HomeStakes Top Property Picks July 23

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 Texas, California, and Florida 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!

Austin, Texas, Vacation Homes

1411 Walnut Ave, Austin, TX 78702

List Price: $625,000
Accommodations: 3 Bed / 2 Bath - 1,307 SF on 6,198 sqft lot
Total estimated revenue: $65,561
Occupancy rate: 50%
Daily rate: $359
NOI: $43,358
Location: A+
Property Summary: Built in 2002, this 3-bed, 2-bath home has an open-concept living, dining, and kitchen area with Brazilian Cherry hardwood and ceramic tile flooring and refinished cabinetry. The entire home has been freshly painted inside and out. The bright kitchen features hardwood Maple cabinets, stone tile countertops, and a pantry closet for extra storage. The primary bedroom has a large walk-in closet that can be used as an office nook with a view of the backyard or converted to expand the bathroom for a luxurious soaking tub retreat. Weatherization upgrades were completed in 2021, including an Ecobee smart thermostat and solar screens, and a new roof and gutters were installed in November 2023.
Notes: The interior is in excellent turnkey condition, while the exterior requires some cleaning, landscaping, tree trimming, and mowing; adding entertainment features to the large backyard could enhance its appeal and liveliness. Situated in a prime location, the property offers easy access to Airport Blvd, I-35, public transportation, the State Capitol, U.T. Austin, and the 6th Street and Red River club districts, with proximity to markets, restaurants, cafes, schools, parks, shopping, dining, entertainment, outdoor recreational opportunities, and more.

12324 Shropshire Blvd, Austin, TX 78753

List Price: $369,900
Accommodations: 3 Bed / 2 Bath - 1,129 SF on 5,771 sqft lot
Total estimated revenue: $44,716
Occupancy rate: 53%
Daily rate: $231
NOI: $25,223
Location: A+
Property Summary: Built in 1993, this 3-bed, 2-bath home, it features an open-concept design with designer paint, new vinyl plank flooring, and a living room that connects to an eat-in kitchen with granite countertops, a subway tile backsplash, refinished cabinets, a pantry, and stainless-steel appliances. The primary suite is separate from the other bedrooms and includes new carpet, a ceiling fan, a walk-in closet, and a spa-like bathroom with tile flooring, a quartz vanity, and a frameless walk-in shower. The secondary bedrooms have new carpet and share a guest bathroom with tile flooring and a quartz vanity. The fenced backyard with a patio is perfect for gatherings.
Notes: The interior is in excellent turnkey condition, while the exterior requires some cleaning, landscaping, and mowing; with the potential to enhance the large backyard with entertainment features, this property is ideally located just minutes from The Domain, Tech Ridge, and Q2 Stadium, as well as St. David's North Austin Medical Center, markets, restaurants, cafes, schools, parks, shopping, dining, entertainment, outdoor recreational opportunities, and many other amenities.

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