# 249 Collins Ave, Miami Beach, FL 33139

> **TL;DR:** commercial, $16,000,000, built 1920. Est. $85,572/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $16,000,000 |
| Year Built | 1920 |
| Lot Size | 12,998 sqft (0.30 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $80,905 |
| Estimated Insurance | $4,667 |
| **Total** | **$85,572** |

## Property Highlights

- Built in 1920
- 0.30 acre lot
- 2 stories

## Description

### Agent 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

- **Address:** 249 Collins Ave, Miami Beach, FL 33139
- **County:** Miami-Dade

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/mia/A11893497

## Listing Agent

- **Name:** Ben Brissi · **License:** 3288847
- **Brokerage:** BHHS EWM Realty
- **Phone:** 5618702211
- **Broker Phone:** (305) 960-2587

## Photos

![249 Collins Ave - Photo 1](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2031844557r.jpg)

![249 Collins Ave - Photo 2](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f3468930627r.jpg)

![249 Collins Ave - Photo 3](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f3709379749r.jpg)

![249 Collins Ave - Photo 4](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f1880882652r.jpg)

![249 Collins Ave - Photo 5](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2822372399r.jpg)

![249 Collins Ave - Photo 6](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f1406115037r.jpg)

![249 Collins Ave - Photo 7](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f3888656386r.jpg)

![249 Collins Ave - Photo 8](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f3810916795r.jpg)

![249 Collins Ave - Photo 9](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f1392307258r.jpg)

![249 Collins Ave - Photo 10](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f4177726268r.jpg)

![249 Collins Ave - Photo 11](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f18471097r.jpg)

![249 Collins Ave - Photo 12](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f551905605r.jpg)

![249 Collins Ave - Photo 13](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f1922536773r.jpg)

![249 Collins Ave - Photo 14](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2665675014r.jpg)

![249 Collins Ave - Photo 15](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2023061799r.jpg)

![249 Collins Ave - Photo 16](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2979239354r.jpg)

![249 Collins Ave - Photo 17](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f1176691094r.jpg)

![249 Collins Ave - Photo 18](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2166299697r.jpg)

![249 Collins Ave - Photo 19](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f454389144r.jpg)

![249 Collins Ave - Photo 20](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f1660621045r.jpg)

![249 Collins Ave - Photo 21](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f3057549026r.jpg)

![249 Collins Ave - Photo 22](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f1817718970r.jpg)

![249 Collins Ave - Photo 23](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2642146062r.jpg)

![249 Collins Ave - Photo 24](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2766529175r.jpg)

![249 Collins Ave - Photo 25](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f1022243805r.jpg)

![249 Collins Ave - Photo 26](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f3092647177r.jpg)

![249 Collins Ave - Photo 27](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f2369104504r.jpg)

![249 Collins Ave - Photo 28](http://lh.rdcpix.com/03b36893d091f80b658e46cad840bd8el-f502546029r.jpg)

---

**MLS#:** A11893497 | **Updated:** 2026-09-29
**Source:** listhub

*Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/249-collins-ave-miami-beach-fl-33139-11893497)

---

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