7200 Collins Avenue – North Beach Miami’s Luxury Short-Term Rental Condo Investment Opportunity

Miami Beach’s North Beach neighborhood is undergoing a renaissance, rapidly transforming from a quiet, low-rise area into the city’s next real estate hotspot. At the heart of this revitalization is 7200 Collins Avenue, an upcoming luxury condominium project that promises upscale living with a twist highly appealing to investors: fully legal short-term rentals. This 12-story development will offer high-end residences, resort-style amenities, and a location amid North Beach’s emerging attractions – positioning it as a prime opportunity for real estate investors and vacation rental operators alike. In this article, we explore the key facts about 7200 Collins Avenue (developer, design, pricing, amenities, and rental policies), and examine how North Beach’s recent upzoning and revitalization efforts – from new community facilities to a boom in restaurants and development – are making this area one of Miami Beach’s most promising investment zones.

Introducing 7200 Collins Avenue – Luxury Condos in North Beach’s Revitalization

7200 Collins Avenue is a forthcoming luxury condominium located at the corner of Collins Avenue and 72nd Street, within North Beach’s newly designated Town Center district. The project is being developed by Northlink Capital, a New York-based firm led by Robert Rosenthal, which acquired the 25,000-square-foot site (formerly home to a Denny’s diner) for $17.33 million in 2021. Northlink secured city approval for the development in 2022 and has tapped OneWorld Properties to lead sales. Construction is expected to begin in late 2025, with an anticipated completion date in 2027. This timeline means early investors can lock in pre-construction prices and potentially see significant appreciation by the time the building opens.

This project will rise 12 stories tall with 222 luxury residences ranging from studios to two-bedroom layouts. Home sizes will span approximately 375 to 1,200 square feet, catering to both vacationers and residents seeking efficient, modern spaces. Each unit is delivered fully furnished in a chic contemporary style curated by the acclaimed Coral Gables-based interior designer Adriana Hoyos. High-end finishes are planned throughout, including 9-foot ceilings, Italian-inspired cabinetry, premium appliances, and private terraces for outdoor enjoyment. Select upper-floor units will boast unobstructed water views of the Atlantic or Biscayne Bay, capitalizing on Miami Beach’s coastal scenery.

Sales for 7200 Collins launched in spring 2025, with prices starting at roughly $600,000 for the smallest units. Given the building’s luxury positioning and proximity to the ocean, larger units or those with prime views will command higher prices, likely well into seven figures. Even at these price points, investor interest is strong, not only due to Miami Beach’s robust real estate demand, but because owners have the option to lease out their units for short-term rentals (such as on Airbnb or similar platforms). This built-in short-term rental flexibility is a rare feature in Miami Beach’s condo market and a major draw for those looking to generate rental income.

Cutting-Edge Design and Resort-Style Amenities

Developed as a luxury resort-style condo, 7200 Collins is designed to offer an upscale experience for both residents and guests. The tower’s architecture by Revuelta Architecture International features modern curves and expansive glass, creating an elegant silhouette that will stand out in North Beach’s skyline. The design includes a multi-level podium and an elevated tower with rounded corners, giving the building an aerodynamic, contemporary look (as evident in renderings). The aesthetic is modern tropical, blending Miami’s coastal vibe with high-design elements to attract discerning buyers.

Inside, Adriana Hoyos Design Studio has crafted sophisticated interiors and furnishings, delivering each unit turnkey-ready for move-in or immediate rental. This means investors won’t need to spend extra on furniture packages – a significant cost and hassle saved – further streamlining the process of generating rental income. The furnished units will feature a neutral, stylish palette and durable materials suitable for frequent use, striking a balance between luxury and practicality for a rental audience.

Amenities are abundant and thoughtfully spread across three levels of the building (the 3rd floor, 8th floor, and rooftop). Residents and guests will enjoy a host of resort-style facilities, including:

