Shaya Boymelgreen sells waterfront estate in Miami Beach

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

TRD 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
Chad Carroll, Mariana Trentini, and Fabio Lopes, and Christopher Burch with 5050 North Bay Road

Heinz Brasil exec sells waterfront North Bay Road home to Christopher Burch

Jeffrey Soffer and Fontainebleau Miami Beach

Fontainebleau Miami Beach reveals proposed addition

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach, Crescent Heights, Terra agree to settle dispute over floor-to-area calculations

Amir Zwickel and a Showfields store

Showfields to bring new retail concept to Lincoln Road

David Arditi of Aria Development Group and 321 Ocean

Condo association alleges construction defects at 321 Ocean: lawsuit

Julian Cohen and a rendering of the project

Felix and Julian Cohen propose waterfront spec mansion on North Bay Road

1452 Washington Avenue (Credit: Google Maps, iStock)

Spanish investor buys mixed-use building near Española Way

Joseph Menaged with his units at Faena House and One57 (Credit: Facebook, Redfin, StreetEasy)

Father of “Property Wars” star pleads guilty to bank fraud

arrow_forward_ios
Loading...