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Residential at OCEAN BEACH FL SUB in Miami Beach

$16,000,000

Brickellsold Estimate* (fallback: list price)$16,000,000 (list price)

Listing courtesy of BHHS EWM Realty; Ben Brissi. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.

For Sale
bedrooms

n/a

bathrooms

n/a

Square Footage

n/a

Type of Property

Residential, Commercial Land

Details

Overview

Sub Type
Residential
Taxes
$93,460/yr

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.

This residential home located at 249 Collins Ave, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 258 days. This property is listed at $16M. It has N/A beds, N/A bathrooms, and is N/A square feet. 249 Collins Ave, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.

Interior

Features
  • Flooring:
  • Common walls with other units/homes:
Heating
Cooling
Appliances

Property

Parking
  • Parking Features:
Parcel Number
02-42-03-003-0420
Features
  • Entry location:
  • Exterior Features:
  • View Description:

Construction

Property subtype
Residential, Commercial Land
Materials
Condition

    Community & HOA

    Community
    • Security Features:
    • Subdivision: OCEAN BEACH FL SUB
    HOA
    • Amenities:
    Region
    Miami Beach

    Financial

    Taxes
    $93,460/yr
    On Market Date
    10/2/2025
    Listing Terms
    All Cash, Conventional

    Metadata

    Added
    10/3/2025
    Updated
    6/18/2026
    MLS#
    A11889965
    Days on Market
    258
    Listed By
    BHHS EWM Realty
    Originating MLS
    A-Miami Association of REALTORS

    Neighborhood Insights

    School and crime data are from public sources and are informational only.

    Nearby Schools

    Within 5 miles

    • Miami Beach South Pointe Elementary • 0.0 mi • K-12
    • Miami Beach Fienberg/Fisher K-8 Center • 0.0 mi • K-12
    • Miami Beach Adult & Community Education Center • 0.0 mi • K-12
    • Miami Beach Senior High • 0.0 mi • K-12
    • North Beach Elementary • 0.0 mi • K-12
    • Miami Beach Nautilus Middle • 0.0 mi • K-12

    Nearby Hospitals

    Within 3 miles

    No nearby hospitals found.

    Crime Overview

    Crime data unavailable for this area.

    Map

    Price History

    EventPriceDate
    Original list price$16,000,000Oct 3, 2025

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