Despite a slight decrease in occupancy rates compared to recent years, Miramar Beach, Florida, continues to thrive as a lucrative short-term rental market with high average daily rates, strong summer revenues, and a robust demand for entire home rentals.
Thriving Short-Term Rental Market in Miramar Beach, Florida
Miramar Beach, Florida, is experiencing a robust and lucrative short-term rental market, making it an attractive destination for investors and hosts. The area boasts an average occupancy rate of 65%, with a peak occupancy of 92% during the high-demand month of July. The Average Daily Rate (ADR) is impressive, standing at $377.3, and surging to as high as $429 during the peak summer months of June and July. With over 6,171 total listings available, the market indicates a healthy demand for short-term rentals, driven by the area's pristine beaches, vibrant tourist scene, and a wide range of recreational activities. This combination of high occupancy rates and significant daily rates translates to an average annual revenue of approximately $89,300 per property, highlighting the substantial potential for profitable Airbnb ventures in Miramar Beach.
Short-Term Rental Regulations in Miramar, Florida for 2024
While the specific inquiries were about Miramar, Florida, and not Miramar Beach (which is actually located in Destin, Florida), here are the regulations for short-term rentals in Miramar, Florida, as they are the closest match to the provided information:
Definition and Licensing Requirements
- Short-term rentals are defined as properties rented more than 3 times per year for less than 30 days or 1 month.
Registration Process
- Register the rental property with the Miramar Police Department for a Bed & Breakfast, Short-Term Rentals, or Vacation Rentals license.
- Obtain a Business Tax Receipt (BTR) from the city.
Required Documents
- Photocopy of a Florida Driver's License or Florida ID Card.
- Registration of the rental property with the Miramar Police Department.
- Business Tax Receipt (BTR) Certificate from the city.
- Resort Tax Certificate.
Compliance with Zoning Regulations
- Obtain a city-issued zoning certificate of use and comply with all zoning and land-use regulations.
Statewide Requirements
- If renting an entire unit more than three times a year for less than 30 days, or if publicly advertising the property for such rentals, a Florida short-term rental license from the Florida Department of Business and Professional Regulation (DBPR) is required.
Additional Regulations
- Ensure compliance with the Miramar Land Development Code and ordinances.
- Pay applicable licensing fees and maintain necessary documentation to avoid penalties.
Enforcement
- Miramar strictly enforces regulations for short-term rentals, and non-compliance can result in penalties.
For Miramar Beach, which is part of Destin, Florida, the regulations would be different and can be found in the sources related to Destin.
Top Neighborhoods for Airbnb Revenue in Miramar Beach, Florida
1. Crystal Village
- Annual Revenue: $54,843
- Average Daily Rate: $159
- Occupancy Rate: 72%
Crystal Village stands out due to its high occupancy rate and substantial annual revenue. Guests are attracted to this neighborhood because of its prime location, which often offers easy access to local amenities and beaches, making it a convenient and desirable spot for vacationers.
2. Seascape
- Annual Revenue: $46,497
- Average Daily Rate: $190
- Occupancy Rate: 56%
Seascape is appealing due to its higher average daily rate, indicating that guests are willing to pay a premium for the amenities and location this neighborhood offers. The area likely features upscale properties and proximity to popular attractions, making it a favorite among travelers.
3. Sandestin
- Annual Revenue: $46,654
- Average Daily Rate: $189
- Occupancy Rate: 52%
Sandestin attracts guests with its high average daily rate and the variety of amenities available, such as golf courses and beach access. The neighborhood is part of a larger resort community, which can offer a range of activities and services that enhance the guest experience.
General Appeal of Miramar Beach Neighborhoods
Proximity to Beaches and Attractions: Neighborhoods like Crystal Village, Seascape, and Sandestin are often close to popular beaches, state parks (e.g., Henderson Beach State Park), and attractions like the Village of Baytowne Wharf and HarborWalk Village. This proximity makes them highly appealing to guests looking for a convenient and enjoyable vacation.
High-Quality Amenities: These neighborhoods typically offer a range of amenities such as pools, kitchens, internet, and air conditioning, which are highly sought after by Airbnb guests. The presence of these amenities contributes to higher occupancy rates and revenue.
