249 Collins Avenue, Miami Beach, FL 33139
- $16,000,000
- List Price
- $16,000,000
- Days on Market
- 299
- MLS#
- A11889965
- Lot Size
- 13,000
- Subtype
- Unimproved Land
- County
- Miami-Dade
- Subdivision
- Ocean Beach Fl Sub
Property Description
Ultra Rare South of Fifth development opportunity! This 13,000 SF lot includes 249 Collins Ave, 255 Collins Ave & 247 Ocean Ct. Existing improvements feature 15 apartments + 2 retail spaces producing $467,900 gross annually with rents well below market. A development feasibility study confirms the potential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area without variances. Potential to increase this even more by taking advantage of the Live Local Act or other state, county, & city development bonuses. Exceptional chance to create a new project in Miami Beach's most coveted neighborhood, blending immediate income with prime development upside. RPS-3 Zoning.
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Additional Information
- Restrict
- CityRestrictions
- Taxes
- $93,460
- Utilities
- Electricity Available, Sewer Available, Trash Collection, Water Available
- View
- Beach
- Acres
- 0.30
- Elementary School
- Miami Beach South Pointe
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
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Listing courtesy of BHHS EWM Realty. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Ben Brissi | Email: ben@brissigroup.com