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Land in Miami Beach, FL 33139The Beach House, 255 Collins Ave
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$16,000,000
Beds
0.3
Acre$53,333,333
$/AcreLand
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.
MLS Number: A11889965
On Site: 348 Days
Updated: 90 Days ago
Page Views: 0
Features
All features
- Current Use: Other
- 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.
- Waterfront: No info
- Days on Market: 258
- Office Name: BHHS EWM Realty
- Area: 13000
- Taxes: 93460
- Tax Year: 2024
- Listing Date: 2025-10-03T16:17:24.000-00:00
- 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
$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 • BHHS EWM Realty • Buyer Agency Compensation .
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Scores
84
100
49
100
84
100
75
100
0
100
33
100
1
100
Community Snapshot
$16M – $16M
Price Tier
7,056 - 15,457
SqFt Range
1930
Year Build
Miami Beach Ultra Luxury Ultra Luxury Homes & Condos
- 1 Hotel & Homes Condo26
- 1500 Ocean Drive Condo6
- 200 Ocean Drive Condo0
- 300 Collins Condo2
- 321 Ocean Condo0
- Akoya Condo9
- Alton Beach Bay Front Mixed7
- Apogee Condo1
- Armitage Place Condo2
- Bay Garden Manor Condo0
- Beach Colony Mixed0
- Beach House 8 Condo0
- Beach View House11
- Belle Towers Condo1
- Biscayne Point House11
- Blue Diamond Condo6
- Capobella Condo5
- Capri South Beach Condo5
- Chatham At Aqua Condo2
- Continuum On South Beach The North Tower Condo4
- Continuum On South Beach The South Tower Condo11
- Di Lido Island House7
- Eighty Seven Park Condo5
- Faena House Condo1
- Five Park Condo9
- Flamingo Terrace House2
- Gorlin At Aqua Condo2
- Green Diamond Condo4
- Haynsworth Beach Mixed0
- Hibiscus Island Mixed10
- Hilton Bentley Condo0
- Icon South Beach Condo4
- Il Villaggio On South Beach Condo4
- Indian Creek House1
- Kerr & Williams House1
- La Gorce Golf House10
- La Gorce Island House1
- Lake View Heights House2
- L´Atelier Condo1
- Marea Condo1
- Mark Lands House0
- Mei Condo12
- Meridian Place Mixed1
- Mid Golf Mixed5
- Monaco Yacht Club Condo3
- Monad Terrace Condo4
- Mosaic On Miami Beach Condo2
- Murano At Portofino Condo3
- Murano Grande At Portofino Condo5
- North Carillon Beach Condo15
- Ocean House At South Beach Condo0
- Ocean Place Condo1
- Ocean Walk On South Beach Condo5
- Oceancodo Condo0
- One Ocean Condo2
- Palau Sunset Harbour Condo3
- Pine Tree Drive House0
- Portofino Tower Condo11
- Riviera House5
- Rivo Alto House5
- Roney Palace Condo50
- San Marino Island House2
- Setai Resort & Residences Condo19
- Sorrento Tower Condo27
- South Carillon Beach Condo9
- South Pointe Towers Condo5
- Sunset Islands House4
- Sunset Lake House4
- The Bentley Bay South Condo2
- The Caribbean Condo5
- The Grand Venetian Condo3
- The Residences At The Bath Club Condo6
- The Residences At W South Beach Condo4
- The Ritz-Carlton South Beach Condo5
- The Villas At The Ritz-Carlton House3
- Tresor Tower Condo15
- Yacht Club At Portofino Condo9
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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