Multi Family at 2822 Pine Tree Drive
2822 Pine Tree Drive, Miami Beach, FL 33140
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.
Nearby Synagogues & Location
Listed on ShulSearch · No fees to inquire
Listed by: Jeffrey Corriolan 305-542-6470, Compass Florida, LLC
Source: MIAMI REALTORS® MLS · MLS# A11930621
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About this 0-bedroom home in Miami Beach
This Miami Beach home sits about 0.59 miles from Congregation Kol Eliyahu (formerly Dej Shul) (Orthodox) — roughly a 12-minute walk. On ShulSearch every nearby listing is ranked by walk time to shul, so you can find a home in Miami Beach that's genuinely within walking distance of your community.
See all homes near Congregation Kol Eliyahu (formerly Dej Shul) →