2822 Pine Tree Dr, Miami Beach FL 33140 | Miami-Dade County | A11930621
- $3,299,000
- $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
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Address: Pine Tree Dr
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City: Miami Beach
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Zip/Postal Code: 33140
Details
Updated on July 2, 2026 at 7:45 am-
Property ID A11930621
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Price $3,299,000
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Year Built 1935
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Property Status Active, Commercial Sale
Additional details
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Annual Tax 43437
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Association No
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Private Pool No
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Listing Terms All Cash
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Waterfront No
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Parking Assigned
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Construction CBS Construction
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Building Area 5983
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Year Built Details Resale
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Flood Zone AE
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New Construction No
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Lot Size (Sq Ft) 8580
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