Brickellsold home page
Brickellsold logo

Income/MultiFamily 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

Income/MultiFamily, Commercial Sale

Details

Overview

Sub Type
Income/MultiFamily
Built In
1920
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 income/multifamily home located at 249 Collins Ave, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 251 days. This property is listed at $16M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1920. 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
Total structure area
16,421

Property

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

Construction

Property subtype
Income/MultiFamily, Commercial Sale
Materials
Stucco
Condition
  • Year Built: 1920

Community & HOA

Community
  • Security Features: Security Fence
HOA
  • Amenities:
Region
Miami Beach

Financial

Taxes
$93,460/yr
On Market Date
10/9/2025
Listing Terms
All Cash, Conventional/Refinance

Metadata

Added
10/10/2025
Updated
6/18/2026
MLS#
A11893497
Days on Market
251
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 10, 2025

BrickellSold Intelligence

Unlock the complete property report

See a fair-value range, recent comparable-sales analysis, building performance, estimated ownership costs, rental returns and current market leverage.

Create a free account

Explore real estate near Miami Beach

Compare this income/multifamily with current Miami Beach, FL inventory, nearby properties, local market context, and practical Miami buyer guidance. Listing prices and availability are refreshed from the MLS.