If you are searching for a real estate investment in Anna Maria City and you are interested in earning rental income on your investment then look no further. The following Anna Maria City rental information is intended to help buyers with zoning and deed restriction information. Frankly Anna Maria City as well as Bradenton Beach are significantly different than Holmes Beach when it comes to zoning and rentability. Let’s first make sure we define “Anna Maria City” property areas. Anna Maria City property starts at Beach Avenue and angles it’s way to the South East along White avenue then follows a trajectory backwards towards Oak. Best bet, consult the zoning map posted at Anna Maria City Hall. For convenience I have provided the most recent Anna Maria Zoning map. When reviewing the map, take note of Residential, Retail over Residential and Commercial zones in Anna Maria City.
Zoning: With the exception of Residential over Retail (ROR) and Commercial zones which are primarily along Pine avenue and Gulf Drive, rental options for your potential Anna Maria City property are relatively easy. Anna Maria City allows for nightly rentals. Please be aware, while the city allows for nightly occupancy I strongly suggest that frequency is not followed. Nightly rentals can cause a significant disturbance in the community. I strongly suggest when purchasing any real property on Anna Maria Island that all income considerations are done using weekly rental estimates. If you wish to rent in longer periods of time such as monthly or annually all section of Anna Maria City are open to such rentals with little to no restrictions.
Deed Restrictions; location and new construction: It is important to note there are several areas within Anna Maria City which have deed restrictions which do limit both the number of times the real property can be rented as well as the length of time. Most location Deed restrictions are located along the beach. Unfortunately there is another set of restrictions which are more random throughout the City of Anna Maria. Several years back, Anna Maria City provided permits to build for mostly homes larger than 4 bedrooms if the owner signed a deed restriction which limited the frequency the property could be rented. The seller and real estate professional must disclose this information however it is best to ask during your review of the property are in place. If Deed restrictions are provided to you at time of contract it is imperative you seek legal advice to review all restrictions to assure you may use your new found property as intended.
Occupancy Restrictions: So we have established most of the City of Anna Maria can be rented weekly, monthly and annually. There are some exceptions but 95% of Anna Maria City property has significant availability to rent. There is one last set of circumstances to be concerned with, Occupancy restrictions. Anna Maria City currently allows for two occupants per legal bedroom up to a 4 bedroom property. For less than 4 bedrooms there is latitude to allow an additional 2 occupants. Beyond 8 occupants there are limited options for weekly rentals in Anna Maria City. The bottom line, if you are serious about seasonal renting and you are considering an Anna Maria City property then it is critical you research the occupancy allowed for the specific property. Allowed occupancy is not zone related in Anna Maria City but litigation related. If the property owner filed Bert Harris litigation in 2016 or beyond and won, that specific property will be grandfathered to allow for more occupancy than standard. Of course occupancy and seasonal rental income have a direct relationship. More occupancy typically provides for more income. Less occupancy allowed means less income.
Anna Maria City Real Estate professional: Hopefully our Anna Maria City Rental information provides an idea that a little knowledge can be very dangerous when purchasing a property in Anna Maria city as well as Anna Maria Island. Please be sure you utilize an experienced Anna Maria Island real estate sales professional. No weekend warriors allowed! Do not utilize a friend located in another area of Florida to save a little commission or “throw them a bone.” I have numerous horror stories that a new owner’s intention for a property was not allowed because experienced professionals were not used during the buying process. This can happen to you! It all starts with a real estate sales professional that provides accurate information as well as referrals to local experienced general contractors, bankers, inspectors, accountants and lawyers. Sure, your best bet is just to utilize an Island Real Estate sales professional however if you want to perform your own research then visit our blog to help find the right Anna Maria Island sales professional.
I hope my Anna Maria city rental information page is helpful in assuring you find your “peace of paradise.” Here is a link to the Anna Maria City Vacation Rental information however I would caution if this is your primary plan to assure you purchase the right piece of Anna Maria City property, stop NOW. Your strategy is flawed. Don’t go it alone, you need a LOCAL real estate professional to help in your search.
Thanks for visiting – Larry Chatt