249 Collins Ave Miami Beach, FL 33139
South Pointe NeighborhoodEstimated payment $91,950/month
Highlights
- Beach Access
- 0.3 Acre Lot
- 2-minute walk to Washington Dog Park & Annex
- South Pointe Elementary School Rated 9+
- No HOA
About This Lot
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.
Listing Agent
BHHS EWM Realty Brokerage Email: ben@brissigroup.com License #3288847 Listed on: 10/03/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $93,460
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 102x129
- Property is zoned 3003
Parking
- Alley Access
Location
- City Lot
Listing and Financial Details
- Assessor Parcel Number 02-42-03-003-0420
Community Details
Overview
- No Home Owners Association
- Ocean Beach Fl Sub Condos
- Ocean Beach Fl Sub Subdivision
Recreation
- Beach Access
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $84,664 | $4,956,050 | -- | -- |
| 2024 | $91,058 | $4,505,500 | $4,504,500 | $1,000 |
| 2023 | $91,058 | $4,505,500 | $4,504,500 | $1,000 |
| 2022 | $85,289 | $4,287,177 | $0 | $0 |
| 2021 | $83,022 | $3,897,434 | $0 | $0 |
| 2020 | $79,022 | $5,006,000 | $5,005,000 | $1,000 |
| 2019 | $71,925 | $4,551,000 | $4,550,000 | $1,000 |
| 2018 | $62,279 | $4,000,000 | $3,640,000 | $360,000 |
| 2017 | $60,050 | $2,662,000 | $0 | $0 |
| 2016 | $58,576 | $2,420,000 | $0 | $0 |
| 2015 | $49,697 | $2,420,000 | $0 | $0 |
| 2014 | $53,332 | $2,200,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | For Sale | $16,000,000 | -- | -- |
Source: MIAMI REALTORS® MLS
MLS Number: A11889965
APN: 02-4203-003-0420
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Ask me questions while you tour the home.