Is Coconut Grove, Florida Good for Airbnb Investment?

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Coconut Grove, Florida Airbnb Investment Overview

Is Airbnb a Good Investment in Coconut Grove, Florida?

Investing in Airbnb properties in Coconut Grove, Florida, can be a promising venture given its unique blend of upscale charm, vibrant community, and waterfront appeal, which consistently attracts tourists and snowbirds alike. Current market conditions in Coconut Grove show strong demand for short-term rentals, especially for properties offering luxury amenities or proximity to key attractions like the CocoWalk, Biscayne Bay, and various parks. While property values are generally high in this desirable neighborhood, the consistent influx of visitors, coupled with the area's ongoing development and popularity as a high-end residential and commercial district, contributes to a robust investment potential. The tourism trends indicate a steady demand for unique, localized experiences that Airbnbs can provide, making it a potentially good investment for those who can navigate the initial high property costs and local regulations.

How Much Does an Average Airbnb Earn in Coconut Grove?

Based on available market data, Airbnb properties in Coconut Grove, Florida typically generate average monthly revenues ranging from $2,800 to $5,200, with one-bedroom units earning approximately $2,800-$3,500 per month and larger two to three-bedroom properties commanding $4,000-$5,200 monthly. Seasonal variations show peak earnings during winter months (December through March) when revenues can increase by 25-40% above annual averages due to snowbird migration and favorable weather, while summer months typically see 15-20% lower occupancy rates and pricing. Key factors affecting earnings include proximity to Coconut Grove's waterfront and marina (properties within walking distance of Peacock Park and the sailing club command premium rates), property amenities such as pools or bay views, unit size and modern renovations, with luxury condominiums in high-rise buildings significantly outperforming single-family homes in terms of nightly rates. Market analysis indicates that properties with professional management and optimized listings achieve occupancy rates of 70-85% compared to 45-60% for owner-managed units, while the neighborhood's appeal to both business travelers visiting nearby Coral Gables and tourists exploring Miami's cultural attractions contributes to relatively stable year-round demand despite seasonal fluctuations.

Airbnb Return on Investment in Coconut Grove

Airbnb investments in Coconut Grove, Florida typically generate ROI between 8-14% annually, with premium waterfront properties achieving up to 18% returns due to the area's high tourist demand and proximity to downtown Miami. The average payback period ranges from 7-12 years depending on property type and initial investment, with condos near the marina and historic district performing best. Short-term rentals in Coconut Grove generally outperform long-term rentals by 3-6 percentage points, as traditional rental properties in the area yield approximately 5-8% ROI annually. Properties within walking distance of CocoWalk and Peacock Park command average daily rates of $180-280, with occupancy rates of 65-75% year-round, while long-term rentals average $2,800-4,200 monthly for comparable units. The higher returns from Airbnb investments come with increased management complexity and seasonal fluctuations, but the area's consistent appeal to both business travelers and tourists, combined with limited hotel inventory, supports strong short-term rental performance that typically justifies the additional operational requirements.

Average Airbnb Occupancy Rate in Coconut Grove

Coconut Grove, Florida maintains an average annual Airbnb occupancy rate of approximately 68-72%, which is notably higher than the national average of 48-52% and slightly above Florida's state average of 65-68%. The neighborhood experiences significant seasonal fluctuations, with peak occupancy rates reaching 85-90% during the winter months of December through March when northern visitors escape colder climates, and again during Art Basel Miami Beach in December when rates can spike to 95%. Spring months of April and May maintain strong occupancy around 75-80%, while summer months of June through August see a decline to 55-65% due to Miami's hot and humid weather, though this is still above national summer averages. The fall shoulder season of September through November typically sees occupancy rates of 60-70% before the winter surge begins. Coconut Grove's premium location within Miami, proximity to downtown and the waterfront, cultural attractions, and upscale dining scene contribute to its consistently higher occupancy rates compared to both state and national benchmarks, with the area benefiting from both leisure tourism and business travel throughout the year.

