Last updated on June 21st, 2023
airbnb property investment Miramar Beach
Miramar Beach is located in the South Walton neighborhood and has immensely beautiful coastlines. With its fascinating seaside shops and a wide variety of restaurants available, there’s no wonder why it’s a favorite spot for all kinds of tourists!
Particularly during the summer and spring seasons, Miramar Beach offers year-round fun for tourists, honeymooners, and professionals alike. Aside from sports activities such as snorkeling and parasailing, this city is also popular for its renowned golf courses and exciting marine parks.
As you continue reading this article, you’ll discover if Miramar Beach is profitable and be able to decide whether it’s worth every penny for investing in 2023. We cited some actual houses for sale in Miramar Beach featuring various property types from 1-4-bedroom apartments/condominiums, along with some pros and cons when living in this city. Let’s dive in!
Advantages of Buying An Airbnb Property in Miramar Beach
What else is there to know about Miramar Beach aside from being one of the favorite summer and spring destinations in Florida? Here are some of the major reasons why you should start buying a property for Airbnb in Miramar Beach:
1. Livability & Cost of Living
Based on a recent report from Niche, Miramar Beach is indeed one of the best places to live in Florida for many reasons. This includes the overall livability and affordable cost of living – perfect for those who are looking for lesser expensive goods and services.
2. Low Crime Rates
Here’s another important advantage that all property investors in Miramar should know about: It’s safe in Miramar Beach as the total crimes are lower than the national average. Citytistics declares that the total crime rate is 4 per 1,000 people and property crimes (arson and theft) are lower, too! In comparison to other cities in Florida where crime rates are high, this is another advantage as it’s also important to consider investing a property in a city with low crime rates.
3. One of The Best Places for Retirement
Miramar Beach is considered as one of the best retirement spots in Florida due to its peaceful beach community. Setting aside the calming views of the sea, its health care for locals & tourists alike is also accessible and hospitals are accredited by the joint commission. Miramar Beach is highly recommended for retirees who want to have a passive income by owning a property and putting it up on Airbnb.
Disadvantage of Buying A Property in Miramar Beach
Since we discovered the pros of investing in Miramar Beach, let’s discuss some of the cons so you can know what to expect when living in this city. It’s always better to look at the two sides of each coin in order to properly set your expectations.
1. High Risk Hurricane Zone
It’s always devastating news to hear when people experience natural disasters in their local area. In Miramar Beach, one of the most unforgettable experiences for most local residents and tourists is when Hurricane Michael occurred in 2018. Home Facts confirms that Miramar Beach is a very high-risk hurricane zone, so it’s always better to be prepared!
Best Neighborhoods for Airbnb in Miramar Beach
Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Miramar Beach. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods in Miramar Beach:
airbnb property for sale Wisconsin Dells
1. Crystal Village
- Annual revenue: $54,843
- Average daily rate: $159
- Occupancy rate: 72%
2. Seascape
- Annual revenue: $46,497
- Average daily rate: $190
- Occupancy rate: 56%
3. Sandestin
- Annual revenue: $46,654
- Average daily rate: $189
- Occupancy rate: 52%
Is Property Investment Profitable in Miramar Beach, Florida?
Using a short-term rental calculator, it was discovered that a 2-bedroom apartment in Miramar Beach can generate an annual revenue of $64,737 with a steady occupancy rate of 58% and a nightly rate of $228.
airbnb property investment Miramar Beach
airbnb property investment Miramar Beach
Homes for Sale Miramar Beach, FL
Buying a beach house property will not only let you have access to a delightful vacation spot, but it can also bring an excellent return on investment and become a reliable income stream! It may be difficult to find the best properties that have the potential to produce high yields and capital growth, and this article will certainly help you through.
Here are some of the beachfront condos for sale in Miramar Beach FL, along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
2207 Simms St, Hollywood, FL 33020
1. Studio-type Property for Sale Miramar Beach
- 0.5 Miles to Attucks Middle School
- Asking Price: $125,000
| GROSS RENTAL YIELD | 20.16% |
| ANNUAL REVENUE | $25,201 |
| CASH ON CASH RETURN | 34.71% |
12600 SW 5th Ct Unit 413L, Pembroke Pines, FL 33027
2. 1-Bedroom Type Property for Sale Miramar Beach
- 1 mile to Walter C. Young Middle School
- Asking Price: $165,000
| GROSS RENTAL YIELD | 23.98% |
| ANNUAL REVENUE | $39,573 |
| CASH ON CASH RETURN | 46.18% |
308 SW Miracle Strip Pkwy Unit 17B, Fort Walton Beach, FL 32548
3. 2-Bedroom Type Property for Sale Miramar Beach
- 0.7 miles to Fort Walton Beach High School
- Asking Price: $175,000
| GROSS RENTAL YIELD | 24.37% |
| ANNUAL REVENUE | $42,642 |
| CASH ON CASH RETURN | 47.33% |
617 Emerald Ln, Fort Walton Beach, FL 32547
4. 3-Bedroom Type Property for Sale Miramar Beach
- 3.7 miles to Longwood Elementary School
- Asking Price: $270,000
| GROSS RENTAL YIELD | 24.49% |
| ANNUAL REVENUE | $66,132 |
| CASH ON CASH RETURN | 47.71% |
9 NE Ferry Rd, Fort Walton Beach, FL 32548
5. 4-Bedroom Type Property for Sale Miramar Beach
- 2.6 miles to Clifford Meigs Middle School
- Asking Price: $514,999
| GROSS RENTAL YIELD | 20.05% |
| ANNUAL REVENUE | $103,034 |
| CASH ON CASH RETURN | 34.37% |
Conclusion
In summary, Miramar Beach is generally a great place to live and invest in Airbnb property. However, it’s always best to speak to a real estate agent or expert to reassure you about any further questions you may have regarding your preferred property type. To make sure that a property can generate a nice cash flow, the right neighborhood should be studied and potential revenue should be calculated using an Airbnb calculator.
