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249 Collins Avenue, Miami Beach, FL 33139

$16,000,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11893497

Property Type: Commercial Sale Square Footage: 16,421 Status: Active

Current Price: $16,000,000 List Date: 10/10/2025 Last Modified: 6/17/2026

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# A11893497

General Property Information

Number Of Buildings: Yes
Property Sub Type: Multi Family
Occupant Type: Tenant
Building Area Main: 16421
Year Built: 1920
Lot Size Area: 13000
Lot Size Acres: 0.3
Stories Total: 2
Price Per Unit: 0

Property Features

Building Features: Free Standing Business Type: Retail Location of Property: Central Business District; City Location Parking Features: Other Possession: Negotiable Property Condition: Resale Sale Includes: Building; Land Construction Materials: Stucco Listing Terms: Cash; Conventional Roof: Built-Up Security Features: Security Fence Sewer: Public Sewer Structure Type: Retail Water Source: Public Showing Requirements: Call Listing Agent Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 16000000

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
Area: 2420
Parcel Number: 0242030030420
Subdivision Number: 3
Zoning: 3003
Flood Zone: AE

Financial Information

Tax Annual Amount: 93460
Tax Year: 2024
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: 2025-10-10T17:48:33Z
Major Change Type: New Listing
Status Change Date: 2025-10-10

More Information

Building and Property Details

# Of Tenants: 17
Improvement Height: 2 Stories

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Occupancy Percentage: 100

Price Calculations

Current Price To SqFt: 974.36

Section Details

Parcel Number MLX: 0420

Originating Details

Originating System Key: 421653327
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Parking Features

Other: Yes

Property Condition

Resale: Yes

Structure Type

Retail: Yes

Location of Property

Central Business District: Yes
City Location: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Building Features

Free Standing: Yes

Business Type

Retail: Yes

Sale Includes

Building: Yes
Land: Yes

Construction Materials

Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Built-Up: Yes

Security Features

Security Fence: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Listing Office: BHHS EWM Realty

Last Updated: June - 17 - 2026

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