2822 Pine Tree Dr, Miami Beach FL 33140
Miami Beach, FL 33140
$3,200,000
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- Price
- $3,200,000
- Building size
- 5,983
- Property type
- Income/MultiFamily
- Year built
- 1935
- Lot size (sq ft)
- 8,580
- MLS number
- A11930621
This listing is courtesy of Compass Florida, LLC, 954-477-7332.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1935
- Lot size (sq ft)
- 8,580
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC