🔥 STR Homes for Sale | Scouting Report | 04/06/24

🔥 In this week's scouting report:

• STR Classifieds: Explore 25 on and off-market STR's for sale in CO, VT, TN, NV, FL, MO, MT, VA, MS, PA, AL.

• Blog Spotlight: 17 steps to increase your Airbnb occupancy rate.

• News Nuggets: Hottest news nuggets trending this week.

• STR Tools & Resources: The best tools, resources, and exclusive member-only discounts.

STR Scout Team

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FEATURED PROPERTIES

Opulent 5/5 Luxury Retreat in Fletcher, NC

🏡 $1.2M | Fletcher, NC: 3902sqft promising lavish living. Revenue projections for Average Host range $144k-$208k, with Super Hosts achieving $208k-$250k. Features a luxurious primary suite with a sitting area, clawfoot tub, and updated glass shower encased in porcelain tile. Boasts a warm entry with soaring ceilings, contemporary crown moldings, and luxurious hardwood floors. Perfect for entertaining, the spacious front porch invites gatherings under the stars. A stellar combination of luxury and profitability. View Property Details
STR Agent: Tyler Coon
Text or Call: +1-828-620-2541

Charming STR on Golf Course Near Glacier National Park

🏡 $929K | Kalispell, MT: Exquisite 4br 2ba Craftsman home, 2431sqft with luxury finishes near Glacier National Park. Revenue projections suggest an earning range of $126k - $142k. Features include panoramic Big Sky views, high-end craftsmanship in a STR friendly community, and an ideal location for outdoor enthusiasts. Perfect as a base camp for exploring Glacier NP or skiing at Whitefish Mountain Resort. View Property Details
STR Agent: John Hayes
Text or Call: +1-850-375-4113

STR CLASSIFIEDS 

🏠 STR’s For Sale by Owner (off-market)

💑 $174k | Branson, MO: 1BR condo, 640sq ft, successful STR income. Aug-Dec 2022: $11,000, Jan-Dec 2023: $25,000. Transferable bookings, new HVAC, in-unit washer/dryer. Turnkey Airbnb, couples retreat in demand. View Post.

🌲 $790K | Lenoir, NC: Beautiful modern cabin on 9+ acres, 4 bdrm, 2.5 baths, wrap-around deck, in AirBNB program, near Blowing Rock & Boone. Easy transfer to new owners. View Post.

🏌️‍♂️$250K | Pinehurst, NC: 1-bed condo in golf haven Pinehurst. Strong occupancy, furnished, grandfathered for STR. Close to 44 golf courses. View Post.

🛖 $1.55M | Southern VT: Custom 4600sf log cabin, 4bd/3ba + loft. Reclaimed wood game room, steam room, sauna, hot tub, 3 fireplaces. Near Mount Snow & Hermitage Club. Consistent revenue. View Post.

🏙️ $475K | Southside Chattanooga, TN: 2bd/2.5ba with garage, off-street parking. Last transferable STR permit outside commercial zoning. Near Main Street & new baseball stadium site. $59,595 gross income in 2023. Fully furnished. View Post.

🎨 $980K | Gatlinburg, TN: Turnkey cabin in Historic Arts District, 5 mins from Downtown Gatlinburg. STR with projected 15-25% Cash on Cash Return. Revenue: $147,913 in 2022, $133,545 in 2023. Fully compliant with active tourism permit. Furnished. View Post.

🌄 $499k | Poconos, PA: 3BR/2.5BA STR on 10 acres, sleeps 8-9. 2023 gross $101K, 65% occupancy. No STR regs, private land, amazing views. Updated, new HVAC. Turnkey furnishings negotiable. Near Milford & Delaware Water Gap. View Post.

🏞️ $699K | Sky Valley, GA: Must see. 3BR/3BA mountain STR, sleeps 9. 1hr from ATL. Game room, wood flooring. New roof, baths, kitchen, deck rails in 2022. Exterior painted 2023. 2023 gross: $50,426, 2024: $17,300 booked. Fully furnished. View Post.

⛷️ $829K | Idaho Springs, CO: 2BR/3BA + loft, 2013sqft STR in St. Mary's Glacier area. 2023 gross: $71,800. Sleeps 7, near ski resorts/hiking. 1/4mi to lakes. Updated furnishings late 2022. Transferable STR permit, peak in summer. View Post.

🗝️ STR’s For Sale by Agents (on-market)

🏖️ $1.645M | Gulf Shores, AL: 10BR duplex, 300yds to beach, near pool/hot tub, sleeps 28. 100+ 5-star reviews. 2022 rev: $225K, 2023: $213K, 2024: $160K booked. Fully updated, new furnishings/appliances. Selling to reinvest equity. 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.

