New Smyrna Beach, Florida, is experiencing robust short-term rental performance, with an average 53% occupancy rate, a $276 daily rate, and $24,622 in monthly revenue, making it a lucrative market for investors and hosts.
Thriving Short-Term Rental Market in New Smyrna Beach, Florida
New Smyrna Beach, Florida, is experiencing a robust and vibrant short-term rental market, making it an attractive destination for both investors and vacationers. The city boasts an average occupancy rate of 53%, indicating a high demand for short-term rentals. Additionally, the average daily rate stands at $276, contributing to a significant monthly revenue of $24,622 per rental unit. This strong performance is further highlighted by the growth in active listings, with an 8% increase over the past year. The combination of high occupancy rates, lucrative daily rates, and increasing rental inventory makes New Smyrna Beach an ideal location for those looking to capitalize on the short-term rental market.
Short-Term Rental Regulations in New Smyrna Beach, Florida for 2024
Licensing and Registration
- State License: Obtain a Vacation Rental Dwelling License from the Florida Department of Business and Professional Regulation (DBPR) if renting a property more than three times a year for less than 30 days.
Initial application fee: $150, plus a $300 annual renewal fee.
City License: Secure a Business License Tax Receipt from the City of New Smyrna Beach.
- Verify property zoning and location.
- Submit the Business License Tax Receipt application to the building department.
Zoning Restrictions
- Permitted Areas: Short-term rentals are allowed only in designated zoning districts, including:
- East of the Intracoastal Waterway (ICW): R-3A east of Atlantic Avenue, R-4, R-5, R-6, B-4, M-U, and BBH.
- East of ICW and south of 3rd Avenue: R-2A.
Tax Requirements
- Tourist Development Tax: Collect and remit the 6% Tourist and Convention Development Tax to the county.
- Register with the Volusia County Revenue Services to collect and remit this tax.
Inspections and Certifications
- Rental Property Inspection: Ensure the property passes a rental property inspection to obtain the Business License Tax Receipt.
Correct any items that fail the inspection and schedule a reinspection if necessary.
Balcony Inspection: For properties in buildings three or more stories high or with balconies at least 17 feet from ground level, obtain a balcony inspection certification from a certified inspector.
Occupancy and Safety
Occupancy Limits: Follow state and local occupancy limits, such as the maximum number of people allowed based on the number of bedrooms (two people per bedroom plus two in a common area, with adjustments for space).
Human Trafficking Notification: Ensure any employees are trained appropriately, as required by the state.
Additional Requirements
General Liability Certificate: Provide a general liability certificate as part of the application process.
Federal Tax ID or Social Security Number: Submit a Federal Tax ID number or Social Security Number with the application.
Annual Renewal: Renew the Business License Tax Receipt annually (October 1 – September 30).
Top Neighborhoods for Airbnb Revenue in New Smyrna Beach, Florida
1. Downtown New Smyrna Beach
- Appeal: This area is highly appealing due to its proximity to Flagler Avenue, which is renowned for its vibrant nightlife, diverse restaurants, and eclectic shops. Guests love the easy access to the beach, local attractions, and the charming small-town atmosphere.
2. Coronado Beach
- Appeal: Coronado Beach is a favorite among guests for its no-drive beach section, which offers a more serene and family-friendly environment. The area features beautifully renovated beachfront condos, access to multiple pools, tennis and pickleball courts, and a gym. Its central location between lively restaurants and natural attractions like Browns Bay and Canaveral National Seashore adds to its appeal.
3. Sea Woods
- Appeal: Sea Woods is attractive due to its family-friendly environment, with amenities such as multiple pools (one heated seasonally), tennis and pickleball courts, and a gym. The close proximity to the beach and the availability of private back patios and front porches make it an ideal choice for families and those seeking a relaxed beach vacation.
4. Ormond-by-the-Sea
- Appeal: Located just north of New Smyrna Beach, Ormond-by-the-Sea offers tranquil beachside villas with rich amenities like fire pits, hammocks, and surfboard grills. Guests appreciate the peaceful atmosphere, easy beach access, and the nearby restaurants and attractions.
