New Townhome 3/2 Airbnb Pensacola Florida

[Ray Jaramillo]

I’m a newer out of state investor from Utah considering purchasing a brand new townhome (3/2) northwest of Ensley area close to nine mile rd. and I10 of Pensacola FL. And using for short term rental (Airbnb) My concern’s are:

1.) 30 minute drive to Pensacola beach. Is this too far for short term?

2.) Vacancy rate during winter months

3.) Is this a successful area for short term?

[Matt Jones]

@Bryce Nurding LOL, it sounds like Pensacola hurt you my friend.  I disagree with the bulk of your points(downtown Pensacola is thriving and home prices there are mostly between $200 - $500 per sq ft these days, also North & East Hill are two of the more expensive areas of town and only a mile or two from the city center) but to each his own

@Ray Jaramillo Pensacola is booming right now with people relocating here to be closer to the beach. We are seeing quite a few retired folks and people with the ability to work remote moving into the area and we are seeing a lot of out of state investors that want to invest money here. Real estate prices have been increasing, the downtown has really grown and is becoming a tourist attraction separate from the beach. AirBnb's are doing very well in the area but the bulk of local short term rental properties are near a major attraction such as Pensacola Beach, Perdido Key or Downtown. The University of West Florida and NAS Pensacola are also draws that bring in out of town guests and could make for a good STR. Depending on where you are on 9 mile you may not be very convenient to any of the major attractions. Right now we seem to have a shortage of places for people to stay so you could be successful anywhere but I would consider the long term viability less certain with a higher chance that your 3 concerns could limit income/profitability for you.