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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
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Map
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Market Stats:

VFWB Market Overview By Bedroom (20% GY)
6
Market
Num BRs
% of market
Fifty % Monthly
Seventy-Five % Monthly
Low Target Home Price
Highest Target Home Price
1
Fort Walton Beach, Florida
3
23%
6100
8700
$366,000.00
$522,000.00
2
Fort Walton Beach, Florida
4
6%
8300
13100
$498,000.00
$786,000.00
3
Fort Walton Beach, Florida
5+
1%
7000
10500
$420,000.00
$630,000.00
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Amenities

pool 59%
hot tub 30%

Top Performing Properties

All on Okaloosa Island
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