Listed by Sotheby's International Realty Miami Beach
$16,500,000
2206 Park Avenue
Details
APN 0232260010320
Property Type Hospitality, Mixed Use
Units 1
Lot Size (SqFt) 17,040
Zoning CD-3
Ground Lease No
FULLY ENTITLED DEVELOPMENT SITE
Marketing description
Unique development opportunity in the Collins Park Cultural District, across from the Miami City Ballet and the Bass Museum. Over 17,000 square feet of CD-3 vacant commercial land along the Collins Canal with approved plans for a 5-story, 120-room boutique hotel with a rooftop swimming pool, ground floor restaurant and retail spaces, and no parking requirement. Approvals will remain valid until April 2028. Zoning as-of-right would also allow for a 58-unit residential project or more with the 80% bonus for affordable units.
Investment highlights
- Premier Location – Prime corner location in the Collins Park Cultural District, close to the Miami Beach Convention Center, luxury hotels and residential developments, world-class dining and cultural venues.
- Development Opportunity – Fully entitled development site with approved plans for a 120-room boutique hotel; or build 58 condo units, steps from the beach in a sought-after neighborhood which has benefitted from significant public funding.
- Excess FAR – The property benefits from excess FAR allowing for a total of 49,440 buildable square feet.
- Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year and generates continued demand for luxury hospitality and residential product.
- Flexible Zoning – CD-3 zoning allows for hospitality, residential, retail, restaurant, mixed-use, and more.
- High Barrier to Entry – Miami Beach remains one of South Florida’s most supply-constrained real estate markets due to limited supply of vacant land, stringent zoning regulations, and historic preservation requirements.
Listing Contacts
Listed by Sotheby's International Realty Miami Beach
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Zoning
CD-3 CommercialSpecial CommercialCommercial High Intensity
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View all 40 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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