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The Beach House, 249 Collins Ave Land in Miami Beach, FL 33139
$16,000,000
0.3
AcreStatus
Active
Size
0.3 Acres (1,208 m2)
Price
$53,333,333/Acre ($13,248/m2)
Type
Land
MLS Number
A11889965
View
Beach
On Site
265 Days
Updated
7 Days ago
Page Views
0
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 deve... Read more
Features
All features
- Current Use: Other
- Approx SqFt Total Area: 13000
- Property SqFt: 13000
- 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. RPS-3 Zoning.
- Internet 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. RPS-3 Zoning.
- View: Beach
- Waterfront: No info
- Days on Market: 258
- Office Name: BHHS EWM Realty
- Taxes: 93460
- Tax Year: 2024
- Listing Date: 2025-10-03T17:17:24.000-00:00
- Lot Size Square Feet: 13000
Apples-to-Apples Comparables
Price History
Current
$16M
High
$16M
Low
$16M
Total Change
0%Date
Event
Price
Change
Price Per
06/12/2026
Price Reduced
$16M
0%$1,231 ft2
$13,248 m2
10/03/2025
Listed
$16M
Ā $1,231 ft2
$13,248 m2
06/12/2026
$16M
Event
Price Reduced
Change
0%Price Per
$1,231 ft2
$13,248 m2
10/03/2025
$16M
Event
Listed
Price Per
$1,231 ft2
$13,248 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Ben Brissi ā¢ BHHS EWM Realty ā¢ Buyer Agency Compensation .
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Community Snapshot
N/A
Bedrooms
$16M to $16M
Price Tier
7,056 - 15,457
SqFt Range
1930
Year Build
N/A
Total Floors
N/A
Total Units
N/A
Total Sales
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