$16,000,000

249 Collins Avenue, Miami Beach, FL 33139

Land
Built in ——
0.3acre lot
—— car garage
$——/sqft
Listed 9 months ago

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.

Listing Status:: Active
Date Added:: October 3, 2025
Data Last Updated:: July 28, 2026 at 2:21PM
Listing Office:: BHHS EWM Realty : 305-674-4000
Listing Agent:: Ben Brissi : 561-870-2211
MLS ID:: A11889965

Road/Access: Public Road
Originating MLS: BEACH_MIAMI
County: Miami-Dade

Zoning: 3003OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 10242030030420
View: BeachView
Current Use: Other

Utilities: Electricity AvailableSewer AvailableTrash CollectionWater Available
Water: Public
Sewer: Public Sewer

Source: BEACH_MIAMI

This listing courtesy of Ben Brissi , BHHS EWM Realty

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$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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