🎸 $850K each | Nashville, TN: Two attached 4-bedroom short-term rentals, rooftop terrace with city views & hot tub, 1 mile from downtown. Fully furnished, new construction. View Post.

🎲 $725K | Las Vegas, NV: Fully furnished home, flexible rental options. Close to Strip & airport. Great backyard with pool. View Post.

🎭 $354K | Branson, MO: Updated 3BR/3BA penthouse corner unit in The Bluffs at Pointe Royale. Fully furnished, successful nightly rental with 5-star reviews. Close to amenities. Health forces sale. 149 The Bluffs, Bldg 36, Unit 6, 65616. View Post.

🏙️ $1.7M | Atlanta, GA: Luxury property in upscale Buckhead section. Over $210k revenue in 2023, consistently 90-100% occupied. Short-term rental license. 100+ 5-star reviews. Airbnb listing available. View Post.

🌄 $979K | Morganton, GA: Modern chalet near Blue Ridge. 3BR/2.5BA, sleeps 10. Grossed $112k in 2023. Fully furnished with high-end finishes. Features hot tub, mountain views, and more. View Post.

🐴 $975K | Jacksonville, FL: 2500 sqft on 1.48acre, turnkey horse/multi-animal farm, STR goldmine. 5BR/3BA home, potential for detached garage apt. High demand, low STR supply in historic area. Ideal for owner suite conversion. Peaceful, gorgeous property. View Post.

🏡 $299K | 1812 Norway St, Bristol, VA: Restored 1940s Craftsman, Airbnb ready, minutes from downtown & Hard Rock Hotel. Original hardwoods/trims with modern updates: electrical, plumbing, windows, roof, HVAC. 3 large BRs, 2 full baths, deck, off-street parking. Ideal STR. View Post.

🏖️ $229K | Long Beach, MS: Ground-floor 2BR/1BA in Beau Clair Condos. Fully furnished, beachside retreat. Cozy, inviting living area, maintenance-free lifestyle. Steps from the beach. Ideal for serene living. View Post.

⛰️ $439K | Albrightsville, PA: 4BR/4BA, 2,537 sqft, sleeps 12. Turnkey STR near lake, includes lakeview lot. Features movie theater, game room, patio with gazebo. Community with 5 lakes, 2 pools, sports courts. Close to skiing, waterparks. Est. revenue: $83K. View Post.

🏞️ $1.25M | Smoky Mountains: Successful STR cabin, $104K booked for 2024 with 177 days left. Projected $160-170K by year-end. Selling to fund new project. Owner/Agent. View Post.

🌞 $670K | Panama City Beach, FL: New 4BR/4BA home, bonus room, close to beach. Projected $90-100K/year income. Low insurance. 2702 Lagoon Manor Dr. Listing agent owned. View Post.

🏔️ $1.35M | Whitefish, MT: 3BR/4BA home near Glacier Park, 2450 SF, STR approved. Potential $200K+ income. Sits on 2.6 acres, ideal for outdoor activities, near trails & festivals. Upgrade potential with ADU/game room. View Post.

📊 Airbnb Revenue Calculator

Analyze STR revenue for any property in seconds. Try it, its FREE!

BLOG SPOTLIGHT

17 Data-Driven Steps to Increase Your Occupancy Rate on Airbnb

NEWS NUGGETS

✈️ Airbnb's Economic Impact: Travel on Airbnb in 2023 generated over $85 billion in the US, supporting one million jobs and producing significant tax revenue, with guests spending heavily in local communities, here the stats! — Airbnb

💰 Airbnb Tax Contributions: Airbnb has remitted over $10B in tourism taxes globally, with $2.4B generated in 2023 in the US and Canada, supporting local services and highlighting the importance of streamlined tax collection — Airbnb

Real Estate

🏡 Million-Dollar Cities Surge: The U.S. hits a record with 550 cities having typical home values of $1 million or more, marking a significant increase from last year. California leads, while Florida, Texas, and Delaware see declines. A tight housing market and rising home values contribute to this growth, with an optimistic outlook for potential buyers — Zillow

🏠 Housing Inventory Growth: U.S. housing market sees a 25.5% increase in active listings and a 14.9% rise in new listings year-over-year, signaling a shift from the previous "lock-in effect" due to high mortgage rates. This change indicates a possible normalization of the market, with varying impacts (like lower prices) on home price growth across different regions — Fast Company

📈 Mortgage Rate Update: As of April 3, 2024, U.S. mortgage rates edge higher with a typical 30-year fixed rate quote at 7.39% and a 15-year fixed at 6.60%. This slight increase continues the trend of fluctuating rates, impacting homebuyers and the overall housing market dynamics — USA Today

