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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$3,200,000
Est. payment /mo
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5,983 SqFt
Price Dropped by $99K

2822 Pine Tree Dr Miami Beach, FL 33140

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Sammy Hernandez

Sammy Hernandez

+1(786) 203-8671

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,983 sqft

Price per Sqft $534

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

Zoning 3900

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 SCHOOL & BUSINESS

Sammy Hernandez

+1(786) 203-8671

sammysellsmiami@gmail.com

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2822 Pine Tree Dr

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