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A contemporary Miami Beach spec house with its own man-made lagoon is asking $29.75 million.

Measuring about 12,000 square feet, the newly completed, six-bedroom house on Pine Tree Drive sits on roughly 1 acre with frontage on Indian Creek, according to listing agents Mirce Curkoski and Albert Justo of ONE Sotheby’s International Realty.

Most of the bedrooms overlook the lagoon, which Mr. Curkoski estimated is about 100 feet…