$16,000,000
249 Collins Ave, Miami Beach FL 33139
Miami Beach, FL, 33139
- Lot Size
- 0.2984 acres
- Property Type
- Residential
- Annual Taxes
- $93,460/yr
- MLS #
- A11889965
Market Position
Using 13 of 13 matching comparables
Lower percentile = priced below more of the sampled comparison set.
- List price
- $16,000,000 · area median: $2,000,000
- Days on market
- 258 · area median: 117
Computed from active comparable listings of the same type and similar size within about 10 miles.
Calculated: Jul 27, 2026 · Newest source update: Jul 14, 2026
Listing courtesy of BHHS EWM Realty · ben@brissigroup.com
Listed by Ben Brissi
Last updated: Jun 18, 2026
Overview
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.
est.$88,693/mo
Est. payment based on a $16,000,000 home price.
Estimate includes principal & interest, property tax and HOA where known — it excludes insurance, PMI, flood/wind, CDD and special assessments. For information only; actual amounts vary.
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