Development Land
249 Collins Ave Miami Beach, FL 33139
249 Collins Ave, Miami Beach, FL, 33139
$16,000,000
For Sale
$16,000,000
LAND - Miami Beach, FL
Lot Size0.30 Acres
Days on Market35
Property Features for 249 Collins Ave
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 02-42-03-003-0420
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1
- Tax Annual Amount
- 93460
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Listing agency
BHHS EWM Realty
(305) 674-4000
Listed by
Ben Brissi · License #3288847
(561) 870-2211
Added: Jun 18 Updated: Jun 30 at 8:47PM Checked: Jul 22 at 1:06PM
MLS# A11889965
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering consists of a 13,000 SF development lot that includes 249 Collins Ave, 255 Collins Ave, and 247 Ocean Ct. The property currently has existing improvements featuring 15 apartments and 2 retail spaces. The portfolio is reported to produce $467,900 in gross annual income, with rents noted as well below market.
The site is presented as a South of Fifth development opportunity in Miami Beach, Florida. A development feasibility study is included and indicates potential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area without variances. The listing notes additional potential through state, county, and city development bonuses, including the Live Local Act or other programs.
Zoned RPS-3, this asset may appeal to investors seeking redevelopment while retaining current cash flow from the existing apartment and retail components. It also provides a framework for planning a new residential project based on the feasibility study’s unit and buildable-area parameters, supporting a practical path from existing improvements to a multi-story redevelopment plan.
The site is presented as a South of Fifth development opportunity in Miami Beach, Florida. A development feasibility study is included and indicates potential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area without variances. The listing notes additional potential through state, county, and city development bonuses, including the Live Local Act or other programs.
Zoned RPS-3, this asset may appeal to investors seeking redevelopment while retaining current cash flow from the existing apartment and retail components. It also provides a framework for planning a new residential project based on the feasibility study’s unit and buildable-area parameters, supporting a practical path from existing improvements to a multi-story redevelopment plan.
Key Highlights
- 13,000 SF lot south of Fifth with three addresses: 249 Collins Ave, 255 Collins Ave, and 247 Ocean Ct
- Existing income: 15 apartments and 2 retail spaces generating $467,900 gross annually (rents noted below market)
- Zoning: RPS‑3
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 13,000 SF south-of-Fifth lot with existing income-producing apartments and retail, plus study-backed multi-story residential development potential.
Where is this apartment building located?
The property is located at 249 Collins Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 13,000 SF lot south of Fifth with three addresses: 249 Collins Ave, 255 Collins Ave, and 247 Ocean Ct; Existing income: 15 apartments and 2 retail spaces generating $467,900 gross annually (rents noted below market); Zoning: RPS‑3
