🔥 STR Homes for Sale & Trending News | 04/20/24

🔥 This week's hottest STR deals, trending news and resources:

• STR Homes for Sale: Explore (24) on and off-market STR's homes for sale that are trending this week.

• STR Blog Spotlight: How to recession proof your STR’s and 8 things to know about Vacasas’s local operations.

• Trending News Nuggets: Catch the hottest trending news nuggets you need to know.

• STR Resources: Find STR resources, tools, and exclusive member-only discounts.

• Share The STR Love: 😎 Thank you in advance for forwarding this email to your friends and associates, we appreciate it.

• Scouting Mission: We’re scouting in Riviera Maya, Mexico to bring you the best STR deals and developments, stay tuned!

Have a great week and happy STR scouting!

The STR Scout Team

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STR FEATURED PROPERTIES

Condo in Paradise! Gated Luxury Community | SW Caribbean Roatan Dream

🏡 $439K | Roatan, Honduras: Luxurious 2br 2.5ba condo in a gated community, 2000sqft, located in the SW Caribbean. Projected annual revenue between $80,000 and $90,000. STR-friendly HOA. This turnkey property comes fully furnished, featuring owner's closets and lockouts for easy rental management. Low-maintenance living with HOA covering exterior upkeep and cleaning services at $7 per hour. Perfect for STR investment or personal vacation use. Experience tropical luxury with a practical touch. View Property Details

Seller Contact: Robert Baar
Call: 616-218-2195

Furnished Turnkey Hawaii STVR Condo-Tel

🏡 $357K | Kapaa, HI: Furnished turnkey STVR condo-hotel, 320sqft offering a 1br 1ba layout. Revenue projections estimate $60-$75K in annual gross rental income. Monthly expenses include a $1,632 HOA covering maintenance and utilities, with $3,400 in annual property taxes. Financially appealing with an option to buy with 30% down, leading to a monthly payment of $1,868 over a 5-year note. Excellent return on investment promised. Located in beautiful Kapaa, Hawaii, this property is ready to generate income immediately. View Property Details 

Contact: Cole Schlack
Call or Text: 1-808-745-0555
Website

Luxurious Mountain Sanctuary in Maggie Valley

🏡 $1.025M | Maggie Valley, NC: , 5070sqft, where nature meets comfort. Revenue projections for Average Hosts range from $83k to $191k, with Super Hosts achieving $191k to $237k. This home features original hardwood flooring throughout key areas and includes a sauna for relaxation. Perfect for entertaining, it also boasts a well-equipped game room. Nestled in the scenic landscapes of Maggie Valley, this property combines peace, luxury, and profitability. Ideal for both investment and leisure. View Property Details

STR Agent: Tyler Coon
Text or Call: +1-828-620-2541

Magnificent 4/4 Customer Riverfront Estate - Your STR Adventure Dream Home Oasis Awaits

🏡 $1.25M | Kalispell, MT: Magnificent 4br 4ba custom riverfront estate, 3510sqft with over 400 feet of Stillwater River frontage, STR approved. Revenue projections range from $130k to $165k. Dual-level design offers two independent living spaces, each with 2 bedrooms, 2 bathrooms, a full kitchen, and laundry. Highlights include options for fly-fishing, swimming, or kayaking right from your private oasis. The expansive 3-car garage is perfect for storing water toys or converting into a game room. A unique blend of luxury and versatile living by the river. View Property Details

STR Agent: John Hayes
Text or Call: +1-850-375-4113

Click here to Feature your STR property next week!

STR OFF-MARKET CLASSIFIEDS 

🧮 Bookmark Airdna’s Calculator to estimate your earnings potential on any STR homes for sale.

🏠 $850K | Hurricane, UT: Seller-financed unit includes all furniture. Seller financing available with existing 3.5% mortgage, requiring ~$235K down payment. Only serious inquiries from self-financing buyers or those ready for down payment. View Post.

