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Airbnb City Guide: The Best Places To Invest in St. Petersburg, Florida
Written by:
Jeremy Werden
April 16, 2024
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Airbnb Rules and Regulations in St. Petersburg, Florida
As of 2024, Airbnb hosts in St. Petersburg must adhere to a set of rules and regulations to legally operate their short-term rental properties. Hosts are required to obtain a valid vacation rental certificate from the city and display it prominently on their listing regardless of the rental booking site they are using. Additionally, they must collect and remit the applicable taxes, including the 6% Florida state sales tax and the 5% Pinellas County tourist development tax.
To ensure the safety and well-being of guests, hosts must comply with occupancy limits, noise restrictions, and parking regulations specific to their property's zoning. Furthermore, hosts are responsible for maintaining their rental properties in accordance with local building, health, and safety codes. Failure to comply with these regulations may result in fines, penalties, or the revocation of the vacation rental certificate. By staying informed and adhering to these guidelines, Airbnb hosts in St. Petersburg can provide their guests a safe and enjoyable experience while contributing positively to the local community and economy.
St.Petersburg Airbnb Market Data:
- Average Revenue – $138.5K per year
- Average Daily Rate – $771.5 per night
- Average Occupancy Rate – 58%
- Average RevPAR – $445.9
- Average Home Prices – $381,107
1. Top Place to Invest in St. Petersburg, Florida - Southwest
Southwest St. Petersburg, a vibrant and diverse neighborhood, has emerged as a prime location for investors seeking to transform a home into a profitable rental venture in the Sunshine City. With its unique blend of residential charm, convenient location, and growing popularity among tourists, Southwest offers a compelling opportunity for those looking to capitalize on the short-term rental market.
Southwest Airbnb Market Data:
- Average Revenue – $40.5K per year
- Average Daily Rate – $237.1 per night
- Average Occupancy Rate – 60%
- Average RevPAR – $139.5
Convenience - 7/10
Southwest St. Petersburg provides a convenient location for both residents and visitors. The area is well-connected to major highways, making accessing other parts of the city and beyond easy. Public transportation options, including bus routes and the nearby Central Avenue Trolley, offer additional convenience for those without a car.
Tourist Attractions - 6/10
While Southwest may not boast the same number of tourist attractions as some other areas of St. Petersburg, it still offers a few notable points of interest. The Boyd Hill Nature Preserve, a 245-acre park with hiking trails, a lake, and a variety of wildlife, is a popular spot for nature enthusiasts. The Dali Museum, featuring the world's largest collection of works by Salvador Dali, is just a short drive away.
Things to Do - 7/10
Southwest St. Petersburg offers a range of activities for residents and visitors alike. The area is home to several parks, including Bartlett Park and Childs Park, which provide ample green space for outdoor recreation. The nearby Grand Central District features a variety of local shops, restaurants, and bars, offering a taste of the city's unique culture and cuisine.
Average Home Prices - 8/10
According to Zillow data for 2024, the median home value in Southwest St. Petersburg is $295,000, which represents a 6.8% appreciation over the past year. This relatively affordable price point, combined with the area's growing popularity and potential for further appreciation, makes it an attractive option for Airbnb investors looking to maximize their return on investment.
Proximity to Work-Related Travel - 7/10
Southwest St. Petersburg is conveniently located near several major employers and work-related destinations. Bayfront Health St. Petersburg, a 480-bed hospital, is just a short drive away, making the area a popular choice for traveling healthcare professionals. The Mahaffey Theater and the Duke Energy Center for the Arts, both located nearby, attract a variety of conventions, conferences, and performances throughout the year.
X-Factor - 8/10
What sets Southwest St. Petersburg apart is its unique blend of residential charm and urban convenience. The area features a mix of historic bungalows, mid-century modern homes, and newer construction, creating a diverse and visually appealing neighborhood. The strong sense of community, coupled with the area's proximity to the vibrant Grand Central District, makes Southwest an increasingly desirable location for both residents and visitors.
2. Top Place to Invest in St. Petersburg, Florida - Bay Pines
Nestled in the western part of St. Petersburg, Bay Pines is a serene and welcoming community that has been gaining attention from Airbnb investors. With its proximity to the Gulf of Mexico, excellent healthcare facilities, and a growing number of attractions, Bay Pines offers a unique investment opportunity for those seeking to jump into the short-term rental market.
Bay Pines Airbnb Market Data:
- Average Revenue – $54.8K per year
- Average Daily Rate – $286.1 per night
- Average Occupancy Rate – 66%
- Average RevPAR – $186.2
Convenience - 6/10
Bay Pines is located just off I-275, providing easy access to other parts of St. Petersburg and the Tampa Bay area. However, public transportation options are somewhat limited, which may be a drawback for some visitors. The area is primarily residential, with a few local shops and restaurants scattered throughout the neighborhood.
Tourist Attractions - 5/10
While Bay Pines itself does not have many tourist attractions, its proximity to the Gulf of Mexico and nearby beaches makes it an attractive option for visitors seeking a quieter, more relaxed vacation experience. The Bay Pines VA Healthcare System, a large medical complex, is the most notable landmark in the area.
