Airbnb City Guide: The Best Places To Invest in Cocoa Beach, Florida

Airbnb Rules and Regulations in Cocoa Beach, Florida

As of 2024, Cocoa Beach, Florida, has implemented comprehensive regulations governing short-term rentals to ensure a harmonious balance between the interests of hosts, guests, and the local community. Hosts are required to obtain a Business Tax Receipt and a Short-Term Rental License from the City of Cocoa Beach. Additionally, properties must adhere to strict occupancy limits based on the number of bedrooms and parking spaces available.

Hosts are responsible for collecting and remitting the Brevard County Tourist Development Tax, which is currently set at 6%. To maintain neighborhood tranquility, quiet hours are enforced from 10:00 PM to 8:00 AM, and all parking must be accommodated on-site. Hosts must provide a local contact person, such as a property manager or co-host, who can respond to any issues within two hours. Failure to comply with these regulations may result in fines, penalties, or the revocation of the Short-Term Rental License. By adhering to these rules, Airbnb hosts in Cocoa Beach can contribute to a thriving and sustainable tourism industry while preserving the quality of life for local residents.

Cocoa Beach Airbnb Market Data:

• Average Revenue – $114K per year
• Average Daily Rate – $473.2 per night
• Average Occupancy Rate – 66%
• Average RevPAR – $311.7
• Average Home Prices – $495,282

1. Top Place to Invest in Cocoa Beach, Florida - Downtown

Downtown Cocoa Beach, a vibrant coastal community nestled along the Atlantic Ocean, has emerged as a prime investment opportunity for short-term rental investors. With its lively atmosphere, stunning beaches, and growing popularity among tourists, this area offers a unique blend of coastal charm and urban amenities.

Downtown Airbnb Market Data:

• Average Revenue – $114K per year
• Average Daily Rate – $473.2 per night
• Average Occupancy Rate – 66%
• Average RevPAR – $311.7

Convenience - 9/10

Downtown Cocoa Beach boasts an exceptional level of convenience for visitors. Essential amenities such as restaurants, shops, and entertainment venues are concentrated within the pedestrian-friendly district, allowing for easy exploration on foot. The area's central location provides convenient access to major transportation hubs, including the Cocoa Beach Pier and the nearby Cocoa Beach Causeway, making it an ideal base for exploring the surrounding attractions.

Tourist Attractions - 8/10

Downtown Cocoa Beach itself is a major tourist attraction, with its vibrant beachfront atmosphere, lively events, and iconic landmarks like the Cocoa Beach Pier. The area is home to numerous attractions, including the Cocoa Beach Surf Museum, the Westgate Cocoa Beach Pier, and the Cocoa Beach Skate Park, catering to a wide range of interests. Additionally, the nearby Lori Wilson Park and the Thousand Islands Conservation Area offer outdoor recreation and nature exploration opportunities.

Things to Do - 9/10

Visitors to Downtown Cocoa Beach can enjoy a wide range of activities. From strolling along the picturesque streets and exploring the unique shops and eateries to enjoying live music and entertainment at local venues, there is something for everyone. Water enthusiasts can indulge in surfing, kayaking, or simply soaking up the sun on the pristine beaches. The area also hosts annual local events like the Cocoa Beach Art Show and the Cocoa Beach Seafood & Music Festival, celebrating the local culture and cuisine.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Downtown Cocoa Beach is $561,000, reflecting a significant 74.1% year-over-year decrease. While this price point may be higher than some other areas in Florida, the area's growing popularity among tourists and its prime beachfront location make it an attractive investment opportunity for Airbnb investors.

Proximity to Work-Related Travel - 6/10

Downtown Cocoa Beach's location provides reasonable proximity to work-related travel destinations. The Cocoa Beach Regional Medical Center is located within a short drive, while the nearest convention center and sports venues are situated in nearby cities like Orlando and Melbourne, approximately a 45-60 minute drive from the area. However, the peaceful beachfront setting could appeal to remote workers seeking a tranquil and inspiring workspace.

X-Factor - 10/10

What sets Downtown Cocoa Beach apart is its unique blend of coastal charm and urban vibrancy. The area's lively beachfront atmosphere, coupled with its diverse array of attractions and entertainment options, creates a truly captivating experience for visitors. As more travelers seek out authentic and immersive coastal destinations, Downtown Cocoa Beach's commitment to preserving its laid-back beach town vibe while offering modern amenities makes it an increasingly popular choice for Airbnb guests looking to escape the ordinary and immerse themselves in a one-of-a-kind coastal experience.

2. Top Place to Invest in Cocoa Beach, Florida - Cocoa Beach Pier

The iconic Cocoa Beach Pier, stretching over 800 feet into the Atlantic Ocean, has long been a cultural and entertainment epicenter on Florida's Space Coast. This historic landmark offers a unique blend of coastal charm, vibrant attractions, and a growing demand for vacation rentals, making it an increasingly desirable investment opportunity for Airbnb investors.

Cocoa Beach Pier Airbnb Market Data:

• Average Revenue – $114K per year
• Average Daily Rate – $473.2 per night
• Average Occupancy Rate – 66%
• Average RevPAR – $311.7

Convenience - 9/10

The Cocoa Beach Pier boasts an exceptional level of convenience for visitors. Essential amenities such as restaurants, shops, and entertainment venues are concentrated within the pier itself, allowing for easy exploration on foot. This also opens plenty of opportunities for local partnerships, creating extra value for your guests. The area's central location provides convenient access to major transportation hubs, including the nearby Cocoa Beach Causeway and the Cocoa Beach Regional Airport, making it an ideal base for exploring the surrounding attractions.

