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249 Collins Avenue, Miami Beach, FL 33139

$16,000,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11889965

Property Type: Land & Docks Lot Size (sq. ft.): 13,000 Status: Active

Current Price: $16,000,000 List Date: 10/03/2025 Last Modified: 5/19/2026

Description

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.

More Information MLS# A11889965

Contract Information

Comp Sale YN: No LP/Acre: 53619302.95 LP/Frontage: 156862.75 Listing Date: 2025-10-03 Status: Active Original List Price: 16000000 List Price: $16,000,000 Current Price: $16,000,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Beach Municipal Code: 2 Postal Zip: 33139 Subdivision Number: 3 Multiple Offers Accepted: No Flood Zone: AE Country: United States Street Number: 249 Street Name: Collins Street Suffix: Avenue State Or Province: FL Postal Code: 33139 Subdivision Name: OCEAN BEACH FL SUB Area: 2420 Elementary School: Miami Beach South Pointe Middle Or Junior School: Miami Beach Nautilus High School: Miami Beach Parcel Number: 0242030030420 Zoning: 3003

General Property Information

Lot Size Dimensions: 13000 Lot Depth: 129 Lot Frontage: 102 LP/SqFt: 1230.77 Property Sub Type: Unimproved Land Lot Size Acres: 0.3 Lot Size Square Feet: 13000

Office/Member Information

DXORIGMLSID: SEF

Comprehensive Plan Use

Central Urban: 1

Current Use

Other: 1

Environmental Audit

Unknown: 1

Location of Property

City Location: 1

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Special Information

City Jurisdiction: 1

Utilities

Electricity Available: 1 Sewer Available: 1 Water Available: 1 Trash Removal: 1

Water View

Beach: 1

Listing Terms

Cash: 1 Conventional: 1

Road Frontage Type

Public Road: 1

Road Surface Type

Alley Paved: 1

Water Source

Public: 1

Income and Expenses

Inc/Exp Statement Period: 0 Gross Scheduled Income: 467900

Source Of Expenses

Owner Provided: 1

Showing Requirements

Call Listing Agent: 1

Section Details

Parcel Number MLX: 0420

Elevation Description

5-10 Feet Above Sea Level: 1

Financial Information

Tax Year: 2024 Tax Annual Amount: 93460 Tax Legal Description: OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1

Status Change Information

Major Change Timestamp: 2025-10-03T20:31:41Z Major Change Type: New Listing Status Change Date: 2025-10-03

Originating Details

Originating System Key: 421403636 Originating System ID: M00000151

Property Features

Comprehensive Plan Use: Central Urban Current Use: Other Environmental Audit: Unknown Location of Property: City Location Possession: Negotiable Sewer: Public Sewer Special Information: City Jurisdiction Utilities: Electricity Available; Sewer Available; Water Available; Trash Removal Source Of Expenses: Owner Provided Listing Terms: Cash; Conventional Road Frontage Type: Public Road Road Surface Type: Alley Paved Water Source: Public Water View: Beach Showing Requirements: Call Listing Agent Elevation Description: 5-10 Feet Above Sea Level

Listing Office: BHHS EWM Realty

Last Updated: May - 19 - 2026

249 Collins Avenue, Miami Beach, FL 33139- MLS# A11889965

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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