Is Coconut Creek, Florida Good for Airbnb Investment?

To start an Airbnb in Coconut Creek, Florida, begin by researching local regulations as Coconut Creek requires short-term rental operators to obtain a business tax receipt and comply with zoning ordinances that typically allow vacation rentals in residential areas with restrictions on rental duration (minimum 7-day stays in most zones). Contact Broward County and Coconut Creek's Planning and Zoning Department to verify specific zoning compliance for your property location, then obtain necessary permits including a business tax receipt from the city (approximately $50-100 annually) and register with the Florida Department of Revenue for sales tax collection. Find a suitable property by purchasing or securing landlord permission if renting, ensuring it meets safety requirements including smoke detectors, carbon monoxide detectors, and proper egress windows. Furnish the space with quality furniture, linens, kitchen essentials, and amenities like WiFi, focusing on creating a welcoming atmosphere that appeals to tourists visiting nearby attractions like Butterfly World or Pompano Beach. List your property on Airbnb and other platforms like VRBO, setting competitive rates based on comparable properties in the area (typically $80-200 per night depending on size and amenities), and create compelling photos and descriptions highlighting proximity to beaches, shopping at Promenade at Coconut Creek, and easy access to Fort Lauderdale. Manage your property by establishing check-in procedures, maintaining cleanliness standards, responding promptly to guest inquiries, coordinating cleaning services between stays, and ensuring compliance with the 6% Florida sales tax and any applicable tourist development taxes that must be collected and remitted to appropriate authorities.

To identify profitable short-term rental properties in Coconut Creek, Florida, focus on locations within 15-20 minutes of major attractions like Butterfly World, Coconut Creek Casino, and proximity to Fort Lauderdale beaches, while targeting neighborhoods with easy highway access via I-95 and Florida's Turnpike. Seek properties with 2-4 bedrooms, pools, updated kitchens, and parking for multiple vehicles, as these features command premium rates in the South Florida market. Conduct pricing analysis using AirDNA and Mashvisor to identify properties where potential STR revenue exceeds long-term rental income by 40-60%, typically finding opportunities in the $300,000-$600,000 range for condos and $500,000-$900,000 for single-family homes. Research competition by analyzing existing Airbnb and VRBO listings within a 3-mile radius, identifying gaps in amenities or underpriced properties, while using tools like Rabbu, AllTheRooms, and local MLS data through partnerships with Coconut Creek realtors familiar with HOA restrictions. Leverage Broward County property records, STR permit databases, and local Facebook groups like "Coconut Creek Real Estate Investors" to identify emerging opportunities and understand regulatory requirements, while monitoring seasonal demand patterns that peak during winter months (December-April) when northern visitors drive occupancy rates above 75%.

To obtain an Airbnb/STR permit in Coconut Creek, Florida, you must first contact the City of Coconut Creek Planning and Zoning Department at City Hall located at 4800 West Copans Road to determine if short-term rentals are permitted in your specific zoning district, as the city has restrictions on STRs in residential areas. You'll need to submit an application for a business tax receipt through the Finance Department, providing required documents including proof of property ownership or lease agreement, certificate of insurance with minimum $1 million liability coverage, floor plan of the rental unit, parking plan showing adequate spaces, and contact information for a local property manager if you're not residing on-site. Additionally, you must obtain a Broward County business license and comply with state requirements by registering with the Florida Department of Business and Professional Regulation if operating more than three rental units. The city application fee is approximately $150-200, with Broward County fees around $100, and the state registration fee is $50. The approval timeline typically takes 4-6 weeks for city review, during which time the property may be subject to inspection for compliance with building, fire, and safety codes. Coconut Creek requires STR operators to maintain a 24-hour contact person, limit occupancy to two persons per bedroom plus two additional guests, provide adequate parking (typically two spaces minimum), and ensure the property meets all residential building codes and HOA requirements if applicable.

Short-term rentals (STRs) in Coconut Creek, Florida are generally prohibited for residential properties, as the city has implemented restrictive regulations that effectively ban most STR operations within city limits. Coconut Creek's municipal code prohibits the use of single-family homes and most residential properties as transient lodging facilities, defining short-term rentals as commercial activities that are not permitted in residential zoning districts. The city enacted these restrictions around 2018-2019 in response to neighborhood concerns about noise, parking, and the impact on residential character. Properties zoned for commercial or mixed-use may have limited opportunities for STR operations with proper permits and compliance with business licensing requirements, but the vast majority of residential areas in Coconut Creek do not allow short-term rentals of less than 30 days. The city actively enforces these regulations through code enforcement and can impose fines on property owners who operate illegal STRs, making Coconut Creek one of the more restrictive municipalities in Broward County regarding short-term rental operations.

The best Airbnb investment areas in Coconut Creek, Florida include the neighborhoods near Butterfly World and Tradewinds Park, which attract families and tourists visiting these popular attractions year-round. The Wynmoor Village area offers excellent potential due to its proximity to major highways like I-95 and the Florida Turnpike, making it convenient for business travelers and visitors to nearby Fort Lauderdale and Boca Raton. The residential areas around Coconut Creek Parkway and Lyons Road are ideal for investment properties as they provide easy access to Sawgrass Mills Mall, one of Florida's largest outlet malls, drawing shopping tourists from across the state and internationally. Properties near the Coconut Creek Casino benefit from gaming tourism and entertainment visitors. The neighborhoods close to Seminole Casino Coconut Creek and the adjacent shopping plazas attract both leisure and business travelers due to their central location between Miami and Palm Beach counties. Areas near Coconut Creek High School and the civic center are attractive for families visiting for sports tournaments and school events, while properties within walking distance of the Promenade at Coconut Creek shopping center appeal to visitors seeking retail therapy and dining experiences.

