2822 Pine Tree Dr
Miami Beach, FL 33140
Nautilus- 12 Beds
- 12 Baths
- 5,983 sqft
12 Beds
12 Baths
5,983 sqft
Local Information
-- mins to
Description
Discover Noble Pine Tree Apartments, a fully renovated 12-unit boutique multifamily property ideally located on prestigious Pine Tree Drive in Miami Beach. Blending timeless Art Deco charm with modern finishes and strong in-place income exceeding $372,000 annualy, this property delivers turnkey stability, excellent yield, and long-term appreciation in one of Miami Beach’s most sought-after neighborhoods.
Highlights
Price: $3,600,000 | Cap Rate: ˜ 5.8 % (on actuals)
Annual Gross Rent: $373,800 | NOI (Est.): $260,000 – $275,000
Unit Mix: 1 × 2BR | 5 × 1BR | 6 × Studios
Avg. Rent per Unit: $2,175 | Potential Rent: $2,400 – $2,600 per unit
Lot Size: 8,580 SF | Construction: Concrete block | Fully Renovated
Price per Unit: ˜ $300,000 | Price per SF: $600.00
Each unit has been tastefully upgraded with quartz countertops, premium cabinetry, modern appliances, designer lighting, and sleek bathroom finishes.
Most units include in-unit washer/dryers, maximizing tenant retention and reducing operating costs.
The property’s lush outdoor areas with shaded seating, hammocks, and café-style tables create an inviting tropical retreat just a 5-minute walk to the beach.
Nestled between multi-million-dollar estates and luxury hotels, the property sits less than a block from the newly completed $42.8 million Bayshore Park Redevelopment, featuring:
19.4 acres of green space with a central lake and pavilion
Six tennis courts, dog park, jogging trail, and playgrounds
Enhanced lighting and security that further elevate Mid-Beach appeal
This transformative public investment ensures lasting appreciation and premium tenant demand.
Investment Opportunity
Turnkey, cash-flowing asset with proven rent roll and low vacancy.
Stabilized income with rental upside through repositioning or furnished corporate rentals (subject to zoning).
Ideal 1031 exchange replacement or first-entry Miami Beach investment.
High-barrier-to-entry location where land scarcity and zoning limits protect long-term value.
At $3.6 million, Noble Pine Tree Apartments offers institutional-grade fundamentals in a boutique footprint, a rare opportunity on Pine Tree Drive.
Additional Information
Shown by appointment only — please do not disturb tenants.
Full rent roll and financials available upon request.
Broker inquiries welcome.
Highlights
Price: $3,600,000 | Cap Rate: ˜ 5.8 % (on actuals)
Annual Gross Rent: $373,800 | NOI (Est.): $260,000 – $275,000
Unit Mix: 1 × 2BR | 5 × 1BR | 6 × Studios
Avg. Rent per Unit: $2,175 | Potential Rent: $2,400 – $2,600 per unit
Lot Size: 8,580 SF | Construction: Concrete block | Fully Renovated
Price per Unit: ˜ $300,000 | Price per SF: $600.00
Each unit has been tastefully upgraded with quartz countertops, premium cabinetry, modern appliances, designer lighting, and sleek bathroom finishes.
Most units include in-unit washer/dryers, maximizing tenant retention and reducing operating costs.
The property’s lush outdoor areas with shaded seating, hammocks, and café-style tables create an inviting tropical retreat just a 5-minute walk to the beach.
Nestled between multi-million-dollar estates and luxury hotels, the property sits less than a block from the newly completed $42.8 million Bayshore Park Redevelopment, featuring:
19.4 acres of green space with a central lake and pavilion
Six tennis courts, dog park, jogging trail, and playgrounds
Enhanced lighting and security that further elevate Mid-Beach appeal
This transformative public investment ensures lasting appreciation and premium tenant demand.
Investment Opportunity
Turnkey, cash-flowing asset with proven rent roll and low vacancy.
Stabilized income with rental upside through repositioning or furnished corporate rentals (subject to zoning).
Ideal 1031 exchange replacement or first-entry Miami Beach investment.
