Directions
MLS # :A11893497 |
Price :$16,000,000 |
Status :
|
Listing Date :Oct 10, 2025 |
Square Footage :Not Available |
County :Miami-Dade County |
Square Footage :Not Available |
Year Built :1920 |
Taxes :$93,460 Per Year |
Waterfront :No |
Virtual Tour :
|
|
Remarks :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. |
|
Continue Your Search : |
|
Call: 305-998-9922
Sunny Realty
Disclaimer: Data provided is deemed reliable but not guaranteed. Sunny Realty is not responsible for the accuracy of the information
listed above. The data relating to real estate for sale, rent or sold on this web site comes from the Internet Data Exchange Program, South East
Florida Regional MLS, presented by Sunny Realty, courtesy of and is provided here for consumers personal, non-commercial use. It may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other
than the office owning this web site are marked with the IDX logo.