Swimming Pools: Two pools are planned – one on a lower amenity deck and one on the rooftop – allowing for both family-friendly splashing and serene skyline swimming. Poolside cabanas and sun terraces with ocean and city views will create a true resort atmosphere.
Fitness Center: A state-of-the-art fitness center will be available, equipped with the latest exercise machines and perhaps space for yoga or fitness classes. Staying fit will be convenient for both residents and short-term visitors.
Outdoor Movie Theater: A unique outdoor screening area is planned, where residents can watch films under the stars – a playful amenity that also doubles as a social gathering spot.
Sky Lounge / Library: The building will feature comfortable lounge spaces, including what is described as a library or reading room. This likely serves as a quiet indoor retreat for co-working or relaxation, enhancing the work-from-home appeal.
Entertainment & Social Spaces: Various indoor-outdoor seating areas, possibly a game room or clubhouse, and landscaped terraces will be integrated, offering spaces to socialize or relax. The rooftop, in particular, is expected to have a spectacular lounge with panoramic views of Miami Beach.
Concierge and Services: While not explicitly detailed in press releases, one can anticipate hotel-like services such as a concierge desk, security, valet parking, and on-site rental management assistance given the short-term rental orientation.
Ground-Floor Retail: On the street level, 7200 Collins will include about 17,000 square feet of retail space. This could host boutique shops, cafes, or possibly a restaurant – activating the streetscape and providing convenience for residents. The inclusion of retail is part of the broader effort to energize the North Beach Town Center with more walkable amenities.

Resort-style amenities at 7200 Collins include multiple pools and sun decks, offering a luxury experience for residents and vacationers alike.

These amenities not only elevate the living experience but also enhance the property’s appeal to short-term renters. A vacationer choosing a Miami Beach rental can enjoy on-site pools, fitness facilities, and entertainment without leaving the building – comparable to a hotel stay. For investors, this means the units at 7200 Collins can command premium nightly rates and maintain high occupancy, as guests will appreciate the comprehensive amenities package. The fact that the condos are fully furnished and professionally designed is another investor advantage: listings can be marketed with a consistent, high-end look, and renters will feel they are in a professionally managed resort residence.

Short-Term Rental Friendly – A Rare Opportunity for Investors

One of the most compelling aspects of 7200 Collins Avenue is its short-term rental-friendly policy. Miami Beach has long been a global tourism magnet, but it’s also known for strict regulations that prohibit short rentals (under six months) in most residential areas. Many condo buildings in Miami Beach enforce rules against rentals of less than 6 or 12 months due to city zoning laws. North Beach’s Town Center, however, is an exception – it’s zoned to allow transient rentals, and 7200 Collins is embracing this flexibility fully.

This means owners at 7200 Collins can rent out their units on a weekly or even nightly basis, using platforms like Airbnb or VRBO, without violating city ordinances or condo bylaws. The development is specifically marketing itself as “short-term rental friendly”. In practice, this could function similarly to a condo-hotel: owners have a vacation home that they can also generate income from when they’re not using it. For real estate investors focused on rental income, this model is extremely attractive. It combines the appreciation potential of owning Miami Beach real estate with the cash flow of a high-end vacation rental.

Consider the investor advantages of this approach:

High Rental Yields: Short-term rentals in Miami Beach typically command high nightly rates, especially in a brand-new luxury building. A well-furnished studio or one-bedroom could rent for hundreds per night in peak season. With the right management, owners can see strong cap rates compared to traditional annual rentals.
Flexibility: Owners can choose when to rent and when to reserve the unit for personal use. This hybrid usage appeals to those who want a vacation home that also pays for itself.
Professional Management Options: It’s likely that the developer or a partnered hospitality management company will offer onsite or offsite management services to handle bookings, cleanings, and guest services for a fee – making it hands-off for owners who desire.
Market Demand: Miami Beach’s tourism numbers continue to be robust year-round, with winter snowbirds, spring break, Art Basel, music festivals, and summer holidays all driving visitation. North Beach in particular, with its new amenities, is poised to capture more tourists seeking alternatives to South Beach. Short-term rental condos like 7200 Collins can tap into this demand legally and lucratively.

It’s worth noting that 7200 Collins isn’t alone in this concept – it’s part of a growing trend of luxury condos in North Beach that allow short-term rentals. The nearby 72 Park condo (at 580 72nd St.), a 22-story tower delivered in 2025, also offers short-term rental opportunities and sold out 90% of its 206 units by completion. Another project in the neighborhood, Ella Miami Beach at 6940 Abbott Avenue, is a planned 10-story, 103-unit condo with prices from $500,000 that explicitly targets short-term rental investors as well. The popularity of these developments indicates a strong appetite from buyers who want the flexibility to rent to tourists. However, 7200 Collins stands out as one of the newest and most upscale entries in this category, with a prime Collins Avenue address just one block from the beach.

