Cost Segregation in Miami
Miami's Airbnb market runs on two engines: the year-round tourist draw of South Beach, Wynwood, and Brickell, and the seasonal snowbird migration that fills longer-term rentals from November through April. Properties in both categories benefit from cost segregation, but the dynamics are different. Beach-adjacent condos tend to have lower land-to-building ratios (good for cost seg), while single-family STRs in neighborhoods like Coconut Grove or Coral Gables carry higher land values.
Construction costs in South Florida are among the highest in the country, which actually benefits cost segregation analysis. Higher construction costs mean a higher depreciable basis relative to land value — and more dollar value in the reclassifiable building components. A $750K Miami Airbnb typically generates $204K+ in accelerated depreciation.
Condo investors should note: cost segregation applies to your unit's allocated share of the building's depreciable components. Common-area improvements, building-wide systems, and your unit's interior buildout all qualify. Many Miami condo STR investors overlook this, assuming their condo association dues cover all building depreciation. They don't — your individual study captures component-level detail that standard depreciation misses entirely.
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IRS Compliant
Methodology aligned with IRS Audit Techniques Guide
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CPA-Ready Reports
30-40 page PDF your CPA can file directly
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