Fort Walton Beach, FL

What are the STR Laws

Look at market: bedrooms, amenities, etc

Find the average annual revenue by bedrooms interested in ex: a 4br = $60,000

Look for the top performing properties of the bedroom counts interested in: top 2 categories in pricing

What do they look like? Style, design

Where are they located?

Amenities

Look for things to do and find golden triangles (google bard)

Setup a search on zillow with what found

Is this an area we want to pursue? If yes look for realtor on Bigger Pockets

STR Laws

Yes, in Fort Walton Beach, FL, specifically on Okaloosa Island, there are zoning restrictions for Short-Term (Airbnb) Rentals (STRs). The Okaloosa Island Covenants and Restrictions prohibit residences within the B-1 Private Residential Area from being “operated as a group or rented to transients.” These restrictions predate the 2011 legislative preemption and remain in effect, thus not allowing STRs in that area.

Basically has to be south of Santa Rosa Blvd or east of second beach freeways

Source:

Okaloosa County Short Term Rentals Info⁠

Map⁠

⁠

Market Stats:

VFWB Market Overview By Bedroom (20% GY)

VFWB Market Overview By Bedroom (20% GY)

Market

Num BRs

% of market

Fifty % Monthly

Seventy-Five % Monthly

Low Target Home Price

Highest Target Home Price

23%

6100

8700

$366,000.00

$522,000.00

8300

13100

$498,000.00

$786,000.00

7000

10500

$420,000.00

$630,000.00

No results from filter

⁠

Amenities

pool 59%

hot tub 30%

Top Performing Properties

All on Okaloosa Island

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