Roney Palace

Roney Palace Property Management

Roney Palace is a 17-story, 565-unit condominium at 2301 Collins Avenue in South Beach, completed in 2015. The building occupies a prime oceanfront position on Collins Avenue, physically connected to 1 Hotel & Homes to the north and adjacent to the W South Beach to the south.

As of January 2026, short-term rental activity is confirmed at Roney Palace with active listings and third-party management companies operating within the building. Unlike its condo-hotel neighbors, Roney Palace is classified as a standard condominium — meaning rental policy is governed by the condo association's bylaws rather than a hotel license. This distinction affects both the durability of STR rights and the regulatory framework. Virestia verifies current association rules and policy status as part of every engagement.

For broader context, see our Miami property management overview or explore adjacent building pages for 1 Hotel and the W South Beach.

Address

2301 Collins Ave, Miami Beach, FL 33139

Neighborhood

South Beach

Classification

Condominium

Completed

2015

Total Units

565

Stories

17

Unit Types

Studios, 1-bedroom, 2-bedroom

Connected To

1 Hotel & Homes South Beach

Adjacent To

W South Beach

The Amenity Perception Gap

Roney Palace's physical connection to 1 Hotel creates a perception advantage that few standalone condos can match. Guests booking a Roney Palace unit on Airbnb see the South Beach oceanfront location and the proximity to five-star hotel amenities. What they experience after check-in depends entirely on the quality of the unit itself and the responsiveness of the operator.

This gap — between the resort-adjacent location and the independently managed unit — is where operations determine returns. A well-operated Roney Palace listing can command rates that approach condo-hotel levels because the guest experience matches the location promise. A poorly managed listing suffers disproportionately because the expectation was set by the neighbors, not the unit.

Condo vs. Condo-Hotel

Unlike the W South Beach and 1 Hotel — both condo-hotels with hotel licenses — Roney Palace is classified as a standard condominium. This means STR rights are governed by condo association bylaws, not a hotel license embedded in the zoning classification. The practical difference: a condo-hotel's STR rights have structural protection at the municipal level. A condo's STR rights can be modified or restricted by a board vote.

For investors, this creates a different risk profile. The current policy permits short-term rentals, but the long-term durability of that policy depends on the condo association's ongoing stance. Properties at Roney Palace should be underwritten with this policy risk factored in — particularly given the broader trend of Miami Beach associations tightening STR rules in non-condo-hotel buildings.