🔥 (17) STR Homes for Sale | 6-26-24

Hello STR Scout Members,

🔥 In this email:

• Trending STR Homes for Sale: (17) new on and off-market STR Homes for Sale in (10) STR markets.

• Join Us In Las Vegas — Inman Connect is the leading event for the residential real estate industry. Register now!

• Trending News Nuggets: Here is what’s trending in real estate, economy, travel, and headline news.

Have a great weekend!

Best regards,

Andy Thoms
STR Scout

Your Next Mountain Retreat: Ideal STR in Banner Elk

🏡 $925K | Banner Elk, NC: Ideal 3br 3ba mountain retreat, 2680sqft, perfect for an STR.

• Revenue projections indicate $92k-$136k, depending on host status.

• Features spacious decks on both the front and back for relaxing and enjoying serene mountain views.

• Situated in a private location minutes from shopping, dining, and outdoor adventures in Banner Elk.

• Ample space to comfortably host up to 12 guests, making it ideal for families or groups. A great blend of tranquility and convenience.

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:

Host Financial has successfully financed numerous members in our group for STR purchase, refinance, and rehab loans.

Discover their full array of competitive STR loan solutions that will help you achieve your financing goals:

• STR Cash-Out Loan: Access your equity to generate cash.

• STR Bridge Loan: Use your equity for short-term needs.

• STR Rehab Loan: Upgrade or expand your STR.

• STR Pre-Approval Letter: Strengthen your purchase offers.

You need a trusted STR lender on your team. Get a quote, build a relationship with a trusted STR lending specialist, and explore how their loan solutions can help you achieve your financial goals. It’s fast and easy.

Cute Cabin Tucked in the Towering Pines

🏡 $650K | McCall, ID: Charming 2br 1ba cabin, 1024sqft, perfect for an STR.

• Fully furnished and ready to welcome guests.

• Conveniently close to town yet offering a peaceful retreat.

• Enjoy the serene surroundings of towering pines.

• Ideal for a relaxing getaway or a cozy home.

View Property Details
STR Agent: Lauren Sawyer
Text or Call: 208-859-8010

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

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

$225K | Bluewater Bay, FL: Lakefront 1BD, 1BA STR condo just 15 min from Destin. Steady income for the past 2 years. Ideal for investment or personal use. Selling due to new construction plans. View Post.

$389K | Cape Coral, FL: 3BD, 2BA with heated screened pool, large backyard with southern exposure. New roof, AC, pool heater/pump, water heater, and recent repaint. Includes furnishings. View Post.

$475K | East Stroudsburg, PA: 4BD, 3BA fully furnished with hot tub, sauna, games. Previously Airbnb, now $3500/mo long-term rent. STR allowed. View Post.

$550K | North Conway, NH: Vacation rental. $45K booked, averages $80K/yr gross. Selling due to relocation. Listing with agent in August. View Post.

STR CLASSIFIEDS | LISTED PROPERTIES  

$290K | Pigeon Forge, TN: 1BD, 1BA 680 sqft condo. Turnkey, sleeps 4, close to Parkway and The Island. HOA $200/mo. Includes pool, maintenance, and more. View Post.

$950K | Poconos, PA: Luxury 4BD, 3BA Chalet steps from beach, pool, marina. 2023 Revenue $124,125. Fully furnished, 7-seater hot tub, 2 game rooms, mini split HVAC. Sleeps 14+. View Post.

$460K | Branson, MO: Own 2 side-by-side mountain view rentals in the heart of Branson. Fully furnished units in The Vineyards, close to major attractions. Low COA dues, pool access. Seller financing available. View Post.

$320K | Tobyhanna, PA: TURNKEY home in gated community with 4 pools, beach, mini-golf, yoga, paddleboats. STR friendly, currently on Airbnb. Close to top attractions. View Post.

$493K | Nashville, TN: Converted garage 2-bedroom apartment. 5BD, 3BA, open living/dining area, flat lot with patio. Near Percy Priest Lake and parks. Remodeled with new paint, roof, gutters, fence, shed. View Post.

$499K | Gulfport, MS: Gulf views, 3 years old, successful STR, sold fully furnished. Modern design with open living area, stainless appliances, stone countertops, spa-like bathrooms, spacious bedrooms. View Post.

$790K | Nashville, TN: 3BS, 3BA, sleeps 10, skyline views, fully furnished. Must sell ASAP due to financial reasons. Credits for closing costs and special lending offers available. View Post.

$999K | Sarasota, FL: Profitable 4BD, 2.5BA Airbnb with huge pool on 1/2 acre. Remodeled, new roof, HVAC, pool pump. Sleeps 12, near SRQ airport. Gross Revenue: 2022 - $202,905, 2023 - $183,291, YTD - $72,702. View Post.

$1.390M | Jay, OK: New lakefront construction with 4BD, 3.5BA, eco-conscious design, and stunning Grand Lake views. Includes quartz countertops, Smart appliances, 2000 sqft deck, and concrete safe room. View Post.

