Homes for sale in Miami Beach
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Income/MultiFamily
249 Collins Ave
Miami Beach, FL 33139
$16,000,000
- Year built
- 1920
Listing courtesy of Ben Brissi, BHHS EWM Realty
About this home
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
Property
- Type
- Income/MultiFamily
- Year built
- 1920
- Stories
- 2
- Lot size
- 13,000 sq ft
- County
- Miami-Dade County
- Flood zone
- AE
Exterior and parking
- Construction
- Stucco
- Roof
- Built-Up
Community and fees
- Security
- Security Fence
- Annual taxes
- $93,460
- Terms
- All Cash, Conventional/Refinance
- Lease term
- Month To Month
Neighborhood
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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.
Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 30, 2026.