Airbnb & VRBO Performance in Duck Key Florida.

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Duck Key, Florida: Airbnb & VRBO Vacation Rental Market Overview

Despite a slight decline in summer occupancy, the short-term rental performance in Duck Key, Florida is showing promising signs of recovery, with late fall bookings pacing ahead of last year and rates remaining relatively stable.

Market overview

Thriving Short-Term Rentals in Duck Key, Florida: A Promising Outlook

Despite the broader trends in the U.S. vacation rental market, Duck Key in the Florida Keys is showing promising signs of resilience and growth in the short-term rental sector. As of the late fall season of 2024, occupancy rates are pacing ahead of the previous year, with November expected to be 2% ahead of last year's figures. This uptick in occupancy is complemented by stable average daily rates, which have remained fairly consistent, with rates in October and November pacing $8 higher per night than the previous year. The combination of these factors suggests that Duck Key's unique blend of luxurious villas, private amenities, and vibrant island activities continues to attract travelers, making it a standout destination in the vacation rental market.

Short Term Regulations

Short-Term Rental Regulations in Duck Key, Florida for 2024

Overview of Regulations

  • Minimum Stay Requirement:
  • In Duck Key, which is part of Monroe County, rentals of single-family homes are restricted to a minimum stay of 28 consecutive days. This means that short-term rentals of less than 28 days are not permitted for single-family homes.

Zoning and Land Use

  • Prohibited Areas:
  • Vacation rentals for less than 28 days are unlawful in certain land use districts such as Improved Subdivision (IS), Urban Residential Mobile Home (URM), and IS-M (Improved Subdivision Masonry).

Licensing and Permits

  • Special Vacation Rental Permit:
  • For areas where vacation rentals are allowed, property owners must obtain an annual Special Vacation Rental Permit from the Monroe County Planning & Environmental Resources Department. This includes an initial application fee of $490 and a renewal fee of $100. A Fire and Life Safety Inspection by the Fire Marshal’s office is also required.

Manager Requirements

  • Vacation Rental Manager License:
  • Each vacation rental unit must have a vacation rental manager who has been issued a special vacation rental manager license by the Planning & Environmental Resources Department. The application fee for this license is $110.

Advertising Compliance

  • Advertising Restrictions:
  • All advertising must reflect the 28-day minimum stay requirement and monthly rates for rental or lease. It is unlawful to advertise or offer any dwelling unit for vacation rental use in districts where such use is prohibited.

Business Tax License

  • Business Tax Requirement:
  • All rentals, both long-term and short-term (where allowed), require a business tax license.

State and Local Taxes

  • Tourist and Sales Taxes:
  • Property owners must collect and remit state sales tax and local tourist taxes, which typically range between 7.5% and 12% of the rental revenue.

Compliance and Enforcement

  • Code Compliance:
  • Property owners must comply with all Land Development Code requirements to avoid code compliance action. Local governments can suspend vacation rental registrations for up to 30 days following three or more violations of local ordinances within a 90-day period.

Additional Regulations

  • Occupancy Limits:
  • While not specific to Duck Key, Monroe County and other local governments may impose occupancy limits based on the number of bedrooms and other criteria as per state and local regulations.

By adhering to these regulations, property owners in Duck Key can ensure compliance and maintain the integrity of the local community and environment.

Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Duck Key, Florida, and Their Appeal to Guests

While specific neighborhood-level data for Duck Key is not extensively detailed in the sources, we can infer the attractiveness and revenue potential of the area based on its broader context within the Florida Keys. Here are some insights into why Duck Key and its surrounding areas are appealing for guests and potentially lucrative for Airbnb investors:

Key Largo and Surrounding Areas

  • Proximity to Mainland and Amenities: Locations like Key Largo, which is close to Duck Key, offer easy access to mainland Florida while still providing the tranquil and scenic experience of the Florida Keys.
  • Natural Beauty and Activities: The area is known for its world-class diving spots, marine life, and stunning natural beauty, making it a premier destination for tourists interested in outdoor activities such as diving, fishing, and snorkeling.

Tavernier

  • Central Location: Tavernier, situated in the Upper Keys between Miami and Key West, is ideally located for guests who want to explore various parts of the Florida Keys. It offers proximity to state parks and coral reefs, making it a hub for diving, fishing, and snorkeling.
  • Amenities and Reviews: Properties in Tavernier are highly rated for their cleanliness, location, and amenities such as private beaches, heated pools, and on-site cafes and bars.

Marathon

  • Family-Friendly and Relaxing: Marathon, another nearby location, is praised for its family-friendly rentals, waterfront properties, and relaxing atmosphere. Guests can enjoy activities like kayaking, paddleboarding, and exploring the local beaches.
  • Highly Rated Properties: Properties in Marathon are highly rated by guests, with many featuring modern amenities like hot tubs, pools, and private docks.

Why These Areas Are Appealing

  • Scenic Views and Outdoor Activities: The combination of beautiful sunsets, sunrises, and access to various outdoor activities makes these areas highly appealing to guests seeking a relaxing yet adventurous vacation.
  • Amenities and Services: The presence of well-maintained properties with amenities like pools, hot tubs, and on-site dining options enhances the guest experience.
  • Central and Convenient Locations: Being centrally located within the Florida Keys allows guests to easily explore different parts of the region, making these neighborhoods attractive for both short and long-term stays.

While Duck Key itself may not have detailed neighborhood-specific data, its inclusion within the broader context of the Florida Keys highlights its potential as a lucrative and appealing destination for Airbnb investors and guests alike.

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Design Tips

Creating an Inviting Airbnb in Duck Key, Florida: Design and Furnishing Tips

To craft an Airbnb in Duck Key, Florida, that is both inviting and reflective of the city's unique style, consider the following tips:

Embrace the Coastal Theme

  • Use a beach-inspired color palette with shades of blue, green, and sandy neutrals to evoke the feeling of the ocean and surrounding environment.
  • Incorporate natural materials such as wood, wicker, and rattan for furniture and decor.

Highlight Local Amenities

  • If your rental includes a dock or boat slip, emphasize this feature with nautical-themed decor and ensure the dock is well-maintained and equipped with necessary amenities like fish cleaning stations.

Optimize Outdoor Living

  • Create a serene outdoor space with private pools, tiki bars, and grills. These amenities are highly appreciated by guests and enhance the overall relaxation experience.
  • Ensure the outdoor area is well-lit for evening use and includes comfortable seating and dining areas.

Focus on Comfort and Cleanliness

  • Use high-quality, comfortable bedding and ensure each room is well-appointed with ample pillows and blankets. Cleanliness is crucial, so maintain a high standard of housekeeping.

Personalize with Local Touches

  • Add decorative elements that reflect the local culture, such as Key Lime-inspired decor, tropical art prints, and local crafts.
  • Provide a guide or e-book with recommendations for local activities, restaurants, and attractions to enhance the guest experience.

Ensure Family-Friendly and Pet-Friendly Amenities

  • For family-friendly rentals, consider adding amenities like pull-out beds, sound machines for babies, and outdoor spaces that are safe and enjoyable for children.
  • If your rental is pet-friendly, provide necessary pet amenities and ensure the property is pet-proofed.

Utilize Technology and Automation

  • Implement automated messaging systems to ensure smooth communication with guests regarding check-in, check-out, and other important details. However, be responsive to personal messages and queries.

Maintain a Well-Stocked Kitchen

  • Ensure the kitchen is fully equipped with all necessary appliances and utensils. This is particularly important for guests who plan to cook during their stay.

Enhance with Recreational Amenities

  • Include recreational amenities such as ping pong tables, air hockey tables, and access to nearby facilities like pools, beaches, and sports courts to keep guests entertained.

By following these tips, you can create an Airbnb in Duck Key that is not only inviting but also reflective of the city's unique coastal charm.

Insider Tips

Discovering Duck Key, Florida: Local Attractions and Insider Tips for Your Guests

Local Attractions

Water Activities

  • Hawks Cay Marina: Allow guests to dock their own vessels and enjoy various water sports, including deep-sea fishing, snorkeling, and diving. Hawks Cay can connect them with recommended fishing charters and even cook their catch at Angler and Ale.
  • Robbie’s of Islamorada: A top tourist attraction offering snorkeling tours, sunset cruises, parasailing, boat rentals, and feeding tarpon. It's a must-visit for water sports enthusiasts.
  • Keys Cable Park - Ruhm Runner: A floating playground with trampolines, climbing walls, and other obstacles for an adrenaline-packed experience.

Beaches and Nature

  • Key Colony Beach: A stunning white sand beach in nearby Marathon, perfect for relaxation and sunbathing.
  • Coco Plum Beach: A free beach great for turtle spotting and turtle track identification. Marathon is known as the turtle capital of the Florida Keys.
  • Turtle Hospital: A rehabilitation center for injured turtles where guests can learn about conservation efforts.

Dining and Nightlife

  • Angler and Ale: A casual waterfront dining option at Hawks Cay Resort, known for its fresh seafood and great cocktail list. Try the ahi nachos and enjoy the patio views.
  • Morada Bay Beach Cafe: An upscale casual restaurant with delicious seafood, great customer service, and stunning sunset views.
  • Pierre’s Lounge and Dining Room: Offers French fusion cuisine in a colonial-style home with a dress code of “casual elegance”.

Other Attractions

  • Dolphin Connection: An opportunity to learn about dolphin conservation and have an up-close encounter with dolphins. Various programs are available, including dockside interactions and a dolphin trainer experience.
  • Guided Mangrove Kayak/Sandbar/Eco-Snorkel Expedition: A 3.5-hour all-inclusive trip that includes kayaking, eco-snorkeling, and exploring the Conch Nursery.

Insider Tips

Best Time to Visit

  • The best time to visit Duck Key is from November to April, known as the dry season. Mid-August through mid-October offers good weather but comes with a higher risk of tropical storms.

Getting Around

  • Duck Key is accessible via the Overseas Highway and is conveniently located between Miami International Airport and Key West International Airport.

Resort Amenities

  • Hawks Cay Resort: Offers a range of amenities including multiple pools, a saltwater lagoon, six dining options, and various activities like pirate shows, sword fighting classes, and s’mores nights.

Day Trips

  • Consider day trips to nearby destinations such as the Everglades or Miami for a change of pace and additional exploration opportunities.

Local Events

  • Check out local events in Key West, such as the Key Lime Festival, Mango Fest, New Year’s Eve celebrations, Fantasy Fest, and Key West Pride, which can add to the overall Florida Keys experience.

By providing these local attractions and insider tips, your Airbnb guests will be well-equipped to enjoy the full range of what Duck Key, Florida, has to offer.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Duck Key, Florida

To ensure a smooth and enjoyable experience for both you and your guests, here are some practical tips for running a successful short-term rental business in Duck Key, Florida.

Noise Regulations and Quiet Hours

Inform your guests about noise regulations and quiet hours to maintain a peaceful environment. Include this information in your digital and physical house manual, and consider posting reminders in the rental property. This helps in avoiding complaints from neighbors and ensures compliance with local noise ordinances.

Comprehensive House Manual

Create 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 cover house rules, including quiet hours, to set clear expectations for your guests.

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 lock and any other relevant details. Additionally, include parking instructions with photos to help guests navigate the property easily.

Compliance with Local Regulations

Ensure you comply with Monroe County's special vacation rental program requirements, including obtaining the necessary annual permit and manager license. This not only avoids legal issues but also contributes to maintaining a positive reputation for your rental business.

By implementing these strategies, you can enhance the guest experience, reduce potential issues, and build a successful and reputable short-term rental business in Duck Key.

Local Vendors

Here is a brief list of house cleaning providers in or near Duck Key, Florida:

House Cleaning Services

Sparkling and Beyond

  • Offers professional vacation rental cleaning and short-term rental cleaning services in Duck Key, FL.

If you are looking for services in adjacent areas, here are some additional options:

Maid By The Sea Cleaning

  • Although primarily based in Key West and the Lower Florida Keys, they also serve areas including Marathon, which is relatively close to Duck Key. They provide cleaning services for vacation rentals, private homes, and commercial spaces.

For other types of property care, such as repairs or general maintenance, you might need to look into more generalized property care services that may not be specifically listed for Duck Key but could serve the area:

Marathon General Services

  • Based in Marathon, they offer various property care services, including cleaning, but also other maintenance and repair services. They serve the broader Florida Keys area.
Management fees

Short-Term Rental Management Fees in Duck Key, Florida: A Comprehensive Guide

In Duck Key, Florida, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle a wide array of tasks including guest communication, marketing, and property maintenance, usually charge fees at the higher end of this spectrum, often around 20-30%.

On the other hand, basic service packages that focus on essential management tasks may incur lower fees, starting from around 10%. Additionally, property owners may need to consider extra fees for services such as cleaning, repairs, and interior design, which can be billed separately or included in the overall management fee. Understanding these fee structures is crucial for property owners to optimize their rental income and ensure their investment is well-managed.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Duck Key.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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