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$ 3,200,000
Est. payment /mo
Active
2822 Pine Tree DR Miami Beach, FL 33140
5,983 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,983 sqft
Price per Sqft $534
MLS Listing ID A11930621
Construction Status Resale
HOA Y/N No
Year Built 1935
Annual Tax Amount $43,437
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Multi Family
Property 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.
Location
State FL
County Miami-dade
Area 2320
Zoning 3900
Interior
Interior Features InteriorFeatures
Flooring Laminate
Fireplace No
Exterior
Parking Features Assigned
Roof Type Shingle
Building
Structure Type Block
New Construction No
Construction Status Resale
Others
Tax ID 0232270040220
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Real Estate Owned
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11930621
Listed by Jeffrey C Corriolan Compass Florida, LLC
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