Airbnb & VRBO Performance in Eureka Springs Arkansas.

Short-Term Rental Regulations in Eureka Springs, Arkansas for 2024

While Eureka Springs has specific rules, here are the key regulations based on the available information:

General Regulations

• Ban in Residential Areas: Short-term rentals are banned in residential areas due to nuisance complaints and housing supply concerns.

Holiday Island (Adjacent to Eureka Springs)

Since Eureka Springs itself has a ban, here are the regulations for Holiday Island, which might be relevant for nearby areas or future reference:

Permit Requirements

• Property owners must apply for a Conditional Use Permit (CUP) approved by the Holiday Island Planning Commission.

Permit Validity and Renewal

• The CUP is effective for one year and can be renewed if compliance has been satisfactory, subject to the Mayor's discretion. Renewal applications must be submitted 30 to 60 days prior to the expiration date.

Fees

• A $150 fee is required for the initial CUP application, but renewals are free if the property owner has a current business license.

Safety and Inspections

• Safety complaints against a property may trigger an inspection by the city’s code enforcement officer, building inspector, fire chief, or law enforcement.

Parking

• On-street parking for short-term rentals is strictly prohibited due to narrow streets, although the planning commission can use discretion for properties without on-site parking.

Occupancy Limits

• Short-term rentals cannot have an occupancy greater than three guests per bedroom plus an additional two guests. The number of bedrooms is determined according to the Arkansas Fire Prevention Code.

Fines for Violations

• Fines range from $250 to $500 for the first offense, $500 to $1,000 for the second offense, and at least $1,000 for the third offense.

Timeshare Properties

• Timeshare units rented on a short-term basis are covered by these regulations, but only one CUP is needed for all units within a complex. The permit fee for timeshare properties is $500.

Note

Given the ban on short-term rentals in residential areas of Eureka Springs, these regulations primarily apply to areas like Holiday Island or other non-residential zones where short-term rentals might be allowed.

Top Neighborhoods for Airbnb Revenue in Eureka Springs, Arkansas

1. Historic District

The Historic District of Eureka Springs is highly appealing due to its unique Victorian architecture, picturesque surroundings, and central location. This area attracts a significant number of tourists, especially those interested in history and architecture. The district hosts various events, including the Ozark Folk Festival, which draws in visitors from across the country. Investors can capitalize on this by offering historic homes and unique properties that enhance the guest experience with amenities like outdoor seating areas, gardens, and guided nature walks.

2. Downtown Eureka Springs

Downtown Eureka Springs is a prime location for Airbnb rentals due to its proximity to shops, restaurants, and key tourist attractions. Guests are drawn to the vibrant atmosphere and the ease of accessing local amenities. Properties in this area can command higher rental rates, especially those that offer easy walking access to the town's main attractions.

3. Beaver Lake Area

Properties near Beaver Lake are popular among guests who enjoy outdoor activities such as boating, fishing, and hiking. This area offers a serene and natural setting, making it ideal for those seeking a peaceful retreat. Investors can benefit from the steady demand for rentals that provide easy access to these outdoor activities.

4. Residential Zones (with existing permits)

While Eureka Springs has implemented an ordinance banning new short-term rentals in residential zones, existing properties with permits continue to be lucrative. These areas offer a more residential experience, which can be appealing to families and those looking for a home-away-from-home. However, it is crucial to ensure compliance with the city's regulations.

5. Areas with Scenic Views

Neighborhoods offering scenic views of the surrounding Ozark Mountains are highly sought after. Properties with panoramic views, especially those with amenities like hot tubs, fire pits, and outdoor seating areas, can attract higher rental rates and more frequent bookings.

These neighborhoods are appealing to guests due to their unique blend of natural beauty, historic charm, and convenient access to local attractions and outdoor activities. Understanding the specific dynamics of each area, including local regulations and market demand, is key to maximizing Airbnb revenue in Eureka Springs.