$739K | Kissimmee, FL: Exceptional vacation home in Windsor at Westside resort community. 6 beds, pool, spa, game room, fully equipped kitchen, and luxurious furnishings. View Post.

$715K | Lakeside, OR: 2BD, 2BA lake house. Expansive deck, hot tub, pool table, private dock, and boat access. Fully furnished, ideal for vacation or STR. Includes kayaks, outdoor furniture, and more. View Post.

UPCOMING REAL ESTATE EVENT

TRENDING NEWS NUGGETS

🌺 Hawaii Visitor Decline: Hawaii's tourism faces continued decline as May 2024 hotel occupancy fell to 71.2%. Maui's rates are hit hardest by past wildfires and high costs, with occupancy at 58.3%. Honolulu shows resilience with 78.4% occupancy. Overall, Hawaii's tourism struggles with international visitor lag and domestic travel cooling, impacting local businesses and the economy. — Hawaii Travel News

🏠 Florida Housing Double Whammy: Florida's housing market faces high mortgage rates and expensive home insurance, causing longer market stays and buyer hesitation. Existing home sales dropped 0.5% for single-family homes and nearly 9% for condos/townhouses. Median prices rose to $427K and $330K respectively. Inventory levels are rising, with homes sitting longer. — Newsweek

✈️ Easier Access to Madeira: Azores Airlines now offers direct flights to Madeira's Funchal from Boston and Toronto, enhancing access for North American travelers. Weekly flights aim to boost tourism to the "Hawaii of Europe." New routes to Porto from Boston, New York, and Toronto further support this expansion. Madeira's beaches and hikes are now more accessible to U.S. and Canadian visitors. — TheStreet

🏡 Vacation Rental Measures: Maui vs. Barcelona: Barcelona plans to ban short-term rentals by 2028 to combat high rents, converting over 10,000 apartments for local use. Similarly, Maui aims to cut 7,000 rentals by 2026 for long-term housing amid wildfire recovery. Both initiatives face criticism for potential economic impacts and illegal rental increases, highlighting global tourism-housing balance challenges. — Hawaii Travel News

 💡 AI Revolutionizes Real Estate: The market for AI in real estate is projected to grow from $164.96 billion in 2023 to $731.59 billion by 2028. AI is being used for document review, financial evaluations, property maintenance, sustainability, security, visualization, and planning. However, challenges such as data readiness, algorithmic bias, and security concerns need to be addressed. — TechTarget

📈 US National Debt Hits Record $34.75 Trillion: The US national debt surged by $69.41 billion in one day, reaching an all-time high of $34.75 trillion. The Congressional Budget Office (CBO) projects debt to hit $50.7 trillion by 2034, 122% of GDP, with inflation slowing and the Federal Reserve expected to cut rates in 2025. — FinanceFlux

🏖️ 10 Best Beach Towns in Costa Rica: Discover Santa Teresa's surf culture, Nosara's wellness retreats, Tamarindo's beginner waves, Dominical's eco-adventures, and Puerto Viejo's Afro-Caribbean vibe. Explore Matapalo's remote beaches, Isla Uvita's tranquility, Jacó's lively surf scene, Montezuma's bohemian charm, and Manuel Antonio's rainforest adventures. — Travel + Leisure

💼 America's Middle Class Shrinking: Pew Research Center finds the middle class has shrunk from 61% in 1971 to 51% in 2023. Income inequality is growing, with upper-income households seeing faster income growth. Median middle-class income rose 60% since 1970 but lags behind the 78% increase for upper-income households. Experts warn of economic polarization and call for policy changes to support the middle class. — Newsweek

🏖️ Nantucket Rental Hits $100,000/Week: Despite market turmoil, a waterfront estate on Tom Nevers Road in Nantucket is renting for $100,000 per week, the highest in the island's history. The luxury compound includes a six-bedroom main house and a two-bedroom cottage. Market disruptions include a recent court ruling and rental regulation changes, leading to a 19% decline in rentals this summer. — Nantucket Current

🏠 18 Million Americans House Poor: A LendingTree study reveals 18.3 million U.S. homeowners are "house poor," spending over 30% of income on housing. High cost-of-living states like California, Hawaii, and New York have the most cost-burdened residents. Despite some managing these expenses comfortably, high inflation, record home prices, and rising mortgage rates are straining budgets. — CBS News

🏠 Housing Market's Weird State: Despite high interest rates, home prices remain high. A "rate lock" phenomenon has reduced home supply as owners hold onto low-rate mortgages. Home affordability has plummeted, with median prices soaring. New homes are filling some gaps, and rents are high but stabilizing in some areas. A potential shift may see more owners selling, but affordability issues persist. — The New York Times

🧰 STR TOOL & RESOURCES

💰 STR Loan Quote: Use this link to get your STR loan pre-approval letter, get a DSCR loan, STR cash-out refi, or rehab loan.

🧮 Airdna’s Revenue Calculator: Use this link to estimate your earnings potential on any STR homes for sale.

🏘 STR Property Management, get a free STR income report, from pure data that comes from “actual STR rental comps” near you! Discover full service management with Vacasa, the nations largest manager.

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