Fort Pierce, Florida, is experiencing robust short-term rental performance, with an average 51% occupancy rate, a $214 daily rate, and $15,801 in monthly revenue, indicating a strong and growing market.
Thriving Short-Term Rental Market in Fort Pierce, Florida
Fort Pierce, Florida, is experiencing a robust and profitable short-term rental market. With a median occupancy rate of 56%, indicating that typical listings are booked for 204 nights a year, the demand for short-term rentals in the area is strong.
The average daily rate for these rentals stands at $166, contributing to an annual revenue of approximately $34,000 per listing. This performance is further bolstered by lenient short-term rental regulations, which make it an attractive and stable investment opportunity. The market's stability and profitability are highlighted by the fact that short-term rentals can easily transition to long-term rentals if needed, ensuring a consistent cash flow. Overall, Fort Pierce presents a promising landscape for those looking to invest in the short-term rental sector.
Short-Term Rental Regulations in Fort Pierce, Florida for 2024
Licensing and Registration
- Annual Registration Fee: A proposed annual registration fee of $250 for property owners, reduced from the initially recommended $1,200 fee after eliminating the need for initial and biannual code inspections.
Permitting Process
- Streamlined Application Process: The city is moving to eliminate the conditional-use permit requirement, replacing it with a more streamlined application process.
Compliance and Enforcement
- Code Enforcement: The registration fees are intended to help fund the hiring of a code-enforcement officer to regulate rentals and identify unregistered ones.
State and Local Compliance
- State Sales Tax: Property owners must collect and remit the 6% state sales tax on short-term rentals.
- Local Ordinances: Compliance with local ordinances is mandatory; local governments can suspend vacation rental registrations for up to 30 days following three or more violations within a 90-day period.
Restrictions and Limits
- Occupancy Limits: While not specifically outlined for Fort Pierce, Florida state regulations may influence local rules, such as the maximum number of people allowed based on the number of bedrooms (two people per bedroom plus two in a common area).
Other Regulations
- Noise, Safety, and Commercial Activity: Regulations aim to address concerns over noise, safety, and commercial activity associated with short-term rentals.
- Homestead Tax Exemption: Property owners renting out their primary residences as short-term rentals for more than 30 days per year may risk losing their homestead tax exemption.
Penalties for Non-Compliance
- Fines: Significant fines can be imposed for operating a rental without proper registration or permits, though specific amounts for Fort Pierce are not detailed.
Top Airbnb Revenue-Generating Neighborhoods in Fort Pierce, Florida
Why Fort Pierce is Appealing for Guests
Fort Pierce, known for its coastal charm and various attractions, is a popular destination for tourists. Here are some key reasons why guests are drawn to this area:- Beach Access: Fort Pierce offers beautiful beaches and easy access to the ocean, making it ideal for beach lovers.- Outdoor Activities: The area is rich in outdoor recreational opportunities, including fishing, boating, and visiting the Indian River Lagoon.- Local Attractions: Proximity to attractions like the Kennedy Space Center, Everglades National Park, and the historic downtown area adds to its appeal.
Top Neighborhoods for Airbnb Revenue
1. Ocean Village
- Average Daily Rate: $190-$149
- Occupancy Rate: 74%
- Annual Revenue Potential: Up to $121,345
- Appeal: Ocean Village is highly attractive due to its beachfront properties, walking distance to the beach, and amenities like pools and golf courses.
2. Downtown Fort Pierce
- Average Daily Rate: $166 (average for Fort Pierce)
- Occupancy Rate: 56% (median for Fort Pierce)
- Annual Revenue Potential: Around $34,000
- Appeal: The historic downtown area offers a charming atmosphere, local shops, and restaurants, making it a favorite among tourists looking for a more urban experience.
3. Beachside Neighborhoods
- Average Daily Rate: $138-$149
- Occupancy Rate: 74% for top listings
- Annual Revenue Potential: Up to $121,345
- Appeal: These neighborhoods provide direct access to the beach, offering a relaxing and scenic getaway for guests.
4. North Beach
- Average Daily Rate: Similar to the overall Fort Pierce average of $166
- Occupancy Rate: Around 56%
- Annual Revenue Potential: Approximately $34,000
- Appeal: Known for its quieter and more family-friendly environment, North Beach is appealing to those seeking a more laid-back beach experience.
