249 Collins AVE, Miami Beach, FL 33139
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249 Collins AVE, Miami Beach, FL 33139
249 Collins AVE, Miami Beach, FL 33139
249 Collins AVE, Miami Beach, FL 33139
249 Collins AVE, Miami Beach, FL 33139
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Sofia Nina

Sofia Nina

+1(754) 277-0580
$ 16,000,000
Est. payment /mo
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Active

249 Collins AVE Miami Beach, FL 33139

0.3 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Ocean Beach Fl Sub

MLS Listing ID A11889965

HOA Y/N No

Annual Tax Amount $93,460

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Unimproved Land

Property Description

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.

Location

State FL

County Miami-dade

Area 2420

Zoning 3003

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available

View Y/N Yes

Water Access Desc Public

View Beach

Present Use Other

Street Surface Alley Paved

Road Frontage Public Road

Building

Lot Description City Lot

Sewer Public Sewer

Water Public

Schools

Elementary Schools Miami Beach South Pointe

Middle Schools Miami Beach Nautilus

High Schools Miami Beach

Others

Restrictions City Restrictions

Tax ID 0242030030420

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11889965

BeachesMLS, Inc. (FLR) IDX
Listed by Ben Brissi BHHS EWM Realty

NEARBY SCHOOLS & PROPERTIES

Sofia Nina

Sofia Nina

Advisor | License ID: 3524728

+1(754) 277-0580

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249 Collins AVE