⭐️ $799K | Blue Ridge, GA: Top Performing STR, off-market. Ranks #1 on Airbnb. 100 reviews, 4.93 rating. Total annual revenue $113,086, net $92,731 after expenses. Expenses $21,748/year. Includes marketing materials, option for continued management. Selling to free up capital for new projects. View Post.

🏝️ $439K | Keyhole Bay, Roatan: LOWEST price in 5+ years for a 2-bedroom condo. Single-floor, main-floor layout, $20K discount for direct buyers. Price firm, reduced by $60K. Exclusive community with 24/7 security, backup generator, quality water, huge pool, private beach. STR friendly. Annual COA/HOA ~$7,000. Includes furniture & appliances, low maintenance. Transferable corporation ownership. View Post.

🌲 $615K | Harris, GA: FSBO turnkey STR cabin. Stunning waterfront property on over an acre, near wineries, breweries, hiking, Lake Chatuge. Averages $68K/yr income. Newly added decks, hot tub included. Fully furnished. Selling due to busy family life. View Post.

🏡 $349.9K | Lago Vista, TX: Off-market, turn-key Airbnb condo, leased until Aug 31. Stunning 3BR/2BA, fully furnished. Features spacious bedrooms, modern bathrooms, private balcony with scenic views, two-story living space. Don't miss this chance to own a slice of paradise in Lago Vista. View Post.

🌟 $1.469M | Hurricane, UT: Seller-financed vacation/nightly. Turnkey and sleeps 34! 5 master suites, a giant bunk room with 12 queen beds, private hot tub, retro arcade game, ping pong, foosball, enclosed courtyard, rooftop deck, stunning views, large BBQ, 2 fridges. Amenities; lounge pool, lap pool, splash pad, and pickleball courts. Near Sand Hollow Reservoir and golf. EV plugs, extra parking. View Post.

🏔️ $1.25M | Blackhawk, CO: New construction 4BR, 3,400 sqft STR in Gilpin County mountains, near Denver & Golden Canyon State Park. Live since Nov, averaging $7.5K/mo, projected $8K-$9K/mo. Cleaning & management teams in place. Open to creative financing or partnership. View Airbnb. View Post.

🏡 $225K | Murphy, NC: Not on market, ideal for first Airbnb. Tiny home, 2 years in operation, averages $35K/yr with cleaning fees, $30K/yr net. Busy season Jun-Dec. Buy or Master lease option available for rental arbitrage. Includes all furniture, hot tub recently updated. On 1.5 acres. View Post.

🏡 $1.335M | Sevierville, TN: More flex on price if no agent. Unique property with THREE cabins on a single 1.93-acre lot at 2025 Tiffany Way. Stunning views, close to Dollywood & Pigeon Forge. Sold fully furnished, each with a hot tub, metal roofs, and newer AC units & water heaters. No HOA or rental restrictions. View Post.

🏖️ $320K | Madeira Beach, FL: 1 bedroom beach cottage in a popular vacation destination. Stays booked year-round. Ideal for Airbnb and VRBO. For financial details, message with your email. Don't miss this charming and profitable investment opportunity. View Post.

Click here to showcase your off-market STR next week!

STR EXCLUSIVE AGENT LISTINGS 

🧮 Bookmark Airdna’s Calculator to estimate your earnings potential on any STR homes for sale.

🌴 $259K | Myrtle Beach, SC: PRICE REDUCED by $6K! Fully turn-key 2BR/2BA condo in Summertree Village. First-floor, corner unit. Walking distance to the beach and beach bars, close to local attractions an shopping. Ideal for personal use, short or long-term rentals. View Post.

🌊 $850K | Baldwin, WI: Luxury lake home, profitable STR. Accommodates up to 16 guests, 6BR/6BA. Financial details with signed confidentiality agreement. Offering STR management & cleaning services. View Post.