5. Hutchinson Island
- Average Daily Rate: $166 (average for Fort Pierce)
- Occupancy Rate: 56% (median for Fort Pierce)
- Annual Revenue Potential: Around $34,000
- Appeal: This island offers a mix of beach activities, nature reserves, and a more secluded atmosphere, attracting guests looking for a peaceful retreat.
These neighborhoods in Fort Pierce are highly profitable for Airbnb due to their appealing amenities, convenient locations, and the overall charm of the area.
Creating an Inviting Airbnb in Fort Pierce, Florida: Tips for Furnishing and Design
Embrace the Coastal Charm
- Incorporate nautical and coastal elements such as shell decorations, driftwood accents, and ocean-inspired color schemes to reflect Fort Pierce's waterfront location.
- Use light, airy fabrics and natural materials like wicker and rattan to evoke a sense of beachy elegance.
Celebrate Local Heritage
- Incorporate historical and cultural elements of Fort Pierce into your decor. For example, use vintage maps of the Treasure Coast, photographs of the city's historic landmarks, or artwork inspired by local artists like A.E. Backus.
- Add touches of Spanish Colonial Revival style, which is prevalent in Fort Pierce's architecture, through the use of terracotta tiles, wooden shutters, and ornate metalwork.
Highlight Natural Beauty
- Bring the outdoors in by using plenty of greenery and plants native to the area, such as palm trees and succulents.
- Utilize large windows and sliding glass doors to maximize natural light and offer stunning views of the Indian River Lagoon or the Atlantic Ocean.
Incorporate Eco-Friendly Elements
- Reflect Fort Pierce's commitment to environmental conservation by incorporating eco-friendly materials and decor. This could include reclaimed wood furniture, sustainable textiles, and energy-efficient appliances.
- Add decorative pieces that highlight the local wildlife, such as manatee-themed artwork or sea turtle-inspired decor.
Create a Welcoming Atmosphere
- Design a cozy and inviting living space with comfortable seating areas and warm lighting. Use local crafts and handmade items to add a personal touch.
- Include amenities that reflect the city's lifestyle, such as beach chairs, snorkeling gear, and bicycles for exploring the local trails and beaches.
Respect the Historic Downtown Aesthetic
- If your Airbnb is located in the historic downtown area, ensure your design respects the period architecture. Use period-specific colors, furnishings, and decor to maintain the historic charm.
- Add modern conveniences while preserving the original character of the building.
Utilize Local Art and Crafts
- Support local artisans by incorporating their work into your decor. This could include paintings, sculptures, or handmade crafts that reflect the unique culture of Fort Pierce.
- Visit local markets, such as the Downtown Fort Pierce Farmers Market, to find unique and authentic pieces to adorn your space.
Provide Information on Local Attractions
- Offer guests a guide to the best local attractions, including the Manatee Observation & Education Center, the A.E. Backus Museum & Gallery, and the Zora Neale Hurston Dust Tracks Heritage Trail.
- Leave recommendations for local restaurants, parks, and events to enhance the guest experience and make them feel connected to the community.
Discover Fort Pierce, Florida: Local Attractions and Insider Tips
Local Attractions
Natural Beauty and Outdoor Activities
- Avalon State Park: Enjoy hiking, surfing, and spotting the best waves in the area.
- Indian River Lagoon: Explore the lagoon through eco-friendly motorized kayak tours or dolphin watching boat tours.
- Fort Pierce Inlet State Park: Ideal for surfers and those looking to enjoy the beach.
- Jetty Park and Riverwalk Park: Perfect spots to watch the sunrise.
- Horseback Riding on the Beach: Experience a unique beach tour on horseback on South Hutchinson Island.
Museums and Historical Sites
- National Navy UDT-SEAL Museum: Learn about the history of the Navy SEALs and their predecessors.
- A.E. Backus Museum & Gallery: Discover the artwork of Florida’s preeminent painter, A.E. “Bean” Backus.
- St. Lucie County Regional History Center: Explore equipment from turn-of-the-century industries that shaped St. Lucie County.
- Zora Neale Hurston Dust Tracks Heritage Trail: Commemorate the life of author Zora Neale Hurston through markers highlighting her Fort Pierce years.
