$16,000,000 $85,891 est/mo Sourced by Back At You
249 Collins Ave,Miami Beach, FL 33139
Miami Beach, FL 33139
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.
Details
| MLS # | A11889965 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 332 |
| Listing Provided By | BHHS EWM Realty | Ben Brissi |
Features
| Zoning | 3003 |
|---|---|
| Acreage | 0.30 |
Exterior
| Lot Features | Less Than One Acre |
|---|
Taxes
| Tax Annual Amount | 93460 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 42 |
| Community Name | OCEAN BEACH FL SUB |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 42 |
| Community Name | OCEAN BEACH FL SUB |
Nearby Listings (Within 1/10 mile)
Price: $12M - $20M
sqft: 0 - 0
Listing Updated: August 11, 2026 at 8:07:22 AM PDT