2822 Pine Tree Dr, Miami Beach, FL 33140

Noble Pine Tree Apartments – Boutique Mid-Beach Multifamily Gem Discover Noble Pine Tree Apartments, a rare, fully-renovated 12-unit income property ideally positioned on Miami Beach’s prestigious Pine Tree Drive. Blending classic Miami charm with modern design and strong financial performance, this asset offers the best of both worlds, turnkey stability and long-term appreciation in one of the most desirable pockets of Miami Beach. Property Overview Comprising 12 operating units, the property features a diverse and efficient mix of 1 two-bedroom, 5 one-bedrooms, and 6 studios. All apartments have been tastefully renovated with modern cabinetry, updated appliances, premium tile flooring, quartz countertops, designer lighting, and sleek vanities. A majority of units also include in-unit washer/dryers, adding to tenant satisfaction and operational ease. The property currently achieves an average in-place rent of $2,175 per unit, demonstrating strong existing cash flow with upside potential through optimized rents and repositioning. Lifestyle & Location Set on a generous 8,580-square-foot lot, residents enjoy lush outdoor common areas featuring shaded seating, hammocks, and café-style tables, an inviting oasis just a 5-minute walk to the beach. Surrounded by multi-million-dollar estates and situated less than a block from the newly completed $42.8 million Bayshore Park redevelopment, the property benefits from exceptional neighborhood fundamentals. The new 19.4-acre Bayshore Park includes: A central lake with boardwalks and pavilion Six tennis courts, jogging trail, and dog park Playgrounds, butterfly garden, and fitness cluster Enhanced lighting, security, and landscaping This landmark public investment will dramatically elevate property values and livability in the Mid-Beach corridor. Investment Highlights 12 operating units – flexible configuration and zoning upside Fully renovated interiors – turnkey condition, minimal CapEx required In-place average rent: $2,175/unit – strong current yield with growth potential Prime location – surrounded by luxury single-family estates and walkable amenities Proximity to new Bayshore Park – long-term neighborhood catalyst High barriers to entry – limited inventory and strong rental demand in Mid-Beach Why This Property For individual investors, Noble Pine Tree Apartments offers an effortless way to own a stabilized, cash-flowing property in one of Miami Beach’s most exclusive areas, steps from the sand, dining, and the city’s newest world-class park. For institutional or multifamily investors, it presents a rare opportunity to acquire a value-add or long-term hold asset in a submarket where land scarcity, high replacement costs, and zoning constraints continue to drive sustained rent growth and appreciation. With its combination of turnkey renovations, consistent income, and premier location, Noble Pine Tree Apartments is truly a boutique gem with institutional fundamentals, an opportunity that simply doesn’t come around often on Pine Tree Drive.