Miami Condos That Allow Airbnb

Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
Miami Condos That Allow Airbnb
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty

Mar 13, 2019 March 13, 2019

Airbnb rental property investments are a hot topic all around the U.S, but it is even more relevant in Miami and Miami Beach for a number of reasons. First, given the constant growth of the Miami area, many see Airbnb condo investments as a way to participate in the growth of Miami by creating cash flow while holding onto a property that is likely to continue increasing in value. Second, given the cultural benefits, quality restaurants and nightlife, and year-round warm weather, everyone wants to have a pie de terre here to come at will. Buying into an Airbnb-approved condo that allows daily rentals allows those folks to subsidize their amazing Miami lifestyle. They get the best of all worlds: enjoy Miami and Miami Beach when they want, and make an income when they are away.

Can You Airbnb a Condo?

The short answer is, yes, you can buy a condo and Airbnb it. But you need to understand a few key points, starting with whether the condo allows short-term rentals or not. The last thing you want to do is to buy the perfect condo but then realize it doesn’t officially allow Airbnb rentals, even though some other owners are doing it. Working with a real estate professional that knows how to pull up the condo short term rental rules of the building or looking them up yourselves in the condo docs and condo rules and regulations is key.

Quick Tips:

#1. Condo buildings that allow Airbnb (meaning daily or weekly rentals) have different financing rules than typical condos. Use our guide to how to finance a short-term or vacation rental to make sure you understand your financing options.

#2. Condo-hotels can be a great option to use for Airbnb rentals, since they have flexible rental rules. But Condo-hotels require special financing rules too and have their own rules if you want to manage your condo-hotel unit through Airbnb instead of the hotel’s management program. Use our guide to buy a condo-hotel in Miami to help you navigate that option.

Airbnb Approved Condo Buildings

Here is a list of all the buildings that allow daily rentals or there are a solid number of owners that are listing and renting their condo units via airbnb. It is still important to verify with the association whether airbnb rentals are allowed per the condo docs. There are occasions where the management may be allowing the airbnb rentals at the moment even though the building is not officially approved for daily rentals. Do your due diligence, or reach out to us to help you with your condo search and to help you verify the condo’s rules and regulations.

 

CONDO NAMENEIGHBORHOODPrice RangesRENTAL POLICY
1 Hotel & HomesSouth Beach$1,170,000 - $5,950,000Daily, only hotel program
ABAE (1215 on West)South Beach299,000-425,000Daily, only hotel program
Aventura Beach Club / Marco Polo ResidencesSunny Isles Beach$84,000 - $265,000Daily
Barbizon Beach ClubSouth Beachcontact usDaily
Bayshore Yacht & Tennis ClubNorth Bay Village119,900-175,000Daily
Bentley Beach HiltonSouth Beach$665,000 - $1,090,000Daily
Carillon Resort and Condo (Center Tower)North Beach$425,000 - $1,950,000Daily
Carlyle Deco HotelSouth Beach$749,999-$​772,500Daily
CasablancaNorth Beach$190,500 - $239,000Daily
Castle Beach ClubMid-Beach179,900-​1,490,000No restrictions
Congress Hotel - Strand CondoSouth Beach$379,000 - $720,000No restrictions
Conrad MayfieldBrickell$280,000 - $1,549,000Daily
Emilia EdgewaterEdgewater249,000-​469,000Daily, no restrictions
Empire CondoSouth Beachcontact usDaily
Faena Hotel ResidencesMid-Beachcontact usDaily
Fortune House Brickell$239,000 - $410,000Daily
Fountainebleau Mid Beach669,000-​3,200,000Daily
Four Seasons Residences BrickellBrickell329,000-​25,000,000Daily
GrandEdgewater1,800-​2,500,000Daily
Icon Brickell III (W Miami)Brickell$345,000 - $780,000No restrictions
Le CartierSunny Isles Beach215,000-315,0007 days
M Resort ResidencesSunny Isles Beach$384,900 - $1,050,000Daily
Marenas Beach ResortSunny Isles Beach$380,000-​$1,050,000Daily
MidblockMidtown265,000-​494,900Daily
MondrianSouth Beach$3,000 - $870,000Daily
Mutiny ParkCoconut Grove$440,000 - $799,000Daily
Ocean ManorFort Lauderdalecontact usDaily (condo-hotel)
Ocean PlaceSouth Beach$449,000-1,400,000Weekly
Ocean Point Beach ClubSunny Isles Beach$344,900 - $1,250,000Daily if in hotel program, or if not in hotel program, then 3 months (6 months max), 3 times a year
Ocean ReserveSunny Isles Beach$259,000-500,000Daily if unit registered for short term rentals
Ocean VillasMid-Beachcontact usDaily
Okan TowerDowntowncontact usDaily
One Hotel & HomesSouth Beach1,170,000-​8,900,000Daily
Opera TowerEdgewater199,000-​1,199,000Daily
Q Club (Hilton)Fort Lauderdalecontact usDaily (condo-hotel)
Royal South BeachSouth Beachcontact usDaily
SetaiSouth Beach$1,499,000 - $8,300,000Daily
ShelbourneSouth Beach$375,000 - $1,200,000Daily
SLS BrickellBrickell375,000-​1,890,000Daily for the condo-hotel units
Smart Brickell (pre-construction)Brickellcontact usDaily, but only 24 times a year
SoleSunny Isles Beach279,000-​1,100,000Daily ok (condo-hotel)
Terra BeachsideMid Beach$365,000-935,500Flexible, short term ok
The BogartSouth Beachcontact usDaily
The Club at BrickellBrickell198,500-​455,000Daily
The MercurySouth Beach$274,000-​$825,000Daily
The MutinyCoconut Grove$299,000-595,000Daily
The NevilleSouth Beach449,000-510,000Daily
Tower 41Mid Beachcontact usDaily
Trump InternationalSunny Isles Beach$260,900 - $1,595,000Daily
W Hotel South BeachSouth Beach$915,000-​12,500,000Daily
Waldorf AstoriaDowntowncontact usDaily
YotelPadDowntowncontact usDaily
Z Ocean Hotel South Beach$309,000-445,000No restrictions

Photo credit: 57ocean.com

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