$3,200,000

2822 Pine Tree Dr, Miami Beach FL, 33140

Price per sqftN/A

Built in1935

Property typeCommercial

Overview

Active

Updated 23h ago

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 Beachpositioning.

Additional information

MLS^® ID: 11619755

Interior Features

Bedrooms: 0
Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 0.2 Acres

Other Property Details

Taxes: $43,437
Tax Frequency: Annually

Courtesy of Compass Florida, LLC with ,
Listing Contact:

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