Seasonal Demand: Miramar Beach experiences a surge in demand during peak months like June and July, with occupancy rates reaching as high as 92% in some areas. This seasonal demand makes these neighborhoods particularly lucrative for Airbnb investors.
Competitive Market: With a large number of active listings, the competition in these neighborhoods drives hosts to offer unique selling points, such as exclusive amenities and strategic pricing, which further enhances the guest experience and profitability.
Creating an Inviting Airbnb in Miramar Beach, Florida: Design and Furnishing Tips
Reflect the Coastal Charm
- Use Light and Airy Colors: Opt for a palette of whites, blues, and sandy neutrals to evoke the feeling of the beach.
- Incorporate Natural Textures: Utilize materials like wicker, rattan, and natural fibers to bring a sense of the outdoors into your space.
- Add Coastal Accents: Incorporate shells, driftwood, and other beach-inspired decor to enhance the coastal theme.
Emphasize Comfort and Practicality
- Choose Comfortable Furniture: Select plush sofas, comfortable beds, and ergonomic chairs to ensure guests feel at home.
- Provide Ample Storage: Include storage solutions like closets, drawers, and shelves to keep the space organized and clutter-free.
- Ensure Quality Bedding and Linens: Use high-quality bedding, towels, and linens to enhance the comfort and cleanliness of the space.
Highlight Local Amenities and Activities
- Display Local Information: Provide brochures, maps, and guides to local attractions, restaurants, and activities.
- Incorporate Local Art and Decor: Hang local artwork or display decorative items that reflect the culture and beauty of Miramar Beach.
Enhance Outdoor Spaces
- Utilize Outdoor Furniture: Choose durable, weather-resistant furniture for outdoor areas, such as patios or balconies.
- Add Beachy Touches: Include beach chairs, umbrellas, and other outdoor amenities that guests can use to enjoy the beach.
- Create a Relaxing Ambiance: Use string lights, lanterns, or other outdoor lighting to create a welcoming and relaxing atmosphere.
Focus on Cleanliness and Safety
- Install Smoke Detectors and Fire Extinguishers: Ensure compliance with fire safety guidelines, including smoke detectors in every living unit and accessible fire extinguishers.
- Maintain High Standards of Cleanliness: Keep the property clean and free of debris, especially in high-hazard areas like boiler rooms and laundry rooms.
Incorporate Modern Amenities
- Provide Wi-Fi and Smart TVs: Ensure guests have access to modern amenities like Wi-Fi, smart TVs, and fully equipped kitchens.
- Offer Self Check-in and Other Convenient Features: Consider self check-in options, BBQ areas, and other amenities that enhance guest convenience.
Respect Local Regulations
- Comply with Local Taxes and Regulations: Ensure you are collecting and remitting the necessary state and county taxes, and comply with any upcoming legislation or ordinances related to short-term rentals.
By following these tips, you can create an inviting and stylish Airbnb in Miramar Beach that reflects the city's unique charm and meets the needs of your guests.
Discover Miramar Beach, Florida: Top Attractions and Insider Tips
Top Attractions
Beaches and Water Activities
- Miramar Beach: Enjoy the crystal-clear waters and soft, white sand of Miramar Beach. Perfect for swimming, sunbathing, and building sandcastles.
- Henderson Beach State Park: Known for its boardwalks, nature trails, and gentle waves. Ideal for picnics and family outings.
- James Lee Beach and Norriego Point Beach: Family-friendly beaches with clear water, facilities, and playgrounds for kids.
Water Sports and Tours
- Dolphin Cruises: Daytime dolphin watch and sunset cruises available, including tours around East Pass, Harbor, and Crab Island.
- Deep Sea Fishing: Charter deep-sea fishing excursions for a chance to catch various fish species like Speckled Trout, Striped Bass, and Grouper.
- Parasailing and Jet Ski Rentals: Experience parasailing or rent jet skis and pontoon boats for a fun-filled day on the water.
- Snorkeling Tours: Explore the underwater world with guided snorkeling tours.
Shopping and Dining
- Silver Sands Premium Outlets: A must-visit for retail therapy, offering top brand names at discounted prices.
- The Village of Baytowne Wharf: Shop, dine, and enjoy family-friendly activities in this vibrant village.
