For sale
$2,950,000
Commercial property
0.12 acres
417 Ne 26th StMiami, FL 33137
Listing courtesy of Compass Florida, LLC · MyStateMLS #12025371
For saleReduced $600,000 from $3,800,000Virtual tour
$3,200,000
0.2 acresBuilt 1935
2822 Pine Tree DrMiami Beach, FL 33140
Commercial property (from the listing description) · MLS 11619755 · Listed 323 days ago (Dec 16, 2025)
Active: Listed and available according to the MyStateMLS feed.
Other listings at this address
Separate MyStateMLS listings with exactly the same street address. Each is its own offer with its own listing representative; spaces are not assumed to be contiguous or combinable.
| Listing | Offer | Size | Price or rate | Listed by |
|---|---|---|---|---|
| This listing (viewing) | For sale | 0.2 acres | $3,200,000 | Compass Florida, LLC |
| MLS 11483386 | For sale | 0.2 acres | $3,800,000 | Compass Florida, LLC |
About this property
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 Beachpositioning.
Description provided by the listing brokerage.
Key facts
- Asking price
- $3,200,000
- Original list price
- $3,800,000
- Status
- For sale
- Property type
- Commercial (type not stated)From the listing description
- Land area
- 0.2 acresSource field LotSizeSquareFeet
- Year built
- 1935
- MLS number
- 11619755
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $3,200,000
- Annual taxes
- $43,437
Building and site
- County
- Miami-Dade County
Investment figures reported in the description
- Cap rate
- 5.8% (actual or pro forma not stated)"…and. offered at $3.8m with a ~5.8% cap rate, the asset provides rare…"
- Net operating income
- $215,350 (actual or pro forma not stated)"…roll ($291,000 gross with an noi of about $215,350), upgraded units featuring pr…"
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Listing details
Roof
- Asphalt
Virtual tours and video
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Miami Beach.
Why this listing is on Commercial Only
- MLS property class detail. (PropertyTypeDetail: commercial)
How listings qualify. Something wrong? Report it.
Price and status history
- Original list price reported by the brokerage: $3,800,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Listing courtesy of Compass Florida, LLC · MyStateMLS #11483386
For saleReduced $700,000
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- Parking reported
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0.08 acres
- Parking reported
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Guides
Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.
Listing last modified at the source Oct 17, 2026, 11:50 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 12:30 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.