5. Historic District
- Appeal: The historic district of New Smyrna Beach is appealing for its brand new cottages, full kitchens, and family-oriented amenities such as pull-out couches for kids and large fenced-in yards for pets. The area also offers hot tubs, bicycles, kayaks, and beach equipment, making it perfect for families and those looking for a relaxed, historic setting.
These neighborhoods are highly rated for their location, cleanliness, and the variety of amenities they offer, making them the top generators of Airbnb revenue in New Smyrna Beach.
Furnishing and Design Tips for an Inviting Airbnb in New Smyrna Beach, Florida
Embrace the Coastal Theme
- Incorporate beach-themed elements, nautical touches, and tropical accents to reflect the city's coastal charm. Use light color palettes, natural materials, and soft colors to create a relaxed and inviting atmosphere.
Opt for Modern and Stylish Furniture
- Choose high-quality, modern furniture that elevates the overall aesthetic of the space. This includes comfortable bedding, stylish decor, and contemporary appliances to enhance guest comfort and satisfaction.
Highlight Ocean Views and Beach Access
- If your property has ocean views or is close to the beach, emphasize these features through large windows, private balconies, or walkways to the beach. These amenities are highly valued by guests in New Smyrna Beach.
Provide Well-Equipped Kitchens
- Ensure the kitchen is fully equipped with essential gadgets and appliances. A well-stocked kitchen can make a significant difference in the guest experience, especially for those planning to cook during their stay.
Include Outdoor and Recreational Spaces
- Properties with outdoor spaces such as patios, heated pools, and lounge seating are highly favored. Consider adding amenities like charcoal grills, outdoor showers, and game rooms to enhance the guest experience.
Maintain High Standards of Cleanliness and Maintenance
- Ensure the property is clean and well-maintained. Regular cleaning after each checkout and prompt maintenance can significantly impact guest satisfaction and reviews.
Incorporate Local Charm
- Reflect the small beach-town charm of New Smyrna Beach by incorporating local elements into the design. This could include vintage or eclectic pieces that evoke a sense of history and community.
Utilize Professional Photography
- Invest in professional photography to capture the essence of your property. Bright and vibrant photos showcasing the best features of your Airbnb can attract more potential guests.
Offer Additional Amenities
- Provide additional amenities such as beach supplies, bicycles, kayaks, and beach umbrellas/chairs to enhance the guest experience and make the stay more memorable.
Ensure Guest Convenience
- Include essentials such as air conditioning, internet, parking, washer, dryer, and heating to ensure guest comfort and convenience. These amenities are highly valued in New Smyrna Beach rentals.
Discover the Charm of New Smyrna Beach: Local Attractions and Insider Tips
Must-Visit Attractions
1. Ponce de Leon Inlet Lighthouse & Museum
- Climb the 203 steps to the top of the 175-foot tower for magnificent views.
- Open year-round, Monday through Sunday, 10 a.m. to 6 p.m..
2. Marine Discovery Center
- Enjoy boat tours and learn about marine life conservation.
- A great spot for encounters with dolphins and other marine creatures.
3. Smyrna Dunes Park
- Walk over two miles of paths overlooking dunes, wildlife, and the ocean.
- Access to the beach and a perfect spot for morning strolls or runs. Parking is $10 per vehicle.
4. Canal Street Historic District
- Experience the vibrant culture and rich history through monthly art strolls and cultural events.
- Shop for artisan crafts, unique gifts, and enjoy local coffee.
5. Flagler Avenue
- Stroll along this charming avenue lined with unique galleries, boutiques, and restaurants.
Local Favorites and Insider Tips
6. Dining Experiences
- Enjoy local cuisine at restaurants like Outriggers, known for its scenic dining and live music.
- Participate in Coastal Catch Restaurant Month for exclusive prix fixe menus featuring local seafood and culinary delights.
7. Art and Culture
- Visit art galleries such as Jane’s Art Center, Arts on Douglas, and The Hub on Canal.