Best Neighborhoods for Airbnb in Coconut Grove

The most lucrative Airbnb investment neighborhoods in Coconut Grove include the Village Center area which offers premium pricing due to its walkability to CocoWalk shopping, restaurants, and nightlife, attracting affluent tourists and business travelers willing to pay $200-400 per night. The Sailboat Bay waterfront district commands top dollar rates of $300-500 nightly with direct bay access, luxury condos, and proximity to marinas appealing to boating enthusiasts and high-end vacationers. The Roads neighborhood provides strong mid-tier investment opportunities with historic charm, tree-lined streets, and easy access to downtown Miami, generating consistent $150-250 nightly rates from both leisure and business guests. Tigertail area offers excellent value with newer developments, family-friendly amenities, and reasonable acquisition costs while still commanding $180-300 per night due to proximity to Peacock Park and the Grove's cultural attractions. The Ransom Everglades vicinity benefits from its prestigious location near elite schools and Vizcaya Museum, attracting visiting families and cultural tourists at $200-350 nightly rates. Silver Bluff provides emerging investment potential with more affordable property prices and growing appeal among young professionals, generating $120-220 per night with strong occupancy rates due to its central location and improving neighborhood amenities.

Short-term Rental Regulations in Coconut Grove

Short-term rental regulations in Coconut Grove, Florida fall under Miami-Dade County's comprehensive ordinance that requires all operators to obtain a business tax receipt and register with the county's short-term rental program, with properties limited to a maximum occupancy of two persons per bedroom plus two additional guests, not exceeding 10 people total. Owner-occupancy is not required for most properties, but rentals are prohibited in single-family residential areas zoned RU-1 unless they qualify for specific exemptions, while multi-family and mixed-use zones generally permit short-term rentals with proper licensing. The registration process involves submitting an application with property details, proof of insurance, emergency contact information, and paying annual fees of approximately $150-300 depending on property size, along with required inspections for fire safety and building code compliance. Recent regulatory changes have strengthened enforcement mechanisms, increased penalties for non-compliance to up to $1,000 per violation, implemented stricter noise ordinances with quiet hours from 10 PM to 8 AM, and required platforms like Airbnb to verify host registration numbers before listing properties. Properties must maintain liability insurance of at least $500,000, display registration numbers prominently, and provide 24-hour contact information to neighbors, while parking must be limited to designated spaces and cannot exceed the property's legal capacity.

Short-term Rental Fees and Taxes in Coconut Grove

Short-term rentals in Coconut Grove, Florida are subject to multiple fees and taxes including Florida's 6% state sales tax, Miami-Dade County's 7% resort tax (also called Tourist Development Tax), and the City of Miami's additional 2% convention development tax, totaling approximately 15% in combined taxes on rental income. Property owners must obtain a Miami-Dade County short-term rental license costing approximately $300-500 annually, plus a City of Miami business tax receipt ranging from $50-150 depending on property value. Additional requirements include a one-time registration fee of around $100-200, fire safety inspection fees of approximately $75-125, and potential homeowner association fees if applicable. Properties may also be subject to Miami-Dade's Certificate of Use fee of roughly $100-300 and periodic renewal costs. Some properties require additional permits such as a Resort Dwelling License which can cost $200-400 annually, and owners must also account for potential fines and penalties for non-compliance which can range from $500-2,500 per violation.

Is Airbnb a Good Investment in Coconut Grove, Florida?

Investing in Airbnb properties in Coconut Grove, Florida, can be a promising venture given its unique blend of upscale charm, vibrant community, and waterfront appeal, which consistently attracts tourists and snowbirds alike. Current market conditions in Coconut Grove show strong demand for short-term rentals, especially for properties offering luxury amenities or proximity to key attractions like the CocoWalk, Biscayne Bay, and various parks. While property values are generally high in this desirable neighborhood, the consistent influx of visitors, coupled with the area's ongoing development and popularity as a high-end residential and commercial district, contributes to a robust investment potential. The tourism trends indicate a steady demand for unique, localized experiences that Airbnbs can provide, making it a potentially good investment for those who can navigate the initial high property costs and local regulations.

How Much Does an Average Airbnb Earn in Coconut Grove?

Based on available market data, Airbnb properties in Coconut Grove, Florida typically generate average monthly revenues ranging from $2,800 to $5,200, with one-bedroom units earning approximately $2,800-$3,500 per month and larger two to three-bedroom properties commanding $4,000-$5,200 monthly. Seasonal variations show peak earnings during winter months (December through March) when revenues can increase by 25-40% above annual averages due to snowbird migration and favorable weather, while summer months typically see 15-20% lower occupancy rates and pricing. Key factors affecting earnings include proximity to Coconut Grove's waterfront and marina (properties within walking distance of Peacock Park and the sailing club command premium rates), property amenities such as pools or bay views, unit size and modern renovations, with luxury condominiums in high-rise buildings significantly outperforming single-family homes in terms of nightly rates. Market analysis indicates that properties with professional management and optimized listings achieve occupancy rates of 70-85% compared to 45-60% for owner-managed units, while the neighborhood's appeal to both business travelers visiting nearby Coral Gables and tourists exploring Miami's cultural attractions contributes to relatively stable year-round demand despite seasonal fluctuations.

