Price Reduced 15.79%
Price History
$3,800,000
12/16/2025
$3,550,000
4/23/2026
$3,499,000
6/4/2026
$3,299,000
6/17/2026
$3,200,000
7/10/2026
2822 Pine Tree Drive, Miami Beach, FL, 33140
1935
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.
Status:
Active
Type:
Commercial
Zoning:
3900
Parking:
Assigned
Acreage:
0.2
Est. Taxes:
$43,437
Construction
CBS
Days on Market:
206
MLS #:
A11930621
Community Info
School Info
Walk Score
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