- Explore the Atlantic Center for the Arts to witness artists in residence creating unique pieces.
8. Water Activities
- Surfing: New Smyrna Beach is renowned for its excellent surf conditions, making it a surfer’s paradise.
- Kayaking, paddleboarding, and jet skiing are also available for thrill-seekers.
9. Relaxation and Wellness
- Relax at The Riverview Spa with outdoor hot tubs, including one with a waterfall, and enjoy spa treatments.
- Start your day with sunrise yoga on the beach, a donation-based class.
10. Unique Events
- Attend the Sip & Stroll event on the first Saturday of each month to sample drinks and explore the historic district.- Check out local events such as food festivals, live music, and arts and crafts throughout the year.
11. Historical Landmarks
- Visit the New Smyrna Museum of History and the Sugar Mill Ruins for a glimpse into the area’s rich history.
12. Pet-Friendly Activities
- New Smyrna Beach is pet-friendly; enjoy the beach and various pet-friendly stays, restaurants, and activities.
Additional Tips
- Parking and Access: Be aware that some attractions, like Smyrna Dunes Park, may have parking fees.
- Seasonal Events: Check the local event calendar for holiday events and special activities throughout the year.
- Local Brews: Visit NSB Brewing Co. for a taste of local beers and ciders.
By sharing these attractions and insider tips, you can help your guests have a memorable and enjoyable stay in New Smyrna Beach.
Practical Tips to Run a Successful Short-Term Rental Business in New Smyrna Beach, Florida
To ensure the success of your short-term rental business in New Smyrna Beach, Florida, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.
Noise Regulations and Guest Communication
Inform your guests about quiet hours and noise regulations to avoid any potential issues. Include clear guidelines on noise levels, especially during late hours, in both your digital and physical house manual. This helps set expectations and maintains a peaceful environment for both your guests and neighboring residents.
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 outline the property's rules, local attractions, and recommendations for dining and activities, enhancing the guest experience and reducing the need for frequent inquiries.
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 entrance and any specific steps they need to follow. Additionally, include parking instructions with photos to help guests navigate the property easily.
Compliance and Guest Satisfaction
Ensure you comply with all local regulations, including obtaining the necessary licenses such as the Business Tax Receipt from the city and the Vacation Rental Dwelling License from the Florida Department of Business and Professional Regulation. Maintaining high cleanliness standards, responding promptly to guest inquiries, and offering competitive pricing are also crucial for positive guest reviews and repeat bookings.
Here is a brief list of house cleaning providers in New Smyrna Beach, Florida:
House Cleaning Services
Just Peachy Clean
- Provides professional house cleaning services in New Smyrna Beach, FL.
- Trusted since 2014.
Molly Maid of Daytona and New Smyrna Beach
- Offers complete house cleaning services, including one-time, special events, and routine home maintenance.
- Services include whole-home scrubbing, floor cleaning, dusting, and washing/sanitizing.
- Customized cleaning plans available.
Sunrise Cleaning
- Family and locally owned and operated, bonded and insured cleaning company.
- Provides residential and commercial cleaning services, including bi-weekly, monthly, occasional, and one-time cleanings.
- Specializes in deep cleaning services, new construction cleanup, and window cleaning.
Additional Resources
For more options, you can also check:- Care.com for a list of 19 affordable house cleaning services in New Smyrna Beach, FL.- Angi for top-rated house cleaners in the area.
New Smyrna Beach, Florida: Understanding Short-Term Rental Management Fees
In New Smyrna Beach, 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, such as those offered by MasterHost, HeartHomes, and Awning, which include comprehensive services like guest communication, marketing, pricing optimization, and maintenance, tend to be on the higher end of this spectrum, often charging between 15% to 30% of the revenue.
Basic services, which may only include listing management and booking coordination, can be more affordable, starting as low as 10% per booking. Additionally, property owners may incur extra fees for services such as cleaning, repairs, and interior design, which can be charged separately or included in the overall management fee. These fees help ensure that the property is well-maintained, compliant with local regulations, and optimized for maximum occupancy and revenue.