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

Airbnb Rules and Regulations in Largo, Florida

As of 2024, Largo, Florida, has implemented several regulations for short-term vacation rentals, including those listed on Airbnb. Property owners must obtain a license from the Florida Department of Business and Professional Regulation (DBPR) and comply with the city's ordinances. These include meeting minimum standards set by the Florida Building Code, Fire Code, and Life Safety Code and undergoing an annual high-hazard inspection. Properties with swimming pools must adhere to the Residential Swimming Pool Safety Act.

Hosts are required to install fire extinguishers on each floor, post an informational form in a visible area, and designate a responsible party, who could be the owner themselves, a co-host, or a property manager, available 24/7 to address concerns within two hours. The maximum occupancy is limited to one person per 150 square feet of air-conditioned living space, and one off-street parking space must be provided for every three guests. Additionally, hosts must collect and remit tourist development taxes, sales surtaxes, and transient rental taxes to the Florida Department of Revenue. Failure to comply with these regulations may result in fines or suspension of the rental registration.

Largo Airbnb Market Data:

• Average Revenue – $64.1K per year
• Average Daily Rate – $292.8 per night
• Average Occupancy Rate – 60%
• Average RevPAR – $172.3
• Average Home Prices – $361,097

1. Top Place to Invest in Largo, Florida - Largo Central Park

Nestled in the heart of Pinellas County, Largo Central Park is a hidden gem for Airbnb investors seeking a prime location with untapped potential. This 70-acre oasis offers a perfect blend of natural beauty, recreational activities, and proximity to popular attractions, making it an ideal spot for establishing short-term rental businesses.

Largo Central Park Airbnb Market Data:

• Average Revenue – $50K per year
• Average Daily Rate – $244.5 per night
• Average Occupancy Rate – 56%
• Average RevPAR – $135.3

Convenience - 8/10

Largo Central Park boasts a central location, is easily accessible from major highways, and is just minutes away from the beach. The park is surrounded by a variety of shops, restaurants, and local businesses, providing guests with a convenient and enjoyable stay. With ample parking and well-maintained facilities, investors can expect a steady stream of satisfied visitors, even during off-seasons.

Tourist Attractions - 7/10

While Largo Central Park may not be a primary tourist destination, it offers a unique charm that attracts visitors looking for a more laid-back experience. The park features a beautiful landscape with rolling grounds, fountains, and a landmark clock tower. Guests can enjoy picnics, stroll through the nature preserve, or take a ride on the miniature train. Nearby attractions include the Florida Botanical Gardens and Heritage Village.

Things to Do - 9/10

One of the standout features of Largo Central Park is the wide range of activities available for guests of all ages. The park is home to a disabled-friendly playground, a military court of honor, and several picnic pavilions. Visitors can also explore the nature preserve, which is home to hundreds of wildlife species and offers guided walks. With over a mile of walking trails and a 2.5-acre great lawn, there's plenty of space for outdoor recreation.

Average Home Prices - 6/10

According to Zillow, the median home price in Largo as of March 2024 is $330,444, a 4.1% decrease from the previous year. While this may seem like a concern, it presents an opportunity for investors to acquire properties at a lower cost. The median price per square foot is $262, which is still relatively affordable compared to other areas in Florida. Investors can expect appreciation rates to improve as the market stabilizes and tourism rebounds.

Proximity to Work-Related Travel - 7/10

Largo Central Park is conveniently located near several hospitals, including Largo Medical Center and Morton Plant Hospital. This proximity makes it an attractive option for traveling healthcare professionals and visiting family members. The park is also within a reasonable distance from the St. Pete-Clearwater International Airport and the Tampa Convention Center, providing opportunities for business travelers.

X-Factor - 8/10

What sets Largo Central Park apart is its unique combination of natural beauty, recreational offerings, and community events. The park hosts a variety of festivals and concerts throughout the year, drawing in visitors from the surrounding areas. The Central Park Performing Arts Center, located within the park, showcases local talent and attracts theater enthusiasts. Additionally, the park's commitment to accessibility and inclusion, evident in its disabled-friendly playground and amenities, creates a welcoming atmosphere for all guests.

