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May 6, 2016 / Johanna Bassols / 0 Comments / Luxury Home Market

Miami Beach Waterfront Mansion Goes to Auction

A stunning, waterfront Miami Beach mansion is heading to auction on Monday, and all you need is $50,000 to get in on the action. The 10,694-square-foot home is located at 4855 Pine Tree Drive and is described as a 1930s-era Mediterranean-style home. The estate, known as Villa Katerina, is coming to auction after the owner had it listed on the MLS for more than two years without finding a buyer.

The home features six bedrooms, eight bathrooms and luxe finishes throughout all three stories. The waterfront property also boasts 100 feet of frontage with a floating helipad that is currently attached to the dock. While the nearly one-acre property is perfect for the buyer looking for a waterfront home, the option for redevelopment is also a possibility.

Interested bidders are required to put up a refundable $50,000 deposit to participate, however the entire auction process can be avoided if a buyer meets the standing asking price of $14.77 million. The reserve price at bidding is confidential, as is the owner of the property. County records have the estate owned by Villa Katerina LLC, whose managing member is Mark Pomeranz, a Hallandale Beach attorney.

For more information about available properties, in and around Miami Beach, contact Oceanica Real Estate at (786) 270-1743 or info@oceanicarealestate.com.

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