Best Mid Beach Airbnb Condos for Investment
Investing in Mid Beach Airbnb condos can be a lucrative endeavor. Mid Beach, located in the heart of Miami Beach, offers a perfect blend of luxury, convenience, and high demand from tourists. This area is known for its upscale properties, stunning ocean views, and proximity to Miami’s top attractions. For investors looking to capitalize on the booming vacation rental market, Mid Beach presents an excellent opportunity. Here, we explore the best Mid-Beach Airbnb condos for investment.
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Why Invest in Mid Beach Airbnb Condos?
High Demand and Occupancy Rates
Mid Beach attracts a diverse range of visitors year-round, from vacationers seeking a tropical getaway to business travelers attending conferences. The consistent influx of tourists ensures high occupancy rates for Airbnb properties, making it a reliable source of income. According to AirDNA data, the average daily rate for Airbnb properties in Mid Beach is $360.2, with the maximum daily rate reaching $449 in February and March. The average occupancy rate stands at 52%, peaking at 63% in March. This high demand makes Mid Beach a lucrative market for short-term rentals.
Premium Rental Rates
Given the luxurious nature of Mid Beach condos and the prime location, these properties command premium rental rates. Investors can expect significant returns, especially during peak tourist seasons. The average revenue for Airbnb properties in Mid Beach is $61.1K annually, with the maximum monthly revenue reaching $7,600 in March. The RevPAR (Revenue Per Available Room) is $196.6, with weekend RevPAR soaring to $428. These figures underscore the strong earning potential for Airbnb investors in this area.
Appreciation Potential
Real estate in Miami Beach has historically shown strong appreciation rates. Investing in Mid Beach not only provides immediate rental income but also offers long-term capital growth potential. According to Redfin, the median sale price of a home in Mid Beach is $740K, up 19.4% since last year. The median sale price per square foot in Mid Beach is $712, up 13.6% since last year. Homes in Mid Beach sell after an average of 102 days on the market, compared to 88 days last year. There were 171 homes sold in May 2024, down from 183 last year. This appreciation potential makes Mid Beach an attractive market for real estate investors.
Top Mid Beach Airbnb Condos for Investment
| Property Name | Price Range | Rental Policy |
| Castle Beach Club | $269,000 – $3,100,000 | No restrictions, minimum one-day rental |
| The Residences at The Miami Beach Edition | $3,150,000 – $16,000,000 | Flexible short-term rental options |
| Faena Hotel Residences | N/A | Daily rental policy |
| Fontainebleau II Tresor | $999,000 – $19,750,000 | Daily rental policy |
| Tower 41 | $425,000 – $1,350,000 | Daily rental policy |
Castle Beach Club: Miami Beach’s Premier Residence
Located at 5445 Collins Avenue, the Castle Beach Club stands as a beacon of luxury and convenience in the heart of Miami Beach. This iconic 18-story building, constructed in 1966, offers an array of exceptional residences, making it a sought-after destination for buyers, renters, and investors interested in Airbnb and short-term rentals.
Castle Beach Club Features
Castle Beach Club boasts 570 units with spacious and versatile floor plans ranging from 260 to 1,480 square feet. Each unit is designed to maximize comfort and style, featuring designer kitchens, deluxe bathrooms, and wraparound balconies that provide breathtaking views of the Atlantic Ocean. Whether you seek a cozy studio or a more expansive living space, Castle Beach Club offers a variety of options to suit your needs.
Castle Beach Club Building Amenities
Residents at Castle Beach Club enjoy access to a wealth of luxurious amenities designed to enhance their lifestyle. The private beach with direct access allows you to enjoy the pristine sands and crystal-clear waters of Miami Beach right at your doorstep. For those who prefer a more secluded environment, the rooftop pool with a sundeck offers a serene escape with stunning ocean views.
Health and wellness are a priority at Castle Beach Club, featuring a world-class health and fitness center, a luxury health spa, and the unique Turkish bath. Sports enthusiasts will appreciate the on-site tennis court, while entertainment options abound with a hi-def screening room and a resort deck for social gatherings.
The building also caters to families with a children’s playroom, ensuring that younger residents have their own space to enjoy. High-speed Internet is available in all common areas, and the 24-hour concierge and valet service guarantee convenience and peace of mind for all residents.
