In Cape Canaveral, Florida, short-term rentals are performing strongly, with an average 61% occupancy rate, a $209 daily rate, and $19,930 in monthly revenue, indicating a robust and lucrative market for investors and hosts.
Thriving Short-Term Rentals in Cape Canaveral, Florida
Cape Canaveral, Florida, is experiencing a robust short-term rental market, driven by its appealing location and high demand. According to recent data, short-term rentals in the area boast an impressive 61% occupancy rate, indicating a strong and consistent demand for vacation properties. The average daily rate for these rentals stands at $209, contributing to a substantial monthly revenue of $19,930. This performance highlights the area's attractiveness to tourists and investors alike, making Cape Canaveral an excellent destination for those looking to capitalize on the short-term rental market.
Short-Term Rental Regulations in Cape Canaveral, Florida for 2024
Registration and Licensing
- Vacation rental properties must be registered with the City of Cape Canaveral. Registration is not required for rentals with a minimum stay of 31 days or more.
Minimum Stay Requirements
- A minimum stay of 7 nights is mandated for short-term rentals. This rule has been in place for several decades and has been upheld in recent legal challenges.
Occupancy Limits
- Maximum overnight occupancy is limited, though specific details vary; generally, local regulations may cap occupancy based on the number of bedrooms and available space.
Fees and Taxes
- Vacation rental owners must obtain City and County Business Tax Receipts (BTR) and pay relevant fees. There are also Tourist Development Taxes (bed taxes) that apply, currently at 5% in Brevard County.
Inspections and Safety Requirements
- Properties are subject to inspection requirements as part of the Vacation Rental and Inspection Program. Owners must also post Safety and Information Notices.
Prohibitions and Restrictions
- There are prohibitions on renting individual rooms, and there may be limitations on the occupancy of vacation rental properties by the owner's family to not more than 4 people.
Enforcement and Penalties
- Non-compliance with local ordinances can result in significant fines and the suspension of vacation rental registrations for up to 30 days following three or more violations within a 90-day period.
Additional Requirements
- Owners must be available within a reasonable time frame for inspections and may need to designate an agent. There are also requirements for logging and reporting activities related to the rental property.
State and Local Compliance
- In addition to local regulations, owners must comply with state laws, including collecting and remitting state sales and local tourist taxes, and obtaining a Florida Department of Business and Professional Regulation (DBPR) license if applicable.
Top Neighborhoods for Airbnb Revenue in Port Canaveral, Florida
1. Cape Canaveral
- Appeal: Cape Canaveral is highly appealing due to its direct beach access, proximity to Port Canaveral, and the Kennedy Space Center. Guests can enjoy beachfront properties, some of which offer private heated pools, hot tubs, and modern amenities. The area is also known for its vibrant beach life and easy access to Orlando attractions.
2. Cocoa Beach
- Appeal: Cocoa Beach is a favorite among guests for its surf and sand, with many properties located just steps from the beach. The area offers a mix of family-friendly townhouses and modern, coastal-style apartments. Guests can enjoy the famous Cocoa Beach Pier, rocket launches, and easy access to dining and shopping options.
3. Indian Harbour Beach
- Appeal: Indian Harbour Beach attracts guests with its quiet and private beach settings, updated living spaces, and proximity to restaurants, shopping, and major attractions like the Kennedy Space Center. The area is also noted for its safety, with Satellite Beach being named the safest city in Florida.
4. Merritt Island
- Appeal: Merritt Island is popular for its family-friendly atmosphere, fully stocked kitchens, and beautiful sunsets on the Indian or Banana rivers. Guests appreciate the close proximity to Cocoa Beach, Port Canaveral, and the Kennedy Space Center, making it an ideal location for relaxation and exploration.
5. Indialantic
- Appeal: Indialantic offers a blend of beachside townhomes and luxury oceanfront properties. Guests enjoy the barrier island setting, modern amenities, and the convenience of being close to historic Cocoa Village and other local attractions. The area provides a tranquil yet accessible vacation experience.
These neighborhoods are highly sought after due to their unique blend of beachfront living, proximity to major attractions, and a range of amenities that cater to different types of travelers.
Tips for Furnishing and Designing an Inviting Airbnb in Port Canaveral, Florida
Understand the Local Style and Preferences
- Port Canaveral and its surrounding areas, such as Cape Canaveral and Cocoa, are known for their coastal and modern aesthetics. Opt for light, airy color palettes and natural materials to reflect the laid-back, beach-town vibe.
Choose Amenities That Matter
- Guests in Port Canaveral often prioritize amenities like private pools, hot tubs, and outdoor spaces. Ensure your property includes these to enhance relaxation and enjoyment.
Focus on Family-Friendly Features
- Families favor larger accommodations with multiple bedrooms and bathrooms. Include amenities such as high chairs, travel cribs, or strollers to cater to family needs.
Incorporate Coastal and Tropical Decor
- Use tropical-inspired decor elements like palm motifs, nautical themes, and organic textures to create a welcoming and memorable space. Functional yet stylish furnishings are key.
Ensure Proximity to Local Attractions
- Highlight the proximity of your property to key attractions like the Kennedy Space Center, Cocoa Beach, and Port Canaveral. This can be a major selling point for guests.
Invest in Quality Furnishings
- High-quality, stylish furniture conveys luxury and comfort. Avoid overly generic items from big-box stores; instead, opt for unique pieces from premium retailers to create a distinctive space.
Utilize Outdoor Spaces Effectively
- Outdoor spaces should be equipped for grilling and relaxing. Include features like outdoor kitchens, fireplaces, and ample seating to make the most of the area's mild climate.
Pay Attention to Details
- Small details such as quality linens, high-end mattresses, and smart TVs in all rooms can significantly enhance guest satisfaction and positive reviews.
