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249 Collins Ave, Miami Beach, FL 33139
Offering:
For Sale
Location:
Miami Beach, FL 33139
Status:
Active
$16,000,000
Details
Year built:
1920
Lot size:
13,000 sq ft
Levels:
Two
Stories:
2
Style:
Detached
Days on market:
251
Annual tax (2024):
$93,460
Type:
Multi-family
MLS ID
A11893497
Virtual tour:
Listed by:
BHHS EWM Realty (EWM 04)
Listing office phone:
Listing office email:
Listing agent:
Ben Brissi (3288847)
Features
Utilities
Water source:
Public
Sewer:
Public Sewer
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.
Price history
$16,000,000 → $16,000,000
· 1 price changes
Location
249 Collins AveMiami Beach, FL 33139
MLS information
Last updated Jun 18, 2026
Deemed reliable but not guaranteed.
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