🔥 (26) STR Homes for Sale | 7-31-24

^{TOGETHER WITH:}

Welcome to this week's STR Scouting Report, brought to you by our valued lending partner, Host Financial.

STR Inventory is growing and sellers want offers! Secure your STR loan Pre-Approval letter today to boost your chances of an accepted offer.

Greetings,

I'm currently at Inman Connect in Las Vegas, gaining valuable insights into the U.S. real estate market from the industry's thought leaders. The main message is clear: markets are shifting nationwide to a buyer's market. Get pre-qualified and start making offers!

🔥 This weeks scouting report:

• Vacasa Managed STR Deals: Find Vacasa managed turnkey STR Homes for sale in Panama City.

• STR Homes for Sale: Explore (26) new on/off-market STR Homes for Sale in (10) STR markets.

• News Nuggets: Stay informed on the regulations, news, and economy trends impacting short-term rental investors

Happy Scouting!

Andy Thoms
STR Scout

VACASA MANAGED | STR HOMES FOR SALE

💰Get an STR Income Estimate Today

Take the guesswork out of the revenue numbers! Get an income estimate and discover how you can earn more with Vacasa.

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

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

$289K | Sugarloaf, CA: 2BD, 1BA 812 sqft Gambrel-style cabin. Rustic charm with modern amenities. Steps from National Forest. Ideal for hosting gatherings or serene getaways. View Post

$299K | Bristol, TN: 2BD, 2BA one-level STR. Turnkey with hot tub and outdoor amenities. Grosses $51K. Near downtown attractions. View Post

$335K | Gatlinburg, TN: 1BD, 1BA condo, 2 blocks to downtown. Fully furnished with in-room whirlpool, gas fireplace, and seasonal pool. Grosses $45K. Low HOA. View Post

$495K | Townsend, TN: 1BD, 1BA cabin. Fully furnished with neighborhood pool. Gross income $64K. Removed from rental platform for owner use. View Post

$659K | Panama City Beach, FL: 2BD, 2BA beachfront condo. Strong rental history, giant balcony, beachfront pool, gym. COA fees: $859/mo. View Post

$799K | Gatlinburg, TN: 4BD, 2BA, 2 half-bath cabin on quiet lot. Turnkey STR with new AC, appliances, and games. 3-year rental history. Near downtown. View Post

$1.099M | Wolcottville, IN: 4BD, 3.5BA STR on Dallas Lake. Fully furnished and turnkey. Private boat ramp, panoramic sunrise and sunset views. Bookings through Labor Day 2024. View Post

$1.1M | Edisto Island, SC: 3BD, 3BA renovated STR overlooking golf course. Easy beach access, walking distance to restaurants and amenities. View Post

$1.695M | Hilton Head Island, SC: 4BD, 3BA updated home with 2160 sqft in Sea Pines. Private heated pool, swim-up bar, hot tub. Established vacation rental since 2017. Fully furnished. View Post

STR CLASSIFIEDS | LISTED PROPERTIES  

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

$369K | Satsuma, FL: 3BD, 2BA 1183 sqft home on Dunns Creek. Successful Airbnb with new roof, AC, dock, and more. Expansive covered back porch, bright open living space. View Post

$379K | Gatlinburg, TN: 2BD, 2BA plus loft condo. Turnkey with mountain views. All furniture included. View Post

$420K | Gatlinburg, TN: 3BD, 3BA updated condo in High Alpine Condos. 1406 sqft with luxury vinyl plank floors and solid surface countertops. View Post

$439K | Sevierville, TN: 1BD, 1BA new construction cabin. Seasonal lake views, motivated seller. View Post

$449K | Mabank, TX: 4BD, 4BA lakefront STR at Cedar Creek Lake. Large decks, balconies, and patios. Makes $30-40K. Minimal marketing. Managed property. View Post.

$469K | Gulfport, MS: 3BD, 2BA home with Gulf views. Successful STR with $65K potential. Fully furnished. Seller offers $7K credit for rate buy down. View Post

$470K | Newport, NJ: 3BD, 2BA home at Gandy's Beach with 1568 sqft. New laminate plank flooring, stainless steel appliances, propane fireplace, and renovated deck overlooking Delaware Bay. View Post

$650K | Nampa, ID: Brand new duplex with 2BD, 2.5BA per unit. Each unit includes custom tile showers, upgraded appliances, and quartz countertops. No HOAs. View Post

$650K | Albrightsville, PA: 4BD, 4BA STR in the Poconos. Self-managed with local maintenance support. 2023 gross revenue $41,885. Includes hot tub and pool table. View Post

$770K | Chattanooga, TN: "The Nest" on Lookout Mountain. 3BD, 3.5BA turnkey STVR. Near Ruby Falls. Upper and lower wraparound decks, scenic views, 2768 sqft. Fully furnished. View Post

$1.689M | Sevierville, TN: 9 sleeping areas, 5BD cabin with 10BA. Theatre room, game room, mountain views, outdoor firepit. 2023 revenue: $174,549. View Post

$3.6M | Hurricane, UT: 19BD, 19BA multi family home near Zion National Park. Zoned for nightly rentals. Gross revenue of $360K in 2023. Includes all furnishings and equipment. View Post

TOGETHER WITH VACASA

💼 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

🏡 Pandemic Boomtowns on the Brink: Experts predict significant home value drops in pandemic boomtowns like Boise, Austin, and Phoenix by the end of 2025. With rising prices and changing job dynamics, short-term rental investors should prepare for potential market corrections and seize opportunities before prices fall — Yahoo Finance

🌞 Barcelona Bans Short-Term Rentals by 2028: To combat skyrocketing housing costs, Barcelona plans to eliminate 10,000 short-term rental licenses by 2028, prioritizing local residents over tourists. This move may inspire similar actions in other popular tourist cities, affecting property owners and short-term rental investors worldwide — AP News

💰 US National Debt Soars to $35 Trillion: The US national debt has surged to $35 trillion, with the debt-to-GDP ratio at a hefty 121.7%. This signals potential instability for short-term rental investors, as future economic downturns could tighten credit and impact real estate markets — Wolf Street

🏡 Big Cash Buyers Retreat, Small Investors Surge: As institutional cash buyers pull back, small investors are filling the gap, making it easier for everyday homebuyers. This shift levels the playing field, reducing price pressures and allowing smaller investors to thrive in real estate markets — Yahoo Finance

🏢 South Florida's Condo Conundrum: Facing mandatory structural inspections and increased reserve funds post-Surfside, older condos flood the market, pushing prices down. This glut creates opportunities for short-term rental investors to capitalize on potential rental conversions amidst buyer hesitation towards vintage units — WLRN