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Collins' family members saw the potential in developing the beach as a resort.
This effort got underway in the early years of the 20th century by the Collins/Pancoast family, the Lummus brothers (bankers from Miami), and Indianapolis entrepreneur Carl G. Until then, the beach here was only the destination for day-trips by ferry from Miami, across the bay.
The municipality is located on natural and man-made barrier islands between the Atlantic Ocean and Biscayne Bay, the latter of which separates the Beach from the mainland city of Miami.
The neighborhood of South Beach, comprising the southernmost 2.5 square miles (6.5 km Miami Beach's estimated population is 92,307 according to the most recent United States census estimates.
Although the mayor runs commission meetings, the mayor and all commissioners have equal voting power and are elected by popular election.
The mayor serves for terms of two years with a term limit of three terms and commissioners serve for terms of four years and are limited to two terms.
Fisher helped by organizing an annual speed boat regatta, and by promoting Miami Beach as an Atlantic City-style playground and winter retreat for the wealthy.
By 1915, Lummus, Collins, Pancoast, and Fisher were all living in mansions on the island, three hotels and two bath houses had been erected, an aquarium built, and an 18-hole golf course landscaped.
In 1870, a father and son, Henry and Charles Lum, purchased the land for 75 cents an acre.The Lummus property was called Ocean Beach, with only the Collins interests previously referred to as Miami Beach.Carl Fisher was the main promoter of Miami Beach's development in the 1920s as the site for wealthy industrialists from the north and Midwest to and build their winter homes here.The first structure to be built on this uninhabited oceanfront was the Biscayne House of Refuge, constructed in 1876 by the United States Life-Saving Service at approximately 72nd Street.Its purpose was to provide food, water, and a return to civilization for people who were shipwrecked.