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Listed price in listed location currency (USD).
$16,000,000

000

MLS® A11889965

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes $93,460
Days Active 99
Lot Size 0.2984 acres
Approx. Age 
MLS® Number A11889965

Property Address: 249 Collins Ave, Miami Beach, FL, 33139-7108

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberA11889965
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2984
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 3, 2025List Date
$16,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
249 Collins Ave, Miami Beach, FL

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