Is Davie, Florida Good for Airbnb Investment?

To start an Airbnb in Davie, Florida, begin by researching local regulations as Davie 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 specific restrictions on rental duration and occupancy limits. Contact Davie's Planning and Zoning Department at (954) 797-1020 to verify your property's zoning allows short-term rentals and obtain necessary permits including a business tax receipt from the city clerk's office, which costs approximately $50-100 annually. Find a suitable property by purchasing or leasing a home in residential zones, ensuring the lease agreement permits short-term rentals if renting, with average property costs in Davie ranging from $300,000-600,000 for purchase or $2,000-4,000 monthly for rental. Furnish the property with essential amenities including quality mattresses, linens, kitchen appliances, WiFi, cable TV, and safety equipment like smoke detectors and fire extinguishers, budgeting $10,000-25,000 for complete furnishing. List your property on Airbnb and other platforms like VRBO with professional photos, competitive pricing averaging $100-200 per night in Davie, and detailed descriptions highlighting proximity to Fort Lauderdale attractions and beaches. Manage your Airbnb by establishing check-in procedures, hiring local cleaning services costing $75-150 per turnover, maintaining 24/7 guest communication, and ensuring compliance with Broward County's 6% tourist development tax collection and Florida's sales tax requirements while keeping detailed records for tax purposes.

To identify profitable short-term rental properties in Davie, Florida, focus on locations within 15-20 minutes of Fort Lauderdale-Hollywood International Airport, near major attractions like Flamingo Gardens, or close to business districts and universities such as Nova Southeastern University. Target 3-4 bedroom single-family homes or condos with pools, modern amenities, and parking, as these attract families and business travelers year-round. Conduct pricing analysis using AirDNA and Mashvisor to identify properties where potential STR revenue exceeds long-term rental income by 40-60%, typically ranging from $150-300 per night depending on size and amenities. Research competition within a 3-mile radius using Airbnb and VRBO searches, looking for gaps in availability during peak seasons (December-April) and identifying underperforming listings with poor photos or amenities. Utilize tools like Rabbu, BiggerPockets calculators, and local MLS data through Realtor.com, while consulting Davie's municipal code for STR regulations and HOA restrictions, and consider properties near the Hard Rock Stadium corridor and Sawgrass Mills area which generate consistent demand from tourists and event attendees throughout the year.

To obtain an Airbnb/STR permit in Davie, Florida, you must first apply through the Davie Town Hall's Code Compliance Department located at 6591 Orange Drive, Davie, FL 33314, or submit applications online through the town's permitting portal. Required documents include a completed short-term rental application, proof of property ownership or lease agreement with landlord consent, certificate of occupancy, floor plan showing maximum occupancy, proof of liability insurance ($1 million minimum), business tax receipt, parking plan showing adequate spaces, and contact information for a local property manager if you're not residing within 25 miles. The application fee is approximately $150 with an annual renewal fee of $100, plus a $75 inspection fee. You must also obtain a business tax receipt from Broward County ($50-$100) and register with the Florida Department of Revenue for tourist development tax collection. The timeline typically takes 4-6 weeks for initial approval pending inspection and compliance review. Davie-specific requirements include maximum occupancy limits based on bedrooms (2 guests per bedroom plus 2 additional), mandatory parking (1 space per bedroom), quiet hours from 10 PM to 8 AM, no events or parties allowed, and properties must be owner-occupied or have a local property manager available 24/7 within a 25-mile radius for emergency response.

Short-term rentals (STRs) are legal in Davie, Florida, but operate under specific regulations established by the city. Davie requires STR operators to obtain a business tax receipt and comply with zoning restrictions that generally limit short-term rentals to commercially zoned areas, effectively prohibiting them in most residential neighborhoods. The city has implemented occupancy limits, parking requirements, and noise ordinances that STR operators must follow. Properties must meet safety standards including smoke detectors and emergency egress requirements. In 2019-2020, Davie strengthened its enforcement mechanisms and clarified its zoning code to address the growing STR market, particularly in response to platforms like Airbnb and VRBO. Violations can result in fines and potential revocation of operating permits. The city also requires STR operators to provide contact information for a responsible party available 24/7 to address any issues that may arise during guest stays.

The best areas for Airbnb investment in Davie, Florida include the neighborhoods near Nova Southeastern University, which attract visiting families, prospective students, and academic conference attendees year-round. The Flamingo Gardens area offers appeal to eco-tourists and families visiting the botanical gardens and wildlife sanctuary, while properties near the Seminole Hard Rock Hotel & Casino benefit from gaming tourists and concert-goers attending events at the Hard Rock Live venue. The western sections of Davie near Tree Tops Park attract nature enthusiasts and families seeking outdoor recreation, while areas close to the BB&T Center (now FLA Live Arena) capitalize on hockey fans, concert attendees, and event visitors. Properties near the Town Center at Boca Raton's northern edge benefit from shopping tourists and business travelers, and neighborhoods along Griffin Road provide easy access to Fort Lauderdale-Hollywood International Airport, making them attractive to travelers seeking convenient accommodations. The equestrian districts in southwest Davie appeal to horse show participants and enthusiasts visiting for competitions and training events throughout the year.