Castle Beach Club Location and Accessibility
Castle Beach Club’s central location in Miami Beach provides easy access to the area’s vibrant cultural and entertainment scene. With a Walk Score® of 56, residents can explore nearby attractions, restaurants, and shops with ease. For those who prefer biking or public transit, the property scores 49 in both Transit and Bike Scores®, indicating good accessibility.
Castle Beach Club Airbnb Investment Opportunities
Castle Beach Club presents a compelling investment opportunity with 24 units available for sale and 8 for rent. Prices range from $269,000 to $3,100,000, with an average price per square foot of $1,342. The flexible rental policy, with no restrictions and a minimum one-day rental option, makes it an attractive choice for investors looking to maximize rental income through Airbnb and short-term rentals. This flexibility ensures high occupancy rates and attractive returns on investment.
Castle Beach Club Pet-Friendly Environment
Pets are welcome at Castle Beach Club, making it a perfect home for animal lovers. Both owners and Airbnb renters can enjoy the company of their pets, adding to the community’s inclusive and welcoming atmosphere.
Castle Beach Club Additional Conveniences
Residents benefit from covered parking, an exclusive on-site restaurant, and a convenience store for everyday needs. The building is secured 24/7, ensuring a safe environment for all. Each unit is equipped with central heating and cooling, providing comfort throughout the year.
Castle Beach Club is not just a place to live; it’s a lifestyle. Its blend of luxurious amenities, prime location, and versatile living spaces make it an unparalleled choice for those seeking the best of Miami Beach. Whether you’re looking to buy, rent, or invest in Airbnb or short-term rental properties, Castle Beach Club offers an exceptional living experience in one of the world’s most desirable destinations.
The Residences at The Miami Beach Edition: Luxury Living Redefined
Located at 2901 Collins Avenue, The Residences at The Miami Beach Edition offer a unique blend of luxury, privacy, and exclusivity. Situated on one of Miami’s most beautiful sugar sand beaches, these residences provide unparalleled ocean views and top-tier amenities. Built in 2014, this six-story building houses 26 exclusive units that epitomize refined living in Miami Beach.
The Edition Features
The Residences at The Miami Beach Edition are designed to offer the utmost in luxury and comfort. With sizes ranging from 1,124 to 3,764 square feet, each unit boasts direct ocean views through floor-to-ceiling glass walls. The private entry foyer ensures a grand welcome, while the John Pawson custom-designed interiors create an elegant and modern atmosphere.
The open Bulthaup kitchen, featuring John Pawson’s custom design, is both functional and stylish, equipped with top-of-the-line appliances. The custom-designed feature wall includes a cantilevered concrete bench and built-in sliding bleached oakwood panels to conceal a flat-screen television, adding a touch of sophistication. Other unique features include a custom-designed fireplace, bleached teak wood flooring, and custom-designed closet doors.
The Edition Amenities
Residents at The Miami Beach Edition enjoy a range of world-class amenities that enhance their living experience. The exclusive beachfront area provides chaise lounges and umbrellas, ensuring a private and relaxing beach experience. Residents receive priority access to hotel restaurants and bars, the spa and salon, poolside cabanas, and more.
Priority status for room reservations at special residents’ rates and access to all public events and other amenities available to hotel guests are among the many perks. The residential VIP signing privileges and direct billing services at The Spa, restaurants, lounges/bars, Pool Bar, Pool Grill, and EDITION Retail Shop offer unparalleled convenience.
For those needing additional services, The Residences at The Miami Beach Edition provide pet walking, sitting, and grooming services, special internationally available concierge services, 24-hour 5-star concierge services with babysitting services, and 24-hour security, valet, and limo services. Meeting rooms and a business center cater to professional needs, making it an ideal residence for business travelers.
The Edition Airbnb and Short-Term Rental Opportunities
The Residences at The Miami Beach Edition also present an excellent opportunity for those interested in Airbnb and short-term rentals. With its prime location and luxurious amenities, these residences are highly desirable for vacationers seeking a high-end short-term rental experience. The flexibility of short-term rental options, including Airbnb, can provide significant rental income potential for property owners.
