Shaya Boymelgreen sells waterfront estate in Miami Beach

Miami /
Oct.October 04, 2019 04:30 PM
4539 Pine Tree Drive and Shaya Boymelgreen (Credit: Realtor, Getty Images and iStock)

4539 Pine Tree Drive and Shaya Boymelgreen (Credit: Realtor, Getty Images and iStock)

UPDATED, Oct. 7, 10:15 a.m.: Sarah Boymelgreen, the wife of a well-known developer, sold her Miami Beach estate for $9.3 million, property records show.

Boymelgreen is married to Shaya, an Israeli-born New York developer who was temporarily banned from selling condos in New York alongside his partner, Lev Leviev’s Africa Israel Investments, in 2014.

Sarah Boymelgreen, via 4539 Pinetree LLC, sold the five-bedroom, 6,311-square-foot house at 4539 Pine Tree Drive to Miami Hills LLC, a Delaware company that lists a Brooklyn address. The property was built in 1951 on a waterfront 0.7-acre lot in Miami Beach.

The house includes an outdoor terrace with a summer kitchen, salt-water pool and a dock with 100 feet of waterfront, according to a previous listing. It last sold in 2015 for $9 million.

Nearby at 4260 Pine Tree Drive, developer Russell Galbut wants to build a mansion three feet higher than is currently allowed by the city.

Earlier this year, Jamie LeFrak, vice chairman and managing director of LeFrak, closed on 4567 Pine Tree Drive for $19.6 million.

Shaya Boymelgreen and Leviev had a failed partnership to build a number of condo projects in New York, and they also built the Marquis Miami building in downtown Miami. They were sued in 2016 over alleged construction defects at Marquis Miami.

Last year, Menachem Boymelgreen secured a $23.5 million construction loan for a planned townhome project in Surfside.

An earlier version of this story misidentified Sarah Boymelgreen.  


Related Articles

arrow_forward_ios
Jarrett Posner, Pablo Escobar with 5860 North Bay Road (The Waterfront Team)

Pablo Escobar’s former Miami Beach property sells for $11M

Pablo Escobar’s former Miami Beach property sells for $11M
Camilo Miguel Jr. and rendering of 4000 Alton Road

Mast Capital scores approval for Miami Beach condo project

Mast Capital scores approval for Miami Beach condo project
6050 North Bay Road (Google Maps)

AmeriSave CEO buys North Bay Road teardown for $8M

AmeriSave CEO buys North Bay Road teardown for $8M
Commissioner Ricky Arriola (iStock)

Miami Beach asks for offers to develop lots near Lincoln Road

Miami Beach asks for offers to develop lots near Lincoln Road
David Grutman and Alejandro Sanz with a rendering of 2050 North Bay Road (Getty, CMA Design Studio)

David Grutman closes on Alejandro Sanz’s Miami Beach home, plans new mansion

David Grutman closes on Alejandro Sanz’s Miami Beach home, plans new mansion
114 West San Marino Island

Island Queen Cruises founder sails away from Venetian Islands home for $6M

Island Queen Cruises founder sails away from Venetian Islands home for $6M
(Google Maps)

Condo sales fell in Miami-Dade last week

Condo sales fell in Miami-Dade last week
Victor Ballestas and 6060 Indian Creek Drive, Miami Beach (Credit: Google Maps)

Embattled Sixty Sixty condo-hotel’s units in Miami Beach sell for $15M

Embattled Sixty Sixty condo-hotel’s units in Miami Beach sell for $15M
arrow_forward_ios

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

Loading...