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Commercial Sale Active
2822 Pine Tree Dr, Miami Beach FL 33140,33140,Miami Beach,Miami-Dade County
  • $3,550,000

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.

Overview

  • Income/MultiFamily
    Type
  • sqft
    Area Size
  • 1935
    Year Built
  • A11930621
    Property ID

Details

Actualizado en abril 23, 2026 a 10:19 pm
  • Property ID A11930621
  • Price $3,550,000
  • Year Built 1935
  • Type Income/MultiFamily
  • Property Status Commercial Sale

Additional details

  • BuildingAreaTotal 5983
  • BuildingAreaUnits Square Feet
  • BusinessType Apartments, Residential-Multi-Family
  • CoListAgentDirectPhone 305-308-2718
  • CoListAgentEmail alexblanco@keyes.com
  • CoListAgentFullName Alexander D Blanco
  • CoListAgentKey f108b8dc6374489499721c998bfed502
  • CoListAgentMlsId FLL3399763
  • CoListAgentOfficePhone (954) 389-3459
  • CoListAgentStateLicense 3399763
  • CoListOfficeKey 52148c20a451ad43bf25b1b14151a811
  • CoListOfficeMlsId FLL278001838
  • CoListOfficeName The Keyes Company
  • CoListOfficePhone (954) 389-3459
  • ConstructionMaterials CBS Construction
  • ContractStatusChangeDate 2025-12-16
  • DaysOnMarket 113
  • ExpirationDate 2026-06-07
  • InternetAddressDisplayYN 1
  • InternetEntireListingDisplayYN 1
  • ListAOR A-Miami Association of REALTORS
  • ListAgentDirectPhone 305-542-6470
  • ListAgentEmail Jeff@jcsalesteam.com
  • ListAgentFullName Jeffrey Corriolan
  • ListAgentKey f78132b71a42b87600e64711f4819adb
  • ListAgentMlsId 3259001
  • ListAgentOfficePhone 954-477-7332
  • ListAgentStateLicense 3259001
  • ListOfficeFax 305-418-7390
  • ListOfficeKey 5a72c4fd1a9fee4f8e1462e46b6afcc3
  • ListOfficeMlsId COMP04
  • ListOfficeName Compass Florida, LLC
  • ListOfficePhone 954-477-7332
  • ListingAgreement Exclusive Right To Sell
  • ListingContractDate 2025-12-16
  • ListingKey 329ccb654ed1c864df5e7f16bc52854d
  • ListingTerms All Cash
  • LotSizeSquareFeet 8580
  • MajorChangeTimestamp April 23, 2026 at 07:53pm
  • MajorChangeType Price Decrease
  • MlsStatus Active
  • ModificationTimestamp April 23, 2026 at 07:53pm
  • NumberOfUnitsInCommunity 12
  • OnMarketDate 2025-12-16
  • OriginalEntryTimestamp December 16, 2025 at 03:27pm
  • OriginalListPrice 3800000
  • OriginatingSystemID miamire
  • OriginatingSystemKey miamire
  • OriginatingSystemName Miami Association of REALTORS®
  • OtherExpense 0
  • ParcelNumber 02-32-27-004-0220
  • ParkingFeatures Assigned
  • PhotosChangeTimestamp December 16, 2025 at 03:29pm
  • PhotosCount 21
  • Possession Funding
  • PostalCodePlus4 4379
  • PreviousListPrice 3800000
  • PriceChangeTimestamp April 23, 2026 at 07:53pm
  • PublicSurveyRange 32
  • PublicSurveySection 27
  • PublicSurveyTownship 32
  • Roof Shingle
  • SourceSystemKey 424316370
  • SpecialListingConditions Sale
  • StateOrProvince FL
  • StatusChangeTimestamp April 15, 2026 at 07:54pm
  • StreetName Pine Tree Dr
  • StreetNumber 2822
  • StreetNumberNumeric 2822
  • SyndicationRemarks 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.
  • TaxAnnualAmount 43437
  • TaxLegalDescription 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
  • YearBuiltDetails Resale
  • Zoning 3900

Address

Open on Google Maps
  • Address: Pine Tree Dr
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33140

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Ana María Pol

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