0 Baths
16,421 sqft
$16,000,000
249 Collins Avenue, Miami Beach FL, 33139
Price per sqft$974.36
Built in1920
Property size16,421 sqft
Property typeCommercial
Overview
Active
Listed Oct 10, 2025
Updated 3 weeks ago
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.
Other Property Details
- Taxes
- $93,460
- Tax Frequency
- Annually
Also listed on RAMB
Listed with BHHS EWM Realty
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