$16,000,000
Miami Beach, FL 33139
MLS# A11889965
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Property 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.
Details
Maps
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
Price Calculations
Current Price To SqFt: 1230.92
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: June - 18 - 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.
