Hi there! Congrats on the move! I am an avid Daytona investor and can shed some light on this. Currently, short-term rentals are prohibited in the residential zones of Daytona, they are only allowed in the T1 Zone (which is on A1A near the hotels-there are only 24 legal short term vacation rentals in Daytona). I own homes in both zones. However, I and several others, are in a lawsuit with the city fighting their ordinance and trying to get short-term rentals allowed in all zones (I mean it's Daytona Beach!), we have a hearing on 2/2 and the Florida legislature is actively debating the issue this session. So that being said, if you plan to Airbnb your home, just hope you have good neighbors-that is the key. When I first purchased in Daytona I did not know short-term rentals were illegal and I purchased two homes-both of which rented like crazy. One of the homes the neighbors are super cool and we never had a problem-the other home had people living behind our home that didn't like the sounds of kids in the pool and they complained to the City (yep, we have a pool so don't judge me other investors out there as I would argue all day long for pools at vacation rentals). We had to stop renting out that house and turn it into a long-term rental. It's a really hot issue in Daytona-if you Google it you will find all kids of articles. Sorry, hate to bring bad news on that-and you can definitely still try it just know you may get shut down or fined.
That being said, Daytona is a great market to invest in-at least in my opinion. The prices are incredible and there is so much going on that I only foresee good things for the area in the near future. Where else can you live a block from the beach for under $200k?
If you have any questions or want to join our efforts to make short term rentals legal in Daytona shoot me a message and we can grab coffee. And good luck in your new home!
