🔥 17 STR Homes for Sale: Plus a Cool A-Frame Property

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Hello STR Scout Members,

Our hearts go out to all those affected by the devastation of Hurricane Helene. We stand with the communities impacted, keeping everyone in our thoughts and prayers during this difficult time.

In this weeks issue:

🔥 STR Classifieds: Uncover 17 STR homes in 8 trending STR markets.

💰 Rising Taxes Cut Profits: Ideas to protect your cash flow.

📰 Quick Snapshot: The latest short-term rental, housing, and economic news headlines to help you stay informed in few minutes.

Kind regards,

Andy Thoms
STR Scout

🌊💪 In the midst of every storm, there is a strength within you that is stronger than the winds and waves. Hold on, for brighter days will come. 🌅

$699K | Granbury, TX: Awesome “A” frame with 2BD master suite, 1250 sqft Craftsman home with pool. New construction in historic STR district. Walkable to Granbury Square. Estimated $750-$900/night rental. View Post

$240K | 29 Palms, CA: 2BD, 1BA 884 sqft home with modern desert vibe near Joshua Tree National Park. Recently remodeled with leased solar, butcher block counters, and above-ground pool. View Post

$430K | Lake Anna, VA: 3BD, 2BA fully furnished STR on 1 acre with water access. Ideal investment near Lake Anna's shores. Turn-key property ready for new owners. View Post

$445K | Bradenton, FL: Renovated 3BD, 2BA home with attached garage and large gated yard. Prime location near IMG and 8 minutes from Anna Maria Island beaches. No rental restrictions. View Post

$450K | Fishing Creek, MD: Turn-key and furnished STR on Hoopers Island. Motivated seller with local staff in place. Ideal for investors seeking a profitable bayfront rental. View Post

$485K | Sevierville, TN: 1BD, 2BA 1236 sqft cabin between Pigeon Forge and Townsend. Secluded with private balconies, hot tub, and fireplace. Strong STR potential near Cades Cove. View Post

$599K | Julian, CA: Turnkey duplex with separate units in scenic backcountry. Fully furnished and Airbnb-ready with 5-star reviews. Prime location near hiking, wineries, and apple pies. View Post

$725K | Phoenix, AZ: Turn-key 3BD, 2BA STR with heated pool. Generates $100K/year gross with $37K in operating expenses. Sold fully furnished. High income potential. View Post

$749K | Scottsdale, AZ: 3BD, 2BA STR with pool in prime location. Popular for bachelorette parties and consistently booked. Includes Airbnb listing decor. Strong income potential. View Post

$750K | St. Augustine, FL: Renovated duplex with 3BD, 2BA (Unit A) and 2BD, 2BA (Unit B). Zoned for nightly rentals, near Bridge of Lions. Grossed $94K in 2023, projected $100K+ in 2024. View Post

$865K | South Padre Island, TX: Fully furnished triplex on corner lot. Unit A: 3BD, 2BA; Unit B: 2BD, 1BA; Unit C: 1BD, 1BA studio. Renovated in 2021. Walk to beach, restaurants, and entertainment. View Post

$899K | Destin, FL: 4BD, 3.5BA home in gated Crystal Beach. Loft, new appliances, and access to large community pool. $106K+ gross revenue in 2023. Two blocks from the beach. View Post

$900K | Nashville, TN: Two side-by-side 2BD NOO STR units in River North near East Bank and Oracle HQ. 479K Each. Furnished with downtown views. Potential to earn $75K/year each. Motivated seller. View Post

$960K | Granbury, TX: 4BD, 2BA 1683 sqft lakefront A-frame with boat dock. Renovated STR with 5-star rating, spiral staircase, and sleeps 11. Rents average $450/night. View Post

$1.395M | Ridgway, CO: 4BD, 3BA home on 2.2 acres with 2512 sqft. Floor-to-ceiling stone fireplace, wrap-around deck, and turnkey STR with 260+ 5-star reviews. View Post

$3.6M | Whitefish, MT: 3BD, 3.5BA condo steps from the slopes at Whitefish Mountain Resort. STR allowed. Seller financing available for qualified buyers. Prime ski resort location. View Post

The Lagging Impact of Rising Property Taxes on Your STR Profits

As an STR investor, you know taxes are inevitable—but rising property taxes can hit your cash flow harder than expected. What many investors miss is the lag effect of property tax assessments. Taxes are often based on outdated, peak property values, even when the market cools down.

This lag can leave you paying for past highs, even as rental income drops. The result? Shrinking profits at a time when other costs are already climbing.

Want to learn how to protect your cash flow? Click here to read the full article at STRScout.com and discover the essential strategies to stay ahead of rising taxes.

