$3,200,000

2822 Pine Tree, Miami Beach FL, 33140

Price per sqftN/A

Built in1935

Property typeCommercial

Courtesy of Jeffrey Corriolan PA with Compass Florida, LLC

Overview

Active

Listed Dec 16, 2025

Updated 13 days ago

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.

Additional information

MLS^® ID: A11930621

Interior Features

Basement: No

Exterior Features

Lot Size: 0.2 Acres

Other Property Details

Taxes: $43,437
Tax Frequency: Annually

Courtesy of Compass Florida, LLC, Jeffrey Corriolan PA,
Listing Contact: 305-542-6470

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 10/17/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 6:18 AM UTC, 10/17/2026