Renovated Multifamily on Pine Tree
For Sale
$3,299,000
2822 Pine Tree Dr, Miami Beach, FL 33140
Boutique 12-unit multifamily property with modern finishes and strong income.
Property SizeContact for details
Days on Market105
Property Features for 2822 Pine Tree Dr
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1935
Listing Agency:
The Keyes Company
(305) 308-2718
Listed By:
Alexander D Blanco · License #3399763
(305) 308-2718
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 6 at 3:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company
Investment Insights
Based on property information with market context.
The property is a fully renovated 12-unit multifamily building located on Pine Tree Drive. It features modern finishes and Art Deco charm. The property has a proven rent roll of $291,000 gross with a net operating income of approximately $215,350. The units have been upgraded and feature premium kitchens, sleek baths, and in-unit laundry in most residences. Outdoor spaces include hammocks, shaded seating, and café-style areas. The property is a short walk to the beach and steps from the new $42.8 million Bayshore Park, which includes 19 acres of green space, tennis courts, a dog park, and enhanced security. The location is considered desirable and ensures long-term appreciation and high tenant demand. The property is suitable for investors seeking steady yield and premium positioning.
Key Highlights
- Fully renovated 12‑unit multifamily property on prestigious Pine Tree Drive in Miami Beach.
- Strong in‑place income with a proven rent roll of $291,000 gross and NOI of approximately $215,350.
- Upgraded units featuring premium kitchens, sleek baths, and in‑unit laundry in most residences.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,936
Businesses Nearby
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Boutique 12-unit multifamily property with modern finishes and strong income.
Where is this apartment building located?
The property is located at 2822 Pine Tree Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,299,000.
What are key features of this property?
This property features: Fully renovated 12‑unit multifamily property on prestigious Pine Tree Drive in Miami Beach.; Strong in‑place income with a proven rent roll of $291,000 gross and NOI of approximately $215,350.; Upgraded units featuring premium kitchens, sleek baths, and in‑unit laundry in most residences.
