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dusk pool outdoor kitchen at 5515 Pine Tree Drive

Kaila Mardoyan and Bryan Sereny close 5515 Pine Tree Drive for $23.75 million

Douglas Elliman’s Bill and Bryan Team listed the 2025 SDH Studio Miami Beach waterfront — seven bedrooms, seven full baths and two half, 6,997 square feet — and placed it at $23.75 million.

$23,750,000. Closed April 16, 2026.

Kaila Mardoyan and Bryan Sereny of Douglas Elliman held the listing. On April 16, 2026, 5515 Pine Tree Drive closed at $23,750,000.

The house is a two-story 2025 waterfront on Pine Tree Drive in Miami Beach’s Beach View / La Gorce stretch of Indian Creek. Elliman’s sold page and BEX put it at 6,997 square feet of living area, seven bedrooms, seven full baths and two half, on a 14,193-square-foot / 0.33-acre lot. Listing copy names architect SDH_Studio, developer Groupe Dayan, and builder Treo Construction, plus 78 feet of waterfront with a new private dock, an outdoor kitchen, and walnut millwork around a stone kitchen island.

Elliman still carries the sold listing under their names.

Closed sale. $2M+ in live markets only. Listing agents named as published. Photos: SDH Studio architect gallery. Luxury Price Drops is not a brokerage.

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Independent analytics platform — not a brokerage. Price drops are a natural part of any healthy market and often represent opportunity. All data is sourced from publicly available listings. Read more