In Coconut Creek, Florida, Airbnb hosts are subject to multiple lodging and occupancy taxes including the Florida state sales tax of 6%, Broward County tourist development tax of 5%, and potentially a local bed tax that varies but typically ranges from 1-3%. The Florida Department of Revenue requires hosts to register for a sales tax permit and collect the 6% state sales tax on all rental transactions, with monthly remittance due by the 20th of the following month for most operators. Broward County's 5% tourist development tax must be collected on rentals of six months or less and remitted monthly to the Broward County Tax Collector's office, with registration required through their online portal. Coconut Creek may impose additional local occupancy taxes that are typically collected alongside county taxes, though rates can vary from 1-3% depending on local ordinances enacted between 2018-2024. Airbnb automatically collects and remits these taxes in many Florida jurisdictions through agreements established around 2016-2017, but hosts should verify coverage and may need to manually collect and remit if not covered by Airbnb's automatic system. Exemptions generally apply to rentals exceeding 30 days for state sales tax purposes, and some jurisdictions exempt rentals to permanent residents or government employees, though documentation requirements vary by locality and most short-term vacation rentals under 30 days are subject to the full tax burden.

The total cost to start an Airbnb in Coconut Creek, Florida is approximately $485,000-$565,000. Property purchase costs around $400,000-$450,000 based on median home prices in the area. Furnishing a 3-bedroom property runs $15,000-$25,000 including furniture, appliances, linens, and decor. Initial setup costs including professional photography, listing creation, and marketing materials total $2,000-$3,000. Permits and fees including business license, vacation rental permit, and inspection fees cost $500-$1,500. Insurance for short-term rental coverage runs $2,500-$4,000 annually. Utilities including electricity, water, internet, and cable average $300-$400 monthly or $1,800-$2,400 for six months. First six months operating costs including cleaning services at $75 per turnover (assuming 50% occupancy with 3-day average stays), property management software, supplies, and maintenance total $8,000-$12,000. Additional costs include HOA fees if applicable ($200-$400 monthly), property taxes ($4,000-$6,000 annually), and a reserve fund for unexpected repairs and vacancy periods of $10,000-$15,000.

Airbnb properties in Coconut Creek, Florida typically generate annual revenues between $35,000-$55,000 for well-positioned 2-3 bedroom homes, with average daily rates ranging from $120-$180 depending on proximity to beaches and seasonal demand. Operating expenses generally consume 40-50% of gross revenue, including property management fees (15-25%), cleaning costs ($75-$100 per turnover), utilities ($200-$300 monthly), insurance premiums ($2,500-$4,000 annually), and maintenance reserves. Net profit margins typically range from 15-25% for owner-operated properties, with successful hosts achieving occupancy rates of 65-75% by leveraging Coconut Creek's appeal as a family-friendly suburb with easy access to Fort Lauderdale beaches and Boca Raton attractions. Properties within walking distance of Tradewinds Park or featuring pools and modern amenities command premium rates, with some hosts reporting annual profits of $18,000-$25,000 on properties valued at $400,000-$600,000. Success factors include professional photography, responsive guest communication, strategic pricing during peak winter months (December-April), and maintaining consistent 4.8+ star ratings, though the market faces increasing competition from new hosts and potential regulatory changes in Broward County that could impact short-term rental operations.

Based on Coconut Creek, Florida market conditions, Airbnb investments typically generate annual ROI of 12-18% with cash-on-cash returns ranging from 8-14% depending on property type and location within the city. Properties near recreational areas and major highways like I-95 and the Sawgrass Expressway tend to perform at the higher end of this range. Initial profitability usually occurs within 6-12 months after launch, with full investment recovery expected in 5-7 years. The market benefits from consistent demand from business travelers visiting nearby Boca Raton and Fort Lauderdale, as well as tourists attracted to the area's golf courses, parks, and proximity to beaches. Average daily rates range from $85-150 depending on property size and amenities, with occupancy rates typically maintaining 65-75% annually. Properties requiring significant renovations may see extended profitability timelines of 12-18 months, while turnkey properties often achieve positive cash flow within the first quarter of operation.

STRSearch is a leading national platform that specializes in identifying profitable short-term rental properties for investors in Coconut Creek, Florida. Local real estate agents like those at Coldwell Banker Realty and RE/MAX Services have extensive knowledge of the Coconut Creek market and can help identify properties with strong Airbnb potential. National services such as Mashvisor, AirDNA, and Rabbu provide data analytics and market insights specifically for short-term rental investments in the area. Florida-based companies like SeeVegasHomes (which also operates in Florida markets) and local property management firms such as RedAwning and Vacasa offer comprehensive services from property acquisition to management. Real estate investment firms like Roofstock and BiggerPockets connect investors with Coconut Creek properties suitable for Airbnb conversion. Local agents specializing in investment properties include teams from Keller Williams and Century 21, who understand zoning regulations and HOA restrictions that affect short-term rentals in Coconut Creek. Additionally, companies like Awning and AvantStay provide market analysis and property sourcing services specifically tailored to Airbnb investors looking in the South Florida market including Coconut Creek.