Is Lakewood Park, Florida Good for Airbnb Investment?

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Lakewood Park, Florida market research

Lakewood Park, Florida Airbnb Investment Overview

$1,800–$4,200,Typical monthly host earnings
8–12%Typical annual ROI
65–70%Average annual occupancy
VariesCombined taxes and local fees
Investment

Is Airbnb a Good Investment in Lakewood Park, Florida?

Potentially—Lakewood Park, Florida combines visitor demand with long-term real estate upside.

  • Presents a promising opportunity.
  • Current market conditions in Lakewood Park show a steady demand for short-term rentals, driven by its family-friendly atmosphere and proximity to popular Florida attractions.
  • Tourism trends indicate consistent interest in the area, particularly from those seeking a quieter, more residential vacation experience away from the bustling major cities but still within easy reach of beaches and theme parks.
  • Property values in Lakewood Park offer a relatively accessible entry point compared to more saturated coastal markets, with potential for appreciation as the region continues to develop.
  • The investment potential is further enhanced by the opportunity to cater to a diverse range of visitors, including snowbirds, families, and those attending local events.
Earnings

How Much Does an Average Airbnb Earn in Lakewood Park?

$1,800–$4,200, based on location, season, and property quality.

  • Based on available market data and rental performance analytics, Airbnb properties in Lakewood Park, Florida typically generate monthly revenues ranging from $1,800 to $4,200, with an average of approximately $2,800 per month for standard two to three-bedroom homes.
  • Seasonal variations show peak earnings during winter months (December through March) when revenues can increase by 35-50% due to snowbird migration and holiday travel.
  • Properties closer to the St.
  • Lucie River or with waterfront access command premium rates averaging $3,500-$5,000 monthly, while inland properties without water views typically earn $1,500-$2,800 monthly.
  • Key factors affecting earnings include proximity to water activities, property amenities like pools or boat docks, seasonal events in nearby Fort Pierce and Stuart.
  • Occupancy rates generally range from 65-80% annually, with higher-end properties achieving occupancy rates closer to 85% during peak season.
ROI Analysis

Airbnb Return on Investment in Lakewood Park

Potentially strong—typical annual ROI is 8–12%.

  • Typically generate ROI between 8-12% annually, with higher-end properties near the coast achieving up to 15% returns due to strong tourist demand from nearby attractions and beaches.
  • The average payback period ranges from 7-10 years, depending on initial investment and property management efficiency.
  • Short-term rental properties in this market generally outperform long-term rentals by 3-5 percentage points.
  • Lakewood Park benefits from year-round occupancy rates averaging 65-75% due to its proximity to Fort Pierce and the Atlantic coast.
  • The market shows particular strength during winter months when seasonal visitors drive occupancy rates above 80%, though investors should factor in higher management costs, cleaning fees.
Occupancy Rate

Average Airbnb Occupancy Rate in Lakewood Park

Lakewood Park, Florida averages 65–70% annual occupancy, with seasonal variation.

  • Lakewood Park, Florida typically experiences average Airbnb occupancy rates of approximately 65-70% annually.
  • Summer months see moderate occupancy around 60-65%, while spring and fall maintain steady rates of 70-75%.
  • The area's proximity to beaches and attractions drives higher weekend occupancy throughout the year, with holiday periods like Christmas, New Year's.
  • Compared to Florida's statewide average of approximately 68% and the national Airbnb average of 48-52%, Lakewood Park performs above both benchmarks.
  • The market experiences its lowest occupancy during late summer months (August-September) at around 55-60% due to hurricane season concerns and peak heat.
Best Neighborhoods

Best Neighborhoods for Airbnb in Lakewood Park

The strongest opportunities balance visitor demand, nightly rates, and acquisition cost.

  • The best Airbnb investment neighborhoods in Lakewood Park, Florida include the Lakewood Park Historic District near the downtown core.
  • The Waterfront Estates area along the Indian River provides premium rental potential with direct water access, boat docks.
  • The Mid-Century Modern District attracts design-conscious travelers and offers unique architectural appeal with moderate investment costs and steady occupancy rates.
  • The Family Residential Zone near local parks and recreational facilities performs well for longer-stay guests and families, providing consistent bookings with lower turnover costs.
  • The Arts District neighborhood benefits from proximity to galleries, studios, and cultural events, drawing creative professionals and cultural tourists willing to pay premium rates for authentic local experiences.
  • The Beachside Corridor, though slightly more expensive to enter, offers year-round demand from beach-goers and water sports enthusiasts with excellent pricing power during peak seasons.
  • The Historic Bungalow District provides affordable entry points with good renovation potential and appeals to budget-conscious travelers while maintaining steady occupancy rates throughout the year.
Regulations

Short-term Rental Regulations in Lakewood Park

Yes, but only where zoning permits short-term rentals and every required license is current.

