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  • 🔥 (21) Turnkey STR Homes for Sale | 6-15-24

🔥 (21) Turnkey STR Homes for Sale | 6-15-24

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🔥 In this email:

  • Trending STR Homes for Sale: This week’s top 21 new STR Homes for Sale in 11 hot STR markets.

  • Trending News Nuggets: The latest real estate, economy, travel, headlines.

Best regards,

Andy Thoms
STR Scout

Historic Charm Meets Modern Elegance in Gateway to Glacier National Park Town

🏡 $1.05M | Kalispell, MT: Stunning 7br 5ba home, 3891sqft, located in the gateway to Glacier National Park.

  • STR income projections range from $140k to $190k.

  • This fully updated/remodeled property is nestled in the downtown historic district, just 3 blocks from Main Street.

  • Ideal for large groups, the home is a rare historic gem perfect for investment or as a family retreat.

  • Enjoy the convenience of shops, restaurants, and entertainment on your way to the National Park. A unique blend of history and luxury.

View Property Details
STR Agent: John Hayes
Text or Call: (850)-375-4113
Agent Website

Want to see your property here? Click here to start:

Your Next Investment Property is in the DownEast of Maine: Vacationland The Way Life Should Be!

🏡 $499K | Orland, ME: This 4br 1.5ba home, 1780sqft, is located in a desirable STR-friendly area near Acadia National Park.

  • The property grossed $9,000 from August to October 2022, and after reopening in May 2023 post-renovation, it grossed $50,000 for the year, with similar performance expected for 2024.

  • Recent renovations include a new metal roof, updated kitchen and bathroom, and a finished barn space for small events.

  • Turn-key and fully furnished, this property is ready for your investment.

View Property Details
STR Agent: Tara Clark
Text or Call: (207)-664-9719
Property Website

Want to see your property here? Click here to start:

Private Mountain Retreat: Premier Short-Term Rental Investment

🏡 $1.05M | Weaverville, NC: This 3br 3ba home spans 3343sqft!

  • Revenue projections averaging $79k-$215k for hosts and $215k-$303k for super hosts.

  • Nestled at the end of a lane and surrounded by 10 acres of natural beauty, this property provides a serene and secluded getaway.

  • Enjoy a hot tub and a 10-foot recycling waterfall for ultimate relaxation.

  • Additional features include two separate offices, a workshop/storage in the basement, and a spacious living area for comfort and convenience. A perfect blend of nature and luxury.

View Property Details
STR Agent: Tyler Coon
Text or Call: 828-620-2541
Website 
Book a Call

Want to see your property here? Click here to start:
STR CLASSIFIEDS | OFF-MARKET PROPERTIES

$190K | Mena, AR: Pretty in the Pines - a charming, fully functional container home surrounded by Ouachita National Forest. Features proximity to ATV trails, built in 2023. Perfect for a secluded getaway. View Post.

$430K | Tobyhanna, PA: The Conestoga Ranch - 3 bed/2 bath, 2,336 sqft Western-themed ranch in Pocono Farms Country Club. Open concept, newly renovated with 2 wood-burning fireplaces, game room, sunrooms, and new hot tub. Amenities: golf course, clubhouse, pool, beach lake, tennis/basketball courts. Close to Kalahari, Camelback, Mount Airy Casino, and more. View Post.

$385K | Hot Springs Village, AR: Updated 3 bed/2 bath townhome on Lake Balboa. Sleeps 8 with 2 king beds, 2 twin beds, and 2 rollaway beds. Enjoy fishing, kayaking, or relaxing on the patio just 17 ft from the lake. Hot Springs Village offers 7 golf courses, 5 private lakes, hiking/biking trails, tennis, and more. Only 20 minutes from Hot Springs for shopping and attractions. View Post.

$975K | Wittmann, AZ: Custom-built home on 5.74 acres, designed for horse enthusiasts. Features 2 beds, 2 baths, open floor plan, and custom finishes. Includes a fully equipped barn with nine stalls, shop, tack room, arena, and multiple electric and plumbing amenities. Ideal for equestrian living in a serene rural setting. View Post.

$820K | Hollywood, FL: 4 bed/3 bath home with pool and patio on a corner lot. No HOA. Perfect for short-term rentals. Only 10 minutes to Hollywood Beach. View Post.