2. Top Place to Invest in Largo, Florida - Heritage Village

Step back in time and discover the charm of Heritage Village, a 21-acre living history museum that showcases the rich cultural heritage of Pinellas County. This unique attraction offers Airbnb investors a chance to capitalize on the growing trend of experiential travel while benefiting from the area's affordable housing market and strategic location.

Heritage Village Airbnb Market Data:

• Average Revenue – $54.5K per year
• Average Daily Rate – $253.2 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $146.4

Convenience - 6/10

Heritage Village is situated in the heart of Largo, just off Walsingham Road and 119th Street North. While not directly adjacent to major highways, the village is still easily accessible by car, with ample parking available for visitors. The surrounding area offers a mix of residential neighborhoods and commercial establishments, providing guests with essential amenities within a short drive.

Tourist Attractions - 9/10

Heritage Village is the county's premier historical museum and a significant draw for tourists seeking an immersive and educational experience. The village features 33 historic structures, including a schoolhouse, church, and railroad depot, all carefully restored and furnished to represent different eras in Pinellas County's history. Visitors can explore the grounds, interact with costumed interpreters, and participate in hands-on activities and demonstrations.

Things to Do - 7/10

Heritage Village offers a variety of engaging activities for visitors of all ages. Guided tours, led by knowledgeable docents, provide insight into the lives of early settlers and the region's development. The village also hosts special events throughout the year, such as the annual Country Jubilee and Holiday Traditions celebration. While the attraction may not offer a wide range of activities, its unique historical focus and educational value make it a memorable experience for guests.

Average Home Prices - 8/10

According to Zillow, the median home price in Largo as of 2024 is $330,444, representing a 4.1% decrease from the previous year. This dip in prices presents an excellent opportunity for investors to acquire properties at a lower cost, with the potential for future appreciation as the market recovers. The median price per square foot in Largo is $262, which is relatively affordable compared to other areas in Florida, making it an attractive real estate investment for budget-conscious investors.

Proximity to Work-Related Travel - 5/10

Heritage Village is not particularly close to major work-related travel destinations such as hospitals, convention centers, or sports venues. The nearest hospital, Largo Medical Center, is approximately 5 miles away, while the Tampa Convention Center is a 30-minute drive. However, the village's central location within Largo makes it a convenient base for exploring the wider Tampa Bay area, offering diverse business and leisure opportunities.

X-Factor - 8/10

Its ability to transport visitors to a different era and provide a unique, immersive experience sets Heritage Village apart. The village's commitment to preserving and showcasing local history creates a sense of authenticity and charm that is hard to find in other attractions. For Airbnb investors, this unique selling point can help attract travelers seeking a more meaningful and memorable stay, setting their properties apart from the competition.

3. Top Place to Invest in Largo, Florida - Whispering Pines

Nestled within the Tampa/Clearwater/St. Petersburg metro area, Whispering Pines in Largo, Florida, offers an enticing blend of convenience, comfort, and community. This hidden gem presents an attractive opportunity for aspiring investors looking to start an Airbnb rental seeking a prime location with untapped potential in a thriving market.

Whispering Pines Airbnb Market Data:

• Average Revenue – $62.8K per year
• Average Daily Rate – $286.6 per night
• Average Occupancy Rate – 60%
• Average RevPAR – $170.2

Convenience - 8/10

Whispering Pines boasts an ideal location, providing easy access to major highways and a wealth of amenities. The community is situated near a variety of shops, restaurants, and local businesses, ensuring guests have everything they need within reach. With ample parking and well-maintained facilities, investors can expect a seamless experience for their renters.

Tourist Attractions - 6/10

While Whispering Pines itself may not be a primary tourist destination, its proximity to popular attractions in the Tampa Bay area makes it an appealing base for visitors. Guests can explore the nearby Florida Botanical Gardens, Pinellas County Heritage Village, and McGough Nature Park, all within a short drive from the community. However, the lack of on-site tourist attractions may limit the property's appeal to certain travelers.

