Connect

Find us on...

Dashboard

Login using...

Home> Buying> Short Term Rental

Short Term (VRBO/Airbnb) Rental Investments in Southeast Florida

Short term rentals in Southeast Florida have been seen as a very lucrative investment over the past few years. Largely due to the rise of short-term rentals like Airbnb and VRBO, Southeast Florida’s rental stock has continued to grow, with a 97% annual growth between 2016 and 2017 alone. But, short-term rentals in Southeast Florida come with some risks and, as always, no investment is 100%. Continue reading below as we delve into the tax implications, vacancy rates, and a realistic income that you could expect to earn from your Short Term Rental investment in Southeast Florida.

Search a variety of investment properties below to find the one that is perfect for your short-term rental goals or continue reading here about some of the requirements for short-term rental properties in Southeast Florida.

Short Term Rental Investment Properties

Map
Sort listings by:New Listings First

11021 Legacy Lane #303, Palm Beach Gardens, FL - $249,900

Residential, Condo or Coop
  • 2 Beds
  • 2 Baths
  • 1,460 SQFT
View details More Photos Save

Find Your Beautifully Updated Condominium Home At Legacy Place, Located In The Heart Of Palm Beach Gardens. Spacious Open Design Highlights Your Enormous Kitchen Complete With Tastefully Modern Wood Cabinetry, Granite Counter-tops And Sparkling St...

Beaches Multiple Listing Service Logo

301 Australian Av #205, Palm Beach, FL - $329,000

Residential, Condo or Coop
  • 1 Bed
  • 1 Bath
  • 417 SQFT
View details More Photos Save

Here Is How To Do Palm Beach Island 2018! Suite 205 Is The Gracious Studio In A Contiguous Combination With Suite 203's Large One Bedroom Suite. Now You Can Bring Family For Visits Or Lease Out. Downtown's Full Service Boutique Condo-hotel, A True...

Beaches Multiple Listing Service Logo

301 Australian Av #203, Palm Beach, FL - $479,000

Residential, Condo or Coop
  • 1 Bed
  • 1 Bath
  • 681 SQFT
View details More Photos Save

Suite 203 Is The Best Apartment For Size, Layout, Location, View And Price! One Of The Hotel's Best Properties. Located Near Reception And Near Stairs And Elevator, This Top Brazilian Court Large One Bedroom Suite Enjoys A Spacious Configuration A...

Beaches Multiple Listing Service Logo

835 Oak Harbour Dr #835, Juno Beach, FL - $529,000

Residential, Condo or Coop
  • 2 Beds
  • 2 Baths
  • 1,301 SQFT
View details More Photos Save

Do Not Miss This Show Stopper!!! This Completely Renovated Direct Waterfront 2 Bedroom Condo With Stunning Intracoastal Views Is A Must See. Everything In The Condo Has Been Elegantly Updated And Has Never Been Lived In Since It Has Been Renovated...

Beaches Multiple Listing Service Logo

15305 N 92nd Way, Jupiter, FL - $615,000

Residential, Single Family Detached
  • 5 Beds
  • 3 Baths
  • 1,650 SQFT
View details More Photos Save

2 Homes For The Price Of One,built 2001 & 2016 Both With Screened Porches, This 1.25 Acre Property Consists Of 2 Separate, Private Homes, A Large Detached Storage Garage W/ Ac 1080 Sq Ft- Bring Camper,rv's Plus All You Toys To Fit In This Space, N...

Beaches Multiple Listing Service Logo

112 Via Condado Way, Palm Beach Gardens, FL - $541,900

Residential, Single Family Detached
  • 3 Beds
  • 3 Baths
  • 2,579 SQFT
View details More Photos Save

Expanded Living Room, Expanded Patio, Custom Shelves In Library, New A/c

Beaches Multiple Listing Service Logo

11706 Se Plandome Dr, Hobe Sound, FL - $595,000

Residential, Single Family Detached
  • 3 Beds
  • 3 Baths
  • 2,151 SQFT
View details More Photos Save

This 3 Bedroom, 2.5 Bathroom Home Is Located In The Hobe Sound Golf Club Which Is The Home Of The Challenging 18-hole Course Designed By Joe Lee. The Open Layout With Soaring Ceilings Has Stunning Views Of The Golf Course Is Overlooking The 11t...

Beaches Multiple Listing Service Logo

231 Poinciana Dr, Jupiter, FL - $489,000

Residential, Single Family Detached
  • 3 Beds
  • 3 Baths
  • 2,008 SQFT
View details More Photos Save

Awesome 3 Br/ 2.5 Ba Courtyard Home In Charming Newhaven Neighborhood. Light And Bright With White Oak Wood Flooring Throughout, Stainless Appliances And Screened Lanai. Close To Park And Community Pool.

