🔥 (22) STR Homes for Sale | 7-17-24

Hello STR Scout Community,

We are excited to announce that starting this Saturday, you’ll have exclusive member-only access to top-producing Vacasa homes for sale, complete with their 12-month trailing revenue (actual) history! Say goodbye to data guessing games.

🔥 This week’s email includes:

• Join Us at Inman Connect in Vegas: Check out this amazing lineup of real estate industry leaders speaking at Inman. Get the real pulse of the current U.S. real estate market at this event.

• STR Homes for Sale: Discover 22 new STR listings across 15 STR markets!

• News & Trends: Stay updated with the latest economic and real estate news.

Have a great week!

Andy Thoms

Founder - STR Scout

P.S. Stick with us to discover the best STR value globally! Some cool international deals and local STR intel are coming soon!

TOGETHER WITH INMAN CONNECT

Join Us at Inman Connect 2024: A Pivotal Event at a Pivotal Time for Real Estate Professionals!

The U.S. real estate market is undergoing significant transformations with industry disrupting legal battles, regulatory changes, technology shifts, and economic trends reshaping how we buy, sell, and invest in property. 

The Inman Connect stage is where real estate industry news breaks. We have been attending since 2018 and are never disappointed with the insight, knowledge, and connections, we make.

Join us in person or virtually for:

The Evolution of Buyer Agency Since the Sitzer | Burnett (real estate commission) Verdict: This landmark case has triggered recent settlements from major industry names. Get a front row seat as the real estate community grapples with the new reality reshaping the agent / client relationship and how real estate will be bought and sold.

Disruptive Tech Trends: CEOs from real estate’s big three web portals — Zillow, Homes.com, and Realtor.com — will take the stage to offer insights into how the portal wars are playing out.

Newsworthy Speakers: Industry leaders will share what’s ahead for the big companies in residential real estate and what it means for you. The full list of speakers includes:

•    Rich Barton: CoFounder & CEO, Zillow Group

•    Kevin Sears: 2024 President, National Association of Realtors

•    Glenn Kelman: CEO, Redfin

•    Andy Florance: Founder & CEO, CoStar Group

•    Damian Eales: CEO, Realtor.com

•    Kamini Lane: President & CEO, Coldwell Banker Realty

•    Liz Gehringer: President & CEO, Anywhere Franchise Brands

Join us!Don’t miss this opportunity to stay ahead of the curve in the ever evolving U.S real estate landscape.

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

💰 STR Loan Quote: Get an STR loan pre-approval letter, DSCR loan, cashout refi, or rehab loan in minutes.

$1.4M | Lake Ariel, PA: Luxurious 5BD lakefront estate on 4 acres with 91 ft of lake frontage. Fully furnished and gated for privacy. View Post.

$439K | Myrtle Beach, SC: Fully remodeled 4BD, 3BA condo steps from the beach. Sleeps 14, ideal for families/groups. Resort amenities: lazy river, hot tubs. Grossed over $90K in 2023. View Post.

$185K | Superior, WI: Renovated 2-story home in Billings Park. 3BD, 1BA. Close to trails, dog park, boat ramps. Last 12 months gross revenue $40K. View Post.

$215K | Superior, WI: Spacious 2-story home in Billings Park. 3BD, 1BA. Close to Millennium Trail, boat ramps, and Twin Ports shipping hub. Last 12 months gross revenue $41K. View Post.

$258K | Dallas, TX: Recently renovated 1BD, 1BA city condo near Katy Trail. Ideal mid-term rental with $2600-$2800/mo gross on Airbnb. Turn-key with turfed yard, cedar deck, and dedicated workspace. View Post.

STR CLASSIFIEDS | LISTED PROPERTIES

💸STR Insurance Quotein seconds to see how much you can save! What are you waiting for?

$649K | Sevierville, TN: Price improvement! True 4BD, 4BA in the Smokies. Sleeps 14. Fire Marshall inspection pass, permit valid through May 2025. Grossed $82K in 2023, projecting $72K in 2024. View Post.

$275K | Quincy, CA: Prime commercial property on E. Main St. Almost 7000 sqft. Leased front office space, 1-bed apartment, 3-bed home. Ideal for versatile investment opportunities. View Post.

$399K | Lake Coeur d’Alene, ID: 2BD, 2BA waterfront cabin with boat slip. Updated kitchen, new hot tub, and Starlink. Fully furnished with summer bookings. View Post.

$175K | Cuchara, CO: 1BD, 1BA, 637 sqft condo in Aspen Leaf Village. Beautifully remodeled with low utilities, fully furnished, and steps from Cuchara Mountain Park. Ideal for income or a serene mountain retreat. View Post.

$399K | Mentone, AL: Charming cabin on Lookout Mountain. 2BD, 3BA, 1407 sqft on 1.84 acres. Ideal for vacation rental or full-time living. Hot tub, fire pit, loft, and stream. Fully furnished, great rental history. View Post.