Things to Do - 7/10

Largo and the surrounding areas offer diverse activities for visitors to enjoy. The Pinellas Trail, a popular linear park and recreation trail, runs through Largo, providing biking, walking, and rollerblading opportunities. Guests can also take advantage of the nearby beaches, parks, and cultural facilities, such as the Central Park Performing Arts Center. While Whispering Pines may not have an abundance of on-site activities, its location allows for easy access to various recreational options.

Average Home Prices - 8/10

According to Zillow, the median home price in Largo as of March 2024 is $330,444, representing a 4.1% decrease from the previous year. This dip in prices presents an excellent opportunity for investors to acquire properties at a lower cost, with the potential for future appreciation as the market recovers. The affordability of properties in Whispering Pines, combined with the growing demand for short-term rentals in the area, makes it attractive for those looking to purchase a home to transform into an Airbnb.

Proximity to Work-Related Travel - 7/10

Whispering Pines' location within the Tampa/Clearwater/St. Petersburg metro area positions it well for work-related travel. The community is situated near several hospitals, including Largo Medical Center, making it a convenient choice for healthcare professionals and visiting family members. While not in the immediate vicinity of convention centers or sports venues, Whispering Pines is within a reasonable driving distance, allowing for easy access to these destinations.

X-Factor - 7/10

What sets Whispering Pines apart is its strong sense of community and the warm, welcoming atmosphere it provides. The community's beautifully landscaped grounds and well-maintained facilities create an inviting environment for guests, fostering a sense of comfort and relaxation. Additionally, the growing popularity of Largo as a destination for short-term rentals, coupled with the affordability of properties in Whispering Pines, presents a unique opportunity for investors to capitalize on this emerging market.

4. Top Place to Invest in Largo, Florida - Shipwatch Yacht Club

Discover the epitome of waterfront living at Shipwatch Yacht Club, a gated community nestled along the picturesque Intracoastal Waterway in Largo, Florida. This hidden gem offers Airbnb and short-term rental investors a unique opportunity to capitalize on the growing demand for luxurious, water-centric accommodations in the Tampa Bay area.

Shipwatch Yacht Club Airbnb Market Data:

• Average Revenue – $71.4K per year
• Average Daily Rate – $325.8 per night
• Average Occupancy Rate – 60%
• Average RevPAR – $194.8

Convenience - 8/10

Shipwatch Yacht Club's prime location provides easy access to major highways, shopping centers, and a variety of local amenities. The community is just minutes away from the Indian Rocks Causeway, connecting residents and guests to the stunning Gulf Coast beaches. With its well-maintained facilities and ample parking, Shipwatch Yacht Club ensures a seamless experience for both investors and renters.

Tourist Attractions - 7/10

While Shipwatch Yacht Club itself is not a primary tourist attraction, its proximity to popular destinations in the Tampa Bay area makes it an appealing base for visitors. Guests can explore the nearby Florida Botanical Gardens, Clearwater Marine Aquarium, and the vibrant downtown St. Petersburg, all within a short drive from the community. The yacht club's waterfront location also provides fishing, boating, and wildlife spotting opportunities, adding to its allure.

Things to Do - 9/10

Shipwatch Yacht Club offers a wide range of activities for residents and guests to enjoy. The community features a heated swimming pool, tennis courts, and a state-of-the-art fitness center, promoting an active lifestyle. Boating enthusiasts will appreciate the private marina, which accommodates vessels up to 45 feet in length. The clubhouse serves as a gathering place for social events and community activities, fostering a sense of belonging among residents.

Average Home Prices - 6/10

According to Zillow, the median home price in Largo as of March 2024 is $330,444, representing a 4.1% decrease from the previous year. However, properties within Shipwatch Yacht Club tend to command higher prices due to their waterfront location and luxurious amenities. The average price for a condominium in the community is approximately $450,000, with some units reaching upwards of $700,000. While the initial investment may be higher compared to other areas in Largo, the potential for premium rental rates and steady demand from affluent travelers makes Shipwatch Yacht Club an attractive option for investors.