High-barrier-to-entry location where land scarcity and zoning limits protect long-term value.
At $3.6 million, Noble Pine Tree Apartments offers institutional-grade fundamentals in a boutique footprint, a rare opportunity on Pine Tree Drive.
Additional Information
Shown by appointment only — please do not disturb tenants.
Full rent roll and financials available upon request.
Broker inquiries welcome.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
Patio, Deck
View
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 2822 Pine Tree Dr
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Heating & Cooling Heating: Wall, ElectricHeating Fuel: Wall |
Levels, Entrance, & Accessibility Stories: 1Floors: Softwood, Tile, Linoleum VinylGated Entry |
Interior Details Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Master Bath, Office, Pantry, Recreation RoomCeiling Fan |
Appliances & Utilities Cable ReadyDishwasherDryerMicrowaveRefrigeratorWasher |
Fireplace & Spa Fireplace |
Security Security System |
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Exterior Home Features Roof: Shake Shingle, Slate, TileDeckExterior: Stone, Brick, Cement ConcreteFoundation Type: OtherGardenLawnPatio |
Parking & Garage Parking Spaces: 12Parking: Carport, Off Street, On Street |
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Year Built Year Built: 1963 |
Property Type / Style Property Type: Multi FamilyArchitecture: Spanish |
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Units in Building: 10 |
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Lot Area: 8580 sqft |
Price History for 2822 Pine Tree Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 12/29/2025 | ListingRemoved | N/A | |
| 10/13/2025 | $3,600,000 | Listed For Sale | N/A |
| 07/11/2023 | $3,000,000 | Sold | N/A |
| 03/09/2022 | $1,650,000 | Sold | N/A |
| 10/25/2020 | $1,195 | ListingRemoved | Agent Provided |
| 10/13/2020 | $1,195 | PriceChange | Agent Provided |
| 09/24/2020 | $1,200 | PriceChange | Agent Provided |
| 08/29/2020 | $1,250 | Listed For Rent | Agent Provided |
Market trends in Miami Beach
Last updated May 2026
Avg. sale price
$570K
$43.33KMoM
Sale-to-List Price
94.4%
Price per sq ft
$631
$31MoM
Available listings
2088
124MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $43,437 |
| Assessment | $2,315,398 |
Home facts updated by county records
Comparable Sales for 2822 Pine Tree Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.75 | Multi-Family Home | $1,300,000 | 02/25/26 | 8 | 4 | 3,329 | |
1.43 | Multi-Family Home | $3,250,000 | 09/08/25 | 8 | 4 | 3,701 | |
1.22 | Multi-Family Home | $5,000,000 | 08/26/25 | 3 | 3 | 2,326 | |
1.05 | Multi-Family Home | $600,000 | 04/17/26 | 3 | 2 | 1,260 | |
2.09 | Multi-Family Home | $1,270,000 | 09/22/25 | 4 | 4 | 2,492 | |
1.83 | Multi-Family Home | $1,900,000 | 03/27/26 | 6 | 3 | 3,032 | |
1.12 | Multi-Family Home | $675,000 | 03/26/26 | 2 | 2 | 1,250 | |
2.00 | Multi-Family Home | $1,269,999 | 01/30/26 | 4 | 4 | 3,000 | |
2.42 | Multi-Family Home | $2,000,000 | 02/27/26 | 5 | 5 | 3,990 | |
3.12 | Multi-Family Home | $2,820,000 | 01/08/26 | 11 | 6 | 5,426 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 2822 Pine Tree Dr.
What Locals Say about Nautilus
At least 24 Trulia users voted on each feature.
91 % Say it's dog friendly
78 % Say there are sidewalks
76 % Say people would walk alone at night
75 % Say streets are well-lit
73 % Say car is needed
67 % Say yards are well-kept
66 % Say it's walkable to restaurants
66 % Say they plan to stay for at least 5 years
65 % Say kids play outside
64 % Say it's quiet
59 % Say there's holiday spirit
58 % Say it's walkable to grocery stores
57 % Say parking is easy
41 % Say there's wildlife
35 % Say neighbors are friendly
31 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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