The Edition Location and Accessibility
The prime location of The Residences at The Miami Beach Edition provides easy access to the best of Miami Beach. Residents can walk to the Faena District, known for its eclectic bazaar, performance center, restaurants, and forum. The nearby Miami Beach Boardwalk offers a scenic route for walking or biking. A short drive will take you to the bustling Lincoln Road, Ocean Drive, or the upscale Bal Harbour Shops.
With a Walk Score® of 83, the area is very walkable, allowing residents to complete most errands on foot. The Transit Score® of 58 indicates good access to public transportation, and a Bike Score® of 75 suggests the area is very bikeable. The Miami International Airport is just 20 minutes away by car, adding to the convenience for frequent travelers.
The Edition Airbnb Investment Opportunities
The Residences at The Miami Beach Edition present an excellent investment opportunity with only 2 units currently available for sale and 2 for rent. The list prices range from $3,150,000 to $16,000,000, with an average price per square foot of $3,918. The association fee averages $2.13 per square foot per month, reflecting the high-end services and amenities provided.
The Edition Pet-Friendly Environment
This residence is pet-friendly, accommodating both owners and renters. Large pets are allowed for owners, making it a perfect home for pet lovers.
Additional Conveniences
Units come equipped with central heating, electric heat, central cooling, a dishwasher, washer, dryer, and walk-in closets, ensuring comfort and convenience. The stylish condo design is complemented by practical features, making it an ideal choice for those seeking luxury and functionality.
The Residences at The Miami Beach Edition redefine luxury living with their exceptional design, prime location, and extensive amenities. Whether you’re looking to buy, rent, or invest in an Airbnb or short-term rental property, this residence offers an unmatched living experience in one of Miami Beach’s most desirable locations.
Faena Hotel Residences: Luxury Living and Airbnb Opportunities in Miami Beach
Located at 3201 Collins Avenue, the Faena Hotel Residences offer a unique blend of luxury, art, and culture in the heart of Miami Beach. This 14-story building, completed in 2016, houses 21 exclusive units that epitomize opulence and sophistication. Situated in the vibrant and eclectic Faena District, these residences provide an unparalleled living experience and excellent opportunities for Airbnb and short-term rental investments.
Faena Residence Features
The Faena Hotel Residences are designed to offer expansive and luxurious living spaces. With sizes ranging from 1,124 to 3,764 square feet, each unit boasts direct ocean views through floor-to-ceiling glass walls. The private entry foyer ensures a grand welcome, while the custom-designed interiors by John Pawson create an elegant and modern atmosphere. Features include expansive terraces, spacious master suites, secondary bedrooms with en-suite baths, powder rooms, and in-unit washer/dryers, making these residences both elegant and functional for long-term stays or short-term rentals like Airbnb.
Faena Amenities
Residents at Faena Hotel Residences enjoy a range of world-class amenities that enhance their living experience. The building offers several renowned restaurants and bars, providing gourmet dining experiences right at your doorstep. The theater and curated art and culture events make the Faena District a cultural hub, offering residents unique and enriching experiences.
Health and wellness are a priority at Faena, featuring the Tierra Santa Healing House Sanctuary with fitness trainers and holistic healers. This sanctuary provides a serene environment for relaxation and rejuvenation, appealing to both long-term residents and short-term guests.
Faena Hotel Residences Amenities
Faena Hotel Residences provide an array of luxurious amenities designed to cater to every need. The waterfront location offers unrestricted ocean access, allowing residents and Airbnb guests to enjoy the pristine waters of Miami Beach. The heated pool, sauna, spa/hot tub, and cabana offer the perfect spots for relaxation and leisure.
General amenities include a bar, child play area, and library, ensuring that all residents and short-term renters have access to a variety of recreational options. Valet parking is available, providing convenience and ease of access.
Faena Sport and Fitness
The exercise room is equipped with state-of-the-art fitness equipment, allowing residents and Airbnb guests to maintain their fitness routines without leaving the building. This focus on health and wellness ensures that all can enjoy a balanced and active lifestyle.
Faena Location and Accessibility
The prime location of Faena Hotel Residences provides easy access to the best of Miami Beach. Residents can walk to the Faena District, known for its eclectic bazaar, performance center, restaurants, and forum. The nearby Miami Beach Boardwalk offers a scenic route for walking or biking. A short drive will take you to the bustling Lincoln Road, Ocean Drive, or the upscale Bal Harbour Shops.