- Grand Boulevard at Sandestin: Window-shop and enjoy the seaside views in this family-friendly area.
Family-Friendly Attractions
- Big Kahuna’s Water & Adventure Park: Features thrilling water slides, lazy rivers, and a mini-golf course.
- The Track Family Fun Park: Go-kart racing, bumper boats, and arcade games for all ages.
- Gulfarium Marine Adventure Park: A conservation-focused park with dolphin, sea lion, and otter shows, as well as interactive animal encounters.
Nightlife and Entertainment
- The Village Door at Seascape: A popular nightclub with live music and an energetic crowd.
- Whale’s Tail Beach Bar & Grill: Enjoy beachfront views and a lively atmosphere.
- Cuvee Kitchen + Wine Bar: A sophisticated spot for fine wines and gourmet dining.
Insider Tips
Best Time to Visit
- April and May: These months are less crowded and offer perfect temperatures, making them ideal for a visit.
Getting Around
- Traffic: Allow at least an hour to an hour and a half to travel to nearby destinations like Destin and Panama City Beach, especially during peak season.
Local Favorites
- Choctawhatchee Bay: A great spot for fishing, known for its diverse fish species.
- HarborWalk Village: A hub for live concerts, fireworks shows, and various shops and restaurants.
Family Tips
- Beach Safety: Pay attention to the color of the beach warning flags, as conditions can change drastically.
- Kid-Friendly Restaurants: Choose from many family-friendly restaurants in the area for a satisfying meal after a day of adventure.
By providing these tips and recommendations, you can help your Airbnb guests make the most of their visit to Miramar Beach, ensuring a memorable and enjoyable stay.
Practical Tips to Run a Successful Short Term Rental Business in Miramar Beach, Florida
To ensure a smooth and profitable short term rental business in Miramar Beach, Florida, several practical tips can make a significant difference. Here are some key considerations:
Noise Regulations and Quiet Hours
Inform your guests about the local noise regulations and quiet hours to avoid any potential issues. Include this information in both your digital and physical house manual to ensure clarity. This helps maintain a good relationship with neighbors and prevents any compliance issues.
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 numbers, 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 instructions on how to use the smart locks, along with parking instructions accompanied by photos. This not only enhances guest convenience but also reduces the likelihood of misunderstandings or delays.
By implementing these strategies, you can enhance the guest experience, reduce potential conflicts, and ensure your short term rental business in Miramar Beach operates efficiently and successfully.
Here is a brief list of cleaning services providers, but it's important to note that the specific providers mentioned are not based in Miramar, Florida, but rather in nearby areas or other locations. However, here are some companies that might be relevant or have connections to the broader region:
Cleaning Services Providers
Destin Cleaning Company and Services, LLC
- Although based in Destin, they serve nearby areas including Miramar Beach. They offer full-service premium housekeeping and commercial cleaning.
Miss Buckets
- Based in Fort Walton Beach, they serve areas including Miramar Beach. They provide comprehensive and detailed cleaning services for homes and businesses.
For Miramar, FL specifically (which is a different location from Miramar Beach), here are some providers:
My Cleaning Angel
- Offers house cleaning services in Miramar, FL, with easy online booking.
Keen Maids
- Provides tailored house cleaning services in Miramar, FL, based on your needs, budget, and schedule.
eMaids
- Offers various cleaning services in Miramar, FL, including residential, office, vacation rental, post-construction, and move-in/move-out cleaning.
Miramar Beach, Florida: Understanding Short-Term Rental Management Fees
In Miramar Beach, Florida, short-term rental management fees can vary significantly, ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as MasterHost, Beach Reunion, and Beach Luxury Vacations, which handle comprehensive tasks including guest communication, marketing, pricing optimization, and property maintenance, typically charge higher fees, often between 15% to 30% of the rental revenue.
Basic service packages, on the other hand, may incur lower fees, starting at around 10% per booking, as seen with MasterHost's basic plan. Additional costs may include fees for cleaning, repairs, and design services, which can be either included in the overall management fee or charged separately. For instance, Summer vacation rental management starts at 20% of the revenue, excluding cleaning fees, while other services like lawn care and pest control may be added as extras. Understanding these fee structures is crucial for property owners to make informed decisions about managing their short-term rentals in Miramar Beach.