Miami Beach, Florida, house sells for $18 million

The spacious historic property located in the 5300 block of Pine Tree Drive in Miami Beach was sold on May 31, 2022 for $18,000,000, or $3,573 per square foot. The house built in 1929 has an interior space of 5,038 square feet. The property features seven bedrooms, seven baths, and a garage. There's also a pool in the backyard. The unit sits on a 0.3 acres lot.

Additional houses have recently been purchased nearby:

• On Lagorce Drive, Miami Beach, in February 2022, a 3,141-square-foot home was sold for $2,750,000, a price per square foot of $876.
• A 4,004-square-foot home on the 5400 block of Pine Tree Drive in Miami Beach sold in November 2021 for $5,300,000, a price per square foot of $1,324.
• In July 2021, a 2,206-square-foot home on Lagorce Drive in Miami Beach sold for $1,575,000, a price per square foot of $714.

This story was originally published July 5, 2022 at 10:08 AM with the headline "Miami Beach, Florida, house sells for $18 million."