Crafting an Inviting Airbnb in Eureka Springs: Design and Furnishing Tips

Embrace the Victorian Charm

• Incorporate Victorian-style furniture and decor to align with Eureka Springs' historic architecture. Consider ornate woodwork, plush furnishings, and vintage accessories.
• Use rich colors and patterns reminiscent of the 19th century, such as deep reds, blues, and intricate floral designs.

Highlight Local Art and Culture

• Decorate with local artwork and crafts to reflect the city's vibrant arts scene. Include pieces from Eureka Springs' many galleries and local artists.
• Display unique souvenirs and collectibles that can be found in the city's quirky shops, such as those at East by West, Caroline’s Collectables, or Packrats Paradise.

Incorporate Natural Elements

• Bring the outdoors in by using natural materials like wood, stone, and plants. This blends seamlessly with the Ozark Mountains surroundings.
• Consider adding elements like a stone fireplace or a wooden deck to enhance the natural ambiance.

Create a Whimsical Atmosphere

• Eureka Springs is known for its quirky and whimsical vibe. Add unique touches like a fairy-tale themed room, enchanted treehouse elements, or even a hobbit-inspired dwelling if possible.
• Include unusual art pieces and sculptures that reflect the city's eclectic style.

Respect the Historic Heritage

• Use period-specific fixtures and furnishings to maintain the historical integrity of the space. For example, restore original wood floors, mantels, and windows.
• Incorporate historical elements like vintage signs, antique furniture, and traditional textiles.

Utilize Colorful and Quirky Accents

• Add colorful accents like the rainbow stairs found in the city's historic downtown. Use vibrant colors and unique patterns to create a lively atmosphere.
• Incorporate quirky elements such as a giant gnome or other whimsical statues to add a touch of Eureka Springs' charm.

Ensure Comfort and Modern Amenities

• While maintaining the historical and whimsical charm, ensure the space is comfortable and equipped with modern amenities. This includes comfortable bedding, modern kitchen appliances, and reliable Wi-Fi.
• Balance the unique decor with practical and cozy elements to make guests feel at home.

Reflect the Healing Springs Legacy

• Pay homage to Eureka Springs' history as a healing destination by incorporating elements related to wellness and relaxation. This could include a spa-like bathroom, a meditation area, or even a small herb garden.
• Use soothing colors and natural materials to create a calming atmosphere that aligns with the city's healing springs legacy.

Personalize with Local Stories

• Share the history and stories of Eureka Springs through decorative items and informational materials. This could include framed stories about the city's past, local legends, or the significance of certain landmarks.
• Create a guestbook or a welcome packet that highlights the unique attractions and experiences available in Eureka Springs.

Discovering Eureka Springs: Local Attractions and Insider Tips

Must-Visit Attractions

Natural Wonders

• Blue Spring Heritage Center: Witness the largest spring in Northwest Arkansas, with 38 million gallons of water flowing daily. Ideal for a history lesson and scenic views.
• Onyx Cave Park: Explore the spectacular underground formations on a 30-minute radio-guided tour. Easy access ramps make it suitable for all ages.
• Turpentine Creek Wildlife Refuge: Home to exotic and native animals, this refuge offers a unique opportunity to see big cats in a natural habitat.

Historical and Cultural Sites

• Eureka Springs Historical Museum: Learn about the town's rich history with a quiet stroll through the museum.
• The Great Passion Play: America's #1 attended outdoor drama, featuring over 200 actors and animals. A must-see for its grandeur and historical significance.
• War Eagle Mill: Experience an authentic slice of Americana at this historic grist mill.

Unique Experiences

• Quigley’s Castle: Explore the Ozarks' strangest dwelling, featuring a perennial garden with over 400 varieties of flowers.
• Escape Room 13: Engage in an immersive real-life puzzle-solving experience based on the 1922 Eureka Springs Bank Heist.
• Ghost Tours: Discover Eureka Springs' haunted history on a guided walking tour that ends in the famous underground catacombs.

