2822 PINE TREE DR, Miami Beach
$3,800,000 USD
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| Address | 2822 PINE TREE DR, Miami Beach |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Price | $3,800,000 |
| Property Status | Pending |
| MLS Number | A11930621 |
| Property Size | 8580 |
| Lot Size | 8580 |
| Year Built | 1935 |
| Folio Number | 02-32-27-004-0220 |
| Zoning Information | 3900 |
| Days on Market | 1 |
Detailed 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.
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33140 |
| Address | 2822 PINE TREE DR |
| Section | 27 |
| Zip Code (4 Digits) | 4379 |
Financial Information
| Price | $3,800,000 |
| Price per Foot | $0 |
| Folio Number | 02-32-27-004-0220 |
| Tax Amount | $43,437 |
| Possession Information | Funding |
| Type of Contingencies | No Contingencies |
Full Descriptions
| Detailed 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. |
| Year Built Description | Resale |
| Roof Description | Shingle |
| Parking Description | Assigned |
Property parameters
| Living Area | 8580 |
| Lot Size | 8580 |
| Total Acreage | 0.000 |
| Zoning Information | 3900 |
| Maximum Leasable Size | 8580 |
| Year Built | 1935 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Construction Type | CBS Construction |
| Listed with | Compass Florida, LLC |