NOT LISTED FOR SALE

2870 Pine Tree Dr Unit PH-5 Miami Beach, FL 33140

Bayshore Neighborhood

Estimated Value: $709,000 - $802,923

3 Beds
2 Baths
1,514 Sq Ft
$847/ mo HOA Fee

Last Sold December 30, 2024

Last sale price $825,000 $545 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,906/month

10 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Furnished
  • North Beach Elementary School Rated A-
  • Garden View
  • Den

About This Home

As of December 2024

Perched atop a boutique building on iconic Pine Tree Drive, this unique penthouse blends historic charm with modern convenience. Built in 1926, the residence features beautiful wood floors and an open kitchen layout. The 2-bed, 2-bath design includes a den, a sunroom, and two expansive terraces with new roofing, perfect for outdoor living and dining. Enjoy two covered parking spaces with a private storage closet spanning their width, plus a dumbwaiter for added convenience. Located in an upscale neighborhood surrounded by single-family homes, this property offers proximity to the Flamingo Dr. pedestrian bridge, a 10-minute walk to the beach, and a 5-minute drive to South Beach. Steps from restaurants, shops, and entertainment, this penthouse is a rare find in a prime Miami Beach location.

Last Agent to Sell the Property

Lisa Martin

Urban Resource LLC License #3273398 Listed on: 12/03/2024

Co-Listed By

Niurka Toledo

Urban Resource LLC License #3426783

Last Buyer's Agent

Nerime Demren

Regency Realty Services License #672815

Regency Realty Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,409

Year Built

  • Built in 1926

HOA Fees

  • $847 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Deeded Parking

Home Design

  • Entry on the 3rd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,514 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Built-In Features
  • Bar
  • Combination Dining and Living Room
  • Den
  • Storage Room
  • Garden Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Jetted Tub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • North Beach Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Deck
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-27-031-0050

Community Details

Overview

  • 6 Units
  • Low-Rise Condominium
  • 2870 Pine Tree Condo
  • 2870 Pine Tree Condo Subdivision

Pet Policy

  • No Pets Allowed

Additional Features

  • Community Storage Space
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,409

Year Built

Built in 1926

Lot Details

0 Sq Ft Lot

HOA Fees

$847 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1926
  • Property Sub Type: Condominium
  • Co List Office Mls Id: URRL01
  • Co List Office Phone: 786-620-2727
  • Directions: Located between 28th and 29th Streets on iconic Pine Tree Drive in Miami Beach. Just steps from the Flamingo Dr pedestrian bridge, it offers easy access to the beach, restaurants, shops, and South Beach, combining convenience with charm.
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: 2870 PINE TREE CONDO
  • Year Built Details: Unknown
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Washer
  • Interior Amenities: Bar, Built-in Features, Other, Pantry, Den/Library/Office, Storage
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Other, Tile, Wood
  • Furnished: Unfurnished, Furnished
  • Living Area: 1514
  • Possible Use: Investment
  • Stories: 3
  • Window Features: Other Windows
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Den/Library/Office, Other, Storage Room
  • Master Bathroom Features: Combination Tub & Shower, Dual Sinks, Shower Only

Exterior Features

  • View: Garden View, Other View
  • Exterior Features: East Of Us1, Other
  • Construction Type: CBS Construction, Other
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 2870 PINE TREE CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Covered, Deeded

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Secured Garage/Parking, Other

Condo/Co-op/Association

  • Association Fee: 847
  • Amenities: Storage
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: North Beach
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-27-031-0050
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 13409

Multi Family

  • Number Of Units In Community: 6
  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2024
Closed on
Dec 30, 2024
Sold by
Chateau Vera Grace Llc
Bought by
Demren Alp and Demren Nerime
Seller's Agent
Lisa Martin
Urban Resource LLC
Buyer's Agent
Nerime Demren
Regency Realty Services
List Price
$895,000
Sold Price
$825,000
Premium/Discount to List
-$70,000
-7.82%
Views
10
Current Estimated Value
$757,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$67,269
Avg. Annual Appreciation
-6.79%

Purchase Details

Closed on
Mar 15, 2022
Sold by
Mcgrath Alan F
Bought by
Chateau Vera Grace Llc

Purchase Details

Closed on
Dec 30, 2010
Sold by
Vallier William J and Vallier Ann G
Bought by
Mcgrath Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Demren Alp $825,000 None Listed On Document
Demren Alp $825,000 None Listed On Document
Chateau Vera Grace Llc $750,000 Ritter Zaretsky Lieber & Jaime
Mcgrath Alan $399,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgrath Alan $299,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2024 12/30/24 Sold $825,000 -7.8% $545 / Sq Ft
12/13/2024 12/13/24 Pending -- -- --
12/03/2024 12/03/24 For Sale $895,000 -- $591 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,409 $425,281 -- --
2024 $13,484 $713,583 -- --
2023 $13,484 $713,583 $0 $0
2022 $6,393 $381,492 $0 $0
2021 $6,361 $370,381 $0 $0
2020 $6,282 $365,268 $0 $0
2019 $6,129 $357,056 $0 $0
2018 $5,817 $350,399 $0 $0
2017 $5,758 $343,192 $0 $0
2016 $5,741 $336,134 $0 $0
2015 $5,813 $333,798 $0 $0
2014 $5,912 $331,149 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Martin

    Seller's Agent in 2024

    Lisa Martin

    Urban Resource LLC

    (786) 262-1480

    1 in this area

    48 Total Sales

    Lisa Martin
    Section Image

  • N

    Seller Co-Listing Agent in 2024

    Niurka Toledo

    Urban Resource LLC

    (786) 620-2727

    1 in this area

    34 Total Sales

    Niurka Toledo
    Section Image

  • N

    Buyer's Agent in 2024

    Nerime Demren

    Regency Realty Services

    (305) 209-6374

    1 in this area

    6 Total Sales

    Nerime Demren
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11702049

MIAMI REALTORS® MLS

APN: 02-3227-031-0050

Florida Miami/Dade County Miami Beach 33140 Bayshore

2870 Pine Tree Dr Unit PH-5, Miami Beach, FL

Not Listed for Sale

Condos

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