Tourist Attractions - 10/10

The Cocoa Beach Pier itself is a major tourist attraction, offering breathtaking views of the Atlantic Ocean and a vibrant atmosphere. The pier is home to numerous attractions, including the Westgate Cocoa Beach Pier, a popular destination for fishing, surfing, and beachfront dining. Additionally, the nearby Lori Wilson Park and the Thousand Islands Conservation Area offer outdoor recreation and nature exploration opportunities.

Things to Do - 10/10

Visitors to the Cocoa Beach Pier can enjoy a wide range of activities. From strolling along the iconic pier and exploring the unique shops and eateries to enjoying live music and entertainment at local venues, there is something for everyone. Water enthusiasts can surf, fish, or simply soak up the sun on the pristine beaches. The area also hosts annual events like the Cocoa Beach Art Show and the Cocoa Beach Seafood & Music Festival, celebrating the local culture and cuisine, making it a delightful place to visit as a foodie.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in the Cocoa Beach area is $561,000, reflecting a significant 74.1% year-over-year decrease. While this price point may be higher than some other areas in Florida, the Cocoa Beach Pier's growing popularity among tourists and its prime beachfront location make it a great area to purchase a home to transform into an Airbnb rental.

Proximity to Work-Related Travel - 7/10

The Cocoa Beach Pier's location provides reasonable proximity to work-related travel destinations. The Cocoa Beach Regional Medical Center is located within a short drive, while the nearest convention center and sports venues are situated in nearby cities like Orlando and Melbourne, approximately a 45-60 minute drive from the area. However, the peaceful beachfront setting could appeal to remote workers seeking a tranquil and inspiring workspace.

X-Factor - 10/10

Its unique blend of coastal charm and urban vibrancy sets the Cocoa Beach Pier apart. The area's lively beachfront atmosphere, coupled with its diverse array of attractions and entertainment options, creates a truly captivating experience for visitors. As more travelers seek out authentic and immersive coastal destinations, the Cocoa Beach Pier's commitment to preserving its laid-back beach town vibe while offering modern amenities makes it an increasingly popular choice for Airbnb guests looking to escape the ordinary and immerse themselves in a one-of-a-kind coastal experience.

3. Top Place to Invest in Cocoa Beach, Florida - Cocoa Beach Country Club

The Cocoa Beach Country Club, a prestigious residential community nestled along the picturesque shores of the Atlantic Ocean, is rapidly emerging as a prime destination for investors seeking to start their own Airbnb rental business. With its luxurious amenities, stunning natural surroundings, and growing popularity among affluent travelers, this area offers a unique blend of upscale living and coastal charm.

Cocoa Beach Country Club Airbnb Market Data:

• Average Revenue – $114K per year
• Average Daily Rate – $473.2 per night
• Average Occupancy Rate – 66%
• Average RevPAR – $311.7

Convenience - 8/10

The Cocoa Beach Country Club boasts a high level of convenience for visitors. Essential amenities such as restaurants, shops, and recreational facilities are readily available within the community itself. The area's central location provides convenient access to major transportation hubs, including the nearby Cocoa Beach Causeway and the Cocoa Beach Regional Airport, making it an ideal base for exploring the surrounding attractions.

Tourist Attractions - 7/10

While the Cocoa Beach Country Club itself may not be a major tourist attraction, its proximity to popular destinations like the Cocoa Beach Pier and the Lori Wilson Park offers visitors a chance to explore the area's natural beauty and coastal attractions. The community's well-manicured golf course and clubhouse facilities also provide a unique experience for golf enthusiasts and those seeking a more exclusive vacation experience.

Things to Do - 8/10

Cocoa Beach Country Club visitors can enjoy a wide range of activities within the community and its surrounding areas. The club's championship golf course, tennis courts, and swimming pools offer ample opportunities for recreation and relaxation. Water enthusiasts can surf, fish, or simply soak up the sun on the pristine beaches just steps away from the community. Additionally, the nearby Thousand Islands Conservation Area provides hiking, bird watching, and nature exploration opportunities.

Average Home Prices - 9/10

According to Zillow data for 2024, the median home value in the Cocoa Beach Country Club area is $1,250,000, reflecting a significant 12.6% year-over-year appreciation rate. While this price point is higher than many other areas in Florida, the community's exclusive amenities, prime beachfront location, and growing popularity among affluent travelers make it an attractive investment opportunity for Airbnb investors targeting the luxury market.

Proximity to Work-Related Travel - 7/10

The Cocoa Beach Country Club's location provides reasonable proximity to work-related travel destinations. The Cocoa Beach Regional Medical Center is located within a short drive, while the nearest convention center and sports venues are situated in nearby cities like Orlando and Melbourne, approximately a 45-60 minute drive from the area. However, the peaceful beachfront setting and exclusive community atmosphere could appeal to remote workers seeking a luxurious and inspiring workspace.

X-Factor - 9/10

Its unique blend of upscale living and coastal charm sets the Cocoa Beach Country Club apart. The community's luxurious amenities, including a championship golf course, tennis courts, and private beach access, create a truly exclusive and indulgent experience for visitors. As more affluent travelers seek out high-end vacation rentals in prime coastal locations, the Cocoa Beach Country Club's commitment to providing a luxurious and secluded retreat makes it an increasingly popular choice for Airbnb guests looking to escape the ordinary and immerse themselves in a one-of-a-kind coastal experience.