North Miami Beach, FL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the North Miami Beach short-term rental market based on reliable data.

Listings

420 / 1232

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$41,276

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$440,579

Median Home Sale Price

Top Earners

$148,721

Top-Earners Revenue

North Miami Beach

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in North Miami Beach.

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C

Challenging to Investors

North Miami Beach Regulations

North Miami Beach's STR regulations are technically legal but severely constrained, with the biggest barrier being the strict cap of only 3 rentals per 12-month period and maximum 3-month stays, which dramatically limits earning potential for investors. While registration fees are moderate ($100 city + $136 county) and the process is clearly defined, the combination of tight frequency limits, extensive safety/compliance requirements, and heavy penalties ($500-$5,000) creates significant operational challenges that make investment viability questionable.

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About North Miami Beach

North Miami Beach, FL is a vibrant city located in Miami-Dade County. With a population of approximately 43,000 residents, it offers a suburban environment while being conveniently situated just 15 miles northeast of downtown Miami. This proximity provides easy access to the bustling activities and attractions of one of Florida’s major cities, making it an appealing destination for short-term renters seeking both relaxation and urban excitement.

North Miami Beach is well-known for its array of attractions and notable landmarks. One such landmark is the Ancient Spanish Monastery (http://www.spanishmonastery.com/),,) a historic structure originally built in Spain in 1141 and later reassembled in North Miami Beach. Another significant site is the Greynolds Park (https://www.miamidade.gov/parks/greynolds.asp),,) a large green space offering walking trails, picnic areas, and a golf course.

For those interested in retail and dining, the city features the Mall at 163rd Street (http://www.mallat163rdstreet.com/),,) which offers a variety of shops and eateries. Recreational opportunities are abundant, with the nearby Oleta River State Park (https://www.floridastateparks.org/parks-and-trails/oleta-river-state-park)) providing options for kayaking, biking, and beach activities.

North Miami Beach’s location also makes it an ideal spot for short-term visitors who want to explore the broader Miami area’s offerings, such as the renowned Miami Beach (https://www.miamibeachfl.gov/)) and Wynwood Walls (https://thewynwoodwalls.com/),,) both easily accessible by car.

Overall, North Miami Beach’s combination of historic charm, recreational facilities, shopping, and close proximity to Miami makes it a compelling choice for short-term rentals.

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