W South Beach

W South Beach Property Management

The W South Beach is a 25-story oceanfront condo-hotel at 2201 Collins Avenue, completed in 2009. It houses 511 residences ranging from studios to four-bedroom penthouses, all with floor-to-ceiling windows, full kitchens, and private balconies.

As of January 2026, the W's condo-hotel classification permits daily rentals with no cap on frequency and no requirement to join an in-house rental program. In a market where many condo associations restrict leases to six-month minimums or impose annual caps, this framework has historically attracted investor-operators who prioritize rental flexibility. Virestia confirms current policy status as part of every engagement.

For a broader view of the Miami short-term rental landscape, see our Miami property management overview or explore Virestia Insights for in-depth market analysis.

Address

2201 Collins Ave, Miami Beach, FL 33139

Neighborhood

South Beach

Classification

Condo-Hotel

Completed

2009

Total Units

511

Stories

25

Unit Types

Studios, 1–4 bedrooms, penthouses

Pet Policy

2 pets max, 40 lbs each

HOA Includes

Cable, internet, water, sewer, trash

Regulatory Landscape

Miami Beach enforces some of the strictest short-term rental regulations in the country, with fines starting at $20,000 for unlicensed operation. Buildings with condo-hotel classifications, like the W, carry hotel licenses that currently protect the right to operate short-term rentals at the building level — a structural distinction that residential condos cannot replicate. These classifications are durable but not permanent; policy changes at the building or municipal level can shift the operating landscape.

Four separate credentials are required to operate legally: a Florida DBPR license, a Miami-Dade Certificate of Use, a City of Miami Beach Business Tax Receipt, and a Resort Tax Certificate. All registration numbers must appear in every listing.

Operational Reality

With 511 units and a currently unrestricted rental policy, the W presents a competitive internal environment. Multiple managers and self-managed listings operate simultaneously within the building. Rate optimization, listing quality, and guest experience are the variables that typically determine whether an owner captures above-market returns or competes on price alone.

The building's oceanfront location commands strong ADR potential during Art Basel, Miami Swim Week, and the December-through-April high season. Off-season demand from business travelers and event attendees provides a secondary revenue floor.