$19,750,000
Active
42d
$19,750,000
2520 Shelter
Miami Beach, FL 33140
6 bd6.5 ba5,768 sqft
Sunset Islands-Island No
$16,000,000251 days on marketActive
249 Collins Avenue, Miami Beach, FL 33139
Miami Beach, FL 33139
0
Sq Ft
1920
Year Built
0.3 acres
Lot Size
Listing Snapshot
| List Price | $16,000,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.3 acres |
| Year Built | 1920 |
| Property Tax | $93,460/yr |
| MLS # | 1139743806 |
| Status | Active |
| Days on Market | 251 |
About This Home
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.
General Features
- Property Type
- CommercialSale
- Sub-type
- MultiFamily
- Stories
- 2
- Parking
- Other
- Zoning
- 3003
- Security
- SecurityFence
Interior Features
Exterior Features
- Construction
- Stucco
- Roof
- BuiltUp
- Lot Features
- CentralBusinessDistrict,CityLot,QuarterToHalfAcreLot
Community Features
- MLS Area
- 2420
Map
Virtual Tour
View Virtual TourListed by Ben Brissi · BHHS EWM Realty
MLS# 1139743806 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1139743806 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $12,800,000
%
Est. Monthly$95,107
Principal & Interest$87,319
Property Tax$7,788
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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