Southeast6.4% avg cap rate

Miami Beach, FL

South Florida luxury STR — global demand, premium ADR

Miami Beach is one of the most internationally recognized vacation destinations in the world, drawing visitors from Latin America, Europe, and the Northeast with South Beach's Art Deco architecture, luxury hotel scene, and year-round tropical climate. The STR market is dense and competitive but rewards design-forward listings with exceptional ADR. Miami-Dade County requires a Certificate of Use for all STRs.

6.4%
Avg Cap Rate
Net operating income / price
69%
Avg Occupancy
Annual average
$450
Avg Nightly Rate
All property types
$685K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
69% occ × $450/night
$113,332
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $45,333
Est. net operating income
Before mortgage & depreciation
$67,999
At median price
Implied cap rate
9.9%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Miami Beach

Global demand base — 60%+ international visitors in peak season
Art Basel and Ultra Music Festival drive massive ADR spikes
Year-round tropical climate — no true off-season
Miami-Dade Certificate of Use required for all STR operators
Peak season: Dec – Apr (snowbird), Art Basel (Dec), Ultra (Mar)
Top property types: Condo, Luxury Apartment, Townhouse, Villa
Primary zip: 33139, 33140, 33141, 33154

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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