Shaya Boymelgreen sells waterfront estate in Miami Beach

Boymelgreen family is known in New York and Miami real estate circles

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.  


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