$2.3M | Gallatin, TN: Historic 1830's Pilot Knob Estate on 2.9 lakefront acres. Fully furnished with main home (3,724 sqft, 3 bed, 3.5 bath), plus two cabins (1,731 sqft, 2 bed, 1.5 bath & 1,209 sqft, 1 bed, 1 bath). Ideal for multigenerational living or short-term rentals. Features include spacious rooms, lake view deck, saltwater pool, workshop, and Cherokee Medicine wheel. Successful rental business with 5-star rating, sleeps 25 guests. Staff available for transition. View Post.

$1.2M | Fort Pierce, FL: Remodeled 3 bed/2.5 bath home steps from private beach, ideal vacation rental with $130K income in 2023. New roof (2019), HVAC (2023), appliances. Features SwimSpa/Plunge Pool, artificial turf, and more in backyard. Near Jaycee Park with tennis, pickleball, basketball. Quiet neighborhood, short drive to restaurants. Partial ocean views, constant ocean breeze. View Post.

$900K | Cape Cod, MA: Two charming 2-bedroom cottages, 516 sqft each, close to ocean beaches and town amenities. Cul-de-sac location with separate driveways, updated features including new flooring, smart locks, and outdoor shower. Town water & sewer, potential for A/C and kitchen upgrades. Self-managed on Airbnb & VRBO, 2023 grossed $102,830. Viw Post.

$559K | Cape Coral, FL: Charming 4 bed, 2.5 bath home in SW Cape Coral. Ideal for relaxation with a well-kept pool, fenced yard, and outdoor living. Fully furnished with spacious rooms, modern kitchen, and cozy master suite. Located near beaches, dining, and shopping. Perfect for family getaways. View Post.

STR CLASSIFIEDS | LISTED PROPERTIES  

$297K | Bradenton, FL: Fully furnished 2 bed/3 bath townhome in gated Sabal Harbor. No rental restrictions. Updated with new flooring, AC, and fresh paint. Amenities: pool, playground, basketball, and tennis courts. Close to shopping, restaurants, Anna Maria Island, and Sarasota Airport. View Post.

$450K | Honolulu, HI: Prime short-term rental eligible 1-bed unit in Waikiki on Kalakaua Ave. Top floor, full kitchen, near Waikiki Beach & Ala Moana Center. Financing assistance available. View Post.

$799K | Nashville, TN: New 4 bed, 4 bath construction for non-owner-occupied short-term rentals. Balconies, rooftop views, open living, 5 mins to downtown in West Trinity. Prime Nashville investment. View Post.

$899K | Bradenton, FL: Newly remodeled 3 bed, 2 bath pool home in Sagamore Estates. Modern kitchen, pool spa, near beaches, dining, and shopping. Active Airbnb with no minimum lease requirement. View Post.

$315K | Charlotte, FL: Charming rancher in Southwest Florida, ideal turnkey Airbnb with in-ground pool. Tastefully decorated interior, convenient location near attractions, private retreat ambiance. Fully equipped for seamless stays, generated $42K last year. Furnishings available for $5K. View Post.

$899K | Gatlinburg, TN: Popular Airbnb & VRBO rental cabin, 2021 build, 5 mins from downtown. 4 master suites, game room, city utilities, $97,116 rental income in 2023. View Post.

$667K | Paonia, CO: Beautiful mountain home with two STR units, each 1800 sqft with kitchen and laundry. Close to Aspen, Vail, and Glenwood Springs. Property features vineyards, orchards, and a large finished shop. Furnished and move-in ready. $3,250/month long-term rental or $6,100/month as STR. Owner relocating due to health reasons. Negotiable. View Post.

$435K | Panama City Beach, FL: Tidewater Beach Resort condo, 16th floor. Updated 1 bed, 2 bath, 934 sqft with stunning views. Owner financing: 20% down, 7% interest, 5-year balloon. Main expenses: HOA $1723/qtr, Taxes $4500/yr, Utilities $1200/yr, Insurance $1300/yr. Other offers without owner finance considered. View Post.

$2.050M | Inlet Beach, FL: Newly built coastal retreat in gated Treetop Village on 30A. Fully furnished, 4 bedrooms with 4 king beds plus bunk beds, sleeps 13 with private bathrooms in each room. Deeded beach access with seasonal tram to Seacrest Beach. Excellent STR potential, contact agent for income details. 5.99% interest rate available on partial loan amount, inquire with listing agent for eligibility. View Post.

