Miami Beach Development
249 Collins Ave, Miami Beach, FL 33139
Residential - Miami Beach, FL
Property size:
22,750 SFLot size:
0.30 AcresPrice / SF:
$703/SF- Added:
- Feb 17, 2026
- Days on Market:
- 95
- Last Refresh:
- May 23 at 8:06 pm
Property Features for 249 Collins Ave
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- 3003
- 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
- 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 Feb 17, 2026
MLS# A11889965
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
- Rare 13,000 SF development opportunity in South of Fifth.
- Potential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area.
- Existing improvements feature 15 apartments + 2 retail spaces.
- Producing $467,900 gross annually.
- RPS‑3 Zoning.
- Potential to increase buildable area by taking advantage of the Live Local Act or other development bonuses.
Overview
This offering presents a rare development opportunity in the South of Fifth neighborhood. The 13,000 square foot lot, comprised of 249 Collins Ave, 255 Collins Ave & 247 Ocean Ct, currently features 15 apartments and 2 retail spaces. These existing improvements generate a gross annual income of $467,900, with rents below market value. A development feasibility study indicates the potential to construct a five-story building with 26 residential units, yielding 22,750 square feet of buildable area without requiring variances. Further expansion may be possible by leveraging the Live Local Act or other state, county, and city development bonuses. Zoned RPS-3, this property offers the chance to develop a new project in a desirable Miami Beach location, combining immediate income with future development potential.
Property Profile
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?
Retail space - Rare South of Fifth development opportunity with income and upside.
Where is this retail space 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: Rare 13,000 SF development opportunity in South of Fifth.; Potential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area.; Existing improvements feature 15 apartments + 2 retail spaces.
