Miami Condos That Allow Airbnb
Miami is one of the most expensive Airbnb markets in the world, with an average monthly price of a short-term rental costing $8,024, according to a recent study. This makes Miami the third most profitable Airbnb market globally for hosts, after Las Vegas.
While Airbnb rental properties in Miami and Miami Beach are growing exponentially and can make for a very lucrative investment, finding a Miami condo or condo hotel that allows for short term rentals is not as straightforward as it seems.
In 2021, Miami Airbnbs hosted 710,000 guests and earned a collective $200 million, Airbnb said. With big events like spring break, the Miami Open and Ultra Music Festival, Miami Airbnb hosts stand to gain thousands of dollars in March and April.
Airbnb said that in December and January, searches for Miami stays during spring break period, from March 14 to April 6, were up 200% compared to last year. Miami hosts earned a collective $7 million during that stretch in 2019, the last spring break before the pandemic.
Airbnb rental property investments are a hot topic all around the U.S, but it is even more relevant in Miami and Miami Beach for a number of reasons. First, given the constant growth of the Miami area, many see Airbnb condo investments as a way to participate in real estate investing in Miami by creating cash flow while holding onto a property that is likely to continue increasing in value.
Pro-Tip #1: Understand the Financing Rules
Condo buildings that allow Airbnb or short-term rental (meaning daily or weekly rentals) have different financing rules than typical condos. Financing for condos that allow 30-day or longer rentals is more conventional, while condos that allow daily rentals can require different types of financing. Use our Guide on How to Finance a Short-term or Vacation Rental to make sure you understand your financing options.
Pro-Tip #2: Consider a Condo-Hotel
Condo-Hotels can be a great option to invest in for Airbnb rentals, since they have flexible rental rules and already have management focused on clients renting for short terms. But Condo-Hotels require special financing rules, too, and often have their own rules if you want to manage your condo-hotel unit through Airbnb instead of the hotel’s management program. Use our guide to buy a condo-hotel in Miami to help you navigate that option.
Airbnb Approved Condo Buildings
Here is a list of most of the Miami-area condo buildings that allow some form of short-term rentals. It is still important to verify with the condo association whether daily rentals like Airbnb are allowed per the condo docs. There are occasions where the management may be allowing the Airbnb rentals at the moment even though the building is not officially approved for daily rentals. Do your due diligence, or reach out to us to help you with your condo search or to help you verify the condo’s rules and regulations.
THIS LIST IS FLUENT AND CHANGING FREQUENTLY.
CHECK OUT WHICH BUILDING YOU LIKE AND AT WHAT PRICE RANGE
THEN CONTACT ME DIRECTLY TEXT 305-801-2345 THANK YOU
LINKS CLICKABLE ON BUILDING NAME !
|CONDO NAME||NEIGHBORHOOD||PRICES||RENTAL POLICY|
|1 Hotel & Homes||South Beach||$1,170,000 – $5,950,000||Daily, only hotel program|
|ABAE (1215 on West)||South Beach||$299,000 – 425,000||Daily, only hotel program|
|Akoya||Mid Beach||$500,000 – 2,500,000||Monthly, Seasonal|
|Aria Reserve*||Edgewater||Contact us||30 days, 4 times per year|
|Aventura Beach Club / Marco Polo Residences||Sunny Isles Beach||$147,000 – $365,000||Daily|
