A Complete STR Investment Breakdown for Smart Buyers
Miami continues to rank among the strongest short-term rental (STR) markets in the U.S., driven by year-round tourism, international demand, and limited supply of Airbnb-friendly condo buildings. But not all developments are created equal.
One project drawing serious attention from investors is Seven Park Residences, a new mixed-use development in Hallandale Beach positioned directly between Aventura and Sunny Isles.
Marketed as short-term rental friendly, Seven Park promises flexibility, modern amenities, and strong income potential, but smart investors know marketing alone isn’t enough.
This guide breaks down Seven Park Residences as a short-term rental investment, including:
- STR legality and HOA rules
- Pricing and operating costs
- Rental income potential
- Location and demand drivers
- Risks vs rewards
- How it compares to similar Miami STR buildings
If you’re asking whether Seven Park Residences is actually a smart Airbnb investment in Miami, this article gives you the full picture.
What Is Seven Park Residences?
Seven Park Residences is an 8-story, 124-unit mixed-use development located in Hallandale Beach, Florida. The project is designed with short-term rentals in mind, a rare and valuable feature in South Florida’s tightening regulatory environment.
Key Project Highlights
- Studio to 3-bedroom residences (approx. 500–1,647 sq ft)
- Private balconies in every unit
- 10-foot floor-to-ceiling windows
- Bosch appliances & Mia Cucina cabinetry
- Resort-style amenities
- Ground-floor retail and coworking spaces
- Short-term rentals permitted
Pricing Snapshot
- Studios from ~$399,000
- 1 Bedrooms from ~$450,000
- 2 Bedrooms from ~$600,000
- 3 Bedrooms from ~$1.13M
For Miami-area STR investors, the combination of entry pricing + rental flexibility immediately sets Seven Park apart.
Why Location Matters for Short-Term Rentals
Seven Park’s biggest advantage is where it sits, not just what it offers.
Strategic Positioning
Seven Park bridges:
- Aventura (luxury retail & dining)
- Hallandale Beach (walkable, evolving, investor-friendly)
- Sunny Isles Beach (high-end tourism demand)
Proximity to Demand Drivers
- 5 minutes to Hallandale Beach
- 10 minutes to Aventura Mall
- Walkable to Gulfstream Park (casino, dining, events)
- Easy access to I-95 and major highways
- Close to Brightline transit
- Near future large-scale developments and urban revitalization
Are Short-Term Rentals Legal at Seven Park Residences?
This is where Seven Park stands out.
STR Rules & HOA Structure
- Short-term rentals are allowed
- No minimum stay requirements
- No cap on rental frequency
- Designed as an STR-friendly building from inception
In a market where many Miami condos ban or restrict Airbnb, this clarity dramatically reduces regulatory risk.
City Compliance (Hallandale Beach)
Owners must:
- Register for a city STR license
- Obtain a Business Tax Receipt
- Follow occupancy rules (4 guests per bedroom)
- Collect and remit state and county lodging taxes
Hallandale Beach is widely regarded as one of the most STR-friendly cities in South Florida, making it a strong alternative to stricter Miami submarkets.
HOA Fees & Operating Costs: The “Hidden” Side
No STR investment is just about revenue. Understanding costs upfront is critical.
HOA Fees
Seven Park HOA fees are approximately $1.03–$1.20 per square foot, which is competitive for a resort-style building.
What HOA covers:
- Resort amenities (pool, spa, fitness, saunas, cold plunge)
- Common area maintenance
- Security and building operations
Higher HOA fees can reduce monthly cash flow—but in STR investing, amenities directly drive bookings and rates.
Additional Operating Costs
Investors should plan for:
- Property taxes (~1.5–2% annually)
- Insurance
- Utilities
- Cleaning & turnover costs
- STR management fees (typically 15–30%)
The key metric isn’t low expenses. It’s net performance.
Rental Income Potential at Seven Park Residences
Market Benchmarks (Hallandale Beach)
- Average occupancy: ~70–75%
- Strong winter and event-driven peaks
- Consistent year-round tourism
Estimated Nightly Rates (Market-Based)
- Studios: ~$250–$325/night
- 1BR: ~$325–$425/night
- 2BR: ~$500–$650/night
- 3BR: $800+/night (group travel premium)
Large units perform especially well due to:
- Group and family travel
- Cost savings vs hotels
- Longer average stays
Why Amenities Matter
Resort-style amenities:
- Increase booking velocity
- Improve reviews
- Reduce reliance on discounting
- Support higher nightly rates
In STR markets, experience sells as much as location.
Seven Park vs Other STR-Friendly Miami Condos
| Factor | Seven Park Residences | Typical Miami Condo |
| STR Allowed | Yes | Often restricted |
| Entry Price | Lower | Higher |
| HOA Fees | Moderate | Often higher |
| Amenities | Resort-level | Varies |
| Regulatory Risk | Lower | Higher |
| Guest Appeal | High | Inconsistent |
The Rewards of Owning at Seven Park
When structured properly, Seven Park offers:
- STR flexibility in a restrictive market
- Strong rental demand near beaches and attractions
- Competitive entry pricing
- Resort amenities that support premium rates
- Long-term appreciation tied to Hallandale’s redevelopment
This combination is difficult to replicate elsewhere in Miami.
The Risks Investors Should Understand
Seven Park is not a “set-and-forget” investment.
Potential challenges include:
- Higher HOA compared to non-resort condos
- Need for professional management
- Market competition from other STR units
- Exposure to tourism cycles
Successful owners treat Seven Park as a hospitality asset, not a passive rental.
Who Seven Park Is (and Isn’t) Right For
Best Fit For:
- STR-focused investors
- Buyers seeking Airbnb-friendly condos in Miami
- Investors prioritizing flexibility and guest demand
- Owners using professional management
Not Ideal For:
- Buyers seeking ultra-low monthly expenses
- Hands-off ownership without management
- Long-term rental–only strategies
Is Seven Park Residences a Smart STR Investment?
Seven Park Residences stands out because it solves one of Miami’s biggest STR problems: uncertainty.
With clear short-term rental approval, strong location fundamentals, competitive pricing, and experience-driven amenities, Seven Park offers real upside provided investors enter with realistic expectations and the right strategy.
The question isn’t whether Seven Park has costs.
Every STR does.
The real question is whether the flexibility, income potential, and long-term positioning outweigh those costs.
For many Miami STR investors, the answer is yes.
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