Airbnb Return on Investment in Coconut Grove

Airbnb investments in Coconut Grove, Florida typically generate ROI between 8-14% annually, with premium waterfront properties achieving up to 18% returns due to the area's high tourist demand and proximity to downtown Miami. The average payback period ranges from 7-12 years depending on property type and initial investment, with condos near the marina and historic district performing best. Short-term rentals in Coconut Grove generally outperform long-term rentals by 3-6 percentage points, as traditional rental properties in the area yield approximately 5-8% ROI annually. Properties within walking distance of CocoWalk and Peacock Park command average daily rates of $180-280, with occupancy rates of 65-75% year-round, while long-term rentals average $2,800-4,200 monthly for comparable units. The higher returns from Airbnb investments come with increased management complexity and seasonal fluctuations, but the area's consistent appeal to both business travelers and tourists, combined with limited hotel inventory, supports strong short-term rental performance that typically justifies the additional operational requirements.

Average Airbnb Occupancy Rate in Coconut Grove

Coconut Grove, Florida maintains an average annual Airbnb occupancy rate of approximately 68-72%, which is notably higher than the national average of 48-52% and slightly above Florida's state average of 65-68%. The neighborhood experiences significant seasonal fluctuations, with peak occupancy rates reaching 85-90% during the winter months of December through March when northern visitors escape colder climates, and again during Art Basel Miami Beach in December when rates can spike to 95%. Spring months of April and May maintain strong occupancy around 75-80%, while summer months of June through August see a decline to 55-65% due to Miami's hot and humid weather, though this is still above national summer averages. The fall shoulder season of September through November typically sees occupancy rates of 60-70% before the winter surge begins. Coconut Grove's premium location within Miami, proximity to downtown and the waterfront, cultural attractions, and upscale dining scene contribute to its consistently higher occupancy rates compared to both state and national benchmarks, with the area benefiting from both leisure tourism and business travel throughout the year.

Best Neighborhoods for Airbnb in Coconut Grove

The most lucrative Airbnb investment neighborhoods in Coconut Grove include the Village Center area which offers premium pricing due to its walkability to CocoWalk shopping, restaurants, and nightlife, attracting affluent tourists and business travelers willing to pay $200-400 per night. The Sailboat Bay waterfront district commands top dollar rates of $300-500 nightly with direct bay access, luxury condos, and proximity to marinas appealing to boating enthusiasts and high-end vacationers. The Roads neighborhood provides strong mid-tier investment opportunities with historic charm, tree-lined streets, and easy access to downtown Miami, generating consistent $150-250 nightly rates from both leisure and business guests. Tigertail area offers excellent value with newer developments, family-friendly amenities, and reasonable acquisition costs while still commanding $180-300 per night due to proximity to Peacock Park and the Grove's cultural attractions. The Ransom Everglades vicinity benefits from its prestigious location near elite schools and Vizcaya Museum, attracting visiting families and cultural tourists at $200-350 nightly rates. Silver Bluff provides emerging investment potential with more affordable property prices and growing appeal among young professionals, generating $120-220 per night with strong occupancy rates due to its central location and improving neighborhood amenities.

Short-term Rental Regulations in Coconut Grove

Short-term rental regulations in Coconut Grove, Florida fall under Miami-Dade County's comprehensive ordinance that requires all operators to obtain a business tax receipt and register with the county's short-term rental program, with properties limited to a maximum occupancy of two persons per bedroom plus two additional guests, not exceeding 10 people total. Owner-occupancy is not required for most properties, but rentals are prohibited in single-family residential areas zoned RU-1 unless they qualify for specific exemptions, while multi-family and mixed-use zones generally permit short-term rentals with proper licensing. The registration process involves submitting an application with property details, proof of insurance, emergency contact information, and paying annual fees of approximately $150-300 depending on property size, along with required inspections for fire safety and building code compliance. Recent regulatory changes have strengthened enforcement mechanisms, increased penalties for non-compliance to up to $1,000 per violation, implemented stricter noise ordinances with quiet hours from 10 PM to 8 AM, and required platforms like Airbnb to verify host registration numbers before listing properties. Properties must maintain liability insurance of at least $500,000, display registration numbers prominently, and provide 24-hour contact information to neighbors, while parking must be limited to designated spaces and cannot exceed the property's legal capacity.

