249 Collins Ave ,Residential, Ocean Beach Fl Sub for Sale & Rent

249 Collins Ave for Sale & Rent

Price $16,000,000.00

• Lot size 13000
• Year Build
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

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.

OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1

Beach Area, City Location, Less Than 1 Acre

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.

City:Miami Beach,Zoning:3003,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.771817,Elevation:5,List Price:16000000,Listing Id:A11889965,Longitude:-80.13348,Mls Status:Active,Utilities:1:Sewer Connected,2:Water Connected,3:Electricity Available,4:Sewer Available,5:Trash Removal,6:Water Available,Current Use:1:Other Style,Postal Code:33139,Street Name:Collins Ave,Coordinates:1:25.771817,Lot Features:1:City Location,2:Less Than 1 Acre,Photos Count:28,Building Name:OCEAN BEACH FL SUB,Listing Terms:1:Conventional,Lot Size Acres:0.2984,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:Ocean Beach Fl Sub,On Market Date:2025-10-03,Parcel Number:02-42-03-003-0420,Property Type:Commercial Land,Street Number:249,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2026-05-31,Frontage Length:102,List Office Name:BHHS EWM Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Property Sub Type:Residential,State Or Province:FL,Subdivision Name:OCEAN BEACH FL SUB,Tax Annual Amount:93460,Unparsed Address:249 Collins Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:102x129,Lot Size Square Feet:13000,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:1230.7692,Original List Price:16000000,Public Survey Range:42,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2025-10-03,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Call Listing Agent,Street Number Numeric:249,Tax Legal Description:OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1,Gross Scheduled Income:467900,M I A M I R E_ Current Price:16000000,M I A M I R E_ Jurisdiction:City,Public Survey Township:42,M I A M I R E_ Municipal Code:2,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Ultra Rare South of Fifth development opportunity! This 13,000 SF lot includes 249 Collins Ave, 255 Collins Ave & 247 Ocean Ct.,M I A M I R E_ Parcel Number M L X:0420,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.771827$-80.133265$218.04$13.33$1.00$3OgLsQd7_2iS3sHf38cm7A,Contract Status Change Date:2025-10-03,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:3,M I A M I R E_ Environmental Audit:Unknown,M I A M I R E_ Agent Alternate Phone:561-870-2211,M I A M I R E_ Inc Exp Statement Period:0,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:249 Collins Ave,Internet Automated Valuation Display Y N:1,