Updated over 3 years ago on . Most recent reply
Miramar Beach, FL LTR Pricing
Long story but I've had a year long remodel finally come to completion. When I checked Zillow and other renting sites, there were very few properties for long-term rentals in Destin and Miramar. However, my house listed in late July and about 14 people have contacted me via Facebook Marketplace but mostly renters searching for a reduction in the price. According to comparables, rentometer, and Zillow, my house is fairly priced; especially because it's completely updated.
Is the LTR rental market in that area shifting? Zillow provided an analysis that 55% of renters were ISO houses $0-$2500 and 45% were ISO of units >$3500. I found it strange that no one would look between $2500-$3500.
Thanks for any feedback in advance!
Most Popular Reply
Hey @Kyle A. Isaacs I would reach out to Amanda Scooler over at Newman Daily Properties. They do a ton of LTR Property Management in that area. She knows the area for LTRs well and can definitely give you some solid insights, I'll DM you her contact info.