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For Sale
Listed on October 3, 2025

249 Collins Ave

$16,000,000
0 Beds
0 Baths
13,000 sqft
0 Parkings
Lot size
13,000 sqft
Annual Tax
$93,460
Occupancy
-
Year Built
-
Property type
Other
#MLS
A11889965

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.

BHHS EWM Realty

Features & Details

Learn about the features and details of 249 Collins Ave

Property Details

  • Property Type
    Residential
  • Living Area
    -
  • Year Built
    Year Built
  • Lot Size
    13,000 sqft
  • Stories
    -
  • Annual Tax
    $93,460.00
  • List Date
    10/3/2025
  • Updated
    10/4/2025
  • Last Checked
    Recent
  • MLS Number
    #A11889965
  • Brokerage
    BHHS EWM Realty
  • Postal Code
    33139
  • Area
    Miami-Dade
  • City
    Miami Beach

Additional Property Features

  • Occupancy
    Available
  • List Price
    $16,000,000.00
  • Unit Number
    -
  • Construction
    Construction
  • Heating
    Heating
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    No
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    No
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2024
  • Assignment
    No
  • Extras Included
    None

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 249 Collins Ave

Virtual Tour

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Real estate trends

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Explore Miami-Dade

Learn about the area around 249 Collins Ave

Mortgage Calculator
Estimate monthly payments for 249 Collins Ave
$0
20.0%
$16,000,000
1%
5.25%
10%
Estimated Monthly Payment

$76,704

Cash Flow Analysis
Mortgage Payment:
$76,703.71
Monthly Payment:
$84,492.04
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.

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About this property

Discover this exceptional residential in the heart of Miami Beach. Offered at $16,000,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About 249 Collins Ave

Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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249 Collins Ave