For investors evaluating Miami Beach, this convergence of luxury new construction and vacation-rental potential is uncommon. It allows one to capitalize on Miami’s booming hospitality market while also owning a slice of high-end real estate in a rapidly improving district. In essence, 7200 Collins offers a best-of-both-worlds scenario: the security and growth potential of a condo investment, and the income generation of a small hotel business.

Steps from the Sand: Walkability and Exclusive Beach Access

A key advantage of 7200 Collins is its unbeatable walkability—not just to dining, shops, and green spaces, but directly to the beach itself. Just one block from Miami’s pristine North Beach shoreline, residents and short-term guests can enjoy morning jogs on the sand, sunset strolls along the Beachwalk, or spontaneous ocean swims with ease. Adding to this beachfront lifestyle, buyers at 7200 Collins will enjoy exclusive access to a private beach club, elevating the resort-style experience. This rare combination of walkable beach proximity and private club amenities not only enhances everyday living—it significantly boosts the property’s appeal for short-term rental demand and long-term appreciation potential.

North Beach Revitalization and Upzoning: Fueling a Development Boom

The rise of projects like 7200 Collins is not happening in isolation – it’s part of a larger revitalization of North Beach that has been years in the making. North Beach (generally considered the area of Miami Beach from 63rd Street to 87th Street, between the Atlantic Ocean and Biscayne Bay) was historically a more low-key, low-rise community compared to glitzy South Beach. However, a 2017 voter-approved upzoning (increased floor-area-ratio) for the North Beach Town Center area opened the doors for greater density and new development. This, combined with growing demand for Miami Beach housing, has sparked a wave of investment in the neighborhood.

Following the upzoning approval (implemented around 2018), developers seized the opportunity to build taller and larger projects in North Beach’s core. North Beach Town Center, centered around 71st and 72nd Streets, is now buzzing with construction activity. The 7200 Collins site itself lies within this upzoned district, which is why a 12-story building is possible here. For context, much of the surrounding area previously had height limits that kept buildings to just a few stories. The upzoning effectively reimagined North Beach’s skyline, paving the way for a “stacked pipeline” of new condo projects in the area.

City leaders and residents supported these zoning changes in order to stimulate a long-overdue renaissance in North Beach. The goal was to create a more vibrant, mixed-use town center with new housing, hotels, retail, and public amenities – essentially to give North Beach the kind of revival South Beach’s Art Deco district experienced decades ago, but in a uniquely “North Beach” way. The strategy is clearly paying off: multiple developments are now in progress or recently completed, injecting fresh energy and optimism into the community.

A centerpiece of the public-sector investment is the upcoming 72nd Street Community Complex, a massive $53.8 million municipal project on a city-owned lot near 72nd and Collins. This complex will bring much-needed community facilities to North Beach, including a new aquatic center (with competition and recreational pools), a 7,500-sq.ft. branch library, an expanded park and green space, an indoor fitness/teen center, and even a rooftop pickleball court facility. In essence, the project will create a central gathering place for recreation and learning, greatly enhancing the quality of life for North Beach residents. Instead of a surface parking lot, there will be swimming pools, a library, and parkland – a dramatic improvement that signals the city’s commitment to the neighborhood’s revival.

Adjacent to that, the historic Byron Carlyle Theater (on 71st Street) is also slated for redevelopment. Plans are in motion to transform the old theater into a multi-use arts and cultural center, preserving a space for cinema, performances, or community events.This will further solidify North Beach as a cultural destination, not just a residential enclave.

Crucially for investors, these public improvements (zoning changes, new parks, cultural centers) lay the foundation for sustainable growth in property values. They make North Beach more attractive to live in and visit, which in turn supports the success of private developments like 7200 Collins. When complete, a condo owner at 7200 Collins will not only offer their guests a luxurious apartment, but also a neighborhood with a brand-new aquatic center, a modern library next door for remote work or family activities, and park spaces where locals and visitors intermingle. This kind of amenity-rich environment enhances the appeal of short-term rentals – visitors love staying in areas where they can walk to attractions and enjoy local life.

From a zoning perspective, the Town Center upzoning also explicitly allowed for hotel and short-term lodging uses, which is why projects like 7200 Collins and others can incorporate short-term rentals by design. The city recognized the tourism potential of North Beach’s oceanfront location and aimed to channel it in a controlled, neighborhood-friendly way by concentrating such uses in the Town Center. For investors, this means North Beach is now one of the few places in Miami Beach where you can legally operate a short-term rental property in a newly built luxury setting – an opportunity that didn’t exist prior to the upzoning.