Proximity to Work-Related Travel - 6/10

Shipwatch Yacht Club's location in Largo places it within reasonable proximity to work-related travel destinations. The community is approximately 20 minutes from St. Petersburg-Clearwater International Airport and 30 minutes from Tampa International Airport, making it convenient for business travelers. While not in the immediate vicinity of major convention centers or sports venues, Shipwatch Yacht Club is within a 30-45 minute drive of these destinations, depending on traffic conditions.

X-Factor - 9/10

What sets Shipwatch Yacht Club apart is its unparalleled waterfront lifestyle and luxurious amenities. The community's private marina and direct access to the Intracoastal Waterway provide a unique selling point for investors targeting affluent travelers seeking a luxurious rental experience. The well-maintained grounds, resort-style amenities, and gated security create an exclusive atmosphere that appeals to discerning guests. Additionally, the growing popularity of water-centric accommodations in the Tampa Bay area positions Shipwatch Yacht Club as a prime investment opportunity for those looking to capitalize on this trend.

5. Top Place to Invest in Largo, Florida - Pinebrook Estate

Pinebrook Estate, a charming residential community in the heart of Largo, Florida, emerges as a hidden gem for starting short-term rental investments. This well-established neighborhood offers a perfect blend of convenience, affordability, and untapped potential, making it an attractive option for savvy investors looking to capitalize on the growing demand for vacation rentals in the Tampa Bay area.

Pinebrook Estate Airbnb Market Data:

• Average Revenue – $63.1K per year
• Average Daily Rate – $293.1 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $170.4

Convenience - 7/10

Situated just off Ulmerton Road, Pinebrook Estate provides easy access to major highways, shopping centers, and local amenities. Residents and guests can quickly reach the beautiful Gulf Coast beaches, with Indian Rocks Beach just a 15-minute drive away. The community's central location within Largo ensures that visitors have a wide range of dining, entertainment, and recreational options at their fingertips.

Tourist Attractions - 6/10

While Pinebrook Estate itself is not a primary tourist destination, its proximity to popular attractions in the Tampa Bay area makes it a convenient base for visitors. Guests can explore the nearby Florida Botanical Gardens, the Largo Central Park, and the Pinellas County Heritage Village, all within a short drive from the community. The estate's location also provides easy access to the many beaches, parks, and cultural attractions that make the region a popular tourist destination.

Things to Do - 6/10

Pinebrook Estate offers a peaceful residential setting with a focus on community living. The neighborhood features well-maintained sidewalks and streets, perfect for leisurely walks or bike rides. Residents and guests can enjoy the nearby Pinebrook Park, which offers a playground, picnic areas, and open green spaces for outdoor activities. While the community may not have an extensive range of on-site amenities, its location allows easy access to the many recreational opportunities available in Largo and the surrounding areas.

Average Home Prices - 8/10

According to Zillow, the median home price in Largo as of March 2024 is $330,444, representing a 4.1% decrease from the previous year. This dip in prices presents an excellent opportunity for investors to acquire properties at a lower cost, with the potential for future appreciation as the market recovers. Homes within Pinebrook Estate are generally more affordable than other Largo areas, with a median price of around $280,000. This affordability and the growing demand for short-term rentals in the area make Pinebrook Estate an attractive investment prospect.

Proximity to Work-Related Travel - 7/10

Pinebrook Estate's location in Largo provides convenient access to work-related travel destinations. The community is just a 10-minute drive from the Largo Medical Center and the Largo Mall, making it an ideal choice for healthcare professionals and business travelers. The St. Petersburg-Clearwater International Airport is approximately a 20-minute drive away, while Tampa International Airport can be reached within 30-40 minutes, depending on traffic conditions.

X-Factor - 7/10

What sets Pinebrook Estate apart is its unique combination of affordability, convenience, and community charm. The neighborhood's well-maintained homes, friendly atmosphere, and central location within Largo make it an appealing choice for visitors seeking a comfortable and authentic living experience. As the demand for short-term rentals continues to grow in the Tampa Bay area, investors who recognize the potential of this hidden gem can position themselves for success by offering quality accommodations at competitive rates.