The Real Deal Miami

Miami Beach home with helipad headed to auction block

Bidders need to put up $50,000 to enter the running

May 05, 2016 01:30PM
By Sean Stewart-Muniz

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4855 Pine Tree Drive

4855 Pine Tree Drive

UPDATED May 5th 2:31 p.m.: What do you get for the buyer who says a waterfront mansion isn’t enough? One with a floating helipad, of course.

A 1930s-era home on Miami Beach’s ritzy Pine Tree Drive with that very same selling point is headed to auction on Monday, SVN Moecker Realty Auctions recently announced.

The 10,694-square-foot mansion at 4855 Pine Tree Drive, known as Villa Katerina, is being auctioned after its owner tried to sell it for more than $25 million on the MLS unsuccessfully for roughly two years.

The auction is being held Monday by SVN Moecker, a brokerage firm well known for its commercial listings like the two “Millionaire’s Mile” land assemblages up for sale in Hillsboro Beach.

The dock/helicopter pad hybrid

The dock/helicopter pad hybrid

The Mediterranean-style Pine Tree Drive home boasts six bedrooms, eight bathrooms and luxe finishes throughout its three stories. Pictures of the property show its floating helipad is lashed to the dock, and although it looks small, Will Reynoso of SVN told The Real Deal that the owner has used it before and a helicopter can definitely fit.

Reynoso said the home is a good match for someone interested in a waterfront mansion, but the property’s nearly 1-acre lot also has the possibility for redevelopment.

Potential bidders have to put up a refundable $50,000 deposit to enter the running, though if they want to cut through the red tape, 4855 Pine Tree Drive has a standing asking price of $14.77 million. Its reserve price at bidding is confidential, Reynoso said. He also declined to name the property’s owner.

County records show it’s owned by Villa Katerina LLC, whose managing member is Hallandale Beach attorney Mark Pomeranz. Voter registration records shows Boruch Freedman, former head of the now-defunct aircraft charter company World Aviation Business Corp., is registered at that address.