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Miami Beach compound has alluring waterfront setting

Reminiscent of the glitz and glamour captured in F. Scott Fitzgerald’s novel The Great Gatsby, this historic Miami Beach gated compound sits along the Intracoastal Waterway at 4921 Pinetree Dr. – one of the neighborhood’s most prestigious streets and nicknamed “Millionaires Row”.

A true and tranquil paradise for yachting, sports and entertaining enthusiasts, the sprawling residence is minutes from the Atlantic Ocean with no fixed bridges. Priced at $8,900,000, the home, originally part of the Kresge estate (the founders of K-Mart), sits on 1.5 acres of Intracoastal deep-protected waterfront and is characterized by ocean breezes and lush lawns. 

With its expansive park-like grounds, the property provides an ideal location for hosting grand scale events and outdoor parties, and offers endless outlets for recreational activities including a tennis court, putting green, a children’s playground, a pool, Jacuzzi and cabana. There is also a covered lanai with a portico, a covered loggia with original flagstone path, and a large courtyard area for alfresco dining. 

The centerpiece of the compound, a six-bedroom, six and two half-bath estate measuring 7,070 square feet, sits adjacent to a guesthouse with a kitchen, living room and art studio. The residence additionally has 143 feet of deepwater dockage, a boatlift, a two-car air-conditioned garage, a circular driveway, coral rock fireplaces and a generator that services the entire home. With multiple structures on the property, homeowners have the ability to renovate and expand – or rebuild. The compound is also within close proximity to A-rated schools, houses of worship, as well as the Shops of Bal Harbour and the renowned restaurants and retail of Lincoln Road and South Beach.

For more information, contact Nancy Batchelor at 305-903-2850 or visit