Unimproved Land in 249 Collins Avenue, Miami Beach, FL 33139 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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249 Collins Avenue, Miami Beach, FL 33139

Price
Price:
$16,000,000.00
Original List Price:
$16,000,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,230.92
List Price per Sq Ft (Calculated, Approx.):
$1,230.77
Business Info
Gross Scheduled Income:
467900
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
New Listing
Last Major Update on:
October 3, 2025 8:31 pm
Other Special Conditions:
City Jurisdiction
Measures
Lot Area:
13,000 Sqft
Lot Size Dimensions and Info:
13000
Lot Size Acres:
0.2984
Property Features
View from the Property:
Beach
Waterfront:
No
Current Use:
Other
Construction
Road Frontage Type:
Public Road
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$93,460.00
Tax Year:
2024
Utilities
Sewer:
Public Sewer
Utilities Available:
Electricity Available, Sewer Available, Water Available, Trash Removal
Water Source:
Public
Community
Subdivision Name:
OCEAN BEACH FL SUB
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable
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):
0242030030420
Zoning:
3003
Public Schools Assigned
Elementary School:
Bel-aire
High School:
Miami Beach
Middle Or Junior School:
Miami Beach Nautilus
Listing History
Active on the market since:
October 3, 2025
Listing Agreement executed on:
October 3, 2025
Listing Status Last Changed On:
October 3, 2025 8:31 pm
Photos updated on:
June 18, 2026 3:23 pm
Last Modified:
June 18, 2026 3:23 pm
Additional Information
Courtesy of:
BHHS EWM Realty
Attribution:
Not provided
Road Surface Type:
Alley Paved
Location
Street Name:
Collins
Street Number:
249
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 18.6''
Longitude:
W81° 52' 0.2''
Street Suffix:
Avenue
Property Map

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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) 35 Good
☀️ O3 35 Good
🫁 PM2.5 35 Good
Ver la Propiedad Ver la propiedad 249 Collins Avenue, Miami Beach, FL 33139
Association of REALTORS®
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.