TRENDING NEWS NUGGETS

📉 Home Sales Hit Near-Decade Low: High home prices, elevated mortgage rates, and a housing shortage drove U.S. home sales down 1.7% month over month and 2.9% year over year in May. The median sale price reached a record $439,716 as supply remained 25% below pre-pandemic levels. Nearly 20% of listings saw price cuts, especially in areas like Florida and Texas. Despite a 0.4% rise in active listings from April, they are still 25% below pre-pandemic levels, with markets like North Port, FL, seeing a 51.1% surge in listings. — Redfin

Experiencing Punta Pacifica: Dubbed a "little Dubai" or the "Miami of Latin America," Punta Pacifica in Panama City is renowned for its luxury, featuring man-made islands, private marinas, and $5 million penthouses. Staying at the five-star JW Marriott Panama, the opulence of the neighborhood, including its famous TOC building, was evident. Originally the Trump Ocean Club, it now hosts luxury condos and hotel amenities. The area, developed in the early 2000s, is home to some of Panama's wealthiest, offering high-end real estate and exclusive island escapes. — Business Insider

📉 Mortgage Rates Set to Drop: The World Bank predicts that as inflation cools to the Fed's 2% target, borrowing costs, including mortgages, will decline significantly by the end of 2026. This decrease is expected to boost the U.S. housing market, which has been strained by high mortgage rates and elevated prices. Despite high rates, U.S. economic growth is projected to perform better than expected in 2024, with a growth rate of 2.5%, though a slowdown is anticipated in 2025 due to the effects of past monetary tightening. — Newsweek

🏦 Potential Regional Bank Failures: US regional banks might face more failures due to high concentrations of troubled commercial real estate loans, warns Pacific Investment Management. High borrowing costs have reduced property values, impacting banks' balance sheets. New York Community Bancorp recently slashed its dividend and raised cash for potential bad loans, and US Bancorp increased its provisions for credit losses. Uncertainty over Federal Reserve interest rate cuts exacerbates challenges, with high rates potentially limiting new housing supply and increasing rent inflation. — Bloomberg

📈 Sticky Housing Inflation: May's Consumer Price Index (CPI) shows housing inflation persisting, with shelter costs rising 0.4% month-over-month, the largest contributor to core CPI. Despite overall headline inflation easing, economists like Stephen Juneau of Bank of America note a lack of moderation in rent and owners' equivalent rent. However, market rent trends suggest future easing. Federal Reserve Chair Jerome Powell remains optimistic about long-term moderation. New apartment supply has helped slow rent growth, but high interest rates could hinder future housing supply, potentially reaccelerating rent inflation. — Yahoo Finance

Weaverville Advances Short-Term Rental Regulations: While Buncombe County paused its decision on short-term rental regulations, Weaverville's Planning Board voted 3-2 to recommend restrictions on new rentals via platforms like Airbnb. These proposed regulations, developed over a year of discussions and input sessions, aim to address housing affordability and neighborhood character. The Weaverville Town Council will consider the recommendation on June 24. Opponents argue the economic benefits and insufficient data against restrictions. The draft regulations would limit new rentals to certain districts, with existing ones grandfathered in. — BPR News

📈 Rising Hidden Costs of Homeownership: US homeowners now pay an average of $18,118 annually on property taxes, insurance, maintenance, energy, and other expenses—up 26% from four years ago, according to Bankrate. The surge is driven by rising maintenance and insurance costs, with insurance premiums spiking due to extreme weather events. Even with high home values boosting net worth, these escalating expenses are straining budgets, especially in high-cost states like California. First-time buyers are advised to budget for these hidden costs to avoid financial strain. — CNN

🏡 Real Estate Crisis and PropTech Solutions: The real estate industry is already in a downturn, facing unprecedented challenges like high inflation, rising costs, and squeezed profit margins. Multifamily properties and single-family rentals are particularly affected. PropTech can play a crucial role in mitigating these issues by leveraging data analytics, predictive insights, and innovative financial products. These technologies streamline operations, enhance tenant experiences, and create new revenue streams without raising rents, providing a lifeline in these turbulent times. — Propmodo

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