1 Hotel & Homes South Beach

1 Hotel & Homes Property Management

1 Hotel & Homes South Beach is an 18-story oceanfront condo-hotel at 2399 Collins Avenue, completed in 2015. The building carries LEED certification and reflects the 1 Hotels brand philosophy of nature-inspired, sustainability-focused hospitality. Residences range from one to four bedrooms with custom kitchens by Italkraft, Sub Zero and Bosch appliances, Grohe fixtures, and Travertine bathrooms with Waterworks hardware.

As of January 2026, the building permits short-term rentals with a one-week minimum stay. Some units operate through a residency partner arrangement with the hotel, while others are managed independently. The building is physically connected to Roney Palace, a 565-unit condo that also allows short-term rentals, creating a combined inventory corridor along this stretch of Collins Avenue. Virestia confirms current policy status as part of every engagement.

For broader context on Miami Beach's regulatory environment, see our Miami property management overview. Our Insights cover yield dynamics across all three of our markets.

Address

2399 Collins Ave, Miami Beach, FL 33139

Neighborhood

South Beach

Classification

Condo-Hotel

Completed

2015

Stories

18

Unit Types

1–4 bedrooms

Certification

LEED (eco-conscious design)

Kitchen

Italkraft, Sub Zero, Bosch, Grohe

Bathrooms

Travertine, Waterworks fixtures

Connected To

Roney Palace (565 units)

A Different Revenue Model

A seven-night minimum eliminates the high-turnover nightly strategy that drives revenue at buildings like the W South Beach or The Elser. Fewer bookings per month means each one carries more weight. A single vacant week has a larger proportional impact on monthly revenue than a single vacant night does at a daily-rental building.

The upside is structural: cleaning costs per booking drop by roughly 75% compared to nightly turnover. Guest quality tends to be higher — weekly travelers are more likely to be families, extended-stay leisure guests, or remote workers than weekend party groups. The building's LEED certification reinforces this self-selection, attracting a traveler demographic that values environmental consciousness over nightlife proximity.

Pricing for Weeks, Not Nights

Weekly rate optimization is a different discipline than nightly pricing. The competitive set shifts from other condo-hotels to furnished monthly rentals, extended-stay hotels, and even Airbnb listings in adjacent buildings that offer weekly discounts. The rate must be compelling enough to justify a seven-night commitment while still capturing the premium that oceanfront South Beach commands.

Seasonality plays differently here too. During high season, weekly bookings at strong rates are highly profitable with minimal turnover cost. During shoulder and off-season months, the strategy pivots to monthly corporate relocations, snowbird stays, and longer-term bookings that keep occupancy stable. An operator who only knows nightly pricing will underperform at this building.