Miami Beach Development
249 Collins Ave, Miami Beach, FL 33139
Multi Family, Detached - Miami Beach, FL
Type:Single Family Attached
Property size:
22,750 SFLot size:
0.30 AcresPrice / SF:
$703/SF- Added:
- Apr 2, 2026
- Days on Market:
- 41
- Last Refresh:
- May 12 at 5:06 pm
Property Features for 249 Collins Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Single Family Attached
- Zoning
- 3003
- Parking features
- Other
- Standard status
- Active
- APN
- 02-42-03-003-0420
- Size
- 22,750 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 93460
Utilities
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 17
- Building materials
- Stucco
- Roof type
- Built-Up
- Architectural style
- Other
Listing agent Ben Brissi License #3288847 (561) 870-2211
Listing office BHHS EWM Realty 419 W 41st Street, MIAMI, FL (305) 674-4000
Listing date Apr 2, 2026
MLS# A11893497
Listing URL
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.
HighLights
- Ultra‑rare 13,000 SF development opportunity South of Fifth.
- Development feasibility study confirms potential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area without variances.
- Existing improvements feature 15 apartments + 2 retail spaces producing $467,900 gross annually.
- Potential to increase buildable area by taking advantage of the Live Local Act or other development bonuses.
- Located in Miami Beach's most coveted neighborhood.
- RPS‑3 Zoning.
Overview
This ultra-rare development opportunity is located South of Fifth. The 13,000 square foot lot includes 249 Collins Ave, 255 Collins Ave, and 247 Ocean Ct. Existing improvements feature 15 apartments and 2 retail spaces, producing a gross annual income of $467,900 with rents below market value. A development feasibility study confirms the potential to build up to 5 stories with 26 residential units and 22,750 square feet of buildable area without variances. There is potential to increase this even more by taking advantage of the Live Local Act or other state, county, and city development bonuses. This exceptional chance to create a new project in Miami Beach's most coveted neighborhood blends immediate income with prime development upside. The zoning is RPS-3. The lot size is 0.2984 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.13326
- Latitude
- 25.771828
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Rare South of Fifth development opportunity with income and upside.
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: Ultra‑rare 13,000 SF development opportunity South of Fifth.; Development feasibility study confirms potential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area without variances.; Existing improvements feature 15 apartments + 2 retail spaces producing $467,900 gross annually.
