FL > Miami Beach > Ocean Beach Fl Sub
Miami Beach, FL 33139,249 Collins Ave
Miami Beach, FL 33139,249 Collins Ave
Miami Beach, FL 33139,249 Collins Ave
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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$16,000,000
Est. payment /mo
0.3 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Residential

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 0.298 Acres

Acres 0.2984

Lot Dimensions 102x129

Property Sub-Type Residential

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.

Location

State FL

County Miami-dade

Community Ocean Beach Fl Sub

Area 32

Exterior

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

Present Use Other

Private Pool Yes

Building

Lot Description <1 Acre

Sewer Public Sewer

Water Public

Others

Tax ID 02-42-03-003-0420

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by BHHS EWM Realty
Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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249 Collins Ave