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.

Overview

At a glance

Property Type: Land & Docks
Property Sub-Type: Unimproved Land
Address: 249 Collins Avenue, Miami Beach, FL 33139
Zoning: 3003
MLS ID: A11889965
Listing Date: 2025-10-03
Last Updated: 5/19/2026, 9:12:33 PM
Days on Market: 250
Subdivision: OCEAN BEACH FL SUB

Features & Amenities

The Details

Exterior

Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Sewer Available, Water Available, Trash Removal

Details

Lot Size (Acres): 0.2984 acres
Subdivision: OCEAN BEACH FL SUB
View: Beach
County: Miami-Dade
Zoning: 3003

Financial

List Price: $16,000,000
Original List Price: $16,000,000
Annual Tax: $93,460/yr
Tax Year: 2024

Location

Your agent

Stephanie Mordes

VP — Sales

(561) 571-8666 stephanie@aquantisrealty.com

Inquire

Request a Private Showing

Information & Accuracy

All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.