🏠 11 best short term rental opportunities | January 29, 2024

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I mean, check out this setup. Currently an Airbnb and crushing it. Listed for $639k and featured in the Pro version of this newsletter.

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Winding, wooded lane leads to this mid-century style home sited on nearly 5-acres of privacy. Anchored by a massive 3-sided fireplace, this sprawling architectural floor plan features soaring vaults, flagstone flooring and an indoor resort-style pool and entertainment room. Main floor living includes center island kitchen with Wolf and Subzero, multiple gathering spaces and four bedrooms including primary bedroom with private luxury bath and wall of glass opening to deck/patio with woodland views. Pool room features water slide, spa, entertainment room, wet bar, and a dedicated climate control system.  Additional features include an elevator, large storage spaces and workshop. Outside features multiple entertaining spaces, putting green and a wooded path leading to a huge level lawn. Demand location minutes to 394, Downtown Wayzata and Wayzata Schools.

  • $1,499,900

  • 4 Bedrooms, 5 Bathrooms

  • Average Daily Rate: $722

  • Expected occupancy rate: 62%

  • Monthly expected income: $13,616

  • Monthly expected expenses: $11,234

  • Monthly expected cash flow: $2,382

  • Expected cash on cash return: 7.4%

Come experience your new best life in this turnkey, unique custom-built estate on over eleven acres.  Designed to maximize views of Cerro Pedernal, Abiquiu Lake, and the red rocks of the Georgia O'Keeffe Ghost Ranch, this luxurious home maximizes the beauty and splendor that northern New Mexico has to offer. This property is a true work of art, created with a vision of unmatched elegance while blending seamlessly into the natural landscape.This adobe style residence is truly one of kind and was designed to capture the natural beauty of the landscape surrounding it. Designed with a host of unique features, the house includes an extraordinary open living space with high arches, a central gas fireplace, and floor-to-ceiling windows overlooking endless views. At approximately 3400 sq ft of living space and over 750 sq ft. of portals with 4 bedrooms and 2.5 baths, there is plenty of room for all your loved ones and guests. The property also features outbuildings, including a large multi-room storage shed on the upper level near the home and a secondary outbuilding with a covered porch that could easily house livestock or horses. Upper and lower parking areas ensure there is ample space available for all your toys and guests. Located in a highly desirable and popular vacation rental area overlooking Abiquiu Lake, and part of a gated community with private lake access, this home would also make a great investment property and is being sold turnkey.

  • $1,195,000

  • 4 Bedrooms, 3 Bathrooms

  • Average Daily Rate: $526

  • Expected occupancy rate: 65%

  • Monthly expected income: $10,399

  • Monthly expected expenses: $8,298

  • Monthly expected cash flow: $2,101

  • Expected cash on cash return: 8.1%

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