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5011 Pine Tree Drive

Med Revival Castle Rumored to be Owned by an Arab Sheik is Stagnating on the Market

One of the most iconic houses on Miami Beach's Pine Tree Drive, which is rumored to be owned by an Arab sheik or oligarch or somebody, and was originally owned by one of the founding families of Miami Beach, the Collinses, is on the market for $21.95 million. Listed for $25 million a year ago, the house has sat on the market unsold since.