Cultural and Artistic Experiences
- Highwaymen Heritage Trail: A self-guided tour recognizing the 26 world-renowned African American landscape artists from Fort Pierce.
- Sunrise Theatre: Catch local and national musical acts, Broadway shows, and other performances.
- Downtown Fort Pierce Art Scene: Explore sculptures, murals, and mosaic tiled benches in public places, and visit local galleries and museums.
Other Attractions
- Heathcote Botanical Gardens: Home to the largest tropical bonsai garden in the U.S. and various other flora and natural art.
- Manatee Observation and Education Center: Learn about manatees and observe these creatures up close.
- Fort Pierce City Marina: Feed tropical fish, shop, and enjoy waterfront dining.
Insider Tips
Dining and Nightlife
- Waterfront Dining: Enjoy meals with scenic views at various waterfront restaurants.
- Downtown Fort Pierce Nightlife: Experience craft brews, live music, cider, and axe-throwing in the vibrant downtown area.
Shopping and Local Markets
- Shop LOCAL: Support small businesses and find unique souvenirs, retail, food, and more in downtown Fort Pierce.
- Downtown Fort Pierce Farmer’s Market: Visit every Saturday morning for produce, handmade goods, and local treats.
Unique Experiences
- Feed the Fish: Pick up fish food at the City Marina gift shop and feed the tropical fish along the sea wall.
- Cool Beans Brew and Old Florida Co.: Get the best locally made coffee and pastries.
Events and Activities
- Surfing and Paddleboarding: Take advantage of the excellent surfing spots and paddleboarding opportunities.
- Boating and Fishing: Participate in the Southern Kingfish Association’s National Championship Fishing Tournament or go on a boat tour.
By sharing these attractions and insider tips, your guests will have a comprehensive and enjoyable experience in Fort Pierce, Florida.
Practical Tips to Run a Successful Short-Term Rental Business in Fort Pierce, Florida
To ensure the success of a short-term rental business in Fort Pierce, Florida, several key practices should be implemented. Here are some practical tips:
Noise Regulations and Guest Communication
Inform your guests about the noise regulations in Fort Pierce, which are part of the city's short-term rental ordinances. Clearly communicate quiet hours and the general noise ordinance to avoid any issues with neighbors and to comply with local laws.
Comprehensive House Manual
Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the 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 detailed instructions on how to access the property, along with photos to help them navigate any specific steps or codes required.
Parking Instructions
Include clear parking instructions in your house manual, accompanied by photos to help guests understand where and how to park. This can prevent confusion and potential issues with neighbors or local authorities.
By implementing these practices, you can enhance the guest experience, ensure compliance with local regulations, and maintain a positive reputation for your short-term rental business in Fort Pierce.
Here is a brief list of house cleaning providers in Fort Pierce, Florida:
House Cleaning Providers in Fort Pierce, FL
Homeaglow
- Offers professional, affordable, and background-checked house cleaners.
- Services start at $19 for a 3-hour clean.
Merry Maids
- Provides expert cleaning services with 40 years of experience.
- Serves the Port St. Lucie area, including Fort Pierce.
- Offers free estimates.
Molly Maid of Treasure Coast and South Brevard
- Customized cleaning solutions for residential and commercial properties.
- Services include recurring cleanings, one-off spruce-ups, move-out cleaning, and more.
- Covers areas including Fort Pierce, among other locations in the Treasure Coast.
Care.com House Cleaning Services
- Lists multiple affordable house cleaning options in Fort Pierce.
- Prices start at $19.61/hr.
- Allows searching by rates, reviews, experience, and more.
Angie's List House Cleaners
- Provides a list of top-rated house cleaners in Fort Pierce.
- Includes real reviews and ratings to help choose the right service.
Short-Term Rental Management Fees in Fort Pierce, Florida: A Breakdown of Costs and Services
In Fort Pierce, Florida, the fees for managing short-term rentals, such as those listed on Airbnb, typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle comprehensive tasks including guest communication, marketing, and maintenance, usually charge fees at the higher end of this spectrum, often starting at around 15% to 20% of revenue.
Basic services, which may include only the essential management tasks, can be less expensive. Additionally, property owners may incur extra fees for cleaning, repairs, or design services. These fees are calculated based on various factors such as property size, type, location, and the annual estimated revenue, ensuring that the management fees are tailored to the specific needs and performance of the property.