Investment Guide · 2026-06-21

Best Airbnb-Friendly Condos in Miami 2026: No Rental Restriction Pre-Construction Guide

Miami has some of the most STR-friendly pre-construction condos in the U.S. — but not all buildings allow short-term rentals. This guide covers the best new developments with no rental restrictions, projected yields, and what to watch out for before you buy.

By Condo Invest Miami Research · Editorial & market research · 11 min read

Why Miami Is One of the Best STR Markets in the U.S.

Miami’s combination of year-round warm weather, international tourism, major events (Art Basel, Ultra, Formula 1), and a growing remote-work population creates relentless short-term rental demand. Average daily rates in Miami Beach and Brickell routinely exceed $300–$500 during peak season, and occupancy rates for well-managed units hover between 65–80% annually.

The catch: most luxury condo buildings in Miami prohibit short-term rentals entirely, or restrict minimum lease terms to 30, 60, or even 180 days. Buy into the wrong building and you wipe out your rental income plan.

This guide lists the best new pre-construction condos in Miami that explicitly allow short-term rentals — with no minimum lease restrictions — and provides projected yields, neighborhood context, and the due diligence you must run before you sign.

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What “No Rental Restrictions” Actually Means

Before you evaluate projects, know what STR-friendly looks like in practice:

• No minimum lease term: You can rent nightly, weekly, or monthly via Airbnb, VRBO, or your own booking system.
• Hotel-zoned or mixed-use zoning: The building sits in a zone that permits transient occupancy (typically T6 or hotel-commercial zoning in Miami-Dade).
• HOA/condo docs allow it: Even in STR-friendly zones, the condo association’s declaration of condominium must permit short-term rentals — always verify the actual docs, not just marketing materials.
• City/county licensing: Miami Beach requires a Business Tax Receipt and a short-term rental license. Unincorporated Miami-Dade has its own registration process. Compliance is the buyer’s responsibility.

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The Best STR-Friendly Pre-Construction Condos in Miami 2026

1. Palma Miami Beach — North Beach, Miami Beach

Price: From $650,000 | Delivery: Late 2027 | Units: 126

Palma is the most accessible STR-friendly pre-construction option in Miami Beach. Located at 600 71st Street in North Beach, the 14-story building by Lefferts offers 126 fully furnished units — including 7 penthouses — with no rental restrictions. Units range from 405 SF studios to 1,342 SF penthouses, all delivered turnkey with Studio Ramirez interiors.

Starting at $650K and positioned near 71st Street dining and the beach, Palma targets investor-occupiers seeking flexibility. The building’s LEED Gold certification and Cervera sales team strengthen its credibility.

Projected STR yield: 5–7% gross annually (based on comparable North Beach buildings) Best for: First-time Miami investor, budget-conscious buyer, short-stay pied-à-terre

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2. Eden Residences Ojus — Ojus (North Miami Beach)

Price: From $570,000 | Delivery: Late 2027 | Units: 32

Eden Residences is a boutique 10-story building in Ojus — the emerging neighborhood between Aventura and Sunny Isles Beach — developed by Growin Group. The 32-unit building explicitly allows short-term rentals, making it one of the most affordable STR-approved options in the Miami metro.

Units start at 1BR/1BA at 467 SF (from $570K) and go up to 2BR/2BA at 1,076 SF, plus two penthouses at 2,672 SF. The building was approximately 30% pre-sold at groundbreaking, with $10K+ developer incentives available. Proximity to Brightline’s Aventura station (5 min) and Aventura Mall (10 min) gives it strong appeal to both leisure and business travelers.

Projected STR yield: 5.5–7.5% gross annually Best for: Value-focused investor, Aventura/Sunny Isles market entry, small portfolio diversification

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3. THE WELL Bay Harbor Islands — Bay Harbor Islands

Price: From $1,200,000 | Delivery: 2026 | Units: 54

THE WELL pairs a luxury residential product with an explicit STR policy — a rare combo at the high end. The 54-unit building in Bay Harbor Islands is developed by Terra and branded by THE WELL (the New York wellness club), offering residents and guests access to a full spa, fitness programming, and a wellness concierge.

Units range from 1BR to 3BR, with prices from $1.2M. The wellness branding supports a pricing premium for short-term stays, since health-conscious travelers often pay above-market rates for curated programming. Delivery is expected in 2026.

Projected STR yield: 4.5–6% gross annually (premium positioning supports higher ADR) Best for: Wellness-focused investor, Bay Harbor Islands market, premium STR positioning

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4. 72 Park — North Beach, Miami Beach

Price: From $700,000 | Delivery: Completed 2024 | Units: 259

72 Park is the completed sister building to 72 Carlyle, also by Lefferts, located directly across the street at 7242 Collins Avenue. The building allows short-term rentals and is already generating STR income for owners. With 259 units delivered and an active rental market established, 72 Park offers the lowest-risk STR entry point in North Beach.

Completed buildings with an STR track record are easier to finance and insure than pre-construction projects. If you want income now and no construction risk, 72 Park is the benchmark.

Projected STR yield: 5–6.5% gross annually (actual data available from existing owners) Best for: Risk-averse investor, immediate income, North Beach market

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STR Yield Comparison Table

Project · Location · Price From · Delivery · STR Allowed · Est. Gross Yield

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Palma Miami Beach · North Beach · $650K · Late 2027 · Yes · 5–7%

Eden Residences · Ojus · $570K · Late 2027 · Yes · 5.5–7.5%

THE WELL Bay Harbor · Bay Harbor Islands · $1.2M · 2026 · Yes · 4.5–6%

72 Park · North Beach · $700K · Completed · Yes · 5–6.5%

*Yield estimates are based on comparable buildings and market data. Actual results vary based on management, seasonality, and unit configuration. Not investment advice.*

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What to Verify Before Buying an STR-Friendly Condo

1. Read the Declaration of Condominium, not just the brochure. Developer marketing often promises “no rental restrictions,” but the declaration can impose minimum lease terms. Have a real estate attorney review the declaration before you sign.

2. Check the zoning. Miami Beach’s STR regulations are neighborhood-specific. Some areas (like parts of South Beach) have additional restrictions beyond what the building permits.

3. Understand the HOA fee structure. Buildings that allow STRs often carry higher HOA fees to cover extra wear, concierge services, and management overhead. Include this in your yield math.

4. Confirm the building’s STR management options. Some buildings force owners into an in-house rental program that takes 30–40% of revenue. Others allow independent managers. Know which model applies before you buy.

5. Pre-construction STR rights can change. Developer promises about STR flexibility are not always binding on future HOA boards. Prioritize buildings where STR rights are embedded in the condo docs, not only in sales materials.

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The Bottom Line

Miami’s STR market remains one of the strongest in the U.S., but truly STR-friendly luxury pre-construction supply is limited. These four projects represent the best current opportunities across price points, neighborhoods, and risk profiles.

Want yield over appreciation? Eden Residences and Palma Miami Beach are the best entry points. Want brand premium and wellness positioning? THE WELL Bay Harbor Islands stands alone. Want an established STR track record with no construction risk? 72 Park is the benchmark.

The constant: all four allow short-term rentals, all four sit in high-demand Miami submarkets, and all four are priced below the $2M threshold that defines the most liquid segment of the Miami investor market.

Read more Miami real estate research