With a Walk Score® of 83, the area is very walkable, allowing residents and Airbnb guests to explore nearby attractions, restaurants, and shops with ease. The Transit Score® of 58 indicates good access to public transportation, and a Bike Score® of 74 suggests the area is very bikeable. The Miami International Airport is just 20 minutes away by car, adding to the convenience for frequent travelers.
Faena Airbnb Investment Opportunities
Faena Hotel Residences represent an excellent investment opportunity, especially for those interested in Airbnb and short-term rental markets. The unique blend of luxury, art, and culture in the Faena District makes these residences highly desirable for both long-term living and short-term rentals. The daily rental policy allows for flexible income opportunities, making it an attractive choice for investors looking to maximize returns.
Faena Pet-Friendly Environment
Faena Hotel Residences are pet-friendly, accommodating large pets for owners. This makes it an ideal home for pet lovers who want to enjoy luxurious living without compromising the comfort of their furry friends, whether staying long-term or for a short-term Airbnb rental.
Additional Conveniences
Units come equipped with central heating, central cooling, a dishwasher, washer, dryer, and walk-in closets, ensuring comfort and convenience. These modern amenities complement the stylish condo design, making it an ideal choice for those seeking luxury and functionality.
Faena Hotel Residences offer a unique living experience with their exceptional design, prime location, and extensive amenities. Whether you’re looking to buy, rent, or invest in an Airbnb or short-term rental property, Faena Hotel Residences provide an unmatched lifestyle in one of Miami Beach’s most desirable and culturally rich locations.
Fontainebleau II Tresor: Luxury Living and Airbnb Opportunities in Miami Beach
Located at 4401 Collins Avenue, the Fontainebleau II Tresor stands as a testament to luxury and elegance in Miami Beach. This 37-story tower, completed in 2008, offers 462 exquisite units that range from 516 to 4,500 square feet. With its prime location and top-notch amenities, Fontainebleau II Tresor is a coveted destination for buyers, renters, and investors interested in Airbnb and short-term rental opportunities.
Fontainebleau II Tresor Residence Features
Fontainebleau II Tresor provides a variety of living spaces designed to cater to different needs and preferences. Each unit features spacious floor plans, luxurious finishes, and breathtaking views of the Atlantic Ocean. The residences are equipped with modern kitchens, elegant bathrooms, and private balconies that offer a serene retreat from the bustling city life. Whether you are looking for a cozy studio or a sprawling penthouse, Fontainebleau II Tresor has something to suit your taste.
Fontainebleau II Tresor Amenities
Residents at Fontainebleau II Tresor enjoy access to an array of world-class amenities that enhance their living experience. The waterfront location provides deeded beach access, allowing residents and Airbnb guests to enjoy the pristine Miami Beach shoreline. The property features multiple pools, including a heated pool, and spa facilities such as saunas and hot tubs, ensuring a relaxing and rejuvenating environment.
Fontainebleau II Tresor Building Amenities
Fontainebleau II Tresor offers a wide range of amenities designed to cater to every need. General amenities include a business center, child play area, club room, community room, elevator, and a bike jog path. Valet parking ensures convenience for residents and guests, while the sport and fitness facilities, including a billiard room and exercise room, promote an active lifestyle.
Fontainebleau II Tresor Airbnb and Short-Term Rental Opportunities
Fontainebleau II Tresor presents an excellent opportunity for those interested in Airbnb and short-term rentals. With 10 units available for sale and 4 for rent, and a rental policy that allows daily rentals, investors can capitalize on the high demand for vacation rentals in Miami Beach. The list prices range from $999,000 to $19,750,000, with an average price per square foot of $2,595. The association fee averages $1.31 per square foot per month, reflecting the high-end services and amenities provided.
Fontainebleau II Tresor Location and Accessibility
The prime location of Fontainebleau II Tresor offers easy access to the best of Miami Beach. With a Walk Score® of 79, the area is very walkable, allowing residents and Airbnb guests to explore nearby attractions, restaurants, and shops with ease. The proximity to the vibrant South Beach, the upscale Bal Harbour Shops, and the bustling Lincoln Road provides a variety of entertainment and shopping options. The Miami International Airport is just a 20-minute drive away, adding to the convenience for frequent travelers.
