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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

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2661 Ravella Lane, Palm Beach Gardens, FL - $355,000

Residential, Townhouse / Villa / Row
  • 2 Beds
  • 4 Baths
  • 2,096 SQFT
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Absolutely Gorgeous, Meticulously Maintained Amalfi Model. Bright And Sunny, This Spacious Floor Plan Offers A Large Open Living Room With Bay Window, European Styled Kitchen With Large Walk In Pantry For Storage, Wine Bar Area, Large Formal Dini...

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603 Club Dr #603, Palm Beach Gardens, FL - $249,900

Residential, Townhouse / Villa / Row
  • 2 Beds
  • 2 Baths
  • 1,135 SQFT
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Beautifully Redesigned And Renovated Most Popular Townhouse/ Villa In Pga National Resort And Spa. Great Income Rental Potential. Shows Well And In Good Condition. This Is One Of The Nicest Club Cottages You Will See On The Market Today! Be Quick!

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10268 158th St N, Jupiter, FL - $389,000

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,440 SQFT
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Come Enjoy This Key West Style Home On A Tranquil 1.25 Acres In Jupiter Farms. The 20' Ceilings, French Doors, And Open Floor Plan Make For A Comfortable Living Space With A Ton Of Natural Light. The Master Suite Opens To The Patio With Bamboo Flo...

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13 Via Del Corso, Palm Beach Gardens, FL - $399,000

Residential, Single Family Detached
  • 3 Beds
  • 2 Baths
  • 1,456 SQFT
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Villa D'este Has The Ambiance Of A Mediterranean Village W/many Features Reminiscent Of Italian Villages Including Cobblestone Tree Lined Streets, Stone Benches, Art Niches And Lush Lanscaping. Come See This One Story Sf Home W/ A 2 Car Garage & P...

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1605 S Us Highway 1 #c102, Jupiter, FL - $215,000

Residential, Condo or Coop
  • 1 Bed
  • 2 Bath
  • 860 SQFT
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Desirable Location!! This Is A First Floor Unit With A Small Lake And Fountain Views From The Screened Patio, Living Room And Kitchen. This 1 Bedroom, 1.5 Bathroom Unit Is Pet Friendly And Comes Furnished With Exception To The Living Room Recline...

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1313 13th Lane, Palm Beach Gardens, FL - $240,000

Residential, Townhouse / Villa / Row
  • 2 Beds
  • 3 Baths
  • 1,596 SQFT
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:location, Location, Location! Lovely 3 Bedroom, 2.5 Bath Townhome Conveniently Located Within Walking Distance Of The Highly Sought-after Palm Beach Gardens Area, Close To The Mall And The Pga Resort. Lots Of Restaurants On Pga Blvd., Publix, Cv...

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198 Isle Verde Way, Palm Beach Gardens, FL - $569,900

Residential, Single Family Detached
  • 4 Beds
  • 3 Baths
  • 2,344 SQFT
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Look No Further... Completely Updated Cortina Model 4bed /2.5 Ba With Over $100k In Upgrades. Updated Bright Kitchen With Huge Island, New Counter Tops , Stainless Steel Kitchen Appliances, Custom Built In Family Room Unit, Built In Living Room F...

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248 Fortuna Dr, Palm Beach Gardens, FL - $319,888

Residential, Townhouse / Villa / Row
  • 3 Beds
  • 3 Baths
  • 1,570 SQFT
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Meticulous Townhome Is Catalina Lakes! This Is A Beautiful Two Story, 3 Bedrm 2.5 Bath Townhome With Attached 1 Car Garage. As You Enter The Home You Will Be Graced With Travertine And Granite Flooring Throughout The Entire First Floor. Open Liv...

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201 Andalusia Dr, Palm Beach Gardens, FL - $485,000

Residential, Single Family Detached
  • 3 Beds
  • 3 Baths
  • 2,285 SQFT
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The Original Estancia Model In Mirasol Country Club With 3 Bedrooms And An Open Great Room Style Floor Plan. Numerous Decorated Appointments Throughout The Home Including Crown Molding, Surround Sound Speakers, Family Room Entertainment Center, S...

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1637 Sw Meadowview Way, Palm City, FL - $319,000

Residential, Townhouse / Villa / Row
  • 2 Beds
  • 2 Baths
  • 1,540 SQFT
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This Updated Villa Has It All...best Lot In Parkside On A Cul De Sac With A Lake View And A Pool At The End Of The Street Surrounded By Large Trees And Flowering Bushes. Very Private With A ''park Like'' View. Interior Is A Light& Bright Open Fl...

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2565 S Ocean Blvd #2150, Palm Beach, FL - $207,900

Residential, Condo or Coop
  • 1 Bed
  • 1 Bath
  • 640 SQFT
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''at The Beach'',is An Awesome Place To Walk, Swim, Sunbathe, Relax, People Watch, Fish, Boat, Or Surf, Your Only ''steps'' From Doing Just That, So If That's A Lifestyle Your Looking For, Check Palm Beach Whitehouse!! A Waterfront Community With ...

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160 Village Blvd #b, Tequesta, FL - $275,000

Residential, Townhouse / Villa / Row
  • 3 Beds
  • 2 Baths
  • 1,417 SQFT
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Enjoy This Beautiful, Spacious And Very Well Maintained 3 Bedroom, 2 Bath Floor Plan With 1 Car Garage In The Heart Of Tequesta, Walking Distance To Shops, Publix And Restaurants. The Home Has Upgraded Over-sized White Kitchen Cabinets, Updated Fl...

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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 August 17th, 2019 at 4:00pm CDT.