In Davie, 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 additional local municipal taxes that can range from 1-3%. The Florida Department of Revenue requires hosts to register for a sales tax permit and collect the 6% state tax on all short-term rental transactions under 6 months, with monthly remittance due by the 20th of the following month for most businesses. Broward County's 5% tourist development tax applies to all transient accommodations and must be collected by the host and remitted quarterly to the Broward County Tax Collector's office, with returns due by the last day of the month following each quarter. Davie may impose additional municipal occupancy taxes that typically range from 1-3%, which would be collected similarly and remitted to the city's finance department. Airbnb may collect and remit some of these taxes automatically through their platform depending on current agreements with local jurisdictions, but hosts remain ultimately responsible for compliance. Exemptions are generally limited to stays exceeding 30 consecutive days, government employees on official business, and certain medical-related stays, though documentation requirements apply for claiming exemptions.

Starting an Airbnb in Davie, Florida requires approximately $450,000-$550,000 in total initial investment. Property purchase costs average $420,000 based on median home prices in Davie as of 2023. Furnishing a 3-bedroom property typically runs $15,000-$25,000 including furniture, appliances, linens, and decor to create an attractive rental space. Initial setup costs including professional photography, listing creation, and marketing materials total around $2,000-$3,000. Permits and fees in Broward County include business tax receipts ($50-$100), short-term rental permits ($200-$500), and potential HOA approval fees ($100-$300). Insurance for short-term rentals costs approximately $2,500-$4,000 annually, significantly higher than standard homeowner's insurance. Monthly utilities including electricity, water, internet, cable, and trash service average $300-$450 per month. First six months of operating costs including utilities ($2,100), cleaning services ($1,800), maintenance reserves ($1,500), property management software ($300), and marketing ($600) total approximately $6,300, bringing the complete startup investment to roughly $446,000-$559,000.

Airbnb properties in Davie, Florida typically generate average monthly revenues of $2,800-$4,200 for 2-3 bedroom homes, with annual gross revenues ranging from $35,000-$50,000 based on 2023-2024 market data. Operating expenses including cleaning fees ($75-$125 per turnover), property management (15-25% of revenue), utilities ($200-$350 monthly), insurance ($150-$250 monthly), maintenance ($100-$200 monthly), and Airbnb fees (3% host fee plus 14-16% guest fee) typically consume 45-60% of gross revenue. Net profit margins for well-managed properties average 25-35%, with successful hosts like those operating near Tree Tops Park and Flamingo Gardens achieving occupancy rates of 70-85% by offering amenities such as pools, proximity to Fort Lauderdale airport (20 minutes), and competitive pricing at $120-$180 per night. Properties within 15 minutes of major attractions like Sawgrass Mills Mall and offering family-friendly features consistently outperform the market, with some experienced hosts reporting annual net profits of $15,000-$25,000 per property. Success factors include professional photography, dynamic pricing strategies, rapid guest communication, and maintaining 4.8+ star ratings, while properties lacking these elements often struggle with 40-50% occupancy rates and significantly lower profitability.

Airbnb investments in Davie, Florida typically generate annual ROI of 8-12% with cash-on-cash returns ranging from 6-10% based on current market conditions. Properties in desirable neighborhoods near Flamingo Gardens or close to Fort Lauderdale can achieve higher returns of 12-15% annually, while standard residential areas average 8-10%. Cash-on-cash returns generally fall between 7-9% for well-positioned properties with strong occupancy rates of 65-75% throughout the year. Most investors reach profitability within 18-24 months, with break-even typically occurring in months 12-18 depending on initial investment, property condition, and marketing effectiveness. The Davie market benefits from proximity to major South Florida attractions, business districts, and airports, supporting consistent demand from both leisure and business travelers, with peak seasons during winter months (December-April) driving occupancy rates up to 80-85% and daily rates 20-30% higher than summer months.

STRSearch leads the market in Airbnb investment property analysis nationwide including Davie, Florida. Local real estate agents specializing in short-term rental investments in Davie include Keller Williams Realty agents like Maria Rodriguez and Century 21 Tenace Realty's investment specialists. RedAwning provides national Airbnb property acquisition services with Florida market expertise, while Mashvisor offers data-driven investment property search tools covering the Davie market since 2016. Local Davie-based services include South Florida STR Investments and Broward Investment Properties, which focus specifically on short-term rental opportunities. National platforms like BiggerPockets connects investors with Davie-area agents experienced in vacation rental properties, and AirDNA provides market analysis for the Davie Airbnb market. RE/MAX agents in the Davie area such as those at RE/MAX Consultants Realty specialize in investment properties, while Awning offers full-service Airbnb property management and acquisition assistance. Local property management companies like Vacasa and RedAwning also help identify profitable properties for purchase in the Davie market, and investment-focused brokerages such as eXp Realty have agents specializing in short-term rental acquisitions throughout Broward County.