Nearby Amenities
Fontainebleau II Tresor is surrounded by an array of nearby amenities that enhance the living experience. The Fontainebleau Miami Beach complex itself offers multiple dining options, including fine dining restaurants and casual cafes. The famous LIV nightclub is a hotspot for nightlife enthusiasts, while the on-site shops provide convenient shopping options. Additionally, the nearby Miami Beach Boardwalk offers a scenic route for walking, jogging, or biking along the oceanfront.
Fontainebleau II Tresor Pet-Friendly Environment
Fontainebleau II Tresor is a pet-friendly residence, accommodating both owners and renters with pets. Large pets are allowed for owners, making it an ideal home for pet lovers who want to enjoy luxurious living without compromising the comfort of their furry friends.
Additional Conveniences
Units at Fontainebleau II Tresor come equipped with central heating, central cooling, a dishwasher, washer, dryer, and walk-in closets, ensuring comfort and convenience. These modern amenities complement the stylish condo design, making it an ideal choice for those seeking luxury and functionality.
Fontainebleau II Tresor offers a unique living experience with its exceptional design, prime location, and extensive amenities. Whether you’re looking to buy, rent, or invest in an Airbnb or short-term rental property, Fontainebleau II Tresor provides an unmatched lifestyle in one of Miami Beach’s most desirable locations.
Tower 41: Convenient Luxury Living and Airbnb Opportunities in Miami Beach
Located at 4101 Pinetree Drive, the Tower 41 offers a blend of comfort, convenience, and luxury in the heart of Miami Beach. This 18-story building, constructed in 1974, comprises 420 units and provides a range of amenities that cater to both residents and investors. With its prime location and flexible rental policy, Tower 41 is an excellent choice for buyers, renters, and those interested in Airbnb and short-term rental opportunities.
Tower 41 Residence Features
Tower 41 offers a variety of spacious and versatile living spaces. Units range from 820 to 1,670 square feet, featuring modern conveniences such as central heating, central cooling, dishwashers, and walk-in closets. The design ensures both comfort and functionality, making it ideal for long-term residents and short-term rental guests alike.
Tower 41 Building Amenities
Residents at Tower 41 enjoy a host of amenities designed to enhance their lifestyle. The building includes a well-maintained swimming pool, a fitness center, and a community room for social gatherings. Additionally, the on-site management and maintenance teams ensure that all residents’ needs are promptly addressed, contributing to a hassle-free living experience.
Tower 41 Airbnb and Short-Term Rental Opportunities
Tower 41 is particularly attractive for investors interested in Airbnb and short-term rentals. With 11 units available for sale and 1 for rent, and a rental policy that allows daily rentals, investors can capitalize on the high demand for vacation rentals in Miami Beach. List prices range from $425,000 to $1,350,000, with an average price per square foot of $623. The association fee averages $0.78 per square foot per month, making it a cost-effective option for maintaining the high-end services and amenities provided.
Tower 41 Location and Accessibility
The prime location of Tower 41 provides easy access to the best of Miami Beach. With a Walk Score® of 93, the area is considered a walker’s paradise, allowing residents and Airbnb guests to explore nearby attractions, restaurants, and shops with ease. The Transit Score® of 58 indicates good access to public transportation, while the Bike Score® of 71 suggests the area is very bikeable. This connectivity ensures that residents and short-term renters can easily navigate the vibrant Miami Beach area.
Nearby Amenities
Tower 41 is surrounded by a variety of nearby amenities that enhance the living experience. The building’s central location offers easy access to the Miami Beach Boardwalk, providing a scenic route for walking, jogging, or biking along the oceanfront. Additionally, the nearby Lincoln Road Mall and Ocean Drive offer numerous dining, shopping, and entertainment options, ensuring that there is always something to do.
Tower 41 Pet-Friendly Environment
Tower 41 is a pet-friendly residence, accommodating pets for renters. This makes it an ideal home for pet lovers who want to enjoy luxurious living without compromising the comfort of their furry friends, whether staying long-term or for a short-term Airbnb rental.
