It seems like Airbnb has partnered with Sentral Wynwood in Miami to introduce its “Airbnb-Friendly Apartments” program. The program is designed to enable renters to earn extra income by subletting their homes on Airbnb. Sentral Wynwood, completed in 2019, stands as a modern and versatile investment opportunity in the heart of Miami’s vibrant Wynwood neighborhood. With its unique apartment-hotel model, offering short-term stays for a few days or several weeks, as well as longer-term leases spanning 3 to 24 months, it caters to a broad spectrum of guests.
This adaptability allows investors to tap into both transient and extended-stay markets, providing diverse income streams. The property’s strategic location in Wynwood, a cultural and artistic hub, further enhances its appeal. Ground-floor retail spaces offer additional rental income potential, and its modern design and efficient amenities are poised to attract a discerning clientele. As the demand for accommodations in Wynwood continues to grow, Sentral Wynwood’s resilience and income potential make it an enticing prospect for real estate investors looking to capitalize on this thriving market.
Here are some key details about the program and a list of approved condo buildings in the Miami area:
Program Details:
- The program is in compliance with local regulations.
- Renters can list their apartments on Airbnb for approximately 170 days per year.
- It is available in 265 buildings across 37 U.S. markets, with 81,000 units eligible for part-time renting.
Approved Miami Condo Buildings:
- 1 Hotel & Homes (South Beach): Prices range from $2,500,000 to $8,999,995. Only daily rentals are allowed, but they are part of the hotel program.
- ABAE (South Beach): Prices range from $360,000 to $532,000. Only daily rentals are allowed as part of the hotel program.
- Akoya (Mid Beach): Monthly and seasonal rentals are allowed.
- Aventura Beach Club / Marco Polo Residences (Sunny Isles Beach): Daily rentals are allowed.
- Bel Aire on the Ocean (North Beach): Monthly and seasonal rentals are allowed.
- Bentley Beach Hilton (South Beach): Daily rentals are allowed.
- Ocean Reserve (Sunny Isles Beach): Daily rentals are allowed if the unit is registered for short-term rentals.
- Roney Palace (South Beach): Monthly and seasonal rentals are allowed.
- Sole (Sunny Isles Beach): Daily rentals are allowed in this condo-hotel.
- Trump International (Sunny Isles Beach): Daily rentals are allowed.
Please note that while these buildings are listed as approved for short-term rentals, it’s essential to verify with the condo association whether daily rentals like Airbnb are currently allowed, as condo rules and regulations may change over time. Additionally, you may want to do your due diligence and reach out to the condo association or a real estate professional for the most up-to-date information on rental policies in these buildings.