2818 Pine Tree Dr, Miami Beach, FL 33140, Miami Beach, FL, 33140

Property Details: • Type: Single Family Residence • Bedrooms: 12 • Bathrooms: 12 • Square Footage: 4,170 sq ft

Description: Discover 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 Beachs 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 propert lush outdoor areas with shaded seating, hammocks, and caf-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 $3.5 million, Pine Tree Apartments offers institutional-grade fundamentals in a boutique footprint, a rare opportunity on Pine Tree Drive. What makes Pine Tree Apartments so special is its balance of beauty, location, and effortless income. Every unit has been thoughtfully renovated with modern finishes yet still feels authentically Miami Beachbright, tropical, and timeless. The property sits on a quiet, tree-lined street just minutes from the ocean, surrounded by elegant homes and the new Bayshore Park. Whether relaxing under the palms in the courtyard or enjoying the steady cash flow from its fully leased 12 units, this building offers both peace of mind and pride of ownership in one of the most exclusive pockets of Miami Beach

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