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$16,000,000
110 Days On Site

249 Collins Ave
Miami Beach, FL 33139

For Sale|Multi Family|Active
0
Beds
0
Total Baths
16,421
SqFt
$974
/SqFt
1920
Built
County:
Miami-Dade
Call Now: 786-704-8135
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786-704-8135
249 Collins Ave249 Collins Ave249 Collins Ave249 Collins Ave
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Monthly Payment (Est.)

$72,999
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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.

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Listing Snapshot
Price 
$16,000,000
Days On Site 
110 Days
Bedrooms 
N/A
Inside Area (SqFt) 
16,421 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
13,000 Acres
Year Built 
1920
MLS® Number 
A11893497
Status 
Active
Property Tax 
$93,460
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
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What's This?
Private
Recent Activity
4 months agoListing first seen on site
4 months agoListing updated with changes from the MLS®
General Features
Lease Term 
Month To Month
Levels 
Two
Number Of Stories 
2
Parking 
Other
Property Sub Type 
Multi Family
Security 
Security Fence
Sewer 
Public Sewer
SqFt Total 
16421
Style 
Detached
Water Source 
Public
Zoning 
3003
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Exterior Features
Construction Details 
Stucco
Roof 
Built-Up
Community Features
Financing Terms Available 
CashConventional
MLS Area 
42
Listing courtesy of BHHS EWM Realty

The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2026, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

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