⬇️ $519K | Sevierville, TN: PRICE IMPROVEMENT! Experience mountain living in the heart of Sky Harbor. Private 2BR/2BA ensuite retreat, both bedrooms spacious. Features a large loft, open great room with high ceilings, fully furnished. Potential yearly rental income: $40K-$58K+. View Post.

🌴 $1.85M | Miami, FL: Top short-term rental with $292K gross income in 2023 and $84K in 2024. Located in Biscayne Park, this stunning house offers a massive lot with a football field. Sold by Glam Homes. View Post.

☀️ $2.15M | Inlet Beach, FL: Prime STR on 30A in Seacrest with deeded beach access. Coastal retreat built in June 2023, fully furnished in gated Treetop Village. Features 4BR each with king beds, bunk beds, and private bathrooms. Over $80K rental income in 6 months. Includes seasonal tram service to Seacrest Beach. View Post.

🏡 $429K | Indianapolis, IN: Current STR in Bates-Hendricks, downtown. Spacious 4BR/3BA home, one bedroom on main level. Features engineered hardwoods, carpeted upstairs, open concept, quartz kitchen countertops, stainless appliances, ample storage. Close to Lucas Oil Stadium. View Post.

🏡 $324.9K | Indianapolis, IN: Renovated STR in Bates-Hendricks, near downtown. 3BR/2.5BA, minutes to Lucas Oil Stadium, Gainbridge Fieldhouse, Mass Ave, and major highways. Perfect downtown proximity. View Post.

🌆 $1.065M | Downtown Austin, TX: New on market, modern 3BR home with Airbnb potential. Nestled between active STRs, blocks from downtown and Rainey St, close to river trail, restaurants, and entertainment. Features 3 spacious bedrooms, 2 modern bathrooms, private screened patio with yard, attached 1-car garage with electric car charger. Prime downtown Austin location. View Post.

🌟 $769,999 | Naples, FL: Perfect for running a business from home. 1.5 acres with a fully renovated and furnished house. Includes a 1100 sq ft shop with new AC, compressed air, triple epoxy flooring. Produces $11K/mo in rental revenue during season. Features asphalt roads, gravel lot in back, 3BR/2BA. Opportunity to expand to nearly 5 acres by purchasing adjacent property at 1020 19th St SW. Located at 990 19th St SW. View Post.

Click here to showcase your STR listing next week!

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STR BLOG SPOTLIGHT

8 Things You Need to Know About Vacasa’s Local Operations

Airbnb During a Recession: 8 Tips You Must Know to Recession-Proof Your Business

NEWS NUGGETS

💰 Billion-Dollar Airbnb CEO Pay: Airbnb CEO Brian Chesky's potential $1 billion compensation, tied to share price targets, reflects ambitious growth goals and philanthropic pledges — Yahoo

🏠 Rental (Airbnb Host) Opportunities: Airbnb expands efforts to include renters as hosts on its platform, aiming to open up economic opportunities and navigate complex city regulations — CNN

🌍 Airbnb Expansion: The Airbnb Entrepreneurship Academy broadens its reach in 2024, partnering with over 30 organizations globally to empower diverse communities through economic opportunities in hosting — Hospitality

Real Estate

🏠 Housing Deal Controversy: NY's proposed housing legislation draws sharp criticism from both landlords and tenants, with fears it won't address key issues but will enrich real estate industries — The Real Deal

🔗 Mortgage Market Paradox: Low mortgage rates from the past trap homeowners, reducing home sales by 57% and contributing to a severe 7.2 million home shortage in the U.S. — Entrepreneur Daily

🏠 March Home Sales Drop: U.S. existing home sales dropped by 4.3% in March due to surprising mortgage rate hikes, though the housing supply increased, showing potential for market adjustment — Zillow

📉 U.S. Economic and Housing Market Overview: Despite ongoing high mortgage rates at 6.8% limiting affordability, the U.S. housing market shows signs of recovery with a robust labor market and a resilient economy. Spring 2024 could see an upturn in housing demand, particularly among first-time homebuyers — Yahoo Finance

