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$4,150,000

For Sale - Active
2575 Pine Tree Dr, Miami Beach, FL 33140
3 Beds
3 Baths
2,761 Square Feet
0.22 Acres Lot
Built in 1950
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Apr 23, 2025 at 03:20PM

Investment Summary


Monthly Cash Flow
n/a
Cap Rate
n/a
Cash-on-Cash Return
n/a
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
n/a

Property Description


0.22 Acres Lot
Built in 1950
For Sale - Active
Units n/a

Welcome to the Pura Vida House, a charming single-family home located in the desirable heart of South Beach, Miami. This property features a beautifully maintained white interior that creates a warm and inviting atmosphere. Offered AS IS, just as seen in the pictures, it's the perfect canvas for your personal touch. Situated in a quiet and safe neighborhood, you can enjoy peace and tranquility while being within walking distance to the beach, vibrant nightlife, and local attractions. The property sits on a spacious corner lot, complete with a heated pool and barbecue area, ideal for entertaining guests or enjoying moments of relaxation. This gem of a home offers a unique blend of comfort, style, and location. Don't miss your chance to make the Pura Vida House your own! Call listing agent

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Circular Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Other
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0232270120010
  • Lot Size: 9637 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: OneStory
  • Year Built: 1950

Tax Information

  • Annual Tax: $45,528

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Elena Giuliano
I Home Miami
(305) 748-1437

Source:
MIAMI REALTORS MLS
MLS#: A11771529
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
n/a
Cap Rate
n/a
Cash-on-Cash Return
n/a
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
n/a

Purchase Details

Find an Agent

Purchase price:
$4,150,000
Amount financed:
-$3,320,000
Down payment:
$830,000
Closing costs:
$124,500
Rehab costs:
$0
Initial cash invested:
$954,500
Square feet:
2,761
Cost per square foot:
$1,503
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$3,320,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$21,843
Property tax:
$3,794
Insurance:
n/a
Private mortgage insurance (PMI):
$0
Monthly payment:
n/a

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
n/a n/a
Vacancy loss: (6%)
6% n/a n/a
Operating income:
n/a n/a

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/a-$3,794-$45,528
Insurance: (n/a)
n/an/an/a
Property management: (n/a)
n/an/an/a
Repairs & maintenance: (n/a)
n/an/an/a
Capital expenditures: (n/a)
n/an/an/a
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (n/a)
n/an/an/a

Cash Flow


Monthly Yearly
Net operating income:
n/a n/a
Mortgage payments:
-$21,843 -$262,116
Cash flow:
n/a n/a