249 Collins Ave, Miami Beach FL 33139 | Miami-Dade County | A11889965

$16,000,000

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.

Address

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Address: Collins Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: OCEAN BEACH FL SUB

Details

Updated on October 3, 2025 at 11:25 pm

Property ID A11889965
Price $16,000,000
Land Area 0.2984 Square Feet
Type Residential
Property Status Commercial Land

Additional details

BuildingAreaUnits Square Feet
BuildingFeatures Alley
BuildingName OCEAN BEACH FL SUB
CoListAgentDirectPhone 561-222-5240
CoListAgentEmail zach@brissigroup.com
CoListAgentFullName Zachary Joslin
CoListAgentKey d5a2b3aaf2169000bb9620028987437f
CoListAgentMlsId 3316818
CoListAgentOfficePhone 305-674-4050
CoListAgentStateLicense 3316818
CoListOfficeKey 84ab816c7abee25c6712816e42aa5601
CoListOfficeMlsId EWM 06
CoListOfficeName BHHS EWM Realty
CoListOfficePhone 305-674-4050
ContractStatusChangeDate 2025-10-03
CurrentUse Other Usage, Other Style
DaysOnMarket 0
Elevation 5
ExpirationDate 2026-05-31
FinancialDataSource Owner Provided
FrontageLength 102
GrossScheduledIncome 467900
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 561-870-2211
ListAgentEmail ben@brissigroup.com
ListAgentFullName Ben Brissi
ListAgentKey 7b287c127e71c7587a59cbee7494f0dd
ListAgentMlsId 3288847
ListAgentOfficePhone 305-674-4050
ListAgentStateLicense 3288847
ListOfficeFax 305-960-5258
ListOfficeKey 84ab816c7abee25c6712816e42aa5601
ListOfficeMlsId EWM 06
ListOfficeName BHHS EWM Realty
ListOfficePhone 305-674-4050
ListingAgreement Exclusive Right To Sell
ListingContractDate 2025-10-03
ListingKey 274baaf91fce4c3db47a89fbf330195f
ListingTerms All Cash, Conventional
LotFeatures Beach Area, City Location, Less Than 1 Acre
LotSizeDimensions 102x129
LotSizeSquareFeet 13000
MLSAreaMajor Ocean Beach Fl Sub
MajorChangeTimestamp October 3, 2025 at 08:17pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp October 3, 2025 at 09:22pm
OnMarketDate 2025-10-03
OriginalEntryTimestamp October 3, 2025 at 08:17pm
OriginalListPrice 16000000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-42-03-003-0420
PhotosChangeTimestamp October 3, 2025 at 09:24pm
PhotosCount 28
Possession Funding
PossibleUse Central Urban
PriceChangeTimestamp October 3, 2025 at 08:00pm
PublicSurveyRange 42
PublicSurveySection 3
PublicSurveyTownship 42
RoadFrontageType Public Road
Sewer Public Sanitation
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 421403636
StateOrProvince FL
StatusChangeTimestamp October 3, 2025 at 08:17pm
StreetName Collins Ave
StreetNumber 249
StreetNumberNumeric 249
StructureType Residential
SyndicationRemarks 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.
TaxAnnualAmount 93460
TaxLegalDescription OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1
TaxYear 2024
Utilities Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Trash Removal, Water Available
WaterSource Municipal Water
Zoning 3003