Michele Bailey-Horovits And Ayal Horovits Purchase Miami Beach Mansion For $15.6M From Malka Chein

A single-family mansion located at 4539 Pine Tree Drive in Miami Beach was sold for $15,600,000. The property spans 5,818 square feet and carries a price per square foot of $2,681. It includes five bedrooms, 5.5 bathrooms, a pool, and a dock. The property was last sold for $9.3 million in 2019, indicating a notable increase in value.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $15,600,000
• Buyer: Michele Bailey-Horovits; Ayal Horovits - Helm Equities
• Seller: Malka Chein - Miami Hills LLC
• Lender: Citizens Bank
• Mortgage Amount: $10,140,000
• Square Footage: 5,818
• Price Per Square Foot: $2,681

Ayal Horovits and Michele Bailey-Horovits, through JMH Trust, facilitated the purchase of the property, demonstrating an interest in waterfront homes in Miami Beach, as evidenced by the strong demand reflected in this transaction.