2822 Pine Tree Dr, Miami Beach, FL 33140
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2822 Pine Tree Dr, Miami Beach, FL 33140
2822 Pine Tree Dr, Miami Beach, FL 33140
2822 Pine Tree Dr, Miami Beach, FL 33140
2822 Pine Tree Dr, Miami Beach, FL 33140
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 3,299,000
Est. payment /mo
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Price Dropped by $200K

2822 Pine Tree Dr Miami Beach, FL 33140

5,983 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,983 sqft

Price per Sqft $551

MLS Listing ID A11930621

HOA Y/N No

Year Built 1935

Annual Tax Amount $43,437

Lot Size 8,580 Sqft

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 32

Interior

Flooring Laminate

Exterior

Roof Type Shingle

Private Pool Yes

Building

Structure Type Block

Others

Tax ID 02-32-27-004-0220

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Real Estate Owned

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11930621

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Compass Florida, LLC

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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2822 Pine Tree Dr

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