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.

Quick Tips:

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.