249 Collins Ave Miami Beach, FL 33139
16,421 Sq. Ft. / 13,068 Sq. Ft., 0.3 acres lot size / Multi-Family
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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.
property details
Type
Multi-Family
Status
Active
County
Miami-Dade
Year Built
1920
Sq. Ft.
16,421
Lot Size
13,068 Sq. Ft., 0.3 acres
Listing Id
A11893497
Courtesy Of
Ben Brissi - BHHS EWM Realty [email protected]
List Office Phone
+1 (305) 674-4000
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Parking
Other
Stories
2
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Building Area Total
16,421 Sq. Ft.
Architectural Style
2 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
10/10/2025
10/10/2025
|
Active |
$16,000,000
|
Miami/Jupiter-Tequesta-Hobe Sound MLS |
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Market Trends
Source: Constellation1
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