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Waterfront · Stock Cooperative
$260,000$347 / sqft
4720 Pine Tree Drive # 2, Miami Beach FL 33140
Listed
1
Bedrooms
1
Bathrooms
750 sqft
Interior
1950
Year built
$723 / mo
HOA
Stock Cooperative
Type
About this home
Completely remodeled residence at Esquire House located on prestigious Pine Tree Drive and surrounded by multimillion-dollar homes. This beautiful 1 bed/1 bath features new electric, plumbing, LG A/C system, insta-hot water, and much more. The buildings have new roofs, completed the 40-year inspection, and no new special assessments. Enjoy an Olympic-size pool, convenient laundry facility, and plenty of bicycle storage. There is also a private dock with exclusive rental space to owners at $200/month (an incredible deal). This is a rental-friendly community (1 year after Ownership) that is within close proximity to the beach and highways. The property can be sold furnished with some excluded items that are shown in the MLS photos.
Features
- Built-in Features
- Closet Cabinetry
- East Of Us1
- None
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Lease-1st Year Owned
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,199–$4,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.