1. Barrier Island Proximity Drives Booking Performance Oceanfront and oceanview properties consistently outperform inland inventory. The S. Atlantic Avenue corridor (Daytona Beach Shores → Ponce Inlet) and Flagler Beach oceanfront are the highest-performing micro-markets in the region. Strategic Considerations for Coastal STR Buyers 2. HOA Rules Often Change - Always Confirm Current Status Condo associations vote regularly to tighten or loosen STR allowances. Pull the most recent rules, regs, and any pending amendments before underwriting. A 'STR-eligible' building today may amend in 90 days. 3. Insurance Premiums Differ Materially for STR Use Standard HO-3 policies often exclude commercial / rental activity. Plan for DP-3 with business pursuits endorsement or a dedicated STR carrier. Quotes are property-specific — get them during your due diligence period. 4. Operating Illegally Carries Real Financial Risk Daytona Beach fines reach $15,000 per listing. New Smyrna Beach actively monitors platforms. Volusia County 30-day rule enforcement has been upheld in court. Cease-and-desist + back-tax exposure is real. 5. Non-Compliance Can Force Resale If Projected Income Doesn't Pencil Buyers who underwrite to nightly STR revenue and then find the property is restricted to 6-month leases face cash-flow shortfalls that typically force resale at a loss. Verify FIRST, underwrite SECOND.
386.214.6714 • www.CoastalVentures.us • Ashley@CoastalVentures.us
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