Short-term Rental Fees and Taxes in Coconut Grove

Short-term rentals in Coconut Grove, Florida are subject to multiple fees and taxes including Florida's 6% state sales tax, Miami-Dade County's 7% resort tax (also called Tourist Development Tax), and the City of Miami's additional 2% convention development tax, totaling approximately 15% in combined taxes on rental income. Property owners must obtain a Miami-Dade County short-term rental license costing approximately $300-500 annually, plus a City of Miami business tax receipt ranging from $50-150 depending on property value. Additional requirements include a one-time registration fee of around $100-200, fire safety inspection fees of approximately $75-125, and potential homeowner association fees if applicable. Properties may also be subject to Miami-Dade's Certificate of Use fee of roughly $100-300 and periodic renewal costs. Some properties require additional permits such as a Resort Dwelling License which can cost $200-400 annually, and owners must also account for potential fines and penalties for non-compliance which can range from $500-2,500 per violation.

* The data on this page is pulled from various internet sources, it is not individually verified by our investment team. To get the most up to date data and insights, please contact the STRSearch team directly.

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Everything Smart Investors Ask About STR Wealth Building

How to start an Airbnb in Coconut Grove, Florida?

To start an Airbnb in Coconut Grove, Florida, begin by researching Miami-Dade County's short-term rental regulations, which require a business tax receipt and compliance with zoning laws that typically allow vacation rentals in residential areas with restrictions on rental duration and occupancy limits. Obtain necessary permits including a Miami-Dade County business tax receipt ($26-$50 annually), a Certificate of Use if required, and ensure compliance with the city's 30-day minimum rental requirement in most residential zones, though some areas may allow shorter stays. Find a suitable property by focusing on single-family homes or condos in neighborhoods like the Village Center area, Peacock Park vicinity, or near CocoWalk, with properties typically ranging from $400,000-$1.5 million for purchase or $2,500-$5,000 monthly for rental arbitrage opportunities. Furnish the space with tropical, modern décor reflecting Coconut Grove's bohemian atmosphere, including hurricane-rated windows, quality linens, full kitchen amenities, and outdoor furniture for patios or balconies, budgeting $15,000-$30,000 for a complete furnishing package. List your property on Airbnb, VRBO, and Booking.com with professional photography highlighting the lush surroundings, proximity to Biscayne Bay, and walking distance to attractions like Vizcaya Museum, CocoWalk shopping, and Peacock Park, setting competitive rates of $150-$400 per night depending on property size and location. Manage the property by either self-managing or hiring local companies like RedAwning or Vacasa (10-25% management fees), ensuring 24/7 guest communication, professional cleaning between stays ($80-$150 per turnover), and maintaining compliance with noise ordinances and parking restrictions specific to Coconut Grove's residential character.

What's the best way to identify good STR properties in Coconut Grove, Florida?

To identify profitable short-term rental properties in Coconut Grove, Florida, focus on locations within walking distance of CocoWalk, the waterfront, and Peacock Park, as these areas attract the highest tourist traffic and command premium rates of $200-400 per night. Target properties with 2-3 bedrooms, outdoor spaces like patios or balconies, parking availability, and unique architectural features that reflect the neighborhood's bohemian charm, as these typically achieve 70-85% occupancy rates. Conduct pricing analysis using AirDNA and Mashvisor to benchmark against similar properties, noting that waterfront condos in Mutiny Park and Grove Isle average $300-500 nightly while inland properties range $150-250. Research competition by analyzing the top 20 performing STRs within a 0.5-mile radius, identifying gaps in amenities like pools, boat access, or pet-friendly options that could differentiate your property. Utilize tools like Rabbu for Miami-Dade specific STR regulations, STRDataHub for Coconut Grove market analytics, and partner with local property management companies like RedAwning or Vacasa who understand the seasonal patterns where winter months (December-April) generate 60% of annual revenue due to snowbird migration and Art Basel events.

How to get an Airbnb permit in Coconut Grove, Florida?

