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249 Collins, Miami Beach, FL 33139

Miami Beach
Local realty services provided by:CENTURY 21 Move With Us
249 Collins,Miami Beach, FL 33139
$16,000,000
Virtual Tour
  • 0.3 Acres
  • Lots / Land
  • Active
Listed by: ben brissi, zachary joslin
Office: bhhs ewm realty
MLS#:A11889965
Source:FL_RAMC

Price summary

  • Price:$16,000,000

About this home

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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Home facts

  • Subdivision & Development:OCEAN BEACH FL SUB
  • Listing ID #:A11889965
  • Added:12 day(s) ago
  • Updated:September 13, 2026 at 03:01 PM

Structure and exterior

  • Lot area:0.3 Acres

Utilities

  • Water:Public Water, Water Available, Water Connected
  • Sewer:Sewer Available

Finances and disclosures

  • Price:$16,000,000
  • Tax amount:$93,460 (2024)
MLS LogoThe data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor<REGISTERED_LOGO> Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than CENTURY 21 Move With Us are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

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