Residential Land for Sale in Miami Beach, Florida
249 Collins Ave, Miami Beach, FL 33139
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.
Location
- Street address
- 249 Collins Ave
- County
- Miami-Dade County
- Community
- Ocean Beach FL Sub
- Elevation
- 6 feet
Property details
- Lot size
- 0.298 acres12,981 sq ft
- MLS #
- MAOR A11889965
- Posted
Property taxes
- 2024
- $93,460
Parcels
- 02-42-03-003-0420
Legal description
OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1
Resources
Details and features
Listing
- Type
- Land
Structure
- Water
- Public
- Sewer
- Public Sewer
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 4, 2025 | New listing | $16,000,000 | — | MAOR |