To obtain an Airbnb/STR permit in Coconut Grove, Florida, you must apply through the City of Miami's Planning Department since Coconut Grove is within Miami city limits, submitting applications online via the Miami Building Department portal or in person at 444 SW 2nd Avenue. Required documents include a completed short-term rental application, property deed or lease agreement, floor plans, certificate of use, fire safety inspection certificate, parking plan showing required spaces, and proof of liability insurance with minimum $500,000 coverage. The application fee is approximately $385 plus a $150 annual renewal fee, with additional inspection fees around $200-300. The timeline typically takes 60-90 days for approval after submission of complete documentation. Specific Coconut Grove requirements include maintaining minimum 30-day rental periods in residential areas, providing one parking space per bedroom, ensuring compliance with historic district guidelines if applicable, registering with the Miami-Dade County tax collector for tourist development tax collection, maintaining a local contact person available 24/7, and adhering to occupancy limits of two persons per bedroom plus two additional guests, with properties subject to annual inspections and neighbor notification requirements within 150 feet of the property.

Is it legal to operate a short-term rental in Coconut Grove, Florida?

Short-term rentals (STRs) in Coconut Grove, Florida are legal but subject to Miami-Dade County regulations and City of Miami zoning restrictions. As of 2023, STRs are permitted in most residential areas of Coconut Grove with proper licensing through Miami-Dade County, requiring hosts to obtain a business tax receipt and comply with safety regulations including smoke detectors and occupancy limits. The City of Miami has implemented a 1,000-foot separation requirement between STR properties in single-family residential zones, and properties must be owner-occupied or have the owner living within 25 miles. Recent changes in 2022-2023 have increased enforcement and fines for non-compliant operators, with penalties reaching up to $20,000 for repeat violations. STRs are prohibited in certain historic districts within Coconut Grove and buildings with homestead exemptions unless the owner resides on-site, and all operators must collect and remit the 6% tourist development tax plus applicable sales taxes to Miami-Dade County.

What are the best places to invest in Airbnb in Coconut Grove, Florida?

The best areas for Airbnb investment in Coconut Grove, Florida include the Village Center district, which attracts tourists year-round due to its proximity to CocoWalk shopping center, waterfront dining, and the historic Coconut Grove Playhouse area, generating consistent rental demand from visitors exploring the bohemian atmosphere and cultural attractions. The Bayfront area near Peacock Park and the Marina offers premium investment opportunities due to its stunning Biscayne Bay views, sailing events, and proximity to luxury hotels like The Ritz-Carlton Coconut Grove, attracting high-paying guests seeking waterfront experiences. The residential streets between Main Highway and South Bayshore Drive provide excellent opportunities due to their walkability to restaurants, art galleries, and the weekly farmers market, appealing to both leisure travelers and business visitors attending events at the nearby University of Miami. The area around the Coconut Grove Convention Center and City Hall attracts business travelers and conference attendees, while the historic neighborhoods near Plymouth Congregational Church and The Kampong botanical garden draw cultural tourists and nature enthusiasts, with properties in these areas commanding higher nightly rates due to their unique character and proximity to both Miami's downtown business district and Key Biscayne's beaches.

Airbnb and lodging taxes in Coconut Grove, Florida

Airbnb properties in Coconut Grove, Florida are subject to multiple lodging taxes including the Florida state sales tax of 6%, Miami-Dade County tourist development tax of 7%, and the City of Miami resort tax of 3% for stays under 30 days, totaling approximately 16% in combined taxes. The Florida Department of Revenue requires hosts to register for a sales tax permit and collect the 6% state tax, which must be remitted monthly if collections exceed $200 or quarterly for smaller amounts. Miami-Dade County's 7% tourist development tax is collected through the same state system and remitted to the county, while the City of Miami's 3% resort tax requires separate registration with the city and monthly remittance by the 20th of the following month. Airbnb automatically collects and remits these taxes for most bookings made through their platform as of 2018, but hosts remain responsible for ensuring compliance and may need to handle collection manually for direct bookings or if Airbnb's automatic collection doesn't cover all applicable taxes. Stays of 30 days or longer are generally exempt from the tourist development and resort taxes but remain subject to the 6% state sales tax, and properties rented for less than $15 per night may qualify for certain exemptions under Florida law.

