249 Collins Ave
Miami Beach, FL 33139
13,000Sqft(Lot)
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.
Property Details
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Map
What's Nearby
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Features
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Lot Information
Lot Dimensions: 102x129 Main Square Feet: 13000 Lot Size Acres: 0.2984 Lot Size Square Feet: 13,000 Lot Description: LessThanOneAcreProperty Information
Subdivision: OCEAN BEACH FL SUB Source Property Type: Land Zoning Description: 3003 Property SubType: Residential
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Listing Price Information
Listing Price: $16000000Cash, Conventional
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Tax Information
Parcel Number: 02-42-03-003-0420 Tax Year: 2024 Annual Tax: $93460 Tax Legal Desc: OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1
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Utility Information
ElectricityAvailable, SewerAvailable, TrashCollection, WaterAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 455 W Dilido Dr, Miami Beach, FL, 33139 | $3,250,000 | -- | -- | -- | 7,500 Sqft(Lot) |
| 6 S Hibiscus Dr, Miami Beach, FL, 33139 | $24,000,000 | -- | -- | -- | 19,717 Sqft(Lot) |
| 918 4th St, Miami Beach, FL, 33139 | $4,200,000 | -- | -- | -- | 3,498 Sqft(Lot) |
| 935 2nd St, Miami Beach, FL, 33139 | $2,600,000 | -- | -- | -- | 4,000 Sqft(Lot) |
| 18TH ST Michigan Ave, Miami Beach, FL, 33139 | $8,999,999 | -- | -- | -- | Acres (Lot)-- |
| 444 W Rivo Alto Dr, Miami Beach, FL, 33139 | $17,450,000 | -- | -- | -- | 13,382 Sqft(Lot) |
| 36 Star Island Dr, Miami Beach, FL, 33139 | $50,000,000 | -- | -- | -- | 40,000 Sqft(Lot) |
| 1728 Lenox Ave, Miami Beach, FL, 33139 | $2,350,000 | -- | -- | -- | 7,500 Sqft(Lot) |
| 8-10 Century Ln, Miami Beach, FL, 33139 | $12,500,000 | -- | -- | -- | 10,331 Sqft(Lot) |
| 8-10 Century Ln, Miami Beach, FL, 33139 | $12,500,000 | -- | -- | -- | 10,331 Sqft(Lot) |
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ByOwner last updated this listing 06/06/2026 @ 08:40
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