2822 Pine Tree Dr, Miami Beach FL 33140 | Miami-Dade County | A11930621
  • $3,299,000

Description

Noble Pine Tree Apartments is a fully renovated 12-unit boutique multifamily on prestigious Pine Tree Drive, offering modern finishes, Art Deco charm, and strong in-place income in one of Miami Beach’s most desirable neighborhoods. With a proven rent roll ($291,000 gross with an NOI of about $215,350), upgraded units featuring premium kitchens, sleek baths, and in-unit laundry in most residences, the property delivers turnkey stability with rental upside. Lush outdoor spaces—hammocks, shaded seating, and café-style areas—create a tropical retreat just a 5-minute walk to the beach. Steps from the new $42.8M Bayshore Park with 19 acres of green space, tennis courts, dog park, and enhanced security, the location ensures long-term appreciation and high tenant demand. Offered at $3.8M with a ~5.8% cap rate, the asset provides rare value in a high-barrier-to-entry market and is ideal for investors seeking both steady yield and premium Miami Beach positioning.

  • Address: Pine Tree Dr
  • City: Miami Beach
  • Zip/Postal Code: 33140

Details

Updated on July 2, 2026 at 7:45 am
  • Property ID A11930621
  • Price $3,299,000
  • Year Built 1935
  • Property Status Active, Commercial Sale

Additional details

  • Annual Tax 43437
  • Association No
  • Private Pool No
  • Listing Terms All Cash
  • Waterfront No
  • Parking Assigned
  • Construction CBS Construction
  • Building Area 5983
  • Year Built Details Resale
  • Flood Zone AE
  • New Construction No
  • Lot Size (Sq Ft) 8580

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Christopher Lazaro

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