OCEAN BEACH FL SUB
249 Collins Ave, Miami Beach FL 33139
$16,000,000
Est. Payment $85,159/mo
181
Days on Market
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. RPS-3 Zoning.
Facts
- MLS#
- A11889965
- Subdivision
- OCEAN BEACH FL SUB
- Property Type
- Commercial Land
- Property Sub Type
- Residential
- Year Built
- —
- Lot Size
- 12,998 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 181 days
- Listed
- Oct 3, 2025
- Last Updated
- Apr 2, 2026
- Price/Lot Sq.Ft.
- $1,231/ft²
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Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Buyers market
May 2026
30
Median days to sold
-1.2%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 10/3/2025 | Listed for sale | $16,000,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Oak Hammock K-8 SchoolPK,KG,1,2,3,4,5,6,7,8 · public · 0.2 mi
- St. Lucie West K-8 School
KG,1,2,3,4,5,6,7,8 · public · 1.2 mi
- St. Lucie West Centennial High School
PK,9,10,11,12 · public · 1.4 mi
- Manatee Academy K-8
KG,1,2,3,4,5,6,7,8 · public · 1.4 mi
- Bayshore Elementary School
PK,KG,1,2,3,4,5 · public · 1.7 mi
- Sunlight Christian Academy Lower School, St. Lucie West
PK,TK,KG,1,2,3,4 · private · 2.2 mi
- SOMERSET ACADEMY BETHANY-0731
KG,1,2,3,4,5 · charter · 2.3 mi
- Kidzone Preschool Academy
PK,TK,KG,1,2,3,4,5 · private · 2.3 mi
- Barnabas Christian Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 2.5 mi
- Windmill Point Elementary School
PK,KG,1,2,3,4,5 · public · 2.5 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$98,642/mo
Principal & Interest
$85,159
Property Tax
$13,333
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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