249 Collins Avenue, Miami Beach, FL 33139 (MLS# A11889965)

249 Collins Avenue, Miami Beach, FL 33139

$16,000,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11889965

Property Type: Land & Docks Lot Size (sq. ft.): 13,000 Status: Active

Current Price: $16,000,000 List Date: 10/03/2025 Last Modified: 6/18/2026

Overview

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 Details MLS# A11889965

General Property Information

Property Sub Type: Unimproved Land
Lot Size Acres: 0.3
Lot Size Square Feet: 13000
Lot Size Dimensions: 13000
Lot Depth: 129
Lot Frontage: 102
LP/SqFt: 1230.77

Property Features

Comprehensive Plan Use: Central Urban Current Use: Other Environmental Audit: Unknown Location of Property: City Location Possession: Negotiable Sewer: Public Sewer Special Information: City Jurisdiction Utilities: Electricity Available; Sewer Available; Water Available; Trash Removal Source Of Expenses: Owner Provided Listing Terms: Cash; Conventional Road Frontage Type: Public Road Road Surface Type: Alley Paved Water Source: Public Water View: Beach Showing Requirements: Call Listing Agent Elevation Description: 5-10 Feet Above Sea Level

Contract Information

Comp Sale YN: No
Original List Price: 16000000
LP/Acre: 53619302.95
LP/Frontage: 156862.75

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 249
Street Name: Collins
Street Suffix: Avenue
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Zip: 33139
Subdivision Name: OCEAN BEACH FL SUB
Area: 2420
Elementary School: Miami Beach South Pointe
Middle Or Junior School: Miami Beach Nautilus
High School: Miami Beach
Parcel Number: 0242030030420
Subdivision Number: 3
Multiple Offers Accepted: No
Zoning: 3003
Flood Zone: AE

Financial Information

Tax Year: 2024
Tax Annual Amount: 93460
Tax Legal Description: OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1

Status Change Information

Major Change Timestamp: 2025-10-03T20:31:41Z
Major Change Type: New Listing
Status Change Date: 2025-10-03

More Information

Income and Expenses

Gross Scheduled Income: 467900

Price Calculations

Current Price To SqFt: 1230.92

Section Details

Parcel Number MLX: 0420

Originating Details

Originating System Key: 421403636
Originating System ID: M00000151

Listing Office: BHHS EWM Realty

Last Updated: June - 18 - 2026

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