Short Term Rental News

🌐 Airbnb CEO embraces AI for a new era of travel: As artificial intelligence reshapes industries, Airbnb is leading the charge in the travel sector. CEO Brian Chesky envisions AI-enhanced platforms to offer hyper-personalized experiences, from curating itineraries to predicting guest needs. This forward-thinking approach could revolutionize the short-term rental market, paving the way for more tailored travel experiences. Read more

🎤 Purple Rain legacy lives on through Airbnb: In an exciting blend of pop culture and hospitality, Prince’s iconic "Purple Rain" house has been transformed into an Airbnb. This nostalgic experience is drawing fans and boosting local tourism, showcasing how short-term rentals can merge with cultural heritage to attract new travelers. Read more

🚓 Scottsdale enforces strict short-term rental regulations: While Airbnb capitalizes on cultural draws, cities like Scottsdale, Arizona, are feeling the pressure to regulate. Amid resident complaints, local authorities have intensified their crackdown on short-term rentals, focusing on maintaining community integrity and addressing safety concerns. This trend mirrors broader tensions between local governance and the booming rental market. Read more

🏞️ Tiny Washington town tops Airbnb’s summer 2024 charts: Even as urban areas grapple with regulation, remote destinations like Index, Washington, are thriving in the short-term rental boom. The small town, with its stunning scenery, was the most popular Airbnb destination worldwide this past summer, highlighting a shift in travel preferences toward peaceful, nature-centric escapes. Read more

❄️ Vail Resorts cuts staff as winter tourism outlook dims: However, not all tourism hubs are basking in success. Vail Resorts announced layoffs across its Colorado locations ahead of a predicted slow winter season. This signals the vulnerability of tourism-dependent economies, where fluctuating demand and economic uncertainty continue to challenge business sustainability. Read more

Housing News

💼 Mogul Ben Mallah sheds $85 million property amid market shifts: Reflecting turbulence in the luxury real estate sector, business mogul Ben Mallah is offloading a prized $85 million estate in Florida. The sale comes as rising interest rates and a slowing economy force high-net-worth individuals to rethink their property portfolios. Read more

🏠 Housing bubbles form in global cities, experts warn: As Mallah exits the market, analysts are sounding the alarm about housing bubbles in major global cities. Cities like Toronto, Munich, and Hong Kong are at high risk due to inflated home prices, leaving experts concerned about the potential for corrections in 2024. Read more

📉 Mortgage rates drop, but homebuyer caution persists: U.S. mortgage rates dipped to their lowest since February 2023, sparking hope for potential homebuyers. However, affordability challenges remain, with many waiting for further cuts before jumping into the market. The fluctuating rates reflect the delicate balance between monetary policy and consumer confidence. Read more

🌴 Vacation home market cools under high prices: Meanwhile, high prices are dampening the vacation home market, as affordability concerns squeeze buyers. The once-hot segment is experiencing slower demand, further impacted by rising costs of borrowing and stagnant inventory growth. Read more

🏡 Buyers eye fall housing market with skepticism: As fall approaches, homebuyers face an unpredictable market. While some signals point to price stabilization, persistent supply shortages continue to keep prices elevated, making it a challenging time for prospective buyers to find a deal. Read more

📊 Fed rate cuts offer some relief for mortgages: In the broader economic context, the Federal Reserve's rate cuts are beginning to influence the housing sector, offering slight relief for mortgage borrowers. However, high home prices still pose significant barriers, and the overall impact remains muted. Read more

📝 Sellers expected to cover agent fees, buyers demand transparency: Despite the shifting market, buyers continue to expect sellers to cover agent fees, a growing trend that reflects changing dynamics in transaction transparency. As buyer expectations rise, industry norms are evolving. Read more

💰 Florida HOA fees surge as inflation bites: Homeowners in Florida are grappling with rising HOA fees, driven by inflation and maintenance costs. This added financial pressure is creating further hurdles for residents already dealing with high living expenses. Read more

📉 Real estate investors pause as market volatility increases: Facing uncertainty, residential real estate investors are hitting pause, citing economic volatility and market instability. With high interest rates and sluggish returns, many are rethinking their strategies, awaiting clearer signals. Read more

🏘️ Real estate agents uncertain after industry changes: One month after major shifts in the industry, real estate agents remain cautious about the future. Despite market changes, optimism is limited as agents face ongoing challenges in a volatile market. Read more

Economic News

⏳ Fed rate cut signals recession fears: Economists are warning that the Federal Reserve’s recent rate cut is a sign of growing recession risks. With inflation concerns persisting and economic growth slowing, the Fed’s move is being seen as a defensive measure to stave off further downturns. Read more

🗳️ Real estate investors focus on November elections: Amid rising uncertainty, real estate investors are looking beyond interest rates to the upcoming November elections. The outcome is expected to significantly influence the housing market, particularly regarding regulatory changes and tax policies. Read more

📈 Corporate pricing power fuels inflation concerns: While some inflationary pressures ease, corporate pricing power remains strong, driving up costs in many industries. This trend complicates efforts to control inflation, as companies continue to pass on higher prices to consumers. Read more

📉 Job market signals potential hard landing: The U.S. job market, while resilient, is showing signs of strain, indicating a potential hard landing ahead. Rising layoffs and softening demand are adding to concerns about a broader economic slowdown. Read more

⚓ Port strike could disrupt supply chains: On the horizon, a potential port strike threatens to disrupt U.S. supply chains, particularly as peak holiday shopping season approaches. The labor dispute could lead to significant delays, affecting both retailers and consumers nationwide. Read more