About This Home
This 0-bedroom, 0-bathroom commercial at 2822 Pine Tree Dr in Miami Beach, FL is listed for $3,200,000. Built in 1935, on a 0.20 acres lot.
Key Features
- Built in 1935
- 0.20 acre lot
Property Details
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, sle
ek baths, and in-unit laundry in most residences, the property delivers turnkey stability with rental upside. Lush outdoor spaces-hammocks, shaded seating, and cafe-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.
Monthly Cost Estimate
$17,114/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2822 Pine Tree Dr
Miami Beach, FL 33140
Property Details
Flooring
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2822 Pine Tree Dr is listed at $3,200,000. The estimated monthly payment is $17,114 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1935, 0.20 acre lot.
This property is listed by Jeffrey Corriolan PA and can be reached at 3055426470.
