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249 Collins Ave Miami Beach, FL $ 16,000,000
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$ 16,000,000 Get more info
249 Collins Ave
$ 16,000,000
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249 Collins Ave

Miami Beach, FL, 33139
$ 16,000,000
Bedrooms17 Baths17.0 Sq 16,421

Monthly Estimate*

$ 99,819

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Commercial Property for sale in Miami Beach, FL

for $16,000,000 with 17 bedrooms and 17 full baths. This 16,421 square foot building was built in 1920.

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.

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Commercial Active

Price

$ 16,000,000

Bedrooms

17

Full Bath

17

Property Type

Commercial

Taxes

$ 93,460

Style

Year Built

1920

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11893497
Features
General
Sewer Public Sewer
Possession Closing & Funding
Roof Built-Up
Architectural Style Detached
Security Features Fenced
Construction Materials Stucco
Year Built 1920
Stories Count 2
Levels Two
Property Subtype Multi Family
Tax Year 2024
County Miami-Dade
Property Type Commercial Sale
Full Baths 17
Status Active
City Miami Beach
Zoning Description 3003
Number Of Units Total 17
MLS Area 42
Lot Size Units Square Feet
Lot Size Square Feet 13000
Listing Terms Cash Conventional
Year Built Details Resale
Tax Annual Amount 93460
Ok to Lease Month To Month
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11893497
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Multi Family
Legal Description OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1
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Interior
Total Bedrooms 17
Total Baths 0
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Exterior
Parking Features Other
Water Source Public
Lot Size Area 13000
Number of Buildings 1
Building Area Total 16421
Waterfront Y/N false
Covered Spaces 0
Number of Separate Electric Meters 0
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* Excluded Features
List By
Bhhs Ewm Realty

Broker

ben@brissigroup.com

Email

Affordability Calculator

$107,608
Per Month
93%
7%
0%
Monthly Principal & Interest
$99,819
Monthly Property Taxes
$7,788
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/22/2025$16,000,000 Listed Price

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249 Collins Ave, Miami Beach, FL, 33139 is a Commercial Property for sale at $16,000,000 with 16,421 sqft. 249 Collins Ave has 17 bedrooms, 17.0 baths, and was built in 1920. The property's zip code is 33139 which is in Miami Beach, FL

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