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$3,550,000

2822 Pine Tree Dr, Miami Beach FL 33140

Miami Beach, FL 33140

Star Island

0

Bedrooms

0

Bathrooms

0

Sq Ft

1935

Year Built

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.

Property Details

Property Type Commercial Sale
Status Active
Lot Size 8,580 sq ft
Days on Market 154
MLS # 329ccb654ed1c864df5e7f16bc52854d