Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$16,000,000
 $85,891 est/mo Sourced by Back At You

249 Collins Avenue,Miami Beach, FL 33139

Miami Beach, FL 33139

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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.

Details

MLS #A11893497
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site328
Listing Provided ByBHHS EWM Realty | Ben Brissi

Features

SQ Feet16,421
Story(s)2
Building(s)1
Zoning3003
Acreage0.30

Exterior

Lot FeaturesCentral Business District, City Lot, Quarter To Half Acre Lot

Parking

Parking FeaturesOther

Taxes

Tax Annual Amount93460

Area Information

StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33139
Area2420
Listing VS Median (in 33139)
Price:
$16,000,000
low | high
Med:
$65,000
100% of Average
sqft:
16,421
low | high
Med:
5,642
100% of Average
$ / sqft:
$974
low | high
Med:
$12
100% of Average
On site:
328
low | high
Med:
198
100% of Average
Sourced by Back At You

Market Activity 33139

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33139
Area2420
Listing VS Median (in 33139)
Price:
$16,000,000
low | high
Med:
$65,000
100% of Average
sqft:
16,421
low | high
Med:
5,642
100% of Average
$ / sqft:
$974
low | high
Med:
$12
100% of Average
On site:
328
low | high
Med:
198
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $12M - $20M
sqft: 12,000 - 20,500
Nearby Listings Property ImageNearby Listings Details
205 Collins Avenue Property Photo 1
$15,950,000
205 Collins Avenue
Miami Beach, FL 33139
Listing Updated: June 18, 2026 at 5:45:10 PM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc