Airbnb & VRBO Performance in Cocoa Beach Florida.

Short-Term Rental Regulations in Cocoa Beach, Florida for 2024

Registration and Licensing

• Short-term rental properties must be registered with the city of Cocoa Beach and pay applicable fees.
• Owners must obtain a Florida Department of Business and Professional Regulation (DBPR) license for transient public lodging establishments.

Occupancy Limits

• Maximum occupancy is limited to 2 people per bedroom plus 2 additional occupants, with a total maximum of 8 people per property. Some grandfathered properties may have higher limits.

Parking Requirements

• A minimum of one off-street parking space is required, with a maximum of 4 vehicles allowed per property.

Safety Standards

• Properties must meet applicable safety standards, including having at least one phone with 911 access.

Local Contact Person

• Designate a local contact person available 24/7 to respond to any issues related to the rental property.

Advertising Regulations

• New Ordinance 1694 targets misleading advertising practices, classifying false advertising as a public nuisance. This allows the city to impose higher fines and seek legal relief through civil infractions.

Compliance and Enforcement

• Only about 250 out of an estimated 1,200 to 1,400 short-term rentals are currently registered. The city is considering hiring dedicated code enforcement officers to manage registrations and ensure compliance.
• Failure to register or comply with regulations can result in significant fines, with the city discussing the possibility of higher fines for repeat offenders.

State and Local Taxes

• Short-term rental operators must collect and remit the 6% Florida state sales tax, plus any applicable discretionary sales surtax and the Brevard County Tourist Development Tax.

Additional Regulations

• Properties must comply with any additional rules set forth by homeowners associations (HOAs) or condominium complexes if applicable.
• Local governments can impose rules related to noise, parking, trash, and other aspects that fall under general residential regulations, despite state laws limiting certain types of regulations.

Grandfathered Properties

• Properties operating as vacation rentals before the ordinance's adoption in 2020 may be grandfathered in and exempt from some of the new requirements if the owner applied for this status by June 5, 2020.

Community Engagement

• The city is considering forming a formal task force to engage community members and provide a formal avenue for residents to express concerns and receive updates on city actions.

Top Neighborhoods for Airbnb Revenue in Cocoa Beach, Florida

Why These Neighborhoods Are Appealing

Cocoa Beach, known for its vibrant beach lifestyle and proximity to major attractions, offers several neighborhoods that are particularly lucrative for Airbnb investments. Here are the top neighborhoods and what makes them appealing to guests:

1. Cocoa Beach Pier Area

• Appeal: This area is central to the beach experience, with the iconic Cocoa Beach Pier, numerous restaurants, and shops. Guests can enjoy surfing, fishing, and other beach activities.
• Revenue Potential: Properties near the pier benefit from high demand due to the area's popularity and amenities, contributing to the overall high occupancy rate and revenue in Cocoa Beach.

2. Lori Wilson Park Area

• Appeal: This neighborhood is surrounded by a beautiful park, offering a tranquil atmosphere while still being close to the beach. It's ideal for families and those seeking a mix of relaxation and beach activities.
• Revenue Potential: The park's amenities and the area's family-friendly environment make it a sought-after location, driving up occupancy rates and revenue for Airbnb hosts.

3. Alan Shepard Park Area

• Appeal: Named after the famous astronaut, this park area is known for its recreational facilities and stunning beach views. It's a favorite among surfers and beachgoers.
• Revenue Potential: The park's popularity and the area's recreational opportunities ensure a steady stream of guests, contributing to the high occupancy rates and revenue in Cocoa Beach.

4. Kennedy Space Center Visitor Complex Area

• Appeal: Although not directly in Cocoa Beach, properties near this complex are attractive due to the area's historical significance and tourist interest. Guests can easily access the beach while also exploring the space center.
• Revenue Potential: The proximity to a major tourist attraction like the Kennedy Space Center increases demand for short-term rentals, making this area profitable for Airbnb hosts.

5. Downtown Cocoa Beach

• Appeal: This area is bustling with activity, featuring shops, restaurants, and entertainment venues. It's perfect for guests who want to be in the heart of the action.
• Revenue Potential: Downtown properties benefit from the high foot traffic and the variety of amenities, leading to higher occupancy rates and revenue. The oceanfront and beach access add to the appeal.

Key Statistics

• Occupancy Rate: 70% median occupancy rate across Cocoa Beach.
• Average Daily Rate: $201.
• Average Annual Revenue: $48,000 per listing.
• Best Month: March, which is the peak month for occupancy and revenue.

These neighborhoods offer a combination of beach lifestyle, recreational activities, and access to local attractions, making them highly appealing to guests and profitable for Airbnb hosts.

Creating an Inviting Airbnb in Cocoa Beach, Florida: Design and Furnishing Tips

Beach-Themed Décor

• Embrace a beach-inspired theme with oceanic color palettes featuring shades of blue and sandy tones.
• Use maritime decorations such as shells, starfish, and artwork showcasing beach scenes or local wildlife to reflect the local culture and scenery.

Comfortable and Functional Furniture

• Choose furniture that combines comfort with functionality, using durable and easy-to-clean materials suitable for guests coming from the beach.
• Opt for cozy sofas, ample seating areas, and outdoor lounging options to enhance relaxation and enjoyment.

Amenities for Beach Activities

• Provide amenities that enhance the beach-going experience, such as beach chairs, umbrellas, surfboards, and beach towels.
• Consider offering bicycles for guests to explore the local area.

Well-Equipped Spaces

• Ensure the property is well-equipped for a comfortable stay with a fully stocked kitchen, comfortable bedding, adequate lighting, and modern conveniences like Wi-Fi, air conditioning, and entertainment systems.

Outdoor Spaces

• Make the most of outdoor spaces by creating inviting areas for relaxation and entertainment, such as patios or balconies with comfortable seating, BBQ areas, or small garden spaces.

Local Touches

• Add elements that highlight the local culture and attractions of Cocoa Beach, including maps of the area, guides to local restaurants and activities, and artwork or crafts from local artisans.

Eco-Friendly Options

• Incorporate eco-friendly practices and sustainable options, such as using energy-efficient appliances, providing recycling bins, and using eco-friendly cleaning products to resonate with environmentally conscious guests.

Safety and Accessibility Features

• Ensure the space is safe and accessible for all guests by installing smoke detectors, providing a first aid kit, and considering features like step-free access or other accommodations for guests with mobility challenges.

Unique and Personalized Elements

• Add unique and interesting pieces to liven up the space, such as artwork, sculptures, or decorations found at flea markets, vintage shops, or thrift stores to give the rental a lived-in feel.

Detailed and Engaging Descriptions

• Craft compelling descriptions that vividly portray the experience of staying at your property, including specifics about the space, amenities, and any unique characteristics. Highlight the proximity and ease of access to Cocoa Beach’s attractions.

Personalized Guest Experience

• Impress guests with personalized welcome baskets filled with local delights and customized local guidebooks with personal recommendations for dining, hidden spots, and activities. Ensure clear and prompt communication while respecting guest privacy.

Discovering Cocoa Beach, Florida: Local Attractions and Insider Tips

Local Attractions

Beaches and Water Activities

• Cocoa Beach Pier: A historic pier with shops, restaurants, and stunning ocean views. Enjoy volleyball courts, fishing, and live music.
• Lori Wilson Park: A tranquil oasis with a nature trail, picnic areas, and a beautiful beach. Free parking and lifeguard stations available.
• Alan Shepard Park: Features picnic areas, playgrounds, and beach volleyball courts. Ideal for family outings.
• Surfing and Surf Lessons: Take advantage of Cocoa Beach's consistent waves with surf lessons or rentals. Perfect for both beginners and experienced surfers.
• Kayaking and Paddleboarding: Explore the Banana River and spot manatees and dolphins on guided tours.

Land Activities

• Cocoa Beach Skate Park: A popular spot for skateboarding, featuring deep bowls and a half pipe. Great for both beginners and experienced skaters.
• Golfing: Enjoy golfing at courses like Cocoa Beach Country Club or Turtle Creek Golf Club.
• Nature Trails: Explore the Maritime Hammock Preserve or Banana River Park to observe native plants and wildlife.

Cultural and Educational Attractions

• Ron Jon Surf Shop: The world's largest surf shop, open 24 hours a day, with a unique interior featuring fish tanks, glass elevators, and waterfalls.
• The Dinosaur Store and Museum: Dedicated to prehistoric history, with an extensive collection of fossils and artifacts.
• Astronaut Memorial Planetarium & Observatory: Features star shows, a 3-story IWERKS movie theater, and laser shows.

Nearby Attractions

• Kennedy Space Center Visitor Complex: A must-visit for space enthusiasts, with interactive exhibits, astronaut encounters, and live rocket launches.
• Merritt Island National Wildlife Refuge: Provides a range of habitats and is a great spot for nature lovers.

Insider Tips

Getting Around

• Trolley Service: Use the trolley running from Port Canaveral to Cocoa Beach for convenient transportation.
• Car Rental: Recommended for exploring beyond the island, as the area is not entirely walkable.

Dining and Nightlife

• Coconuts on the Beach: A local favorite beach bar with live music, specialty cocktails, and great food.
• Ossorio Bakery: Located in Cocoa Village, offers wood-fired pizza, pastries, sandwiches, and delicious ice cream.
• Crydermans: A fantastic BBQ spot with pulled pork sandwiches and a must-try cornbread cookie.
• The Tiny Turtle: A fun local restaurant with a Puerto Rican/Caribbean menu and a beach-themed patio.

Events and Festivals

• NKF Rich Salick Pro-Am Surf Festival: Annual surfing competition in September.
• Cocoa Village’s Children’s Festival and Earth Day Family Fun Fest: Family-friendly events in April.
• Space Coast Mural Festival: A week-long mural exhibition and street party in March.

Other Tips

• Parking at the Pier: Be aware that parking at the Cocoa Beach Pier may incur costs, with discounted rates for Florida residents.
• Bioluminescent Kayaking: Experience the magical nighttime adventure of bioluminescent kayaking in the Indian River Lagoon.
• Beach Amenities: Many beach areas include recreational parks, picnic tables, and public showers.

Practical Tips to Run a Successful Short-Term Rental Business in Cocoa Beach, Florida

To ensure a smooth and enjoyable experience for both guests and neighbors in Cocoa Beach, Florida, several practical tips can be implemented when running a short-term rental business.

Noise Regulations and Quiet Hours

Informing guests about quiet hours is crucial to maintain a harmonious environment. Include clear guidelines on quiet hours in your digital and physical house manual, and consider posting reminders in the property to avoid any disturbances.

Creating a Comprehensive House Manual

Develop a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline house rules, including noise regulations, to ensure guests are well-informed and respectful of the property and its surroundings.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, along with photos of the parking area and any specific parking instructions. This not only enhances guest convenience but also reduces the likelihood of misunderstandings or issues upon arrival.

By implementing these strategies, you can create a welcoming and well-organized environment that enhances the guest experience, fosters positive relationships with neighbors, and contributes to the overall success of your short-term rental business in Cocoa Beach.

Here is a brief list of house cleaning providers in the Cocoa Beach, Florida area:

House Cleaning Services

Nancy's House Cleaning Service

• Provides professional cleaning services for residents, vacation rentals, and businesses in Cocoa Beach and the Space Coast.

Merry Maids

• Offers expert cleaning services with 40 years of experience, serving Cocoa, Titusville, and all of Brevard County.

Royal Maids

• Provides licensed, bonded, and insured housekeepers for residential and business cleaning in Rockledge and Cocoa Beach.

First Call Cleaning LLC

• A local, woman-owned business offering high-quality deep cleaning services for residential and commercial clients in Cocoa, Cocoa Beach, and Brevard County. They provide customized cleaning schedules and are fully insured and bonded.

Cocoa Beach, Florida: Understanding Short-Term Rental Management Fees

In Cocoa Beach, Florida, the fees for short-term rental property management can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. This type of management often includes coordinating bookings, responding to inquiries, managing check-in and check-out, overseeing cleaning and inspections, and handling property maintenance, all of which can justify the higher fee.

In contrast, basic or partial management services, which may require more owner involvement in tasks like cleaning and maintenance, are generally less expensive. Additionally, owners may incur extra fees for specific services such as deep cleaning, repairs, or property design and staging. These fees can add to the overall cost but are often necessary to maintain the property's attractiveness and operational efficiency.