Growing Lifestyle and Tourism Appeal in North Beach

Beyond bricks and mortar, the revitalization of North Beach is bringing about a richer lifestyle scene – from dining and entertainment to recreation. Investors considering short-term rental properties know that neighborhood lifestyle and amenities can significantly impact desirability for guests. In this regard, North Beach’s trajectory is very encouraging, as the area gains new eateries, cultural venues, and leisure activities that enhance the overall visitor experience.

One of the most talked-about additions is the food scene. The inclusion of Roberta’s Pizzeria at 72 Park is a prime example. Roberta’s is a Brooklyn-born hotspot famous for its wood-fired pizzas and trendy vibe (Michelin Bib Gourmand-rated); its first-ever Miami location in North Beach instantly puts the area on the culinary map. Guests staying at 7200 Collins will be a short stroll from one of Miami’s buzziest new restaurants, rather than having to cab down to South Beach for a lively dinner. Along with Roberta’s, 72 Park is introducing a Mediterranean restaurant and a specialty coffee shop, diversifying local dining options.

Elsewhere in North Beach, other new restaurants and cafes are popping up or on the way, catering to both the growing residential population and tourists. The North Beach Bandshell area (an open-air amphitheater at 73rd Street and Collins) has a small dining pavilion and regularly hosts food vendors during events. Speaking of the Bandshell, it has long been a cultural gem, hosting live music concerts, festivals, and outdoor movies. With more people living and staying in North Beach, expect the Bandshell’s events to grow in popularity – another draw for visitors looking for authentic local entertainment. A night at the Bandshell followed by late-night pizza at Roberta’s could be a real itinerary for someone staying in the neighborhood.

On the retail and services front, the new developments are integrating shops and conveniences that will make North Beach more self-sufficient. The ground-floor retail at 7200 Collins itself could house anything from a stylish boutique to a convenience store or cafe, adding to street-level activity. 72nd Street and Collins is likely to become a commercial hub with the influx of new retail space from multiple projects. Additionally, as mentioned, a new Publix supermarket at Shoma Bay will serve the area, and other boutique stores may follow as more commercial space comes online in the Town Center. This growing mix of retail ensures that both residents and short-term guests can find essentials and indulge in shopping within the neighborhood.

Lifestyle enhancements are also coming in the form of recreational infrastructure. The beach and parks have always been North Beach’s natural advantage – the beach here is wide and often less crowded than South Beach, and North Shore Open Space Park (at 87th Street) offers a large oceanfront park experience. Recently, the city completed a Beachwalk extension through North Beach, a paved pedestrian path that now runs along the ocean, connecting all of Miami Beach. This means someone staying at 7200 Collins can jog or bike along the oceanfront path for miles. The Beachwalk connectivity and improvements in landscaping make the shoreline more attractive and user-friendly, another plus for quality of life.

With the new Aquatic Center and park at 72nd Street coming, families have even more to look forward to – imagine having a public water park and pool facility essentially next door to your condo. The complex will also include pickleball courts, tapping into the nation’s hottest recreational trend. Pickleball has broad appeal across age groups and could be a fun activity for visitors. In fact, offering or advertising proximity to pickleball and swimming facilities could be a unique selling point for short-term rental listings in North Beach – not many Miami Beach neighborhoods can boast that!

Culturally, North Beach is blending the old and the new. The preservation of MiMo (Miami Modern) historic buildings and the creation of the Byron Carlyle cultural center ensure that the neighborhood retains its mid-century charm and artsy character, even as modern towers rise. This mix of historic character and new excitement gives North Beach a distinctive identity. Tourists seeking a more authentic Miami Beach experience (away from the more commercialized South Beach scene) may find North Beach the perfect fit. It’s beachy and relaxed, yet with plenty to do – a sort of best-kept-secret that is increasingly not a secret anymore.

All these lifestyle factors – dining, culture, recreation, convenience – feed into the attractiveness of North Beach for both long-term residents and short-term visitors. For an investor in 7200 Collins, it means the marketing write-up for your rental practically writes itself: “Enjoy a trendy North Beach vacation steps from the ocean! Walk to new Michelin-recognized restaurants, play pickleball at the new park, cool off in the city’s latest aquatic center, catch live music under the stars, and retreat to your luxury condo with resort amenities.” This is the evolving reality of North Beach, and it’s getting better each year.

