249 Collins Ave, Miami Beach FL 33139 | Miami-Dade County | A11893497
  • $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. RPS-3 Zoning.

  • Address: Collins Ave
  • City: Miami Beach
  • Zip/Postal Code: 33139

Details

Updated on July 2, 2026 at 7:46 am
  • Property ID A11893497
  • Price $16,000,000
  • Year Built 1920
  • Property Status Active, Commercial Sale

Additional details

  • Annual Tax 93460
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional/Refinance
  • Waterfront No
  • Total Stories 2
  • Parking Other
  • Structure Type Commercial, Free Standing, Retail
  • Tax Year 2024
  • Construction Stucco
  • Building Area 16421
  • Year Built Details Resale
  • Inclusions Building & Land
  • Flood Zone AE
  • New Construction No
  • Lot Size (Sq Ft) 13000

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Christopher Lazaro

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