Babba Yesharim Acquires Miami Beach Mansion From Daniel Gryfe For $18M

A single-family property spanning 0.9 acres located at 4411 Pine Tree Drive in Miami Beach was sold in a transaction. The property, with a total of 12,761 square feet, was acquired for $18,000,000 at a price per square foot of $1,411. The seller of the property was Daniel Gryfe, while the buyer was Babba Yesharim, the CEO of Riverside District Development.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $18,000,000
• Address: 4411 Pine Tree Drive
• Market: Miami Beach
• Buyer: Babba Yesharim - Riverside District Development
• Seller: Daniel Gryfe
• Buyer's Representative: Babba Mehrpouyan - Beachfront Realty
• Seller's Representative: Mendel Fellig - Compass
• Square Footage: 12,761
• Price per Square Foot: $1,411

The sale of the property marked a significant 46% gain from its 2021 sale price, indicating a robust demand for luxury homes in the Miami Beach area. Daniel Gryfe's firm facilitated the transaction, showcasing the consistent demand for high-end properties in the region. The involvement of Babba Yesharim, the CEO of Riverside District Development, highlights the interest of prominent individuals in acquiring luxury real estate in sought-after locations.