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Listed price in listed location currency (USD).
$16,000,000

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $93,460
Days Active 0
Approx. Age 1920
MLS® Number A11893497

Property Address: 249 Collins Ave, Miami Beach, FL, 33139-7108

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberA11893497
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building & Land

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 10, 2025List Date
$16,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
249 Collins Ave, Miami Beach, FL

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