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:Newest First

284 Camellia St, Palm Beach Gardens, FL - $275,000

Residential, Single Family Detached
  • 4 Beds
  • 2 Baths
  • 1,578 SQFT
View details More Photos Save

Prime Location! 4 Bedroom, 2 Bath Single Family Home In A Highly Desirable Palm Beach Gardens Neighborhood. No Hoa! Freshly Painted Exterior And Garage Floor. Spacious Backyard With Storage Shed And Screened Patio. Ready For Your Personal Touches....

Beaches Multiple Listing Service Logo

145 Egret Dr, Jupiter, FL - $449,000

Residential, Single Family Detached
  • 4 Beds
  • 3 Baths
  • 1,772 SQFT
View details More Photos Save

Opportunity To Own A 4bd/3ba Home In One Of Jupiter's Best Gated Communities! Egret Cove Is A Small Enclave Of Well Maintained Homes, Compete With Community Pool And Green Space, Yard Maintenance, And A Low Hoa. Zoned For Terrific Schools - Jerry...

Beaches Multiple Listing Service Logo

121 Cypress Point Dr #121, Palm Beach Gardens, FL - $250,000

Residential, Condo or Coop
  • 2 Beds
  • 2 Baths
  • 1,250 SQFT
View details More Photos Save

Pga National Easy Condo Living! Tastefully Decorated Turnkey, 2 Bedroom, 2 Bath Corner Unit. Ground Floor Entry, Only 1 Floor. Beautiful Waterfront Setting With Covered Screened Patio. All Newly Renovated, New Kitchen, Ss Appliances, New Tile Floo...

Beaches Multiple Listing Service Logo

4154 Rochester St, Palm Beach Gardens, FL - $295,000

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,068 SQFT
View details More Photos Save

Amazing Opportunity To Own A Newly Renovated House In Palm Beach Gardens. Large Private Back Yard With A Pool. Full Updated Interior With Brand New Appliances And Ac System. Submit All Offers!

Beaches Multiple Listing Service Logo

962 Mill Creek Dr, Palm Beach Gardens, FL - $565,000

Residential, Single Family Detached
  • 4 Beds
  • 4 Baths
  • 2,779 SQFT
View details More Photos Save

This Beautiful Home In The Club Community Of Evergrene Is Centrally Located And Features A Large Private Lot With 4 Bedrooms & 3 1/2 Bathrooms (including A Separate Guest Suite). The Impeccably Maintained Interior Boasts Vaulted Ceilings & Windows...

Beaches Multiple Listing Service Logo

6263 Robinson St, Jupiter, FL - $349,900

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,335 SQFT
View details More Photos Save

The Perfect ''completely Remodeled'' Single Family Home Located In The Heart Of Jupiter, Florida. Move In Ready 3 Bedroom, 2 Bath, 2 Car Attached Garage With Fenced In Yard! New Roof Installed 2006. Now Is The Time To Jump To Make This Home Your...

Beaches Multiple Listing Service Logo

470 Capistrano Dr, Palm Beach Gardens, FL - $322,000

Residential, Townhouse / Villa / Row
  • 3 Beds
  • 3 Baths
  • 1,570 SQFT
View details More Photos Save

Beautiful 3br/2ba Townhouse With 1 Car Garage In The Heart Of Pb Gardens. Open Bright Floor Plan, Large Private And Serene Screen Patio. Accordion Shutters. Spacious Bedrooms With Walking Closets And Plenty Of Storage. Window Treatments. Porcelain...

Beaches Multiple Listing Service Logo

7241 Se Sebona Ct, Hobe Sound, FL - $361,790

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,739 SQFT
View details More Photos Save

Brand New Construction In Desirable Hobe Sound!! Enter This Spacious, Open Concept 3 Bedroom, 2bath+ Flex Room, Home Down A Wide Foyer Which Leading To A Open & Bright Great Room/dining Area. The Kitchen Features A Large Island W/ Granite Counters...

Beaches Multiple Listing Service Logo

7221 Se Sebona Ct, Hobe Sound, FL - $365,000

Residential, Single Family Detached
  • 2 Beds
  • 2 Baths
  • 1,502 SQFT
View details More Photos Save

Brand New Construction In Desirable Hobe Sound In Martin County!! Enter This Spacious, Open Concept 2 Bedroom + Flex Room, 2 Bath Home & Find Yourself In An Open And Bright Great Room/dining Area. The Open Kitchen Features A Breakfast Bar, A Larg...

Beaches Multiple Listing Service Logo

2780 S Ocean Blvd #308, Palm Beach, FL - $450,000

Residential, Condo or Coop
  • 2 Beds
  • 2 Baths
  • 1,294 SQFT
View details More Photos Save

Bright And Impeccable, This ''feel-good'' 2 Bedroom . 2 Bath Southern Exposure Unit Has Excellent Amenities And A Great Location. Well Serviced Building With Beach Cabanas, Resort Style Pool And Fitness Center. Full Impact Windows/doors. Update...

Beaches Multiple Listing Service Logo

10625 Se Rosemarie Ct, Hobe Sound, FL - $286,900

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,342 SQFT
View details More Photos Save

Beautiful 3 Bedroom, 2 Bath, 2 Car Gar With Fenced In Yard. Newer Kitchen With Granite And Stainless Steel Appliances (2016) With Microwave (2019). New Vanity In Master Bath, Wood Laminate Floors, Low Hoa Includes Lawn Care And Pool. Extended S...

Beaches Multiple Listing Service Logo

3903 Sw Whispering Sound Dr, Palm City, FL - $231,750

Residential, Townhouse / Villa / Row
  • 2 Beds
  • 2 Baths
  • 1,657 SQFT
View details More Photos Save

Desirable Martin County Address. 55+ Active Adult Life Stlyle. Unit Has Been Maticulously Maintained And Upgraded. New A/c, New Stainless Steel Appliances, New Carpets. Accordion Hurricane Shutters For All Windows. Screened In Covered Patio To Enj...

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 2019 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2019 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on February 22nd, 2019 at 12:31pm CST.