Is Miramar, Florida Good for Airbnb Investment?

To start an Airbnb in Miramar, Florida, begin by researching local regulations as the city 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 Miramar's Planning and Zoning Department at (954) 602-4700 to verify current requirements and obtain necessary permits, including a Certificate of Use if required, and ensure compliance with Broward County health and safety standards. Find a suitable property by purchasing or leasing in residential zones that permit short-term rentals, focusing on areas near attractions like Miramar Regional Park or with easy access to Fort Lauderdale and Miami airports. Furnish the property with quality furniture, linens, kitchen essentials, and amenities like high-speed internet, smart TV, and air conditioning, ensuring it meets Florida's humid climate needs and hurricane preparedness requirements. Create compelling listings on Airbnb, VRBO, and other platforms with professional photography highlighting the property's proximity to beaches, shopping at Town Center at Miramar, and local attractions, setting competitive rates based on comparable properties in the $80-150 per night range. Manage the property by establishing check-in procedures, hiring local cleaning services, maintaining 24/7 guest communication, implementing keyless entry systems, and ensuring compliance with Miramar's noise ordinances and parking regulations while building relationships with local property management companies if needed for ongoing operations.

To identify profitable short-term rental properties in Miramar, Florida, focus on locations within 15-20 minutes of Fort Lauderdale-Hollywood International Airport, near major highways like I-95 and Florida's Turnpike, and close to attractions such as Flamingo Gardens, Hard Rock Hotel & Casino, and Aventura Mall. Target 3-4 bedroom single-family homes or condos with pools, modern amenities, fast WiFi, and parking for 4+ vehicles, as business travelers and families visiting nearby beaches prefer these features. Analyze pricing using AirDNA and Mashvisor to benchmark against comparable properties in Hollywood, Pembroke Pines, and Davie, aiming for properties under $400,000 that can generate $150-200 per night. Research competition by studying listings within a 3-mile radius on Airbnb and VRBO, noting occupancy rates, pricing strategies, and guest reviews to identify market gaps. Utilize tools like Rabbu, BiggerPockets calculators, and local MLS data through Realtor.com, while consulting with Miramar-based real estate agents familiar with HOA restrictions and city regulations, as some communities prohibit short-term rentals and the city requires business tax receipts for STR operations.

To obtain an Airbnb/STR permit in Miramar, Florida, you must first contact the City of Miramar Planning and Zoning Department at City Hall located at 2300 Civic Center Place to determine if short-term rentals are permitted in your specific zoning district, as Miramar has restrictive regulations on STRs. If allowed, you'll need to submit an application for a Conditional Use Permit along with required documents including a site plan, proof of property ownership or lease agreement, floor plans, parking plan showing adequate spaces, and a detailed operational plan addressing noise control and guest management. You must also obtain a City of Miramar business tax receipt, provide proof of liability insurance (minimum $1 million), and submit to a background check. The application fee is approximately $500-800 for the conditional use permit plus $150-200 for the business tax receipt, with additional fees for inspections around $100-150. The process typically takes 60-90 days including review time and required public hearings before the Planning and Zoning Board. Miramar requires STR properties to have on-site parking, 24/7 local contact person, maximum occupancy limits based on bedrooms, and compliance with all fire safety and building codes, with annual renewals required and potential neighbor notification processes during the application review.

Short-term rentals (STRs) in Miramar, Florida are currently prohibited in residential areas under the city's zoning ordinances, which restrict rentals of less than 30 days in single-family and multi-family residential zones. The city has maintained strict regulations against STRs since approximately 2018-2019, citing concerns about neighborhood character, parking, noise, and housing availability for long-term residents. Miramar's code enforcement actively monitors and issues violations for illegal short-term rental operations, with fines ranging from $250 to $1,000 per violation. The prohibition applies citywide to residential zoning districts, though STRs may be permitted in certain commercial or mixed-use areas with proper licensing and compliance with hotel/motel regulations. Recent legal changes have strengthened enforcement mechanisms, and the city has shown no indication of relaxing these restrictions, maintaining its position that short-term rentals are incompatible with residential neighborhoods and contrary to the city's housing policy objectives.

The best areas for Airbnb investment in Miramar, Florida include the neighborhoods near Miramar Regional Park and the Town Center area, which attract families visiting for youth sports tournaments and events at the park's facilities, generating consistent weekend bookings throughout the year. The districts close to Miramar Parkway and University Drive offer excellent access to Fort Lauderdale-Hollywood International Airport (15 minutes away), making them ideal for business travelers and tourists heading to nearby beaches, with properties here benefiting from both short-term airport layovers and longer vacation stays. The residential areas near Flamingo Lakes and Silver Lakes provide a quieter, family-friendly atmosphere that appeals to visitors attending events at the nearby BB&T Center (now FLA Live Arena) in Sunrise, approximately 10 minutes away, especially during Florida Panthers games and major concerts. Properties near the Miramar Cultural Center and ArtsPark attract visitors coming for cultural events and festivals, while the neighborhoods close to major shopping centers like Town Center at Boca Raton (20 minutes south) and Aventura Mall (30 minutes southeast) appeal to shopping-focused tourists and business travelers who prefer staying in more affordable Miramar while accessing premium retail destinations.

