Property 249 Collins Avenue, Miami Beach, FL 33139 for sale with MLS# A11893497

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.):
$974.36
Property Status and Type
Listing Type:
For Sale
Status:
Active
Business Type:
Retail
Listing Category:
Commercial Sale
Property Type:
Multi Family
Description of Last Important Update:
New Listing
Last Major Update on:
October 10, 2025 5:48 pm
Measures
Built-Up Area:
16,421 Sqft
Lot Size Acres:
0.3
Property Features
Security:
Security Fence
Building:
Free Standing
Construction
Year Built:
1920
Roof:
Built-up
Number of Buildings:
1
Construction Materials:
Stucco
Number of stories:
2
Structure Type:
Retail
Flood Zone Code:
AE
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$93,460.00
Tax Year:
2024
Parking
Parking Features:
Other
Utilities
Sewer:
Public Sewer
Water Source:
Public
Community
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
Listing History
Active on the market since:
October 10, 2025
Listing Agreement executed on:
October 10, 2025
Listing Status Last Changed On:
October 10, 2025 5:48 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
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®
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