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Status:
Active
Size: 0.3 Acres (1,208 m2)
Price: $53,333,333/Acre ($13,248/m2)
Type: Land
MLS Number: A11889965
On Site: 185 Days
Updated: 4 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 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.
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: 181
- 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
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Price History
10/03/2025
Date
Listed
Event
$16M
Price
$1,231 ft2 / $13,248 m2
Price Per
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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