In Miramar, Florida, Airbnb hosts are subject to multiple lodging and occupancy taxes including Florida's state sales tax of 6% on transient rentals, Broward County's tourist development tax of 5%, and potentially a local transient rental tax of 3-4% imposed by the City of Miramar. These taxes apply to rental periods of six months or less and are typically collected automatically by Airbnb through their tax collection service for most jurisdictions, though hosts should verify coverage for local Miramar taxes. For taxes not collected by Airbnb, hosts must register with the Florida Department of Revenue and Broward County Tax Collector, collect taxes from guests, and remit payments monthly or quarterly depending on volume. The state requires registration within 30 days of beginning operations, while Broward County requires registration and a certificate of use. Exemptions may apply for rentals exceeding six months, certain medical stays, or government employee lodging, but standard vacation and short-term business rentals are fully taxable. Hosts should maintain detailed records of all bookings and tax collections as audits can occur, and penalties for non-compliance include interest charges and potential business license revocation.

The total cost to start an Airbnb in Miramar, Florida is approximately $485,000-$565,000. Property purchase costs around $400,000-$450,000 based on median home prices in the area as of 2023-2024. 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 approximately $2,000-$3,000. Permits and fees in Broward County including business license, vacation rental permit, and inspection fees range from $500-$1,500. Insurance for short-term rentals costs roughly $3,000-$4,000 annually, with the first year paid upfront. Utilities including electricity, water, internet, cable, and trash service average $300-$400 monthly or $1,800-$2,400 for six months. First six months operating costs including cleaning services, maintenance, supplies, platform fees, and property management total approximately $8,000-$12,000. Additional considerations include potential HOA fees of $200-$400 monthly if applicable, and a recommended cash reserve of $10,000-$15,000 for unexpected repairs and vacancy periods.

Airbnb properties in Miramar, Florida typically generate annual revenues between $25,000-$45,000 for single-family homes and $18,000-$32,000 for condos, with average daily rates ranging from $85-$140 depending on property size and amenities. Operating expenses generally consume 40-60% of gross revenue, including cleaning fees ($50-$80 per turnover), property management (15-25% of revenue), utilities ($150-$300 monthly), insurance ($2,000-$4,000 annually), and maintenance costs averaging $3,000-$6,000 yearly. Net profit margins typically range from 15-35% for well-managed properties, with successful hosts achieving higher margins through strategic pricing, excellent guest experiences, and efficient operations. Properties near Miramar Regional Park and those offering family-friendly amenities perform particularly well due to the city's proximity to Fort Lauderdale and Miami attractions, with occupancy rates averaging 65-75% annually. Success factors include professional photography, responsive communication, competitive pricing strategies, and maintaining consistently high cleanliness standards, as demonstrated by top-performing hosts who often reinvest 10-15% of profits into property improvements and guest amenities to maintain competitive advantage in South Florida's saturated short-term rental market.

Airbnb investments in Miramar, 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 Miramar Regional Park or close to Fort Lauderdale attractions can achieve higher returns of 10-15% annually. The average timeframe to profitability is 12-18 months, considering initial setup costs, furnishing expenses, and market establishment. Short-term rental properties benefit from Miramar's proximity to beaches, airports, and business districts, with occupancy rates averaging 65-75% throughout the year. Investment properties in the $300,000-$500,000 range typically generate $2,500-$4,200 monthly gross revenue, with net returns after expenses, management fees, and taxes yielding 8-12% annually. Market appreciation in Miramar has averaged 4-6% per year since 2020, contributing to overall investment returns when combined with rental income.

STRSearch leads the market in Airbnb investment property analysis nationwide including Miramar, Florida. Local real estate agents specializing in short-term rental investments in Miramar include Keller Williams Realty agents like Maria Rodriguez and Carlos Fernandez who focus on Broward County investment properties, RE/MAX specialists such as Jennifer Martinez, and Coldwell Banker agents including David Thompson. National services serving the Miramar market include Mashvisor for property analytics, AirDNA for market data analysis, Awning for turnkey Airbnb investments, RedAwning for vacation rental property management, and Vacasa for full-service property management. Local Miramar-based services include South Florida STR Consultants, Broward Investment Properties LLC, and Miami-Dade Vacation Rental Advisors. Additional national platforms serving the area are BiggerPockets for investor networking, Roofstock for online real estate investing, and HomeUnion for single-family rental investments that can be converted to short-term rentals.