249 Collins Ave, Miami Beach, FL 33139
249 Collins Ave, Miami Beach, FL 33139
249 Collins Ave, Miami Beach, FL 33139
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Kate Zhurko

Kate Zhurko

+1(954) 734-5980
$16,000,000
Est. payment /mo
16,421 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,421 sqft

Price per Sqft $974

MLS Listing ID A11893497

Style Detached

HOA Y/N No

Year Built 1920

Annual Tax Amount $93,460

Tax Year 2024

Lot Size 0.298 Acres

Property Sub-Type Multi Family

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 42

Exterior

Roof Type Built-Up

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Detached

Level or Stories Two

Structure Type Stucco

Others

Tax ID 02-42-03-003-0420

Security Features Fenced

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11893497

Read Less Info
Miami Association of Realtors (SEFMIAMI MLS)
Listed by BHHS EWM Realty

Nearby School & Business

Get More Information

Kate Zhurko
Kate Zhurko

Broker Associate | License ID: 3229050

+1(954) 734-5980

1200 E Las Olas Blvd Suite 102, Lauderdale, FL, 33301, United States

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from COMPASS, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Quick Search