HomeStakes Top Property Picks June 11
Welcome to this week's exclusive list of some of the most lucrative vacation rental properties across the country! This week we dive into properties across Florida, Arizona, and Texas that stand out as short-term rentals.
For those new to our lists, or who need a refresher on our criteria and terms used in our lists, please review our post covering HomeStakes Top Property Lists. Here, you'll find all the details on how we break these lists down to the key criteria we are evaluating and why.
This list is designed to save you time and stress when navigating the vacation rental property market, and ultimately make your next investment decision easier and faster. Our team of experts has carefully curated this weekly list based on criteria such as estimated revenue, occupancy rate, daily rate, and all other crucial factors that contribute to a property's success.
If you are not looking to currently buy investment properties, you can learn more about real estate investing with our other FREE resources HERE.
Dive into our top properties of the week and discover what makes them stand out in the vacation rental market. Equip yourself with the knowledge you need to make informed decisions and excel in your vacation rental property investment journey!
Destin, Florida, Vacation Homes
4439 Luke Ave, Destin, FL 32541
List Price: $1,200,000
Accommodations: 3 Bed / 2 Bath - 2,291 SF on 7,405 sqft lot
Total estimated revenue: $84,882
Occupancy rate: 56%
Daily rate: $415
NOI: $60,167
Location: A
Property Summary: This 3-bedroom, 2-bathroom home, built in 2004, features a one-car garage, a driveway for up to five cars, and high-quality finishes like crown molding, a large laundry room, a pantry, stainless appliances, granite countertops, and a cozy fireplace. It also includes durable copper plumbing, an enclosed sunroom.
Notes: The interior and exterior of the house are in perfect turnkey condition, and there's potential for a pool addition in the backyard to enhance its beauty and appeal; located just two blocks from Shirah Beach access, three blocks from Crystal Beach access, and less than three-quarters of a mile from Tarpon Beach access and the Gulf of Mexico, the home's unbeatable location offers proximity to world-class shopping, dining, and entertainment at Destin Commons and other shopping centers, along with easy access to the beach, Crab Island, boating, fishing, water sports, and golf.
1198 Bay Ct, Destin, FL 32541
List Price: $469,000
Accommodations: 3 Bed / 2 Bath - 1,447 SF on 0.29 Acres lot
Total estimated revenue: $96,789
Occupancy rate: 53%
Daily rate: $500
NOI: $70,527
Location: B+
Property Summary: This 3-bedroom, 2-bathroom home, built in 1987, includes a dishwasher, self-cleaning oven, refrigerator, gas range, and gas water heater. It features a fenced backyard, a front porch for relaxing mornings, three garage spaces, and a wide backyard perfect for family gatherings.
Notes: The interior is in perfect turnkey condition, while the exterior needs a bit of mowing and cleaning; the property is conveniently located near schools, parks, fishing spots, a boat ramp, restaurants, cafes, markets, and many other amenities.
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