ISLAND LEASING LLC
FISHER ISLAND, FLORIDA

Fisher Island owners beware! Connect with us at Island Leasing to help review if your property is under the City of Miami Beach city code ordinance, so that you can avoid violations for short term rentals. Recently, it was announced that the City of Miami Beach has drastically increased fines for short term rentals of prohibited properties such as single family homes and other zoning districts. It has been reported that these fines start at $20,000 for first-time violators, then double, and then triple for continued violations. This is a stark difference from previous fines starting at $500 and topping off at $7,500. Clearly the impact of Airbnb and the high demand for ultra luxury private vacation homes in Miami Beach have taken too much hotel business, somebody took notice. “Reed Zaroff, a veterinarian and real estate investor, owns the five-bedroom, 3,588-square-foot house at 244 West Rivo Alto Drive. Zaroff has been fined repeatedly by the city for illegally renting out his waterfront home: on May 21 for $20,000, June 15 for $60,000 and June 16 for $80,000. Jamey Kolka, CEO of the luxury vacation rental company SoBeautiful Lifestyle, was also fined $60,000 in June. His company was also fined $20,000 in May for the same home.” Read full article published on The Real Deal – (Fisher Island maintains the highest level of privacy by requiring all potential guests to be verified by Island Leasing)