Things to Do - 5/10
Bay Pines offers a handful of recreational activities, mainly centered around outdoor pursuits. The War Veterans Memorial Park, located on the shores of Boca Ciega Bay, features a fishing pier, a boat ramp, and picnic areas. Golfers can enjoy the nearby Mainlands Golf Club, a public course with 18 holes and a driving range.
Average Home Prices - 7/10
According to Zillow data for 2024, the median home value in Bay Pines is $320,000, representing a 5.2% appreciation over the past year. While slightly higher than the median home value in Southwest St. Petersburg, Bay Pines still offers relatively affordable prices compared to other areas of the city, making it an attractive option for Airbnb investors.
Proximity to Work-Related Travel - 8/10
Bay Pines is home to the Bay Pines VA Healthcare System, the fourth-largest VA healthcare system in the United States. This massive medical complex attracts a significant number of veterans, healthcare professionals, and visitors throughout the year, providing a steady stream of potential short-term rental guests.
X-Factor - 7/10
Its unique combination of residential tranquility and proximity to healthcare facilities sets Bay Pines apart. The area's quiet streets and well-maintained homes create a peaceful atmosphere that appeals to visitors seeking a more low-key experience. Additionally, the presence of the Bay Pines VA Healthcare System provides a reliable source of potential guests, particularly those visiting loved ones receiving medical care.
3. Top Place to Invest in St. Petersburg, Florida - Tierra Verde
Tierra Verde, a picturesque island community located just south of St. Petersburg, has been capturing the attention of Airbnb investors with its stunning natural beauty, upscale amenities, and prime location. This tropical paradise offers a unique blend of exclusivity and accessibility, making it an attractive option for those seeking to invest in the short-term rental market.
Tierra Verde Airbnb Market Data:
- Average Revenue – $40.7K per year
- Average Daily Rate – $242.8 per night
- Average Occupancy Rate – 63%
- Average RevPAR – $152
Convenience - 7/10
Despite its island location, Tierra Verde is surprisingly convenient. The community is connected to the mainland by the Pinellas Bayway, providing easy access to St. Petersburg and the surrounding areas. While public transportation options are limited, most visitors to Tierra Verde tend to arrive by car, making this a minor concern for Airbnb investors.
Tourist Attractions - 8/10
Tierra Verde's main attraction is its stunning natural beauty. The island is home to Fort De Soto Park, a 1,136-acre park that features five interconnected islands, miles of white sandy beaches, and a historic fort. Visitors can enjoy swimming, fishing, kayaking, and birdwatching activities in this pristine coastal environment.
Things to Do - 8/10
In addition to the outdoor recreational activities offered by Fort De Soto Park, Tierra Verde boasts a variety of other attractions. The island is home to several upscale restaurants offering fresh seafood and stunning waterfront views. Golfers can enjoy the nearby Isla Del Sol Yacht & Country Club, a private golf course with 18 holes and breathtaking vistas of Boca Ciega Bay.
Average Home Prices - 6/10
According to Zillow data for 2024, the median home value in Tierra Verde is $750,000, representing a 4.5% appreciation over the past year. While this price point is significantly higher than other areas of St. Petersburg, it reflects the exclusive nature of the island community and its high-end amenities. Airbnb investors should carefully consider their budget and expected return on investment when exploring opportunities in Tierra Verde. However, it can be an excellent location for an Airbnb luxe investment if appropriately researched.
Proximity to Work-Related Travel - 5/10
Tierra Verde is primarily a residential and vacation destination, with limited proximity to major work-related travel hubs. The nearest hospital, St. Anthony's Hospital, is located about 9 miles away in St. Petersburg. The island is also a considerable distance from the city's main convention centers and sports venues, which may be a drawback for some Airbnb investors.
X-Factor - 9/10
What sets Tierra Verde apart is its unparalleled natural beauty and exclusive island atmosphere. The community's upscale amenities and access to the stunning Fort De Soto Park create a truly unique and desirable destination for visitors. Airbnb investors who capitalize on this high-end market may find Tierra Verde a lucrative opportunity.
4. Top Place to Invest in St. Petersburg, Florida - St. Pete Beach
St. Pete Beach, a captivating coastal town just west of St. Petersburg, has emerged as a premier destination for Airbnb investors seeking to capitalize on the area's thriving tourism industry. St. Pete Beach offers a compelling investment opportunity for those looking to enter the Airbnb rental market with its pristine white sandy beaches, vibrant entertainment scene, and laid-back tropical ambiance.
St. Pete Beach Airbnb Market Data:
- Average Revenue – $58.3K per year
- Average Daily Rate – $322.5 per night
- Average Occupancy Rate – 62%
- Average RevPAR – $192.3
Convenience - 8/10
St. Pete Beach is conveniently located just a short drive from downtown St. Petersburg and is easily accessible via the Pinellas Bayway and Gulf Boulevard. The Pinellas Suncoast Transit Authority serves the town, providing bus service to and from St. Petersburg and other nearby communities. Visitors can also easily access the area by car, with ample parking available at most beaches and attractions.
