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2822 Pine Tree Drive, Miami Beach, FL 33140

$3,200,000

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https://www.propertypanorama.com/instaview/mia/A11930621

Property Type: Commercial Sale Square Footage: 5,983 Status: Active

Current Price: $3,200,000 List Date: 4/15/2026 Last Modified: 9/03/2026

Overview

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.

Listing Details MLS# A11930621

General Property Information

Property Sub Type: Multi Family
Occupant Type: Tenant
Building Area Main: 5983
Year Built: 1935
Lot Size Area: 8580
Lot Size Acres: 0.2

Property Features

Flooring: Laminate Parking Features: Assigned Possession: Negotiable Property Condition: Resale Special Listing Conditions: Real Estate Owned Construction Materials: CBS Listing Terms: Cash Roof: Shingle

Contract Information

Comp Sale YN: No
Original List Price: 3800000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 2822
Street Name: Pine Tree
Street Suffix: Drive
City Name: Miami Beach
State Or Province: FL
Postal Code: 33140
Postal Code +4: 4379
Area: 2320
Parcel Number: 0232270040220
Subdivision Number: 4
Zoning: 3900
Flood Zone: AE

Financial Information

Tax Annual Amount: 43437
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

Status Change Information

Major Change Timestamp: 2026-07-10T15:38:23Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-10T15:38:23Z
Status Change Date: 2026-04-15

More Information

Short Sale Details

Short Sale Addendum: No

Price Calculations

Current Price To SqFt: 534.84

Section Details

Parcel Number MLX: 0220

Originating Details

Originating System Key: 424316370
Originating System ID: M00000151

Listing Office: Compass Florida, LLC

Last Updated: September - 03 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

2822 Pine Tree Drive, Miami Beach, FL 33140 (MLS# A11930621)