Miami Beach, FL 33139 249 Collins Ave
$16,000,000
23 more
Presented By: This listing is courtesy of BHHS EWM Realty;
Beds • 17
Baths • 17
SQFT • 16,421
Home Details
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.
Presented By: This listing is courtesy of BHHS EWM Realty;
Interior Features for 249 Collins Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 249 Collins Ave
Additional Parcels Y/NNo
Architectural StyleDetached
Attached Garage No
Carport Y/NNo
CityMiami Beach
Construction MaterialsStucco
CountyMiami-Dade
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionOCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet13000.0
Lot Size UnitsSquareFeet
MLS Area42
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total17
Occupancy TypeTenant
Ok to LeaseMonthToMonth
PossessionClosingAndFunding
PostalCityMiami Beach
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofBuiltUp
Security FeaturesFenced
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount93460.0
Tax Year2024
Virtual TourClick here
Year Built1920
Year Built DetailsResale
Zoning Description3003
Exterior for 249 Collins Ave
Building Area Total16421.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area13000.0
Number of Buildings1
Number of Separate Electric Meters0
Parking FeaturesOther
Private PoolNo
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Graciela Romero
Realtor®
