Cape Canaveral, Florida, is experiencing a robust short-term rental market, with an average 61% occupancy rate, a $209 daily rate, and $19,930 in monthly revenue, indicating a strong and lucrative environment for vacation rental investors.
Thriving Short-Term Rental Market in Cape Canaveral, Florida
Cape Canaveral, Florida, is experiencing a robust short-term rental market, making it an attractive destination for both investors and vacationers. According to recent data, short-term rentals in the area boast an impressive 61% occupancy rate, indicating a strong demand for temporary housing. The average daily rate for these rentals stands at $209, contributing to a substantial monthly revenue of $19,930. This performance is further bolstered by the diverse range of rental options, with 51% of listings being 2-bedroom units and a high availability of amenities such as internet, air conditioning, and kitchens. Despite some regulatory challenges, the overall metrics suggest a healthy and lucrative short-term rental market in Cape Canaveral.
Short-Term Rental Regulations in Cape Canaveral, Florida for 2024
Licensing and Registration
- Short-term rental properties must be registered with the City of Cape Canaveral as part of the Vacation Rental and Inspection Program, which began on October 1, 2021.
- A $30 application fee is required for the registration.
Minimum Stay Requirements
- There is a minimum stay requirement of 7 nights for short-term rentals. Properties must adhere to this minimum stay or face fines.
Property Inspections
- Properties must undergo inspections as part of the Vacation Rental and Inspection Program to ensure compliance with safety and sanitation standards.
Business Tax Receipts
- Owners must obtain and annually renew a City and County Business Tax Receipt (BTR).
Occupancy Limits
- Maximum overnight occupancy is regulated, though specific limits may vary based on the property's configuration and local ordinances.
Safety and Information Notice
- Owners must post a safety and information notice in the rental property.
Prohibitions
- There are prohibitions on renting individual rooms, and occupancy limits for the vacation rental owner's family.
Fees and Penalties
- A "reasonable fee" can be charged by the city for registration. Significant fines can be imposed for non-compliance with local ordinances, including operating without proper registration or permits.
Enforcement
- The city actively enforces these regulations, and violations can result in fines and other penalties. Complaints for vacation rental violations can be filed with the city.
Additional Requirements
- Physical presence may be required for yearly inspections or other compliance checks.
- Compliance with local tax laws, including the collection and remittance of the 6% Florida state sales tax and the 5% Brevard County Tourist Development Tax, is mandatory.
Tips for Furnishing and Designing an Inviting Airbnb in Cape Canaveral, Florida
Color Palette and Aesthetics
- Use a neutral color palette for walls and large furniture pieces to create a relaxed and welcoming atmosphere. This allows guests to feel at ease without being overwhelmed by bold colors.
Local and Coastal Themes
- Incorporate coastal and space-themed elements to reflect Cape Canaveral's unique identity. This can include nautical colors, beach-inspired decor, and space-related accents to tie in with the city's proximity to the Kennedy Space Center.
Functional and Durable Furnishings
- Choose furnishings that are both functional and durable, as vacation rental properties experience high turnover. Opt for high-quality linens, beds, and appliances to ensure guest comfort and satisfaction.
Outdoor and Pool Areas
- Highlight outdoor spaces, such as pools, hot tubs, and BBQ areas, which are highly sought after by guests in Cape Canaveral. Ensure these areas are well-maintained and equipped with necessary amenities like outdoor seating and grilling facilities.
Modern Appliances and Technology
- Equip the property with modern appliances and technology to enhance guest convenience. This includes smart TVs, high-speed internet, and smart home devices to make the stay more comfortable and connected.
Guest-Centric Amenities
- Include family-friendly amenities such as high chairs, travel cribs, and strollers to cater to a wide range of guests. Also, consider dedicated workspaces for guests who may need to stay productive during their stay.
Safety and Compliance
- Ensure the property complies with local regulations and safety standards. This includes registering the property, obtaining necessary business tax receipts, and posting safety and information notices as required by the City of Cape Canaveral.
Attention to Detail
- Pay attention to details such as mosquito screens, quality bedding, and easy check-in/check-out processes to enhance the overall guest experience and encourage positive reviews.
Local Touches
- Add local touches such as information about nearby attractions like the Kennedy Space Center, Port Canaveral, and Cocoa Beach. This helps guests feel more connected to the area and enhances their vacation experience.
Discovering Cape Canaveral: Local Attractions and Insider Tips for Airbnb Hosts
Top Local Attractions
Beaches and Water Activities
- Cape Canaveral Beaches: Enjoy sunbathing, surfing, and relaxing on the pristine beaches with soft sands and warm waters.
- Jetty Park Beach and Pier: A favorite spot for beachgoers, offering soft sands, clear waters, and excellent fishing opportunities.
- Cocoa Beach Pier: A must-visit for its oceanfront restaurants, shops, and fishing spots.
Space and History
- Kennedy Space Center Visitors Complex: Explore the history of the U.S. space program, see rockets and shuttles, and experience a simulated space launch.