🏠 Home Price Surge Prediction: Barbara Corcoran anticipates that any cut in interest rates could spike home prices due to increased buyer competition, despite current high prices and limited inventory. With mortgage rates slightly declining, the market sees more activity, but a significant supply-demand imbalance remains — Yahoo Finance

Economy

🏛️ Fed (up) Policy Outlook: Cleveland Fed President emphasizes progress on inflation, now closer to the 2% target, amidst strong labor markets and economic growth. Despite easing inflation, caution is advised before reducing federal funds rates. Policy adjustments will aim for balanced risk management, prioritizing sustainable inflation control and employment stability — Cleveland Fed

📊 Economic Report Weekly Calendar: Key U.S. economic reports from early April 2024 show a mixed picture, with manufacturing slightly down but factory orders up. Job openings remain steady, and upcoming employment data are anticipated. Fed speakers, including Jerome Powell, addressed economic conditions, influencing market expectations — Market Watch

💵 Easy Money Curse: With U.S. national debt at $34.6 trillion (wowza), interest rates and inflation rise, impacting government finances. In Q4 2023, interest payments hit $256 billion but were offset by increased tax receipts of $736 billion. Historical context shows fluctuations in the debt-service ratio, highlighting the growing fiscal challenge — Wolf Street

📉 Rate Cut Rethink: Fed officials, noting a strong economy and mixed inflation signals, are delaying interest rate cuts. Early 2024 saw a shift in economic conditions, challenging previous expectations for rate reductions. Despite this, markets remain optimistic, with stocks rallying and job market stability — Axios

AI Real Estate Trends

🚀 Real Estate Innovation: Virtual tours, augmented reality (AR), and artificial intelligence (AI) are transforming real estate marketing. Virtual tours increase engagement, AR enables dynamic property showcasing, and AI optimizes buyer-property matching, streamlining the sales process and enhancing buyer experiences — Entrepreneur

🏠 Web3 and Real Estate: Start-ups like Lofty AI and Vesta Equity are using blockchain to open the U.S. real estate market, valued at $52 trillion, to broader investment. Lofty AI offers stakes in rental properties, while Vesta Equity enables homeowners to sell equity tokens. These innovations challenge traditional investment models and regulatory frameworks, raising questions about their long-term community impact — CNBC

STR Regulations

🏡 Buncombe County STR Regulations: Big STR news buzz around Asheville. The Buncombe County Planning Board finalizes Draft #3, proposing a ban on future short-term rentals in single-family residential areas. The draft includes grandfathering existing STRs, banning them on steep slopes, in mobile home parks, duplexes, townhomes, and multi-family dwellings — WLOS

🏠 Houston's Short-Term Rental Hurdles: Houston faces growing issues with unregulated short-term rentals, leading to neighborhood disturbances and safety concerns. Mayor John Whitmire is pushing for regulation, drawing from cities like New York (oh my) and Los Angeles that have implemented laws to manage these rentals responsibly — Houston Chronicle

🚫 Santa Ana Short-Term Rental Ban: Santa Ana City Council enacts an urgent ordinance banning short-term rentals like Airbnb, citing quality of life and housing supply concerns, while considering future regulations to potentially allow them under specific conditions — Voice of OC

📌 Long Beach Rental Regulations: Long Beach City Council moves to update short-term rental rules following safety incidents. Changes aim to clarify enforcement, enhance penalties for violence, and address community concerns. The amendment process begins, with stricter regulations and fee adjustments on the horizon — Southern California News

🚫 Phoenix STR Crackdown: Ahead of the NCAA Men’s Final Four, Phoenix enforces short-term rental permits, with fines up to $3,500 for non-compliance. The city has initiated over 900 enforcement cases to ensure property owners adhere to the regulations, highlighting safety concerns — Your Valley

🔍 Airbnb vs. EU Data Rules: Airbnb criticizes the European Commission for imposing strict data-sharing rules on short-term rental platforms while excluding entities like Google Travel. The company argues for uniform regulations across the EU to reduce compliance burdens and suggests that current disparate local requirements are inequitable and costly — Skift

STR LOAN SOLUTIONS by HOST FINANCIAL

💵 DSCR rates NO CHANGE from prior week.

💸 Treasury yields FLAT from prior week to 4.31%.

🏦 Conventional mortgage rates INCREASED  slightly from prior week to 6.80%.

🛠 STR Partner Tools & Resources

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

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

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

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

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

⛑ STR Insurance Quote in seconds from Steadily to see how much you can save.