Home
Residential
Type
Listing courtesy of
BHHS EWM Realty
Ben Brissi
MLS® #A11889965
Listing information last updated June 18, 2026
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Overview
This residential in Miami Beach is listed for sale at $16,000,000.
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.
Listing history
Listed for sale
Oct 3, 2025 · MIAMI MLS
$16,000,000
Days on market
as of today
292 days
Building & financials
FROM MIAMI MLSThe carrying-cost and structural facts that close or kill a Miami deal — straight from the listing feed.
Annual property tax (2024)
$93,460
Dues, taxes, and association data per MIAMI MLS and public records; flood zone from FEMA NFHL. Verify with the HOA, county, and your insurer during due diligence.
Property details
MLS #A11889965
Price$16,000,000
TypeResidential
StatusFor Sale
Location
249 Collins Ave, Miami Beach FL 33139
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 292 days on market.
We do not advertise a “free” buyer’s agent; buyer-representation compensation is disclosed in writing. Bitcoin pricing is indicative and updates with the market — not financial, tax, or legal advice. Buyer to independently verify all measurements, assessments, and flood & insurance facts.