  • Short-term rental regulations in Lakewood Park, Florida are primarily governed by St.
  • Lucie County ordinances, which require property owners to obtain a business tax receipt and comply with zoning regulations that typically limit short-term rentals to properties zoned for commercial or mixed-use rather than single-family residential areas.
  • The county generally requires a maximum occupancy of two people per bedroom plus two additional guests, with parking requirements of one space per bedroom.
  • Owner-occupancy is not typically required, but properties must be registered with the county and maintain a local contact person available 24/7 for any issues.
  • The registration process involves submitting an application with property details, proof of insurance, and paying applicable fees.
Fees and Taxes

Short-term Rental Fees and Taxes in Lakewood Park

Tax rates vary by jurisdiction; licensing, inspection, and insurance costs are additional.

  • Short-term rentals in Lakewood Park, Florida are subject to several fees and taxes including Florida's state sales tax of 6% and tourist development tax which varies by county but typically ranges from 2-6% in the region, with St.
  • Lucie County (where Lakewood Park is located) charging approximately 4% tourist development tax on rental stays of six months or less.
  • Property owners must obtain a business tax receipt from St.
  • Lucie County costing approximately $25-50 annually, and may need to register with the Florida Department of Revenue for sales tax collection at no cost.
  • Additional requirements may include a short-term rental permit from the county ranging from $100-300 annually.
  • Resort tax or bed tax collections are remitted monthly to the county, and owners are responsible for collecting and remitting the 6% Florida sales tax on all rental income.
Common questions

Lakewood Park, Florida Airbnb investment FAQs

How to start an Airbnb in Lakewood Park, Florida?

To start an Airbnb in Lakewood Park, Florida, begin by researching St.

Launch checklist

  • Lucie County's short term rental regulations, which typically require a business tax receipt and may have zoning restrictions for residential areas.
  • Contact St.
  • Lucie County's planning and zoning department to verify if your intended property location allows short term rentals and obtain necessary permits, including a vacation rental license if required.
  • Find a suitable property through local real estate agents or online platforms, considering proximity to attractions like Fort Pierce beaches and downtown areas, ensuring the property meets county safety codes including smoke detectors, carbon monoxide detectors.
  • Furnish the space with quality, durable furniture focusing on coastal Florida aesthetics, including hurricane rated window treatments, and ensure all appliances are in working order while providing essential amenities like high speed internet, air conditioning.
  • Create your Airbnb listing with professional photography highlighting the property's proximity to the Indian River Lagoon and local attractions, set competitive pricing based on similar properties in the Port St.
  • Lucie area, and write detailed descriptions emphasizing local features.
  • Manage the property by establishing cleaning protocols between guests, responding promptly to inquiries and reviews, coordinating check ins and check outs, maintaining the property regularly especially during hurricane season.
What's the best way to identify good STR properties in Lakewood Park, Florida?

To identify profitable short term rental properties in Lakewood Park, Florida, focus on properties within 0.5 to 1 mile of the Intracoastal Waterway and major beaches like Fort Lauderdale Beach, prioritizing neighborhoods with easy highway access via I 95 and Florida's Turnpike for guest convenience.

What to prioritize

  • Target 2 to 4 bedroom single family homes or condos built after 1990 with pools, updated kitchens, waterfront or water views, and parking for 2+ vehicles, as these features command premium rates of $150 to 300 per night in this market.
  • Conduct pricing analysis using AirDNA and Mashvisor to identify properties where potential STR revenue exceeds long term rental income by 40 to 60%, typically requiring purchase prices under $400,000 to maintain profitable cash flow after expenses.
  • Research competition within a 2 mile radius using Airbnb and VRBO searches, targeting areas with fewer than 20 active listings and average occupancy rates above 65%.
  • Utilize Rabbu, BiggerPockets calculators, and local MLS data through Realtor.com to analyze comparable sales, rental comps, and seasonal demand patterns.
How to get an Airbnb permit in Lakewood Park, Florida?

