Pine Tree Drive Mansion in Miami Beach Sells to an Anonymous Buyer for $19.5 Million
by Sep Niakan | January 18, 2016
A high-end mansion traded hands in Miami Beach, selling for $19.5 million, but the buyers did not want the publicity.
The 11,500 square-foot mansion, located at 4395 Pine Tree Drive, was sold to a legal entity named Pine Tree Irrevocable Trust. However, it is unclear who started the trust, thus it is unknown who the buyer really is. Plus, trusts are not part of public records.
Many real estate buyers in South Florida set up trust funds or shell companies in order to remain anonymous. Many of these buyers are public figures, whether they are celebrities, athletes, politicians, or successful businessmen who want to keep their personal lives personal.
On the other hand, many Latin American real estate buyers have reported that they are afraid of their families being kidnapped back home, so they keep their large purchases personal in order to avoid it.
The mansion itself has eight bedrooms, eight bathrooms, a 160 square-foot pool, and a private boat dock.
Photo credit: miamiherald.com
by Sep Niakan | November 29, 2016
This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...
by Sep Niakan | November 24, 2016
Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...
by Sep Niakan | November 22, 2016
It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...
by Sep Niakan | October 31, 2016
From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...