Updated Mar 31, 2026
Michele Bailey-Horovits And Ayal Horovits Purchase Miami Beach Mansion For $15.6M From Malka Chein
4539 Pine Tree Drive
$15,600,000
$2,681/SF
Building Size
5,818 SF
Asset Type
Single Family
Closing
Mar 29, 2026
About this deal
AI
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.
On the Map
$15,600,000
$2,681/SF
Single Family
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Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $15.6M for 5,818 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93