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
Price:
$16,000,000
MLS #:
A11889965
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Residential
Subdivision:
OCEAN BEACH FL SUB
Neighborhood:
oceanbeachflsub
Listed Date:
Oct 3, 2025
Lot Size:
13,000 sqft / 0.30 acres (approx)
See this Listing
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$93,460
Map
Community
- Address249 Collins Ave Miami Beach FL
- SubdivisionOCEAN BEACH FL SUB
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
Market Summary
Current real estate data for Single Family in Miami Beach as of Mar 06, 2026
374
Single Family Listed
181
Avg DOM
2,070
Avg $ / SqFt
$10,673,961
Avg List Price
Property Summary
- Located in the OCEAN BEACH FL SUB subdivision, 249 Collins Ave Miami Beach FL is a Single Family for sale in Miami Beach, FL, 33139. It is listed for $16,000,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space.The average price per square foot for Single Family listings in Miami Beach is $2,070. The average listing price for Single Family in Miami Beach is $10,673,961.
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