Groupe Dayan Sells Miami Beach Single Family Home At 5515 Pine Tree Drive For $23.75M
5515 Pine Tree Drive
$23,750,000
$3,394/SF
Building Size
6,997 SF
Asset Type
Single Family Residence
Closing
Apr 16, 2026
AI
This single-family asset, located at 5515 Pine Tree Drive in Miami Beach, has been sold for $23,750,000. The property spans an area of 6,997 square feet, resulting in a price per square foot of $3,394.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,750,000
- Address: 5515 Pine Tree Drive
- Market: Miami Beach
- Square Footage: 6,997
- Price Per Square Foot: $3,394
- Seller: Groupe Dayan
- Seller's Representatives: Bill Hernandez, Bryan Sereny & Kaila Mardoyan - Douglas Elliman
Bill Hernandez, Bryan Sereny, and Kaila Mardoyan represented the seller in this transaction through their agency, Douglas Elliman. This sale was noted as the highest price per square foot on Pine Tree Drive and marked a record sale at $25.9 million.
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Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93