- Air Force Space & Missile History Center: Learn about the history of space and missile launches at Cape Canaveral Air Force Station.
Nature and Wildlife
- Manatee Sanctuary Park: A tranquil park where you can spot Florida’s gentle manatees in their natural habitat.
- Airboat Tours: Experience the natural beauty of the Space Coast’s wetlands and see diverse wildlife, including alligators and eagles.
- Brevard Zoo: Offers treetop treks, guided kayak tours, and the opportunity to feed giraffes and lorikeets.
Landmarks and Entertainment
- Cape Canaveral Lighthouse: A historic beacon with tours offering insights into maritime history and spectacular coastal views.
- Exploration Tower: Features seven floors of exhibits, interactive displays, and panoramic views from the observation deck.
- The Cove: A waterfront dining and entertainment district with fresh seafood, live music, and local boutiques.
Other Attractions
- Cocoa Village and Shops: Explore unique shops, galleries, and restaurants in this vibrant arts district.
- Cocoa Beach Aerial Adventures: An aerial park with challenges set in a canopy of live oak trees, suitable for all ages and adventure levels.
- Sams House at Pine Island Conservation Area: A historic house and conservation area offering a glimpse into the region's natural and cultural heritage.
Insider Tips for Airbnb Hosts
Transportation
- Public Transportation: Inform guests about the Space Coast Area Transit for easy travel around the area.
- Airport and Port Transfers: Offer information on private transfers from MCO airport to Port Canaveral or Cocoa Beach.
Local Events
- Rocket Launches: Provide guests with schedules and viewing tips for rocket launches, a unique experience in Cape Canaveral.
Outdoor Activities
- Beach Rentals: Recommend A1A Beach Rentals for affordable beach, bike, surf, and kayak rentals with delivery options.
- Fishing and Water Sports: Suggest deep sea fishing and various watersports available in the area.
Dining and Nightlife
- Local Cuisine: Recommend restaurants at The Cove and Cocoa Beach Pier for fresh seafood and local dining experiences.
- Live Music and Entertainment: Inform guests about live music events and nightlife options in The Cove and Cocoa Village.
Family-Friendly Activities
- Kennedy Space Center Tours: Suggest family-friendly tours and activities at the Kennedy Space Center, such as the Explore Bus Tour and astronaut meet-and-greets.
- Cocoa Beach Aquatic Center: Recommend the heated pool, waterslide, and spray park for a fun family day.
By providing these attractions and insider tips, you can enhance your guests' experience and make their stay in Cape Canaveral memorable and enjoyable.
Practical Tips to Run a Successful Short-Term Rental Business in Cape Canaveral, Florida
To ensure a smooth and profitable short-term rental business in Cape Canaveral, Florida, several practical tips can make a significant difference. Here are some key considerations:
Noise Regulations and Guest Communication
Inform your guests about quiet hours and noise regulations to maintain a peaceful environment for both your guests and neighboring residents. Include this information in your digital and physical house manual to avoid any misunderstandings.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details about the property. This manual should cover everything from appliance usage to emergency contact information, ensuring guests have all the information they need at their fingertips.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear parking instructions accompanied by photos to help guests navigate the property easily. This not only enhances the guest experience but also reduces the likelihood of issues during their stay.
By implementing these strategies, you can enhance guest satisfaction, reduce potential conflicts, and ensure your short-term rental business in Cape Canaveral operates efficiently and successfully. Additionally, staying compliant with local regulations, such as registering your property and paying the necessary taxes, is crucial to avoiding any legal issues.
Here is a brief list of house cleaning providers in Cape Canaveral, Florida:
House Cleaning Services in Cape Canaveral, FL
1. 321 Maids
- Offers residential cleaning services
- Contact: (321) 558-8192, info@321maids.com
- Address: 79 S Brevard Ave, Cocoa Beach, FL 32931.
2. ALL STARS CLEANING SERVICES LLC
- Highly recommended for professionalism, punctuality, and reasonable prices
- Listed on Angi.
3. Various Providers through Care.com
- Multiple affordable house cleaning options starting at $17.17/hr
- Searchable by rates, reviews, experience, and more.
4. Nancy's House Cleaning Service
- Provides cleaning services for residents, vacation rentals, and businesses
- Operates up and down the Space Coast, including Cape Canaveral.
Note: The list does not include repair or maintenance providers as the sources primarily focus on cleaning services.
Cape Canaveral, Florida: Understanding Short-Term Rental Management Fees
In Cape Canaveral, Florida, short-term rental management fees typically range from 10% to 30% of the rental revenue, varying based on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 30% of the rental income.
Basic service packages, which may only include coordination of bookings and minimal support, can be less expensive, falling towards the 10% to 15% range. Additionally, property owners may incur extra fees for services like cleaning, repairs, or property design and upgrades. These fees can be structured in various ways, depending on the property management company's policies and the specific needs of the property.