To obtain an Airbnb/STR permit in Lakewood Park, Florida, you must first apply through St.

Documents and approvals

  • Lucie County since Lakewood Park is an unincorporated community within the county jurisdiction.
  • Begin by contacting the St.
  • Lucie County Planning and Zoning Department at 2300 Virginia Avenue, Fort Pierce, FL 34982, or visit their website to download the short term rental application form.
  • Required documents typically include a completed application form, property deed or lease agreement, floor plan of the property, site plan, proof of property insurance, business tax receipt, and a $150 to 300 application fee (estimated).
  • You'll also need to provide contact information for a local property manager if you don't live within 50 miles of the property, obtain a business tax receipt from St.
  • Lucie County Tax Collector, and ensure the property complies with residential zoning requirements and parking standards (typically 2 spaces per unit).
  • The approval process generally takes 30 to 60 days and includes a zoning compliance review and potential site inspection.
  • Once approved, you'll receive a certificate of use that must be renewed annually for approximately $50 to 100, and you must display the permit number in all rental advertisements and maintain occupancy limits as specified by the county.
Is it legal to operate a short-term rental in Lakewood Park, Florida?

Short term rentals (STRs) in Lakewood Park, Florida are generally legal but subject to Palm Beach County regulations since this unincorporated community falls under county jurisdiction.

Core operating requirements

  • As of 2023, Palm Beach County allows STRs in most residential areas but requires operators to obtain a business tax receipt and comply with zoning regulations, with properties typically limited to single family homes and certain multi family units.
  • The county has implemented restrictions including occupancy limits based on bedrooms, parking requirements, noise ordinances, and mandatory registration with the county.
  • Recent changes in 2022 to 2023 have included stricter enforcement mechanisms and increased penalties for non compliance, with the county requiring more detailed registration information and implementing a complaint response system.
  • Properties in certain zoning districts may face additional restrictions, and operators must maintain liability insurance and provide emergency contact information to neighbors.
What are the best places to invest in Airbnb in Lakewood Park, Florida?

The best areas for Airbnb investment in Lakewood Park, Florida include the neighborhoods closest to the Intracoastal Waterway and Fort Pierce Inlet, particularly around Indian River Drive and the waterfront communities near the St.

Areas to research

  • Lucie County line, as these locations attract boaters, fishing enthusiasts, and water sports tourists year round.
  • The residential areas near Lakewood Park Elementary and along Selvitz Road offer excellent potential due to their proximity to both recreational facilities and major transportation routes like US 1, making them attractive to business travelers visiting nearby Port St.
  • Lucie and Fort Pierce.
  • Properties within walking distance of the Lakewood Park Golf Club and surrounding recreational areas perform well due to golf tourism and seasonal visitors from northern states.
  • The neighborhoods near the Florida East Coast Railway corridor, while offering lower property acquisition costs, attract budget conscious travelers and workers in the logistics and transportation sectors.
  • Areas close to Indian River State College's main campus in Fort Pierce (approximately 10 minutes away) see consistent demand from visiting faculty, prospective students, and families attending college events.
Airbnb and lodging taxes in Lakewood Park, Florida

Airbnb properties in Lakewood Park, Florida are subject to multiple lodging taxes including the Florida state sales tax of 6%, the Florida tourist development tax which varies by county but typically ranges from 2 to 6% (estimated at 4% for St.

Taxes and filing responsibilities

  • Lucie County where Lakewood Park is located), and potentially local municipal occupancy taxes that can range from 1 to 3%.
  • These taxes are generally collected by Airbnb directly from guests at the time of booking through their automated tax collection system, which began implementation around 2016 to 2018 for most Florida jurisdictions.
  • Airbnb typically remits these taxes monthly or quarterly to the appropriate state and local tax authorities on behalf of hosts.
  • Some jurisdictions may offer exemptions for stays longer than 30 days or for certain types of accommodations, and hosts should verify current rates and requirements with the St.
  • Lucie County Tax Collector's office and Florida Department of Revenue as rates and collection procedures can change annually.
Total cost to purchase, furnish and operate an Airbnb in Lakewood Park, Florida

The total cost to start an Airbnb in Lakewood Park, Florida is approximately $385,000 to $425,000.