Tourist Attractions - 9/10
The main draw of St. Pete Beach is, of course, its stunning beaches. The town boasts miles of pristine white sand, crystal-clear waters, and abundant sunshine, making it a paradise for beachgoers and water sports enthusiasts. In addition to its beaches, St. Pete Beach is home to several popular attractions, including the historic Don CeSar Hotel, the Pass-a-Grille Historic District, and the Gulf Beaches Historical Museum.
Things to Do - 9/10
St. Pete Beach offers a wide range of activities for visitors of all ages and interests. In addition to swimming, sunbathing, and water sports, visitors can enjoy fishing, golfing, and exploring the town's many shops, restaurants, and bars. The town also hosts a variety of local annual events and festivals, including the St. Pete Beach Seafood & Music Festival and the St. Pete Beach Kite Festival, bringing plenty of visitors to the area.
Average Home Prices - 6/10
According to Zillow data for 2024, the median home value in St. Pete Beach is $850,000, representing a 3.8% appreciation over the past year. While this price point is significantly higher than the median home value in St. Petersburg, it reflects the desirability of the area and its prime beachfront location. Airbnb investors should carefully consider their budget and expected return on investment when exploring opportunities in St. Pete Beach.
Proximity to Work-Related Travel - 6/10
While St. Pete Beach is primarily a vacation destination, it is located within reasonable proximity to several work-related travel hubs. The town is just a 20-minute drive from St. Anthony's Hospital in St. Petersburg and is also relatively close to the city's main convention centers and sports venues. However, investors should keep in mind that most visitors to St. Pete Beach are likely to be leisure travelers rather than business travelers.
X-Factor - 9/10
St. Pete Beach's unbeatable combination of natural beauty, laid-back charm, and vibrant beach culture sets it apart. The town's stunning beaches, combined with its wide range of attractions and activities, make it a top destination for visitors from around the world. Airbnb investors who can tap into this thriving market may find St. Pete Beach to be a highly lucrative opportunity.
5. Top Place to Invest in St. Petersburg, Florida - Holiday Park
Holiday Park, a charming and well-established neighborhood in the heart of St. Petersburg, has been gaining attention from Airbnb investors looking for a solid investment opportunity. With its convenient location, affordable home prices, and proximity to popular attractions, Holiday Park offers a compelling case for those seeking to enter the short-term rental market in this thriving city.
Holiday Park Airbnb Market Data:
- Average Revenue – $34.1K per year
- Average Daily Rate – $204.8 per night
- Average Occupancy Rate – 60%
- Average RevPAR – $117.4
Convenience - 8/10
One of Holiday Park's greatest strengths is its convenient location. Situated just minutes from downtown St. Petersburg, the neighborhood offers easy access to the city's main thoroughfares, including I-275 and US-19. Visitors can also take advantage of the Pinellas Suncoast Transit Authority's bus service, which provides convenient connections to other parts of the city.
Tourist Attractions - 7/10
While Holiday Park is primarily residential, it is close to several popular tourist attractions. The world-renowned Salvador Dali Museum houses the largest collection of the artist's works outside of Spain and is just a short drive away. Visitors can also easily access the city's beautiful beaches, including St. Pete Beach and Clearwater Beach, both of which are consistently ranked among the best beaches in the United States.
Things to Do - 7/10
Holiday Park's central location puts it within easy reach of a wide range of activities and attractions. In addition to the nearby beaches and museums, visitors can enjoy shopping and dining in downtown St. Petersburg, catching a Tampa Bay Rays game at Tropicana Field, or exploring the city's many parks and green spaces. The neighborhood itself is also home to several local restaurants and shops, providing convenient options for visitors.
Average Home Prices - 8/10
According to Zillow data for 2024, the median home value in Holiday Park is $350,000, representing a 5.5% appreciation over the past year. This relatively affordable price point, combined with the neighborhood's convenient location and strong rental demand, makes it an attractive option for Airbnb investors looking to maximize their return on investment.
Proximity to Work-Related Travel - 7/10
Holiday Park's central location makes it a convenient choice for visitors traveling for work-related purposes. The neighborhood is just a short drive from several major employers, including Bayfront Health St. Petersburg and Johns Hopkins All Children's Hospital. It is also relatively close to the city's main convention centers and sports venues, including the Mahaffey Theater and Tropicana Field.
X-Factor - 7/10
What sets Holiday Park apart is its unique blend of affordability, convenience, and charm. The neighborhood's well-maintained homes and quiet streets create a welcoming atmosphere for visitors, while its proximity to downtown St. Petersburg and popular attractions provides ample opportunities for exploration and entertainment. Airbnb investors who capitalize on this combination of factors may find Holiday Park a solid investment opportunity.
⚡️
Reveal your property's rental profitability
Buy this property and list it on Airbnb.