|Barbizon Beach Club||South Beach||Contact us||Daily|
|Bayshore Yacht & Tennis Club||North Bay Village||$130,000 – 4,000,000||Daily|
|Bentley Beach Hilton||South Beach||$665,000 – $1,090,000||Daily|
|Brickell House||Brickell||$285,000 – 5,800,000||Monthly, Seasonal|
|Carillon Resort and Condo (Center Tower)||North Beach||$425,000 – $1,950,000||Daily|
|Carlyle Deco Hotel||South Beach||$700,000 – $1,500,000||Daily|
|Congress Hotel – Strand Condo||South Beach||$379,000 – $720,000||No restrictions|
|Conrad Mayfield||Brickell||$390,000 – $1,549,000||Daily|
|Costa Hollywood||Hollywood||$150,000 – 750,000||No restrictions|
|The District*||Downtown Miami||Contact us||Daily|
|E11even Hotel & Residences*||Downtown||Contact us||Daily. Pre Construction (WebComing)|
|Edition Miami Beach||South Beach||$1,900,000 – 7,500,000||Monthly|
|Emilia Edgewater||Edgewater||$249,000 – 469,000||Daily, no restrictions|
|Empire Condo||South Beach||Contact us||Daily|
|Faena Hotel Residences||Mid-Beach||Contact us||Daily , none available|
|Fortune House||Brickell||$239,000 – $410,000||Daily|
|Fountainebleau||Mid Beach||$669,000 – 3,200,000||Daily|
|Four Seasons Residences Brickell 1425||Brickell||$329,000 – 25,000,000||Daily|
|Grand Bay Ritz Carlton||Key Biscayne||$490,000 – 1,800,000||Monthly, Seasonal|
|Icon Brickell III (W Miami)||Brickell||$345,000 – $780,000||No restrictions|
|King David||Sunny Isles Beach||$400,000 – 600,000||Monthly, Seasonal|
|La Perla||Sunny Isles Beach||$525,000 – 1,300,000||Monthly, Seasonal|
|Le Cartier||Sunny Isles Beach||$215,000 – 400,000||7 days|
|Legacy Hotel and Residences||Downtown Miami||$350000 – and up||Daily Sold out!|
|M Resort Residences||Sunny Isles Beach||$384,900 – $1,050,000||Daily|
|Marenas SUNNY ISLES|
|Fisher Island||Contact us||Daily|
|Midblock||Midtown||$265,000 - 494,900||Daily|
|Mondrian||South Beach||$3,000 – $870,000||Daily|
|Ocean Place||South Beach||$449,000- 1,400,000||Weekly|
|Ocean Point Beach Club||Sunny Isles Beach||$344,900 – $1,250,000||Daily if in hotel program, or if not in hotel program, then 3 months (6 months max), 3 times a year|
|Ocean Reserve||Sunny Isles Beach||$259,000 – 500,000||Daily if unit registered for short term rentals|
|Okan Tower*||Downtown||contact us||Daily|
|Oleta House||North Miami Beach||$250,000 – $1,500,000||Daily|
|Opera Tower||Edgewater||$199,000 - 1,199,000||30 day minimum, 12 times a year|
|Q Club (Hilton)||Fort Lauderdale||Contact us||Daily (condo-hotel)|
|Quadro||Design District||$450,000 – 850,000||Daily|
|Ritz-Carlton Coconut Grove||Coconut Grove
3300, 3340, 3350 and 3400 SW 27 Avenue, Coconut Grove, Florida 33133
|$499,000 – 3,500,000||Monthly, Seasonal|
|Roney Palace||South Beach||$445,000 – 2,999,000||Monthly, Seasonal|
|Setai||South Beach||$1,499,000 – $8,300,000||Daily|
|SLS Brickell||Brickell||$375,000- 1,890,000||Daily for condo-hotel units|
|The Club at Brickell Bay||Brickell||$198,500- 455,000||Daily|
|The Grand||Edgewater||$1,800 - 2,500,000||30 day minimum, 12 times a year|
|The Flamingo||South Beach||$400k-1,5 Mill||Monthly, Seasonal|
|The Mercury||South Beach||$274,000-$825,000||Daily|
|The Mutiny||Coconut Grove||$299,000-595,000||Daily|
|The Sail on Brickell||Brickell||$250,000 – $400,000||Monthly, Seasonal|
|W Residences Fort Lauderdale||Fort Lauderdale Beach||$650,000 – 1,500,000||Daily|
|W Hotel South Beach||South Beach||$700,000 – 10,000,000||Daily|
|Waldorf Astoria*||Downtown||Contact us||Daily|
|Yacht Club at Aventura||Aventura||$300,000 – 420,000||Daily|
|Z Ocean Hotel||South Beach||$249,000 – 4,900,000||No restrictions|
*Preconstruction Condo Projects