Cost breakdown

  • Property purchase costs around $320,000 based on median home prices in the area as of 2023.
  • Furnishing a 3 bedroom property runs $15,000 to $25,000 including furniture, appliances, linens, and decor.
  • Initial setup costs including professional photography, listing creation, and marketing materials total $2,000 to $3,000.
  • Permits and fees including business license, vacation rental permit, and inspection fees cost $500 to $1,500.
  • Insurance for short term rental coverage runs $2,500 to $4,000 annually.
  • Utilities setup and deposits for electricity, water, internet, and cable cost $500 to $800.
  • First six months operating costs including utilities ($900/month), cleaning services ($150 per turnover), maintenance reserves ($300/month), property management software ($50/month), and marketing expenses ($200/month) total approximately $9,600.
  • Additional considerations include potential HOA fees ($100 to $300/month) and a cash reserve of $10,000 to $15,000 for unexpected expenses and vacancy periods.
Are Airbnb properties in Lakewood Park, Florida profitable?

Airbnb properties in Lakewood Park, Florida typically generate annual revenues between $18,000 to $35,000 for single family homes and $12,000 to $22,000 for condos, with average daily rates ranging from $85 to $140 depending on proximity to beaches and property amenities.

Profitability indicators

  • Operating expenses generally consume 40 to 55% of gross revenue, including cleaning fees ($75 to $120 per turnover), property management (15 to 25% of revenue), utilities ($150 to $250 monthly), insurance ($1,200 to $2,400 annually).
  • Net profit margins typically range from 15 to 25% for well managed properties, with successful hosts achieving occupancy rates of 60 to 75% by leveraging the area's appeal to families visiting nearby attractions like Busch Gardens Tampa and the Gulf Coast beaches.
  • Properties within walking distance of Lake Parker or featuring pools and modern amenities command premium rates and achieve higher profitability, with some hosts reporting annual net profits of $8,000 to $15,000 per property.
  • Success factors include professional photography, responsive guest communication, strategic pricing during peak seasons (December April and summer months), and maintaining consistently high cleanliness standards.
What is the expected return on investment for an Airbnb in Lakewood Park, Florida?

Airbnb investments in Lakewood Park, Florida typically generate annual ROI of 12 to 18% with cash on cash returns ranging from 8 to 14% based on current market conditions.

Return planning figures

  • Properties in this St.
  • Lucie County area, with average home prices around $280,000 to $350,000, can expect gross rental yields of 15 to 22% annually when optimally managed as short term rentals.
  • The proximity to Fort Pierce beaches and Port St.
  • Lucie attractions drives consistent occupancy rates of 65 to 75% year round, with peak season rates of $120 to $180 per night and off season rates of $80 to $120 per night.
  • Initial profitability typically occurs within 8 to 14 months after accounting for startup costs, furnishing, and marketing expenses of approximately $15,000 to $25,000.
  • Properties require down payments of 20 to 25% for investment purchases, and after mortgage payments, property management fees of 15 to 20%, cleaning costs, and maintenance expenses, net cash flow averages $800 to $1,400 monthly per property.
  • The Florida tourism market and lack of state income tax contribute to sustained demand, with properties appreciating 4 to 7% annually while generating positive cash flow from month one in most scenarios.
What company can help me find and buy a profitable Airbnb in Lakewood Park, Florida?

STRSearch is a leading national platform that helps investors identify profitable short term rental properties in Lakewood Park, Florida, offering comprehensive market analysis and property recommendations. Local real estate agents specializing in Airbnb investments in the area include Coldwell Banker Residential Real Estate, RE/MAX, and Keller Williams Realty, with agents like those at Coastal Properties Group and Atlantic Coast Realty having expertise in vacation rental properties.

Companies and resources

  • National services that assist with Airbnb property acquisition include Awning (formerly RedAwning), which provides full service property management and acquisition assistance, Mashvisor for property analysis and market research, AirDNA for short term rental data and insights, and Roofstock.
  • Additional local services include property management companies like VTrips and RedAwning that also help with property selection.

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Success Rate
100% profitable track record
Data Accuracy
Proprietary filters, precise forecasts
Service Scope
End-to-end STR investment support
Risk Mitigation
Only cash-flow-positive matches
Expert Network
Vetted realtors, lenders, designers included
Other Services
Success Rate
Inconsistent ROI, no guarantees
Data Accuracy
Generic metrics, inaccurate estimates
Service Scope
Partial services only
Risk Mitigation
No profitability screening
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Limited or no partner access
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