7200 Collins and North Beach: A Promising Investment Horizon

Considering all the developments in and around 7200 Collins Avenue, it’s clear why many are calling North Beach one of the most promising investment zones in Miami Beach. The neighborhood is benefiting from a rare confluence of factors: supportive city policies (upzoning), significant public investments (parks, community facilities), a wave of private development (new condos and hotels), and organic growth in lifestyle offerings (dining, culture, recreation). This holistic revitalization is transforming North Beach from a sleepy district into a vibrant, upscale beachfront community – and those who invest early stand to reap the rewards.

From an investor’s perspective, 7200 Collins Avenue hits all the checkmarks for a high-potential real estate investment in 2025 and beyond:

Location and Timing: It is coming online just as North Beach’s renaissance accelerates. Buying in now (pre-construction through early construction phase) means getting in on the ground floor of the area’s property appreciation curve. As nearby projects complete and the 72nd Street Complex opens by the time 7200 Collins is delivered in 2027, property values in North Beach could be substantially higher. Early investors could see notable appreciation even by completion, aside from regular Miami Beach market growth.
Short-Term Rental Income Potential: Unlike most condos, 7200 Collins gives owners the flexibility to maximize income through short-term rentals legally. With Miami Beach’s tourism machine backing it, an owner could rent their unit for a large portion of the year at high nightly rates. The combination of luxury amenities and the new neighborhood attractions can justify premium pricing, potentially yielding an attractive return on investment. Essentially, one can balance between personal use and income generation as needed – an ideal scenario for many investors.
High-Quality Asset: The condo is a brand-new, luxury-grade asset with top-notch architecture and interior design. High-quality construction and design not only attract better clientele (tenants/guests) but also mean lower maintenance and higher durability – important for intensive use scenarios like vacation rentals. The fully furnished aspect means it’s turnkey; you can start renting out from day one without extra capital outlay. Also, being in a new building means modern safety and hurricane standards, which can result in better insurance rates and peace of mind.
Neighborhood Upside: North Beach today is on an upward trajectory. Investors often look for the “path of progress” – areas where infrastructure and development are improving, but prices haven’t yet caught up to more established districts. North Beach fits this description; it is generally more affordable than South Beach or Mid-Beach, yet with all that’s happening, it may bridge some of that gap in coming years. Moreover, as North Beach gains prominence, there could be increased demand and limited supply – not many sites are left for large development after this current wave, so future competition might be limited. Owning a piece of North Beach now could mean having a relatively scarce commodity in the near future.
Competitive Edge: Within the short-term rental niche, 7200 Collins will have a competitive edge by virtue of being new and purpose-built for this use. While there are older buildings and single-family homes in Miami Beach that operate as vacation rentals, they often come with quirks or legality issues. Here, you have a sanctioned, professionally managed environment. Travelers will likely gravitate to listings at 7200 Collins (and its peers like 72 Park) because of the reliability of experience – something that can be leveraged in marketing. As an investor, aligning with a professionally run condo that markets itself as vacation-friendly can reduce the burden on you to find guests; the building’s brand and reputation will help attract them.

In summary, 7200 Collins Avenue offers a unique investment proposition: it’s not just a condo, but a slice of a rapidly revitalizing community and a foothold in Miami Beach’s lucrative hospitality market. North Beach’s revitalization – from the new 72nd Street amenities to the influx of trendy restaurants and modern developments – is creating a buzz that savvy investors are already acting on. By 2027, when this luxury condo tower is complete, North Beach will likely look and feel very different than it did a few years ago. Those who purchase now will have positioned themselves ahead of that curve.

For real estate investors focused on short-term rental opportunities, it’s hard to find a combination of factors as ideal as those present with 7200 Collins in North Beach. It marries the long-term growth prospects of real estate (location, development, gentrification) with the immediate cash-flow potential of Miami’s booming vacation rental market. As always, due diligence is key – understanding the condo association rules, management costs, and market dynamics – but the fundamentals here are strong and backed by verified developments in the area.

North Beach is no longer Miami Beach’s sleeper neighborhood; it’s awakening in a big way. 7200 Collins Avenue is poised to be a landmark of this new North Beach, embodying the luxury, opportunity, and excitement that define the neighborhood’s future. For investors and short-term rental operators seeking the next great opportunity in Miami Beach real estate, 7200 Collins and North Beach should be high on the list. Now is the time to take notice – and perhaps take part – in the North Beach renaissance.