$3,299,000

2822 Pine Tree Drive, Miami Beach, FL 33140

  • 5,983 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1935
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $551/sqft
  • Property List Date Icon Listed 6 months ago

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.

Listing Status:
Active
Date Added:
December 16, 2025
Data Last Updated:
June 20, 2026 at 2:19PM
Listing Office:
Compass Florida, LLC : 954-477-7332
Listing Agent:
Jeffrey C Corriolan : 305-542-6470
MLS ID:
A11930621
  • Flooring: Laminate
  • Parking: Assigned
  • Roofing: Shingle
  • General: Block
  • Originating MLS: BEACH_MIAMI
  • County: Miami-Dade
  • Zoning: 3900FAIRGREEN R/S BLKS C-D-E PB 4-154 LT 12 LESS BEG NW COR LT 11 N 14.43FTSE TO NE COR LT 11 WALG N/ L LT 11 TO POB BLK D LOT SIZE 60.000 X 1430232270040220
  • Source: BEACH_MIAMI

This listing courtesy of Jeffrey C Corriolan , Compass Florida, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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