Residential in 249 Collins Ave Miami Beach for sale with MLS# A11889965

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.

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Days on the market

249 Collins Ave, Miami Beach, FL 33139

Price
Price:
$16,000,000.00
Original List Price:
$16,000,000.00
Business Info
Gross Scheduled Income:
467900
Financial Data Source:
Owner
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Land
Property Type:
Residential
MLS Number:
A11889965
Description of Last Important Update:
New Listing
Last Major Update on:
October 3, 2025 4:17 pm
Measures
Lot Area:
13,000 Sqft
Lot Size Dimensions and Info:
102x129
Lot Size Unit:
Square Feet
Lot Features:
Less Than One Acre
Lot Size Acres:
0.2984
Property Features
Waterfront:
No
Current Use:
Other
Road Responsibility:
Public Maintained Road
Taxes and Expenses
Tax Annual Amount:
$93,460.00
Tax Year:
2024
Parking
Covered Spaces:
0
Utilities
Sewer:
Public Sewer
Utilities Available:
Electricity Available, Sewer Available, Water Available, Trash Collection
Water Source:
Public
Community
Subdivision Name:
OCEAN BEACH FL SUB
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Closing And Funding
Lease Considered:
No
Zoning and Legal
Tax Legal Description:
OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1
Real Estate Folio Number (Parcel Number):
02-42-03-003-0420
Zoning Description:
3003
Listing History
Originally published on:
October 3, 2025 4:17 pm
Active on the market since:
October 3, 2025
Price change occurred on:
October 3, 2025 4:00 pm
Listing Status Last Changed On:
October 3, 2025 4:17 pm
Photos updated on:
October 10, 2025 6:39 pm
Last Modified:
April 2, 2026 8:47 pm
Additional Information
Flood Zone:
AE
Municipal Code:
2
Subdivision Number:
3
Courtesy of:
BHHS EWM Realty
Attribution:
ben@brissigroup.com
Location
Street Name:
Collins Ave
Street Number:
249
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 18.6''
Longitude:
W81° 52' 0.3''
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 50 Good
🫁 PM2.5 50 Good

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Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.