📉 Real Estate Stock Plunge: Major proptech companies like Redfin, Zillow, and Offerpad face sharp declines due to a court ruling affecting agent commissions and ongoing economic pressures — InVezz

🏗️ Construction Caution: March 2024 sees a drop in new home construction as builders anticipate prolonged high interest rates, though single-family starts are still up from last year — Zillow

📈 Record Home Costs: As mortgage rates climb to 7.4%, U.S. home prices rise 5%, pushing the median monthly housing payment to an all-time high of $2,775, an indepth analysis — Redfin

Economy

🌊 Economic Outlook: State Street strategist warns of disruptions in the U.S. economy by 2025 if high interest rates persist, emphasizing the delayed effects on consumer and corporate finances — CNBC

💹 Fed Effectiveness Questioned: Morgan Stanley's CIO suggests Federal Reserve policy may not impact inflation as declines occurred before aggressive rate hikes took effect — MarketWatch

AI Trends

🏢 AI Revolution in Real Estate: Generative AI (GenAI) is set to transform the commercial real estate sector by enhancing efficiency, reducing costs, and creating new business models, despite potential risks to the workforce and cybersecurity — EY

🤖 Meta's AI Ambitions: Meta intensifies its effort in the AI race by integrating its AI assistant across its platforms, betting on the newly introduced Llama 3 model to rival ChatGPT with advanced capabilities in coding and real-time image generation — The Verge

🌐 AI Regulation Challenges: As lawmakers from states like Colorado and Connecticut propose major AI regulation bills aimed at reducing AI discrimination, they face significant opposition from both industry and civil rights groups, complicating efforts to enhance transparency and accountability — Associated Press

STR Regulations

🏗️ Housing Market Downturn: U.S. housing starts plummet by 14.7% in March, marking the steepest drop since April 2020, with declines across most regions and building permits also falling, suggesting a broad cooling of the housing market — Yahoo Finance

🏠 Short-term Rental Dilemma: Waynesville's planning board is exploring new regulations for short-term rentals to address housing affordability and community livability, amidst growing numbers and economic pressures — Smoky Mountain News

🏠 AZ Complex Housing Crisis: Arizona's struggle with unregulated short-term rental growth highlights broader issues in housing affordability, as local governments seek more control to balance tourism benefits with community needs — Arizona Daily Sun

🌴 Airbnb Regulation in Hawaii: Hawaii's lawmakers advance bills to allow new short-term rental regulations, aiming to tackle the housing crisis exacerbated by recent Maui wildfires, with potential phased implementation over several years — Los Angeles Times

🏠 9500 Airbnb’s Must Shift to Long Term Rental: Starting May 1, British Columbia will enforce new rules limiting short-term rentals to hosts' principal residences, aiming to convert over 9,500 homes back to long-term rentals and alleviate the housing crisis — Canadian Press

STR LOAN SOLUTIONS by HOST FINANCIAL

💵 DSCR rates INCREASED  from prior week. Link for rate quote.

💸 10 Year Treasury yield  INCREASED from prior week to 4.62%.

🏦 Conventional mortgage rate average INCREASED from prior week to 7.88%.

🛠 STR Partner Tools & Resources

🏘 STR Property Management, discover full service property management with Vacasa, the nations largest manager.

🌎 STR Market Explorer tool, free Airdna tool to evaluate any STR market in the world, in seconds.

💰 STR Revenue Calculator, free Airdna tool to evaluate get revenue projection and customize estimates, in seconds.

📊 STR Data Plan, great things happen with great data, get a Pro Subscription plan with Airdna. Exclusive 10% off for STR Scout subscribers!

🏦 STR Loan Quote, competitive quote in minutes from our partners at Host Financial, Exclusive $500.00 credit for STR Scout subscribers.

⛑ STR Insurance Quote from our partners at Steadily. Take 5 minutes to get a free quote to see if you can save $$$.

📅 STR Event Calendar: Here is your list of short-term rental events and conferences to attend in 2024.