“Baby on Board” mogul lists new Miami Beach home for $30M

Miami /
Dec.December 01, 2016 02:15 PM

The marketer and child-proofing product maker who popularized the yellow “Baby on Board” signs wants to sell his newly completed Miami Beach mansion for $29.5 million.

Michael Lerner spent about three years building the 12,600-square-foot house at 4609 Pine Tree Drive and recently moved in, but is relocating to Palm Beach, according to the Wall Street Journal. Eloy Carmenate and Mick Duchon of Douglas Elliman are listing the estate, which overlooks the Indian Creek waterway.

Lerner sold his company, Safety 1st, to Canadian company Dorel Industries in 2000 in a deal reportedly worth about $195 million.

His nearly 1-acre property includes a five-bedroom main house with an elevator and safe room, a four-bedroom guest house, a gazebo with a kitchen and fireplace, and an 80-foot-long swimming pool. It also has 105 feet of waterfront and a private dock, according to the Journal. Property records show Lerner paid $4.95 million for the site in 2013, which breaks down to about $115 per square foot for the land.

The asking price for Lerner’s new home is $2,341 per square foot.

Earlier this year, a British family paid $19 million, or $1,508 per foot, for the 12,600-square-foot waterfront estate at 6385 Pine Tree Drive Circle, on a similarly sized 1.1-acre double lot with 175 feet of water frontage overlooking Indian Creek. That home was built in 1937. [WSJ] – Katherine Kallergis


Related Articles

arrow_forward_ios
5941 Pine Tree Drive (Redfin)
Scott Huizenga buys next-door waterfront Miami Beach estate for $8M
Scott Huizenga buys next-door waterfront Miami Beach estate for $8M
Omar Horev and 4525 Pine Tree Drive (Getty, Redfin/Oren Alexander)
Pura Vida owner flips waterfront Miami Beach teardown for nearly $14M
Pura Vida owner flips waterfront Miami Beach teardown for nearly $14M
Pure Source's Joel Meyerson and 4701 Pine Tree Drive (Pure Source, Lifestyle Production Group)
Vitamin maker sells waterfront Miami Beach estate for $28M
Vitamin maker sells waterfront Miami Beach estate for $28M
Sarah and Shaya Boymelgreen with a rendering of 42 Pine (Getty, 42 Pine)
Boymelgreens launch sales of boutique Miami Beach condos on Pine Tree Drive
Boymelgreens launch sales of boutique Miami Beach condos on Pine Tree Drive
Owners of controversial private school sell waterfront Miami Beach estate for $26M
Owners of controversial private school sell waterfront Miami Beach estate for $26M
Owners of controversial private school sell waterfront Miami Beach estate for $26M
Ximena Caminos in front of 5454 Pine Tree Drive (Getty Images, Realtor.com/Illustration by Steven Dilakian for The Real Deal)
Alan Faena’s ex sells her non-waterfront Miami Beach home for nearly $6M
Alan Faena’s ex sells her non-waterfront Miami Beach home for nearly $6M
Steve Stoute and the Pine Tree Drive Circle mansion (Getty)
Music exec Steve Stoute behind $28M Miami Beach deal: sources
Music exec Steve Stoute behind $28M Miami Beach deal: sources
Alejandro Diaz Bazan and Andres Isaias of Andian Group with the property (Bazan)
Waterfront Miami Beach estate flips for nearly 50% gain in 4 months
Waterfront Miami Beach estate flips for nearly 50% gain in 4 months
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...