Additional Conveniences
Units at Tower 41 come equipped with central heating, central cooling, dishwashers, and walk-in closets, ensuring comfort and convenience. These modern amenities complement the stylish condo design, making it an ideal choice for those seeking luxury and functionality.
Tower 41 offers a unique living experience with its exceptional design, prime location, and extensive amenities. Whether you’re looking to buy, rent, or invest in an Airbnb or short-term rental property, Tower 41 provides an unmatched lifestyle in one of Miami Beach’s most desirable locations.
Factors to Consider When Investing in Mid Beach Airbnb Condos
Investing in Mid Beach Airbnb condos can be a lucrative venture, but it’s important to consider several factors to maximize your return on investment. Here’s an in-depth look at key considerations:
Location within Mid Beach
While Mid Beach as a whole is a desirable area, certain locations within Mid Beach may offer higher rental yields. Properties closer to popular attractions, dining, and entertainment options tend to attract more guests and command higher rates. For instance, condos near the Miami Beach Boardwalk, Faena District, and Lincoln Road Mall are particularly sought after. These areas provide easy access to beaches, upscale restaurants, and vibrant nightlife, making them attractive to vacationers.
Property Management
Effective property management is crucial for maximizing rental income. Consider hiring a professional property management company that specializes in short-term rentals to handle bookings, maintenance, and guest services. A reliable management company can ensure your property is well-maintained and provide a seamless experience for guests, leading to higher occupancy rates and positive reviews. Additionally, professional management can help navigate the complexities of dynamic pricing to optimize rental rates based on demand.
Regulatory Environment
Stay informed about local regulations governing short-term rentals in Miami Beach. Compliance with zoning laws, licensing requirements, and safety standards is essential to avoid fines and ensure smooth operation. Regulations can vary significantly, with some areas imposing strict rules on short-term rentals. Understanding these regulations can help you make informed decisions and avoid potential legal issues. Engage with local authorities or a real estate attorney to stay updated on any changes in short-term rental policies.
Amenities and Services
Properties with a wide range of amenities and services tend to attract more guests and achieve higher rental rates. Investing in condos that offer luxurious features such as pools, fitness centers, concierge services, and private beach access can significantly enhance your investment returns. Guests often look for properties that provide an exceptional experience, and high-quality amenities can set your property apart from the competition. Additionally, services like 24-hour security, valet parking, and on-site dining options can further enhance the attractiveness of your condo.
Market Trends and Demand
Keep an eye on market trends and demand patterns. Understanding the preferences and needs of your target market can help you make informed investment decisions and tailor your property to meet guest expectations. Data from AirDNA and other sources can provide insights into average daily rates, occupancy rates, and seasonal demand fluctuations. For example, Mid Beach experiences peak occupancy and rental rates during the winter months and major events, such as Art Basel. Staying attuned to these trends can help you adjust pricing strategies and marketing efforts to maximize revenue.
Additional Considerations
- Seasonality: Miami Beach has distinct peak seasons that can affect occupancy rates and rental income. Plan your investment strategy to capitalize on high-demand periods and mitigate off-season lulls.
- Property Condition: Regular maintenance and updates to the property can keep it competitive in the market. Modern, well-maintained properties with appealing aesthetics are more likely to attract guests and receive positive reviews.
- Guest Experience: Enhancing the guest experience through thoughtful touches, such as welcome packages, local guides, and personalized communication, can lead to repeat bookings and word-of-mouth referrals.
- Insurance: Ensure your property is adequately insured, covering both the physical property and potential liability issues arising from short-term rentals.
Investing in Mid Beach Airbnb condos requires careful consideration of various factors to maximize returns. By focusing on prime locations, effective property management, regulatory compliance, high-quality amenities, and market trends, you can enhance your investment strategy and achieve significant financial success in this lucrative market.
Conclusion
Investing in Mid Beach Airbnb condos offers a compelling opportunity for generating significant rental income and achieving long-term capital growth. Properties like The Faena House, The Carillon Miami Wellness Resort, The Fontainebleau Miami Beach, 1 Hotel & Homes, and The W South Beach represent some of the best investment options in the area. By carefully considering factors such as location, property management, regulatory compliance, and amenities, investors can maximize their returns and secure a profitable venture in the vibrant Mid Beach market.
