Property 2822 Pine Tree Drive, Miami Beach, FL 33140 for sale with MLS# A11930621
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.
2822 Pine Tree Drive, Miami Beach, FL 33140
- Price:
- $3,200,000.00
- Original List Price:
- $3,800,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $534.84
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Real Estate Owned (REO) Lender/Bank Owned
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- July 10, 2026 3:38 pm
- Built-Up Area:
- 5,983 Sqft
- Lot Size Acres:
- 0.2
- Year Built:
- 1935
- Roof:
- Shingle
- Construction Materials:
- CBS
- Flooring:
- Laminate
- Flood Zone Code:
- AE
- Property Condition:
- Resale
- Tax Annual Amount:
- $43,437.00
- Parking Features:
- Assigned
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- FAIRGREEN 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 143
- Real Estate Folio Number (Parcel Number):
- 0232270040220
- Zoning:
- 3900
- Active on the market since:
- December 16, 2025
- Listing Agreement executed on:
- December 16, 2025
- Price change occurred on:
- July 10, 2026 3:38 pm
- Listing Status Last Changed On:
- April 15, 2026 8:54 pm
- Photos updated on:
- July 10, 2026 2:43 pm
- Last Modified:
- July 10, 2026 2:44 pm
- Courtesy of:
- Compass Florida, LLC
- Attribution:
- Not provided
- Street Name:
- Pine Tree
- Street Number:
- 2822
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33140
- County:
- Miami-Dade
- Latitude:
- N25° 48' 19.2''
- Longitude:
- W81° 52' 18''
- Street Suffix:
- Drive
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 2822 Pine Tree Drive, Miami Beach, FL 33140