Outdoor Activities

• Lake Leatherwood Park: Enjoy hiking, picnicking, walking trails, camping, and boating in this 1600-acre city park.
• Dogwood Canyon: Offers hiking, biking, and other outdoor activities in a scenic setting.
• Holiday Island Marina: A full-service marina for boat and slip rentals, perfect for enjoying Table Rock Lake.

Insider Tips

Getting Around

• Trolley Service: Use the trolley routes to navigate the town easily, with front-door service at many lodging establishments.

Local Events

• Eureka Springs Farmers’ Market: Visit on Thursdays from 8:00 AM to 1:00 PM for locally grown produce, flowers, and crafts.
• Seasonal Festivals: Check out events like the Christmas Parade, Fall Festivals, and Corvette Weekend for a lively experience.

Dining and Nightlife

• Local Eateries: Explore the unique dining options in downtown Eureka Springs, which cater to various tastes and preferences.
• Live Music and Bars: Enjoy the vibrant nightlife with live music and local bars in the historic downtown area.

Relaxation and Wellness

• Spas and Wellness Centers: Unwind with a day in the spa, perfect for girlfriend getaways, romantic trips, or self-care.

Additional Tips for Airbnb Hosts

• Provide Maps and Guides: Offer maps and guides to help guests navigate the town and its attractions.
• Recommend Local Favorites: Share insider tips on the best local restaurants, shops, and hidden gems.
• Highlight Seasonal Events: Inform guests about upcoming events and festivals during their stay.
• Ensure Accessibility: Provide information on accessible attractions and services for guests with mobility needs.

Practical Tips to Run a Successful Short-Term Rental Business in Eureka Springs, Arkansas

To run a successful short-term rental business in Eureka Springs, Arkansas, several key practices can help you navigate the local regulations and enhance the guest experience. Given that short-term rentals are banned in residential areas of Eureka Springs due to nuisance complaints and housing supply concerns, it is crucial to adhere to the rules in areas where they are permitted.

Noise Regulations and Guest Communication

Inform your guests about quiet hours and noise regulations to avoid any potential issues. Include this information in both digital and physical house manuals to ensure clarity. This manual should also cover other essential instructions, such as Wi-Fi passwords and emergency contact details.

Comprehensive House Manual

Create a detailed house manual that includes all necessary instructions, from appliance usage to waste management. This can be provided both digitally and in a physical format at the rental property.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks and ensure that guests have all the necessary access codes.

Parking Instructions

Given the strict parking regulations in Eureka Springs, such as the prohibition of on-street parking due to narrow streets, it is essential to provide detailed parking instructions. Include photos of designated parking areas to help guests understand where they can park safely and legally.

By following these tips, you can ensure compliance with local regulations, enhance guest satisfaction, and maintain a positive reputation for your short-term rental business in Eureka Springs.

Here is a brief list of house cleaning services and related providers in Eureka Springs, Arkansas:

House Cleaning Services

• Turno: Offers vacation rental and Airbnb cleaning services, including auto-scheduling, digital checklists, and photo documentation.
• Sparkling and Beyond: Provides professional deep cleaning services for houses, businesses, and commercial properties.
• Angie's List House Cleaners: A list of top-rated house cleaners in Eureka Springs, with average costs ranging between $30 and $50 per hour.
• Care.com House Cleaning: Offers affordable house cleaning options starting at $20.50/hr, with listings based on rates, reviews, and experience.
• HomeAdvisor Cleaning Services: A list of top-rated cleaning services experts in Eureka Springs, with real reviews and ratings.

Note

For repair or maintenance services, the provided sources do not include specific providers in Eureka Springs, AR. You may need to consult additional resources for those services.

Managing Short-Term Rentals in Eureka Springs, Arkansas: Understanding Management Fees

In Eureka Springs, Arkansas, managing short-term rentals involves a range of services that can significantly impact your operational costs. Management fees for short-term rentals typically range from 10% to 30% of the rental revenue, depending 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. In contrast, basic services that may only cover essential tasks like booking management and financial reporting can be less expensive. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can further affect the overall cost of managing a short-term rental property in Eureka Springs.