David Wallack Sells Waterfront Estate In Miami For $16 Million With Broker Jill Eber
5725 Northeast Bayshore Drive
$16,000,000
$2,961/SF
Building Size
5,402 SF
Asset Type
Single Family
Closing
Sep 10, 2025
AI
5725 North Bayshore Drive is a single-family waterfront estate located in Miami's Morningside neighborhood. The property encompasses 5,402 square feet on a 0.86-acre lot and was sold for $16,000,000, reflecting a price per square foot of $2,962.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Address: 5725 North Bayshore Drive
- Market: Miami
- Square Footage: 5,402 SF
- Price per Square Foot: $2,962
- Seller: David Wallack - Mango’s Tropical Café
- Broker: Jill Eber - The Jills Zeder Group - Coldwell Banker
- Lot Size: 0.86 Acres
Jill Eber from The Jills Zeder Group represented the seller, David Wallack, in the transaction. This deal involved a prestigious estate commonly referred to as “Whispering Pines” and included notable features such as 125 feet of Biscayne Bay frontage and luxury amenities like a private dock and guest cottage.
Players
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93