Monday Market Data: Breakdown of West Palm, FL Amenities Market
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In this week's Monday Market Data Report, Mark Lumpkin breaks down the short-term rental market in West Palm Beach, Florida, combining bedroom-count revenue data with amenity-stack analysis to show investors exactly where the biggest opportunities exist.
West Palm continues to see strong tourism growth, with more than 10 million annual visitors and growing demand fueled by major corporate relocations from cities like New York, Philadelphia, and Washington D.C.
In this episode, Mark covers:
• Revenue potential by bedroom count
• Why 4, 5, and 6-bedroom homes dramatically outperform smaller properties
• The amenity combinations driving $200,000+ annual revenue
• What amenities are becoming mandatory in the market
• How investors can still stand out from the competition
Key takeaways:
- 4-bedroom properties average over $100K annually
- 6-bedroom properties average more than $200K annually
- Top performers can exceed $300K+ per year
- Pool + Hot Tub + Waterfront is the highest-performing amenity combination
- Only 4% of properties have pickleball courts
- Less than 1% have movie theaters
If you're investing in South Florida, this episode provides a roadmap for building a high-performing STR that stands out in a growing market.
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