Owner of Pine Tree Drive manse wants to flip it for $23M

Miami /
Jan.January 30, 2017 06:05 PM

The owner of a recently completed spec home in Miami Beach is looking to flip the property after about a year for $22.95 million. 

The Pine Tree Irrevocable Trust, controlled by Lisa A. Schneider, paid $19.48 million for the 11,500-square-foot mansion at 4395 Pine Tree Drive in December 2015, a record price for the high-end street. Schneider leads the trust and estates practice at Gunster. She declined to comment on owner’s identity.

Now, the Jills of Coldwell Banker are listing the eight-bedroom home, which was developed by Todd Glaser and Jarrett and Sean Posner. Jill Hertzberg and Jill Eber declined to comment on the owner’s identity, saying only that “they made a decision to move.”

The house, designed by Domo Design, sits on a nearly 1-acre lot and has 100 feet of water frontage. The property features a wood deck, tropical garden and pool, boat dock, and a driveway and motor court with space for about 15 cars. Completed in 2015, the home also has a gourmet kitchen with marble countertops and a walnut butcher block table, a media room, and Creston smart home features.

“Originally, Pine Tree Drive was the golden place to be,” Hertzberg said, referring to the nearly acre-sized waterfront lots between 41st Street and 49th Street.

Hertzberg said the owners wanted to price it to sell it. The Pine Tree Drive home is priced slightly higher than what the developers were asking in 2015. The current $22.95 million listing price breaks down to about nearly $2,000 per square foot.


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