Home News Omar Horev Flips Waterfront Miami Beach Teardown for $14M

Omar Horev Flips Waterfront Miami Beach Teardown for $14M

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Omar Horev and 4525 Pine Tree Drive (Getty, Red Fin / Oren Alexander)

Omar Horev, who owns the PuraVida restaurant chain with his wife Jennifer, turned over the dismantling of the Miami Beach waterfront for $ 13.7 million, 11% higher than it was purchased six months ago.

According to real estate records, Horev Real Estate Holdings, a Delaware entity managed by OmerHorev, sold the home on the 4525 PineTree Drive to an entity led by Joseph A. Schottenstein, which is affiliated with the Columbus, Ohio-based Schottenstein Property Group.

4525 Pine Tree Drive (Redfin / Oren Alexander)

4525 Pine Tree Drive (Redfin / Oren Alexander)

The 5,744-square-foot, 6-bedroom, 6.5-bathroom home has a 100-foot waterfront along the Intracoastal Waterway. The list states that it is an opportunity to build.

According to records, Holef bought a house for $ 12.3 million in December. According to Redfin, it went public in May for $ 14 million.

Oren Alexander, Leaving Douglas Elliman This month, with my brother Tal, we started officially on the side of a white label securities company. He confirmed that it was one of the last completed as Eliman’s agent.

4525 Pine Tree Drive (Redfin / Oren Alexander)

4525 Pine Tree Drive (Redfin / Oren Alexander)

Horevs still owns the property of Pine Tree Drive.They bought a waterfront home at 5401 Pine Drive in December $ 6.8 million..

They are also their Pura vida restaurant A chain store established in 2012. Opened the 10th store in February.

According to its website, the Schottenstein Property Group claims to be the “owner, operator, acquirer, and redeveloper” of community and nearby shopping centers.

According to LinkedIn, Joseph Schottenstein is the son of Jay L. Schottenstein, CEO of the American Eagle Outfitters in Miami Beach. Jay Schottenstein and his wife Jean sold an oceanfront Key Biscayne condo at 1101 Grand Bay Tower last year. $ 5 million..

The latest sale is Pine tree drive Luxury market Miami beachDespite expert concerns, the entire national market slow down..

This month, Joel Meyerson, CEO of PureSource, a Miami-based vitamin manufacturer, sold its waterfront property at 4701 Pine Tree Drive. $ 27.7 million..

In March, David and Leila Centner sold their newly built waterfront mansion on the 5465 Pine Tree Drive to Nicholas and Susan Maounis. $ 26 million..

In January, Alan Faena’s former partner, Ximena Caminos, sold a non-waterfront home on the 5454 Pine Tree Drive to a company led by Miguel Bracamontes Baz. $ 6 million..

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