$3,299,000183 days on marketActive

2822 Pine Tree Drive, Miami Beach, FL 33140

Miami Beach, FL 33140

Sq Ft

1935

Year Built

0.2 acres

Lot Size

Listing Snapshot

List Price	$3,299,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.2 acres

Year Built	1935
Property Tax	$43,437/yr
MLS #	1149524027
Status	Active
Days on Market	183

About This Home

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.