249 Collins Avenue
Miami Beach, FL 33139
0.30Acre(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
Map
Map
What's Nearby
Nearby Areas
Features
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Lot Information
Lot Dimensions: 13000 Lot Size Acres: 0.3 Lot Size Square Feet: 13,000 Lot Description: CityLotProperty Information
Subdivision: OCEAN BEACH FL SUB Source Property Type: Land Property SubType: Unimproved Land
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Listing Price Information
Listing Price: $16000000Cash, Conventional
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Tax Information
Parcel Number: 0242030030420 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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School Information
Elementary School: Miami Beach South Pointe Junior High School: Miami Beach Nautilus Senior High School: Miami Beach -
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 |
|---|---|---|---|---|---|
| 18TH ST Michigan Ave, Miami Beach, FL, 33139 | $8,999,999 | -- | -- | -- | Acres (Lot)-- |
| 36 Star Island Dr, Miami Beach, FL, 33139 | $50,000,000 | -- | -- | -- | 40,000 Sqft(Lot) |
| 1728 Lenox Ave, Miami Beach, FL, 33139 | $2,200,000 | -- | -- | -- | 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) |
| 1485 Bay Rd, Miami Beach, FL, 33139 | $3,499,000 | -- | -- | -- | 5,600 Sqft(Lot) |
| 1331 14th Ter, Miami Beach, FL, 33139 | $2,599,000 | -- | -- | -- | 5,000 Sqft(Lot) |
| 1543 Washington Ave, Miami Beach, FL, 33139 | $9,900,000 | -- | -- | -- | 17,500 Sqft(Lot) |
| 918 4th Street, Miami Beach, FL, 33139 | $4,200,000 | -- | -- | -- | Acres (Lot)-- |
| 935 2nd Street, Miami Beach, FL, 33139 | $2,600,000 | -- | -- | -- | Acres (Lot)-- |
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ByOwner last updated this listing 06/14/2026 @ 10:03
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