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.
Across 101 active STR-viable listings analyzed this month, Miami Beach shows a 1.8% median cap rate at a $2.4M median list price, 55% occupancy, and $368/night. That ranks #49 of 57 markets in STRROI's live ranking. At typical prices, cash flow is tight: most listings only pencil out with a large down payment, a below-list purchase, or above-market nightly rates.
Miami Beach real estate market right now
As of October 17, 2026, STRROI is tracking 101 homes for sale in Miami Beach that could run as short-term rentals, at a median list price of $2,400,000. The middle half are priced between $550K and $8.9M. That works out to a median of $1,028 per square foot for a typical 2,263 square foot home. Homes here have been on the market 144 days on average, longer than the 101 days typical across the 56 markets in STRROI's ranking, which usually leaves more room to negotiate on price. 19 of them were listed in the last 30 days.
These numbers cover the homes for sale STRROI analyzes as potential short-term rentals in Miami Beach, mainly ZIP 33139. They are not every home sale in the area, so they can differ from MLS-wide figures. Month-by-month price history starts Oct 2026 and fills in as the market is re-checked each month.
What's for sale in Miami Beach right now
Of the 101 homes for sale we analyzed in Miami Beach, 4 (4%) project positive monthly cash flow with 20% down at a 7.5% rate, and none rate Buy or better on STRROI's 1-10 scale. 5+ bedroom homes are the most common (28 for sale, median $21.7M). Returns are strongest in 1-bedroom homes at a 4.9% median cap rate, and weakest in 5+ bedroom homes at 0.2%. By property type, condos lead at a 4.0% median cap rate across 37 listings.
- Weak: 19
- Avoid: 82
| Beds | For sale | Median price | Cap rate |
|---|---|---|---|
| 1 | 20 | $313K | 4.9% |
| 2 | 21 | $829K | 3.1% |
| 3 | 16 | $2.3M | 1.7% |
| 4 | 11 | $5.3M | 1.3% |
| 5+ | 28 | $21.7M | 0.2% |
| Type | For sale | Median price | Cap rate |
|---|---|---|---|
| Single-family homes | 39 | $13.8M | 0.3% |
| Condos | 37 | $420K | 4.0% |
| Multi-family | 14 | $3.4M | 2.5% |
| Townhouses | 10 | $1.8M | 2.4% |
Top-ranked homes for sale in Miami Beach this month
Scored 1-10 against real Airbnb comps. Addresses, photos and the full underwriting are in the app.
- #1Weak · 4/101 bd · 1 ba apartmentZIP 33139 · listed at $149K
- Cap rate
- 8.7%
- Cash flow
- +$248/mo
- Nightly
- $145 at 55%
- #2Weak · 4/101 bd · 1 ba condoZIP 33139 · listed at $170K
- Cap rate
- 8.2%
- Cash flow
- +$212/mo
- Nightly
- $152 at 55%
- #3Weak · 4/101 bd · 1 ba condoZIP 33139 · listed at $160K
- Cap rate
- 8.1%
- Cash flow
- +$187/mo
- Nightly
- $145 at 55%
How Miami Beach compares
Miami Beach ranks #18 of 21 Southeast markets in STRROI's live ranking; St. Augustine leads the region with a median cap rate of 5.7%. Its 1.8% cap rate is 1.1 points below the 2.9% median across all 57 ranked markets, and its $2.4M typical list price is pricier than the Southeast median of $633K.
| Rank | Market | Cap rate | Typical price |
|---|---|---|---|
| #43 | Anna Maria Island, FL | 2.2% | $3.5M |
| #46 | Hilton Head Island, SC | 2.2% | $950K |
| #47 | Sarasota, FL | 2.1% | $1.2M |
| #49 | Miami Beach, FL | 1.8% | $2.4M |
| #50 | Charleston, SC | 1.8% | $2.5M |
| #53 | 30A / Santa Rosa Beach, FL | 1.5% | $633K |
| #56 | Clearwater Beach, FL | 0.6% | $1.1M |
Rank is national, by median cap rate across active STR-viable listings. Cash flow uses STRROI's default financing assumptions. See the full ranking
Estimated Annual Performance
* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.
Why Investors Choose Miami Beach
Miami Beach STR investing, answered
Is Miami Beach, FL a good short-term rental market?
Miami Beach is a Southeast STR market with a 1.8% median cap rate, 55% annual occupancy, and $368/night across STR-viable listings, based on 101 active listings. It ranks #49 of 57 markets by median cap rate in STRROI's live ranking. This month none of its 101 homes for sale rate Buy or better.
What is the average Airbnb occupancy rate in Miami Beach?
STR-viable properties in Miami Beach average about 55% occupancy across the year. Peak season is Dec - Apr (snowbird), Art Basel (Dec), Ultra (Mar). Occupancy here reflects availability-adjusted booking performance, not raw calendar occupancy, so it represents what a full-time operated rental can realistically achieve.
How much do short-term rentals earn in Miami Beach?
At $368/night and 55% occupancy, a typical Miami Beach STR grosses roughly $73,473 per year before expenses, leaving an estimated $44,084 in net operating income. Across analyzed listings the median cap rate is 1.8%. Individual results depend on property, amenities, and management.
What types of properties work best for STR in Miami Beach?
Among homes for sale right now, 1-bedroom homes post the strongest median cap rate by size (4.9%), and condos lead by property type (4.0%). With guests, the best-performing STR types here are Condo, Luxury Apartment, Townhouse, Villa. Matching the local guest profile and the amenities that drive bookings matters more than raw square footage.
How many homes for sale in Miami Beach cash flow as an Airbnb?
4 of 101 STR-viable listings (4%) project positive monthly cash flow after the mortgage, assuming 20% down at a 7.5% rate on a 30-year loan. The top-ranked listing this month is a 1-bedroom apartment in ZIP 33139 listed at $149K, projecting a 8.7% cap rate and +$248 a month.
What is the median home price in Miami Beach, FL right now?
The median list price of the 101 homes for sale STRROI tracks in Miami Beach is $2,400,000, and the middle half are priced between $550K and $8.9M. The median price per square foot is $1,028. These are homes that could run as short-term rentals, mainly ZIP 33139, not every sale in the area. Against a 1.8% median cap rate, that price level sets the return baseline you'd underwrite against.
How long do homes stay on the market in Miami Beach?
Homes for sale in Miami Beach have been listed 144 days on average, longer than the 101 days typical across the 56 markets in STRROI's ranking, which usually leaves more room to negotiate on price. 19 of them were listed in the last 30 days.
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.Stats sourced from 101 active listings · last updated Oct 17, 2026
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