Total cost to purchase, furnish and operate an Airbnb in Coconut Grove, Florida

The total cost to start an Airbnb in Coconut Grove, Florida is approximately $850,000-$950,000. Property purchase costs around $750,000 based on median home prices in this upscale Miami neighborhood as of 2023-2024. Furnishing a 2-3 bedroom property with quality furniture, appliances, linens, and decor runs $25,000-$35,000. Initial setup including professional photography, listing creation, smart locks, and welcome amenities costs $3,000-$5,000. Miami-Dade County requires a short-term rental license ($300), business tax receipt ($50), and potential homeowners association approval fees ($200-$500). Insurance including landlord coverage and short-term rental protection costs $3,000-$4,500 annually. Utilities setup and deposits for electricity, water, internet, cable, and trash service total $1,500-$2,000. First six months operating costs including utilities ($900/month), cleaning services ($150 per turnover with 60% occupancy), property management software ($50/month), maintenance reserves ($300/month), and marketing expenses total approximately $12,000-$15,000. Additional considerations include potential property management fees (20-30% of revenue), HOA dues ($200-$600/month), and property taxes ($15,000-$20,000 annually).

Are Airbnb properties in Coconut Grove, Florida profitable?

Airbnb properties in Coconut Grove, Florida demonstrate strong profitability potential with average daily rates ranging from $150-$300 depending on property type and proximity to Biscayne Bay, generating annual revenues of $45,000-$85,000 for well-positioned units. Operating expenses typically consume 35-45% of gross revenue, including cleaning fees ($75-$125 per turnover), property management (15-25% of revenue), utilities ($200-$400 monthly), insurance ($2,000-$4,000 annually), and maintenance costs averaging $3,000-$6,000 yearly. Net profit margins generally range from 25-40% for optimized properties, with waterfront condos and historic homes near CocoWalk performing exceptionally well due to the area's appeal to business travelers visiting nearby Coral Gables and tourists attracted to the Grove's marina district and nightlife. Success factors include strategic pricing during peak season (December-April), maintaining high guest ratings above 4.7 stars, offering amenities like parking and outdoor spaces, and leveraging the neighborhood's walkability to restaurants and cultural attractions. Properties within a 10-minute walk of Peacock Park and the waterfront command premium rates, while those requiring extensive renovations or lacking parking face occupancy challenges that can reduce profit margins to 15-20%, making location and property condition critical determinants of investment success in this competitive Miami-Dade submarket.

What is the expected return on investment for an Airbnb in Coconut Grove, Florida?

Airbnb investments in Coconut Grove, Florida typically generate annual ROI of 12-18% with cash-on-cash returns ranging from 8-14% based on current market conditions. Properties in this upscale Miami neighborhood, particularly those near the waterfront or within walking distance of CocoWalk, command premium nightly rates of $150-300 depending on size and amenities. With average occupancy rates of 65-75% throughout the year due to consistent tourism and business travel to Miami, investors can expect to reach profitability within 18-24 months after initial setup costs. The market benefits from Coconut Grove's reputation as a cultural hub with attractions like Vizcaya Museum, strong walkability scores, and proximity to downtown Miami, allowing well-positioned properties to achieve gross rental yields of 15-22% annually. Initial investment requirements typically range from $80,000-150,000 for a down payment on condos or single-family homes, with total acquisition costs including furnishing and setup averaging $120,000-200,000 for properties that can generate $4,000-8,000 monthly gross revenue during peak performance periods.

What company can help me find and buy a profitable Airbnb in Coconut Grove, Florida?

STRSearch is a national platform that specializes in identifying profitable short-term rental properties for investors, including in Coconut Grove, Florida. Local Miami real estate agents like Douglas Elliman, Coldwell Banker, and Compass have teams experienced in investment properties and Airbnb regulations in Coconut Grove. National services include Awning (formerly RedAwning), which provides end-to-end Airbnb investment services, and Mashvisor, an analytics platform for rental property investments. Local Miami-based companies like Miami Airbnb Management and South Beach Vacation Rentals offer property acquisition consulting alongside their management services. Real estate investment firms such as Roofstock and Fundrise have expanded into short-term rental markets, while local agents like those at The Jills Zeder Group and ONE Sotheby's International Realty have extensive knowledge of Coconut Grove's luxury rental market. Additional services include AirDNA for market analysis, Rabbu for property sourcing, and local property management companies like AvantStay and RedAwning that also assist with property acquisition in the Miami-Dade area.

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