ActiveResidential
249 Collins Ave, Miami Beach FL 33139
Miami Beach, FL 33139 · MLS #A11889965The residence
About this property
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.
At a glance
Property details
- Property type
- Residential
- Listing type
- For sale
- Status
- Active
- Lot size
- 13,000 sq. ft.
- Subdivision
- OCEAN BEACH FL SUB
- County
- Miami-Dade County
- Days on market
- 363
- Original list price
- $16,000,000
- Listing date
- October 3, 2025
- Annual property tax
- $93,460 (2024)
- Listing agent
- Ben Brissi
- Listing office
- BHHS EWM Realty
- MLS number
- A11889965
Neighborhood & location
Explore OCEAN BEACH FL SUB
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- School district
- Miami-Dade County Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $80,905
- Property taxes
- $7,788
- Homeowners insurance
- $8,000
- Estimated total
- $96,693
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
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Listing courtesy of BHHS EWM Realty, 305-674-4000.
Data provided by MIAMI Association of REALTORS®. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.