A rarely available opportunity on the widest part of Indian Creek Waterway awaits yacht enthusiasts in Miami Beach.  Featuring a seldom found half-acre lot with 125 feet of deep water frontage -- and no fixed bridges to Biscayne Bay and the Atlantic Ocean -- this exquisite compound is on the market for $8,799,000 (a price reduction of over $4 million). Located on prestigious Pinetree Drive, the amenities and details of the villa mirror the extraordinary luxuries of a private resort.   Architecturally distinct inside and out, the estate comprises 10 bedrooms, 11 full and two half-baths spread throughout 7,764 adjusted square feet of living space. A grand foyer opens to the sunlit interior, complemented by high ceilings, marble floors and wide windows.  The open layout, paired with a variety of unique and generously scaled living areas, makes the home as ideal for grand-scale entertaining as it is for hosting informal gatherings.  While the kosher-style kitchen has a center island, large pantry, stainless steel appliances and casual snack seating overlooking the tennis court, the media room features a large built-in bar with additional seating. The richly-appointed master suite is complete with a large bath, midnight kitchen and an inviting balcony overlooking the Waterway. Enhancing the home's unusual array of amenities, there is also a gym with an adjacent steam room.  Well-designed for use as a corporate or family retreat, the estate has six bedrooms upstairs and two downstairs in the main house, plus there is a detached, three-bedroom guesthouse including anartist s studio, full kitchen and washer/dryer on top of the three-car garage. Impact windows and doors are yet another of the residence's many conveniences.   On the grounds of the estate, residents will enjoy special finds, including a koi pond with a fountain and a majestic 200-year-old banyan tree. The backyard has a pool, gazebo, summer kitchen, tennis court and an oversize dock with two boat lifts.  Adding to the unmistakable appeal of the walled and gated property, it is within close proximity to Bal Harbour Shops, beach, gourmet restaurants, A+ Schools, vibrant nightlife venues and is minutes from La Gorce Country Club.