249 Collins Avenue, Miami Beach, FL 33139 (MLS# A11889965)

249 Collins Avenue, Miami Beach, FL 33139

$16,000,000
Property Type: Land & Docks Lot Size (sq. ft.): 13,000 Status: Active
Current Price: $16,000,000 List Date: 10/03/2025 Last Modified: 6/14/2026

Overview

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.

Listing Details MLS# A11889965

General Property Information

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

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

Contract Information

Comp Sale YN
No
Original List Price
16000000
LP/Acre
53619302.95
LP/Frontage
156862.75

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
249
Street Name
Collins
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Zip
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
Subdivision Number
3
Multiple Offers Accepted
No
Zoning
3003
Flood Zone
AE

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

More Information

Income and Expenses

Gross Scheduled Income
467900
Inc/Exp Statement Period
No

Price Calculations

Current Price To SqFt
1230.92

Section Details

Parcel Number MLX
0420

Originating Details

Originating System Key
421403636
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Comprehensive Plan Use

Central Urban
Yes

Current Use

Other
Yes

Environmental Audit

Unknown
Yes

Location of Property

City Location
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Special Information

City Jurisdiction
Yes

Utilities

Electricity Available
Yes
Sewer Available
Yes
Water Available
Yes
Trash Removal
Yes

Water View

Beach
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Road Frontage Type

Public Road
Yes

Road Surface Type

Alley Paved
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Showing Requirements

Call Listing Agent
Yes

Elevation Description

5-10 Feet Above Sea Level
Yes
IDX
Listing Office: BHHS EWM Realty
Last Updated: June - 14 - 2026
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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