Consider the Peak Season
- The peak season in Port Canaveral is from January to April. Ensure your property is well-maintained and ready for the influx of guests during this period.
Add Personal Touches
- Incorporate local elements and personal touches to make the space feel more welcoming. This could include local artwork, plants, or unique decor items that reflect the area's culture.
Ensure Modern Appliances and Technology
- Properties with modern appliances and technology are in high demand. Include features like new appliances, washer and dryer, and high-speed internet to meet guest expectations.
Maintain Cleanliness and Organization
- Cleanliness is crucial. Ensure that the property is well-maintained, clean, and organized to receive high ratings from guests.
Discovering Port Canaveral: Local Attractions and Insider Tips for Your Guests
Local Attractions
Beaches and Water Activities
- Jetty Park Beach and Pier: A popular spot for beachgoers, offering soft sands, clear waters, and excellent fishing opportunities. It also features rentable pavilions and various amenities.
- Cape Canaveral Beaches: Enjoy pristine beaches with inviting waters, perfect for sunbathing, surfing, and other beach activities.
- Cocoa Beach Pier: An iconic landmark extending 800 feet into the Atlantic, offering shops, oceanfront restaurants, and fishing opportunities.
Space and Science
- Kennedy Space Center Visitor Complex: Explore the history of the U.S. space program, see rockets and shuttles up close, meet an astronaut, and experience a simulated space launch.
- Air Force Space & Missile History Center: Learn about the historic launch complexes at Cape Canaveral Air Force Station through exhibits and displays.
Nature and Wildlife
- Brevard Zoo: Features Treetop Trek, guided kayak tours, and the opportunity to feed giraffes and lorikeets.
- Manatee Sanctuary Park: A tranquil park with picnic areas and walking paths where you can spot Florida’s gentle manatees in their natural habitat.
- Airboat Tours: Explore the lush marshes and waterways near Port Canaveral, offering a thrilling ride and a close view of Florida’s diverse wildlife.
Entertainment and Dining
- The Cove: A waterfront dining and entertainment district with fresh seafood, live music, and local boutiques.
- Cocoa Village: Known for its vibrant arts scene, unique shops, galleries, and restaurants. It also hosts frequent community events.
- Cocoa Beach Surf Co.: A great place to find apparel, sunscreen, and other essentials for your beach and tropical adventures.
Historical and Educational Sites
- Cape Canaveral Lighthouse: Guided tours offer a glimpse into the maritime history of the area and provide spectacular views of the surrounding landscape.
- Exploration Tower: Features seven floors of exhibits and interactive displays, along with indoor and outdoor observation decks offering panoramic views.
Insider Tips
Transportation
- Getting to Orlando: If you plan to visit theme parks in Orlando, consider the fastest and safest options, such as buying shuttle tickets from your cruise line. The journey takes about an hour.
Time Management
- Cruise Ship Schedule: If your ship docks from 1 PM to 9 PM, plan your activities carefully to make the most of your time. Visiting theme parks in Orlando might be rushed, so consider local attractions instead.
Local Events and Activities
- Rocket Launches: If you time your visit right, you might be able to see a rocket launch from the Kennedy Space Center or other nearby launch sites.
- Deep-Sea Fishing: Take a boat trip for an off-the-coast adventure to catch the day’s biggest fish. Alternatively, opt for guided tours of the Space Coast waterways and nature paths.
Amenities and Services
- Beach Rentals: Use services like A1A Beach Rentals for affordable beach, bike, surf, SUP, kayak, boating, and fishing equipment.
- Public Transportation: Utilize the Space Coast Area Transit for convenient travel around the area.
By sharing these local attractions and insider tips, you can help your guests make the most of their visit to Port Canaveral and enjoy a memorable experience on the Space Coast.
Practical Tips to Run a Successful Short-Term Rental Business in Port Canaveral, Florida
To ensure a smooth and profitable short-term rental business in Port Canaveral, Florida, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.
Noise Regulations and Quiet Hours
Inform your guests about quiet hours and noise regulations to maintain a peaceful environment and avoid potential fines. Include clear guidelines on quiet hours in your digital and physical house manual to set expectations from the outset.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should cover everything from appliance usage to emergency contact details, ensuring guests have all the information they need for a comfortable stay.
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 parking instructions accompanied by photos to avoid any confusion.
Additional Tips
- Ensure your property is well-equipped with modern amenities such as fully stocked kitchens, comfortable bedding, and outdoor spaces that are inviting and well-maintained.
- Stay compliant with local regulations, including registering your property with the city, obtaining necessary licenses, and paying the required tourist development tax.
- Offer flexible cancellation policies and extended stay discounts to attract more bookings, especially during off-peak seasons.
- Encourage guest feedback and continuously improve your property and services based on their suggestions.
By following these tips, you can enhance the guest experience, reduce potential issues, and ensure your short-term rental business in Port Canaveral remains successful and compliant with local regulations.
Here is a brief list of house cleaning providers in or near Port Canaveral, Florida:
House Cleaning Services
Nancy's House Cleaning Service
- Based in Cocoa Beach, serves the Space Coast including Port Canaveral.
- Offers cleaning services for residents, vacation rentals, and businesses.
321 Maids
- Located in Cocoa Beach, provides services to the Port Canaveral area.
- Offers deep cleaning and residential services packages.
ALL STARS CLEANING SERVICES LLC
- Highly recommended in the Cape Canaveral area, which is near Port Canaveral.
- Known for professionalism, punctuality, and reasonable prices.
Brevard Home Cleaning
- Based in Brevard County, serves the broader area including Port Canaveral.
- Follows a 60+ criterion checklist for comprehensive cleaning services.
These services do not include repair or maintenance providers, as the sources primarily focus on cleaning services.