Jay Massirman Of Eden Multifamily Sells Miami Mansion At 5001 Pine Drive For $14M

The property involved in this transaction is a single-family residence located at 5001 Pine Drive in Miami. The asset covers an area of 1 acre and features seven bedrooms, with a total square footage of 11,000. The property is currently under contract with a price of $14,000,000, equating to a price per square foot of $1,273.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $14,000,000
• Address: 5001 Pine Drive
• Market: Miami
• Asset Size: 11,000 SF
• Price per Square Foot: $1,273
• Seller: Jay Massirman - EDEN Multifamily
• Brokers: Judy Zeder & Nathan Zeder - Coldwell Banker

Jay Massirman, the seller, is a multifamily and self-storage developer and the co-founder and CEO of Eden Multifamily. He purchased the home in 2023 for $8.5 million, and the property has undergone renovations. The estate includes amenities such as a pool, spa, outdoor kitchen, and a half-court basketball/pickleball court.