🔥 Discover 14 STR's For Sale in 10 Destinations

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Hello STR Scout Members,

In this weeks issue:

🏡 Discover 14 new STR deals for sale in 10 destinations.

📰 Catch a quick summary of the latest short-term rental, economic, and housing news.

Best regards,

Andy Thoms
STR Scout

😎 "Be fearful when others are greedy and greedy when others are fearful." - Warren Buffet

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FSBO | OFF-MARKET STRs

$700K | Nokomis, FL: Three 3BD, 3BA beach bungalows near Nokomis Beach and Jetty. No HOA. Potential for rentals or personal use. Room for boat/RV. Workshops included. View Post

$895K | Yardley, PA: Side-by-side duplex with proven medium-term rental income. STR ordinance expected soon. Walkable to town center. Low taxes under $4500/year. Motivated seller. View Post

$1.2M | Jacksonville, FL: 3BD, 2.5BA historic Avondale home generating $100K+ in STR revenue. Features saltwater pool, yoga platform, luxury finishes, and serene gardens. Sold furnished. No HOA. View Post

ACTIVE STR LISTINGS 

$265K | Lakeland, FL: 2BD, 2BA remodeled home with 1238 sqft. Turnkey rental with vaulted ceilings, granite kitchen, and screened patio. Low HOA covers maintenance. Fully furnished. View Post

$489K | Nashville, TN: 2BD, 2BA NOO STR with downtown views. Fully furnished with professional design. Potential income up to $75K/year. Seller motivated. View Post

$505K | Blue Mountains, ON: 2BD, 2BA chalet loft suite near slopes. Sleeps 6. Features deck with mountain views, electric fireplace, and recent upgrades. Resort amenities included. View Post

$589K | Wears Valley, TN: 3BD, 2BA cabin near Pigeon Forge and Smoky Mountains. Gross income of $73K (2023) and $83K (2022). Seller offering $10K towards closing costs. View Post

$675K | Hochatown, OK: 2BD, 2.5BA cabin on 1.3 acres. Includes game room, hot tub with sunset views, and two king suites. Fully furnished. New Airbnb. View Post

$915K | Bridgman, MI: 5BD, 3BA "Bridgman Pool House" on 3/4 acre. Includes heated pool, hot tub, and walkout basement with wet bar and game room. Grosses over $100K/year. Turnkey STR. View Post

$1.125M | Topsail Beach, NC: Triplex with 4BD, 2BA unit and two 2BD, 1BA units. Furnished, with oversized decks and nearby beach access. Prime location for STR potential. View Post

$1.19M | Canyon Lake, TX: 5BD, 5BA turnkey STR accommodating 16 guests. Includes main house and studio apartment, each with private hot tubs. Located 0.3 miles from Canyon Lake. Fully furnished. View Post

$1.275M | Kailua Kona, HI: 2BD, 2.5BA oceanside condo with panoramic views. Features floor-to-ceiling windows, open-beam ceilings, custom kitchen, and deeded parking. Fully furnished. View Post

$1.5M | San Diego, CA: 3BD, 2.5BA Pacific Beach townhouse. Multiple balconies with rooftop views, two fireplaces, and updated bathrooms. Walk to Mission Bay and ocean. Attached garage. View Post

$7.686M | Orlando, FL: 3 luxury estate homes on gated acreage sleeping 40+ each. Grossed $2.4M-$3.1M (2021-2023) with 30-36% profit margins. Includes turnkey management and booking systems. View Post

Trending Housing News:

🏡 Homebuyers hold off amid higher rates. The "buyers' strike" is deepening in August, despite some mortgage rate dips. Sellers are starting to adjust, slowly lowering prices in response to the cooling demand, maybe they will start crossing the picket line. Read more.

📉 U.S. home prices continue to climb in some markets despite a slowing housing market. Elevated mortgage rates push buyers to the sidelines, yet the tight inventory keeps prices higher than expected. Experts caution that this trend could persist if the supply-demand imbalance isn't resolved soon, leaving affordability out of reach. Read more.

📊 Home listings surged in several major U.S. cities, signaling a potential shift in market dynamics. Cities like Austin and Phoenix are leading the charge, but the uptick in available homes might not be enough to counteract high borrowing costs. Read more.

🏢 Texas and Florida are facing new challenges, with plummeting condo sales reflecting the mounting affordability crisis. In Texas, particularly, many potential buyers are backing away due to skyrocketing prices, creating a downward trend in sales. Read more.

📉 Mortgage rates remain elevated, with recent spikes compounding the affordability challenge. The average rate for a 30-year fixed mortgage hovers above 7%, putting significant pressure on prospective homebuyers across the country. Read more.

Trending Short-Term Rental News:

🏨 Independent accommodations are growing in popularity, with travelers turning to alternative lodging options instead of traditional hotels. This trend is particularly evident in budget-conscious segments, where short-term rentals offer greater flexibility and cost savings. Read more.

🏘️ Appraisers are finding it increasingly challenging to accurately value short-term rentals. The fluctuation in rental income and market demand makes it difficult to provide consistent property valuations in this emerging space. Read more.

⚖️ New Orleans may soon suspend its short-term rental exemption program, impacting both homeowners and investors. The move comes amid growing concerns over housing affordability and the strain placed on neighborhoods by transient visitors. Read more.

📈 Florida communities continue to grapple with the rising tension between local residents and the short-term rental market. Local governments are weighing new restrictions to address concerns over noise, property values, and the increasing lack of long-term housing options for residents. Read more.

Trending Economic News:

📉 The yield curve inversion, a traditionally reliable recession indicator, is starting to unwind. Experts are divided on whether this reversal signals a soft landing for the U.S. economy or a delayed recession that could still hit in 2024. Read more.

⚠️ An economic "soft landing" is less likely as the latest U.S. jobs report reveals sluggish hiring, contributing to recession fears. Weak job growth, coupled with persistent inflation, leaves analysts watching closely for further economic slowdown signs. Read more.

⏳ The Federal Reserve's long-term rate policy is under scrutiny, as recent economic data hints at continued stagnation. Analysts argue that persistently high rates are further straining both the housing and labor markets. Read more.

📉 The U.S. economy continues to send mixed signals, with the yield curve's partial "uninversion" raising more questions than answers. Some experts point out that similar patterns preceded previous downturns, stoking concerns over a potential recession in 2024. Read more.