249 Collins Ave, Miami Beach, FL 33139
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: ben brissi, zachary joslin
Office: bhhs ewm realty
MLS#:A11889965
Source:SEFMLS
Price summary
- Price:$16,000,000
About this home
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.
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Home facts
- Listing ID #:A11889965
- Updated:December 01, 2025 at 10:58 AM
Structure and exterior
- Lot area:0.3 Acres
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$16,000,000
- Tax amount:$93,460 (2024)
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