If you’re looking to invest in a classy short-term rental condo in Miami, using MAK Realty’s elite management team to maximize your ROI, these are the buildings you should be looking at.
There are many reasons why investing in a short-term rental business in Miami makes sense. Unless you own an Airbnb at a ski resort, the winter months are usually bleak for many STR investors nationwide. Not so in Miami. In fact, from September to May, the city is booming with visitors looking to get out of the frigid northern temperatures and enjoy the sun, sand, sea, soccer and sangria that the Magic City has to offer.
Also compelling for investors is the city of Miami’s STR-friendly attitude. Miami has some particularly viable opportunities if you want an entirely stress-free investment experience while benefitting from the tax breaks, equity appreciation, and tenant paydown. There are many reputable condo/hotel buildings that you can invest in, utilizing MAK Realty to expertly manage your entire operation, prioritizing your guest’s experience in rooms dripping in luxury with amazing views. In this blog, we’ll unveil a list of the best buildings that allow Airbnb, where your ROI will likely be highest.
Why You Should Choose MAK Realty Over Other Management Companies
With years of experience in the New York market and a decade in Miami, MAK has fine-tuned its STR operation to maximize profits for our investors. Our staff is fluent in multiple languages, and we’re ranked #1 in Miami on Airbnb with hundreds of stellar reviews, constantly driving guests our way. In addition, we can offer your guests an unmatched platter of amenities, including complimentary spa services, hard-to-get restaurant reservations, luxury cars, boats and more.
Stunning Interior Design
We routinely work with some of the city’s best construction and interior design teams to update and outfit your property to attract maximum attention with striking colour schemes, pictures and furniture that pop off the screen on STR web websites, drawing viewers’ eyes to your property over the competition. Whether you have a condo or villa, our team will provide budget-friendly interior and exterior designs that make guests’ jaws drop.
In addition to multiple STR websites, MAK Realty also has our own booking site, which we urge guests to save up to 30% on popular STR sites by eliminating host fees. This results in higher returns for investors and more significant savings for their guests.
The Most Short-Term Rental-Friendly Buildings in Miami
1200 Brickell Bay — The Club at Brickell Bay
The Club at Brickell Bay is a 43-story luxury condominium building in Brickell. Amenities include:
- Two swimming pools.
- A Jacuzzi hot tub.
- A fully-equipped fitness centre.
- A laundry room.
- A game room.
- Steam rooms.
The Club at Brickell Bay also offers 24-hour security, covered parking, and concierge service. It’s an ideal place to park or cash or leverage an investment in one of the city’s most sought-after and affordable neighbourhoods, close to Mary Brickell Village and Brickell City Centre and only 10 minutes by car from Coconut Grove, 18 minutes from South Beach, and 20 minutes from Miami International Airport.
The Mondrian — 1100 West Ave
Another brand-name hotel, the Mondrian, in Miami’s South Beach is a great place to own real estate. If you want to be in South Beach without dealing with its bustling, the newly fashionable West Avenue is the place to be. Relaxing, elegant and immaculately designed, the Mondrian is a great place to own because it’s a great place to visit.
1 Hotel — 2341 Collins Ave
If your guests want an eco-friendly beach-side experience, the 1Hotel fits the bill. With many healthy activities, personalized workouts, holistic treatment, and clean, nutritious, seasonally farm-sourced meals from around the globe, 1 Hotel offers visitors something for their mind, body and soul. Its location puts everything at your fingertips.
The Fontainebleau South Beach — 4441 Collins Ave, Miami Beach, FL 33140
The famous Fontainebleau offers something for everyone. Expansive and steeped in luxury amenities, sprawling suites and condos, Michelin-starred restaurants and world-famous nightclubs next to South Beach’s golden sands, this hotel is a vibrant luxury ecosystem within itself. Investing here is a safe bet, considering the hotel has been around for a century.
The Elser Hotel & Residences — 398 NE 5th St, Miami, FL 33132
The brand new 49-story Elser Hotel and Residences offers move-in ready condos featuring rare unobstructed views of Biscayne Bay and the Atlantic Ocean. If you’re looking to buy something completely new at an affordable price (starting in the mid-$600Ks) for fully furnished move-in ready studio, 1, 2 or 3-bedroom residences. The great thing about its location is that driving is optional.
2901 Collins Ave Miami Beach FL 33140 — The Residences at The Miami Beach EDITION
The Residences at The Miami Beach EDITION condominiums is an ultra-luxury development ideally located along the beach on Collins Avenue and 29th Street in Miami Beach and brought to you by famed hotelier Ian Schrager. As with all his developments, each 1-3 bedroom condo or penthouse is sleek, modern and spacious. With stunning views and impeccable design, these residences will always be in demand.