Back to Search

Development Land Opportunity

249 Collins Ave, Miami Beach, FL 33139

View on Map

For Sale

$16,000,000

LAND - Miami Beach, FL

Lot size:

0.30 Acres

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
Development feasibility study indicates up to 5 stories and 26 residential units with 22,750 SF of buildable area without variances
Public utilities available: public water and public sewer

We can help!

Contact an agent

Ben Brissi

For Sale

$16,000,000

LAND - Miami Beach, FL

Lot size:

0.30 Acres

Added:: Jun 18, 2026
Days on Market:: 22
Last Refresh:: Jul 9 at 5:06 am

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

We can help!

Contact an agent

Ben Brissi

Listing agent Ben Brissi License #3288847

Listing office BHHS EWM Realty 419 W 41st Street, MIAMI, FL

Listing date Jun 18, 2026

MLS# A11889965 Listing URL

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
Development feasibility study indicates up to 5 stories and 26 residential units with 22,750 SF of buildable area without variances
Public utilities available: public water and public sewer

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Miami Beach
County: Miami-Dade
State: Florida
Longitude: -80.133265
Latitude: 25.771832

Nearby Similar for Sale

$5,000,000

Retail Site with Outdoor Terrace

Indoor space plus an outdoor terrace on the bay side supports a wide range of retail and hospitality uses.

1215 West Ave, Miami Beach, FL 33139

View Details
$150,000

2,250 SF

Turnkey Juice & Kava Bar

Newly opened, fully renovated juice and kava bar offered ready for immediate operation with transferable licenses and modern build-out.

6942 Collins Avenue, Miami Beach, FL 33141

View Details
$1,950,000

Ground-Level Retail Storefronts

Four leased ground-floor retail spaces, including a grocery corner unit and combined restaurant/bar space under NNN terms.

764 Washington Ave, Miami Beach, FL 33139

View Details
$10,000,000

Development Land for Boutique Hospitality

Centrally located North Beach lot currently operating 11 hotel rooms, with redevelopment options for hospitality and retail uses.

6945 Abbott Ave, Miami Beach, FL 33141

View Details
$2,850,000

2,558 SF

Turnkey Boutique Bed & Breakfast

Fully licensed, turnkey 8-room boutique bed and breakfast ready for immediate hospitality operations.

711 Lenox Ave, Miami Beach, FL 33139

View Details
$2,899,000

Class A Office Suite with Private Terrace

Turnkey, remodeled office suite with included furniture and a private terrace for flexible client-facing space.

1680 Michigan Ave, Miami Beach, FL 33139

View Details
$5,000,000

4-Unit Retail Building with Parking

West Alton Road retail building offers income-producing units, tenant parking, and CD-2 redevelopment capacity.

1558 Alton Rd, Miami Beach, FL 33139

View Details
$5,000,000

Renovated Fifth-Floor Office Condominium

Fully renovated fifth-floor office condo with secure private elevator access, 18 offices, and upgraded finishes throughout.

605 Lincoln Rd, Miami Beach, FL 33139

View Details
$375,000

Mezzanine Office Suite in Pavilion

Mezzanine office suite at The Pavilion Condominium with complimentary beach, gym, and pool access.

5601 Collins Ave, Miami Beach, FL 33140

View Details
$1,300,000

Street-Front Retail Condo with Glass

Modern retail condo with floor-to-ceiling glass walls and street-front presence near Sunset Harbor.

1201 20th St, Miami Beach, FL 33139

View Details
$795,000

Retail Unit on Lincoln Road

For-sale retail unit with a flexible showroom or boutique layout on Lincoln Road in Miami Beach.

1300 Lincoln Rd, Miami Beach, FL 33139

View Details
$2,940,000

2,809 SF

Two-Unit Tri-Level Townhome Duplex

Two adjacent independent townhome units offer rooftop terraces, secure parking, and high-ceiling modern living near major retail.

734 Michigan Ave, Miami Beach, FL 33139

View Details

For sale
Apartment buildings
FL
Miami Beach
33139
249 Collins Ave

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

249 Collins Ave, Miami Beach, FL 33139

LAND - Miami Beach, FL

Property Features for 249 Collins Ave

General Information

Taxes and HOA fees

Utilities

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Site with Outdoor Terrace

Turnkey Juice & Kava Bar

Ground-Level Retail Storefronts

Development Land for Boutique Hospitality

Turnkey Boutique Bed & Breakfast

Class A Office Suite with Private Terrace

4-Unit Retail Building with Parking

Renovated Fifth-Floor Office Condominium

Mezzanine Office Suite in Pavilion

Street-Front Retail Condo with Glass

Retail Unit on Lincoln Road

Two-Unit Tri-Level Townhome Duplex

FAQs