Beaches Multiple Listing Service Logo

4100 N Ocean Dr #201, Singer Island, FL - $468,500

Residential, Condo or Coop
  • 2 Beds
  • 4 Baths
  • 2,011 SQFT
View details More Photos Save

Unique Low Floor 2 Br 3.5 Ba 2,011 Sf Unit With Expansive 500 Sf Balcony Offering Rare Outdoor Space - Great For Kids To Enjoy Sun-filled Play Days Plus 2 Pets Welcome (max 20 Lbs Each). Updated Interior With Wood Floors, Custom Paint, + Crown Mol...

Beaches Multiple Listing Service Logo

3931 Flag Dr, Palm Beach Gardens, FL - $339,900

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,436 SQFT
View details More Photos Save

Location! Location! Beautifully Renovated 3 Bedroom, 2 Bath Pool Home Located In Palm Beach Gardens. Open Floor Plan With A New Kitchen Featuring Quartz Countertops, Mosaic Tile Backsplash And Stainless Steel Appliances. New A/c. Freshly Painted W...

Beaches Multiple Listing Service Logo

4348 Bamboo Dr, Palm Beach Gardens, FL - $268,500

Residential, Single Family Detached
  • 4 Beds
  • 2 Baths
  • 1,366 SQFT
View details More Photos Save

Very Nice 4 Bedroom 2 Bath Cbs Home. Large Eat In Kitchen With Wood Cabinetry. Very Big Fenced Back Yard With Rear Souhthern Exposure. Great Community With No Hoa!! Home Needs Some Tlc.

Beaches Multiple Listing Service Logo

3680 Sw Starling Ter, Palm City, FL - $365,000

Residential, Single Family Detached
  • 2 Beds
  • 2 Baths
  • 1,791 SQFT
View details More Photos Save

Beautiful 2 Bedroom Plus Den/3rd Bedroom, 2 Bathroom, 2 Car Garage, Cbs Home In Heronwood, Located On A Cul-de-sac. Very Private Screened In Pool With A Spacious Paver Patio Overlooking The Lake. Enjoy A Peaceful View Of The Lake From The Master B...

Beaches Multiple Listing Service Logo

 

Hidden Costs - Short Term Rental Investment Properties

One of the biggest hidden issues with a short-term rental property in North Palm Beach is that you risk overstepping on the permitted uses for the property. For example, one such property in Palm Beach was defined as being used for commercial purposes and not residential. This can happen to you too if you were to rent out the property for less than three months more than three times in that calendar year. This mistake can be incredibly costly too. A commercial property in a residential zone can cost as much as $250 per day for the code violation. $250 per day in code violations means that you would be building $119s in negative equity per day if you rent at the average daily rate in Palm Beach.

Other Taxes - Short Term Rental Investment Properties in Southeast Florida

However, it’s not just at the city level that you should worry about the hoops that you will be expected to jump through. Palm Beach County has a bed tax, which is known as the tourist development tax, which is applicable if you rent out your property for less than six months out of the year. The tax is charged at five percent of the total revenue gained and it might be in addition to the State level sales tax of six percent. Should you think of trying to skip out of paying that five percent, Palm Beach County has been known to take aggressive action against those that violate the tax law. In fact, those caught not paying could potentially face a third-degree felony and a lien can be placed against the violator's bank account by the County. To make it easier, the County suggests that owners of investment property in Southeast Florida sign up for Alavara’s MyLodgeTax™, which makes vacation rental taxes simpler for a $20 monthly fee. If you rent your investment property for more than 30 days out of the year, you should also check with the local county’s property appraisers, too as you might be claiming a credit that you are not entitled to.

Why Purchase a Short Term Rental Investment Property

The labyrinth of taxes and city costs might be exhausting but the profits that are to be had with your investment property might be worth the additional paperwork. For example, from a quick search on Airbnb, a private room that is close to the beach and Carlin Park can bring in $1,725 per month. While an entire three-bed lakefront condo in Juno Beach can command as much as $5,600 per month. Even at a 30% occupancy rate, which is below the average occupancy rate, the Juno Beach property would bring in approximately $21,000 in revenue, minus the 11% of county and state level taxes, that’s a pretty tidy profit of $18,747.59 before costs directly related to the investment property in Southeast Florida.

If you think you’d like to discover the homes for sale near Jupiter, Tequesta, or Singer Island that would make great short-term rental investment properties, contact Beth Bourque at Southern Shore Properties today.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2018 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2018 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on October 16th, 2018 at 3:46pm CDT.