🔥 STR Homes for Sale | Off-Market STR Portfolio in St. Augustine, FL

St. Augustine, FL | Premier Beach Condo Portfolio (15 units) Priced BELOW Fair Market Value!

Exceptional STR Revenue in a Prime Short-Term Rental Market

Off-market portfolio with 15 turnkey STR beach condos. Each condo has a successful rental history, high occupancy rates, and excellent guest reviews. This is priced below market.

All the units are STR approved and strategically nestled in the most sought-after beach locations in Saint Augustine, FL. They promise not only a proven historical return on investment but also a seamless entry or expansion into the lucrative short-term rental arena.

Portfolio Highlights: Request Financials

• Robust Average Cap Rate: 7.26% blended, with cap rates from 6% to 8.5%, signaling strong profitability across the board.

• Fully Furnished Turnkey Solutions: Immediate revenue with all future bookings included.

• Comprehensive Turnkey Package: Inclusive of current listings, current financials, and previous customer data for a smooth transition.

• Short-Term Rental-Friendly HOAs: No rental restrictions, ensuring freedom and flexibility in operations.

• Buy Portfolio or Cherry Pick: Seller will consider selling as individual units. Priority will be given to buyers who want to acquire the whole portfolio.

STR Property List: Request Property Detail List

• $695k | Ocean Villas | 3/3 | $82k Revenue | Airbnb Listing

• $310k | Ocean Village Club | 1/1 | $33k Revenue | Airbnb Listing

• $645k | Pier Point South | 2/2.5 | $70k Revenue | Airbnb Listing

• $285k | Ocean Village Club | 1/1 | $39.6k Revenue | Airbnb Listing

• $300k | Ocean Village Club | 1/1 | $38.5k Revenue | Airbnb Listing

• $325k | Beachers Lodge | 1/1 | $46.6 Revenue | Airbnb Listing

• $285k | Ocean Villas Club | 1/1 | $45k Revenue | Airbnb Listing

• $325k | Ocean Villas Club | 1/1 | $51k Revenue | Airbnb Listing

• $750k | Pier Point | 2/2 | $89k Revenue | Airbnb Listing

• $325k | Ocean Villas Club | 1/1 | $43k Revenue | Airbnb Listing 

• $325k | Beachers Lodge | 1/1 | $46.3 Revenue | Airbnb Listing 

• $325k | Beachers Lodge | 1/1 | $44.4 | Airbnb Listing

• $300k | Ocean Villas Club | 1/1 | $50.4 Revenue | Airbnb Listing

• $300k | Ocean Villas Club | 1/1 | $37k Revenue | Airbnb Listing

Investment Advantages: Request Financials

• Strong Historical Occupancy: Location and quality ensure high demand to generate consistent and lucrative revenue stream.

• Quality and Guest Satisfaction: Outstanding guest reviews underscore the appeal and excellence of each property.

• Prime Locations: Perfectly positioned to maximize tourism and vacationer interest, these properties are investment gems.

• Priced Right: The seller has priced these aggressively.

This portfolio offers a golden opportunity for both seasoned and new investors, providing everything needed for a prosperous turnkey portfolio in the short-term St. Augustine market. This is an extraordinary opportunity to acquire a proven and diversified STR portfolio with a well documented revenue stream.

Saint Augustine STR Market Summary

St. Augustine's short-term rental (STR) market boasts a market score of 97 out of 100, highlighting its robust performance and significant potential for STR real estate investors.

STR Market Performance Overview

• Market Score: 97/100, indicating a thriving STR market.

• Investability: 74, showcasing strong potential for investment.

• Rental Demand: 65, reflecting healthy demand with opportunities for growth.

• Revenue Growth: A slight decrease of 5% over the past year, with a positive outlook for future growth.

• Occupancy Rate: Currently at 59%, indicating a decrease but with room for strategic improvement.

• Average Daily Rate (ADR): Stands at $277.2, slightly down by 1%, suggesting stable pricing in a competitive market.

Market Composition & Trends

• Listings Growth: An 8% year-over-year increase, signaling a growing market.

• Rental Channels: Airbnb (30%), Vrbo (21%), and both (49%), indicating diverse market strategies.

• Property Types: Predominantly 2-bedroom (39%) and 3-bedroom (26%) properties, catering to families and groups.
  

Top Attractions

• St. Augustine attracts visitors with its historic sites, beaches, and cultural offerings. Key attractions include the Castillo de San Marcos, St. Augustine Lighthouse, and the historic downtown.

Getting Here

• Access is primarily through Jacksonville International Airport (JAX) and Daytona Beach International Airport (DAB), with St. Augustine also being a popular drive-to destination for those in Orlando, Tampa, and Miami.

Tourist Numbers

• The city welcomes approximately 6 million tourists annually, showcasing steady growth and underscoring its popularity among visitors.

Operational Insights and Strategic Implications

• Amenities: Essential amenities like air conditioning, wireless internet, and parking are critical, with pools being a significant draw. These condos have the amenities guests love.

• Regulatory Landscape: Navigating the moderate regulatory environment (score of 49) is essential for compliant operations.

• Largest Property Managers: Notable property managers include Coastal Realty, Vacasa, and iTrip Vacations, highlighting the competitive landscape.

Conclusion and Recommendations

Investing in St. Augustine's STR market offers promising returns, especially for those who adeptly manage seasonality and pricing strategies. By leveraging the city's tourist appeal, investors can optimize this condo portfolio for maximum occupancy and revenue.

^{Source: Airdna.co and local research and market insight.}