Performance indicators for the Key Largo short-term rental market based on reliable data.
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The highest-performing listings in Key Largo.
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Generally Investor friendly
Largo explicitly allows STRs citywide in residential areas with clear compliance framework. The permitting process requires multiple inspections ($100 fire safety fee) and has moderate operational rules (occupancy limits, parking requirements, responsible party obligations), but costs and requirements are manageable with predictable compliance. The city provides comprehensive guidance and structured processes, making compliance achievable for investors.
Local STR Agent
STR specialist · Key Largo, FL
Key Largo, Florida, is a popular tourist destination located in the Florida Keys archipelago. Known as the "Diving Capital of the World," this island community offers a rich blend of natural beauty, water activities, and a relaxed tropical atmosphere. Key Largo has a modest permanent population of approximately 10,000 residents, but this number swells with visitors throughout the year. The island is situated about 60 miles south of Miami, making it a convenient getaway from the city's hustle and bustle.
The city's prime attraction is its proximity to some of the best diving and snorkeling spots in the nation, particularly within the John Pennekamp Coral Reef State Park, the first underwater park in the United States. More information about the park can be found here.
Other notable landmarks include the African Queen Canal Cruise, where visitors can ride on the actual steamboat used in the 1951 Humphrey Bogart film "The African Queen"—details can be found here. For nature enthusiasts, the Dagny Johnson Key Largo Hammock Botanical State Park offers hiking trails and a glimpse of the region's native flora and fauna, more of which can be explored here.
Given its vibrant tourism-driven economy, short-term rentals are in high demand in Key Largo. The city is well-suited for these types of accommodations as they provide flexible, home-like environments for families, diving enthusiasts, or individuals seeking a tranquil retreat. The popularity of short-term rentals is bolstered by the abundance of activities, dining options, and the overall charm of the locale. Official information on Key Largo tourism can be found on the area's Chamber of Commerce website here.
Thus, Key Largo's unique blend of natural allure, accessible location, and abundant recreational options make it an ideal spot for short-term rentals, catering to a diverse range of visitors from around the globe.