$999K | Ottawa, IL: Lakeside retreat on 107 acres in Starved Rock Country. 2BD, 2BA, 2250 sqft home with open floor plan, cozy fireplace, and expansive screened-in porch. View Post.

$600K | Wears Valley, TN: Income-generating cabin near Pigeon Forge & Great Smoky Mountains NP. 3BR, 2BA, 1328 sqft. Grossed $83K in 2022 & $73K in 2023. View Post.

$399K | Cheyenne, WY: Brand new, uniquely designed cottage with stunning views near Crystal Lake. Huge deck, ideal for STR. Perfect private retreat or rental property. View Post.

$425K | Swanville, ME: Lakeside retreat on Swan Lake with 3BD, 3BA, and natural light-filled spaces. Private dock, comfortable recreation room, and high-speed internet. View Post.

$629K | Sevierville, TN: New 2BD, 2BA 920 sqft cabin on 4 acres, fully furnished, hot tub, private. Projected $80K+ rental income, 18-26% COC return. View Post.

$799K | Groveland, CA: 5BD Airbnb near Yosemite, grossing $120K. Includes almost new furnishings and optional adjoining 1-acre land for further Airbnb development. View Post.

$1.2M | Blue Ridge, GA: 4BD, 3.5BA log cabin with deeded Lake Blue Ridge access, chef's kitchen, smart home tech, hot tub, and Tesla charger. Proven Airbnb income. View Post.

$335K | Port Bolivar, TX: 3BD, 2BA home with laminate flooring, crown molding, granite countertops, walk-in pantry, covered patio, and wooden deck. Near Bolivar Beach. View Post.

$550K | Corpus Christi, TX: 4BD, 4BA home with detached garage/apartment. Fully functional Airbnb short-term rental. View Post.

$599K | Salem, SC: Lakefront 5BD, 3BA home with covered dock, garage, 1.2 acres, gentle slope. Ideal for STR or multigenerational living. View Post.

$789K | Olympia, WA: Charming mid-century Rambler near amenities. Main house: 4BD, 2BA. Attached ADU: 2BD, 1BA. Two-thirds acre with greenbelt privacy and trail access. View Post.

$474K | Gulfport, MS: 3BD, 2BA, 2000 sqft Gulf views, successful STR. Fully furnished, modern luxury with $7k credit towards rate buy down for full price offer. View Post.

TOGETHER WITH VACASA

📣Coming Soon! Exclusive member-only access to Vacasa’s top turnkey STR’s for sale in their prime STR markets, each listing will include actual gross revenue numbers! No more revenue (data provider) guesswork!

💼STR Property Management:Get a free STR income report that pulls “actual STR rental comps” near your property! Discover full service management with Vacasa, the nations largest STR manager.

TRENDING NEWS NUGGETS

🎢Housing Market Rollercoaster: Explore six revealing charts that dissect the current housing market. Sky-high mortgage rates, soaring home prices, and dwindling affordability make homeownership a daunting dream for many. These insights are crucial for short-term rental investors assessing market conditions. — CNBC

🏡Housing Analyst Sees Retro Trends: Bill McBride, who predicted the 2008 crash, foresees a market echoing 1978-1982 with overheated prices and high interest rates but no crash. He highlights the role of inventory levels and regional challenges, like rising insurance costs in the South, affecting home prices. — Fast Company

💥Southern Housing Bubble Set to Burst: Real estate expert Nick Gerli warns of an imminent market crash in the American South, citing an oversupply of new homes in states like Florida, Georgia, Tennessee, and Texas. With prices and demand declining, rental investors should monitor market shifts closely for potential opportunities. — New York Post

🎈Austin Housing Market Hits New High in Listings: Housing inventory in Austin surged to 10,913 last month, a 41% rise from pre-pandemic levels. As supply outpaces demand, rental investors could find new opportunities amidst the shifting market dynamics, particularly in an area known for rapid growth. — Newsweek

🧠Rentvesting: A Smart Way to Enter the Housing Market: "Rentvesting" lets individuals rent their primary residence while buying an investment property elsewhere. Ideal for those priced out of their city, this strategy helps diversify investments. Keep in mind costs like property management and potential vacancies. — CNBC

💼St. Pete Eyes $10K Fines for Rental Violations: St. Petersburg is considering hefty fines up to $10,000 for repeat short-term rental offenders. Amid challenges enforcing rental laws, this move aims to curb violations and maintain neighborhood integrity. This could impact short-term rental investors significantly. — St. Pete Catalyst

📈Sunbelt Cities Face Surge in Evictions: Major Sunbelt cities like Houston, Las Vegas, and Phoenix are seeing a spike in evictions, with filings up over 35% from pre-pandemic levels. Rising rents and a shortage of affordable housing highlight investment risks and opportunities in these booming markets. — The Wall Street Journal