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- 🔥 STR Scout - Weekly Hot List
🔥 STR Scout - Weekly Hot List
Hello Airbnb Homes for Sale Members!
Here is your weekly STR scouting report (a 5 minute read).
This week we share Airbnb Homes for Sale Hot List and catch you up on trending news headlines. Moody’s downgrades U.S rating, latest housing trends, mortage rate trends, Airbnb generates record profits. This weeks showcase is amazing. Have a peek inside this chic luxury boutique hotel style estate for sale in Tulum, Mexico (video tour).
Be on the look out next week for some great value plays in Hawaii and Puerto Vallarta that you will not want to miss.
Have a great weekend!
Andy & STR Scout Team
Top 10 Weekly Hot List
Luxury Airbnb Boutique Hotel - Tulum Mexico
Top Off-Market (pocket listing) property in Tulum looking to close before September. Sellers are motivated to work with you on the price. Current asking price yields 10% cap rate on the books. Financials verifiable, permits and legal status 100% ready to transfer to new owner (per agent notes).
The Sale Price: $2,780,000 USD
The Revenue: $510,000 in 2022
The Occupancy: 73%
The Seller: Listing Agent / Operator
The Property:
Single family detached home
Sleeping capacity 16 guests
8 bedrooms
8 beds
8.5 baths
Airbnb Reviews: 70
Airbnb Rating: 4.89
Property Highlights:
Ambre & Epices is a property situated in the heart of Tulum's jungle village, offering an ideal location just 5 minutes from the city center and 10 minutes from the beach. With a strong revenue history, this property is a unique gem. It consists of a single building with 8 bedrooms/suites, two swimming pools, a bar, and a kitchen. The entire property is enveloped by a captivating Caribbean garden.
The design revolves around a central patio, providing a fully equipped space with amenities like air conditioning and WiFi. Various lounges invite relaxation and harmony with nature, while the pools offer opportunities for sunbathing.
A striking blend of Moroccan and Mexican architectural elements and décor infuses the property with style and elegance, creating a distinctive character that sets Ambre & Epices apart. It holds potential to operate as a boutique hotel, holding the necessary permits for both a hotel and restaurant, although verification is advised.
Key features include a storage room, ecological systems for water treatment, and automated watering.
A private security booth discreetly located near the reception area is equipped with amenities.
The property comprises 8 spacious rooms, each with a king-sized bed and ensuite bathrooms featuring dual sinks.
The structure boasts high ceilings, open spaces, handcrafted Moroccan-style windows, doors, and furniture.
Three terraces—two on the lower level and one on the rooftop—provide ample outdoor space.
The interior is furnished with high-end custom pieces. The construction employs durable materials such as concrete and precast cement blocks.
For More Information
Listing Agent: Roberto Pernicone
Whats app: +52-984-210-2751
Email: [email protected]
Trending Real Estate & Market News
Moody's has downgraded US banks due to high interest rates, remote work impact, and falling property values.
Dow Jones drops 300 points in response.
Potential effects: market sell-off, higher rates for mortgages and credit cards, 2024 recession risk, impacting confidence and Airbnb investors.
Banks with losses at risk. Silicon Valley and Signature Bank's fall lead to uncertainty, emergency measures needed.
Tightening conditions pose challenges for consumers and recovery.
US housing inventory crunch deepens, active listings growth slows for fourth consecutive month.
Active inventory decline of 49.2% from pre-pandemic levels.
Median list price decreases slightly year-over-year (-0.9% to $440,000).
Interest rate hikes impact buyer power, modest home sales declines.
Low supply and strong job market likely keep prices up.
Home shoppers seeking affordable properties outside their areas.
3.2% YoY rise in median home-sale prices due to supply scarcity.
Homeowners hold onto low rates, biggest inventory drop in 18 months.
Typical US homebuyer's monthly payment increases 19% YoY to $2,605.
High mortgage rates lead potential sellers to stay, reducing inventory and new listings.
Active listings and pending home sales drop significantly, months of supply at 2.9.
Median days on market up to 27, fewer homes sold above list prices.
Mortgage rates reach 21-year high at 7.09%.
Driven by aggressive Fed interest rate hikes and US debt downgrade by Fitch Ratings.
Expectation of fluctuating rates, possibly briefly below 7%, staying between 6% to 7%.
Tightened lending standards make loan qualification tougher.
Demands higher incomes and better credit scores.
Elevated mortgage rates trend continues, making home buying more demanding.
Proposal to incentivize smaller landlords with tax incentives to sell rental properties.
Targeting mom-and-pop real estate investors who collectively own 20.5 million rental properties.
Reduction in capital gains tax could encourage selling, boosting supply and benefiting the economy.
Investor activity and reluctant homeowners holding onto low mortgage rates contribute to housing shortfall.
Tax incentives or lower interest rates needed to alleviate crisis.
Airbnb reports over 70% increase in second-quarter profit, reaching $650 million.
Growth attributed to robust bookings for summer vacation rentals.
Bookings increase by 11% year-on-year.
Despite growth, Airbnb's shares experience 1% drop in after-hours trading.
Rental rates remain high, average nightly rate increases by 1% to $166.
Efforts to encourage hosts to lower prices and make accommodations more affordable.
Some cities bucking the housing trend with growing inventory amid Federal Reserve rate hikes and limited supply.
Zillow's survey indicates 23% of respondents considering selling homes in the next three years.
Cities experiencing significant year-over-year increases in inventory: New Orleans, San Antonio, Jacksonville, etc.
Potential buyers have improved chances in these markets.
Federal Reserve Governor Michelle Bowman advocates for multiple interest rate hikes to tackle inflation.
Implications for various sectors, including Airbnb real estate investors.
Interest rates influence borrowing costs, impacting investment decisions for Airbnb property buyers.
Sellers could experience changes in buyer demand due to altered affordability.
Uncertainty from differing expert opinions on rate hikes adds complexity for investors navigating the evolving landscape.
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