For Sale
249 Collins Ave, Miami Beach, Florida 33139
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.
- Condominium:
- Collins Ave
- Property Type:
- Commercial Land
- Listing Type:
- For Sale
- Listing ID:
- A11889965
- Price:
- $16,000,000
- Days On Market:
- 258
- Property Sub Type:
- Residential
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.
- State:
- FL
- County:
- Miami-Dade County
- City:
- Miami Beach
- Subdivision:
- OCEAN BEACH FL SUB
- Zipcode:
- 33139
- Street:
- Collins Ave
- Street Number:
- 249
- Building Name:
- OCEAN BEACH FL SUB
- Longitude:
- W81° 51' 59.5''
- Latitude:
- N25° 46' 18.5''
- BuildingAreaUnits:
- Square Feet
- BuildingFeatures:
- Alley
- CurrentUse:
- Other Usage,Other Style
- FinancialDataSource:
- Owner Provided
- FrontageLength:
- 102
- GrossScheduledIncome:
- $467,900
- LivingAreaUnits:
- Square Feet
- LotFeatures:
- City Location, Less Than 1 Acre, Beach Area
- LotSizeArea:
- 0.2984
- LotSizeDimensions:
- 102x129
- LotSizeSquareFeet:
- 13,000 Sqft
- LotSizeUnits:
- Square Feet
- MapCoordinate:
- -80.13348,25.771817
- MlsStatus:
- Active
- OriginalListPrice:
- $16,000,000
- PossibleUse:
- Central Urban
- StructureType:
- Residential
- PhotosChangeTimestamp:
- 10/10/2025 18:23:32
- Listing ID:
- A11889965
- Visits:
- 500 in 283 days
