Beach, Mountain or City location?
Bobby PaquetteBusiness Member
Real Estate Agent · Abilene, TX · Member since 2019 · 223 posts · 88 votesBeach, Mountain or City location?
Most Popular Reply
John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votesBeach, Lake or Mountain.
Drivable markets.
Places you would go on vacation with your family.
Vegas might be a good market but not were I would personally invest. If you live close by then it would be worth running the numbers to determine feasibility.
63 Replies
- Real Estate Agent · Wilmington, NC · Member since 2021 · 166 posts · 116 votes3y
Quote from @Bobby Paquette:
Quote from @Blake Novotney:
Quote from @Carlos Ptriawan:
Quote from @Bobby Paquette:
If you could only pick one type of location to invest in STR's for the rest of your investing career, which type of location would it be? Near the mountains(Like Gatlinburg), near the beach(Like Destin), or in a city(Like Vegas) and why?
*Doesn't have to be the locations I used as an example just wanted to give an example!
beach, from statistical perspective, beach STR is 100% occupied and I'm a proof of that LOL
Maybe some others here could also chime in to share their experiences with mountain STRs in the off-season because I am in a beach town so my market stays occupied year-round easily as well. I really want to purchase a mountain property (Western NC) but I have no idea what to expect there in the November-March months.
I would be curious to see the numebrs on a Western NC mountain STR. Are we talking Blue Ridge?
Asheville, Black Mountain, or somewhere else close to Deals Gap (Tail of the Dragon) which is a famous route known for its crazy twisty roads are all areas I'm looking.
- Member since 2019 · 7k+ posts · 4k+ votes3y
Quote from @Bobby Paquette:
Quote from @Carlos Ptriawan:
Quote from @Bobby Paquette:
If you could only pick one type of location to invest in STR's for the rest of your investing career, which type of location would it be? Near the mountains(Like Gatlinburg), near the beach(Like Destin), or in a city(Like Vegas) and why?
*Doesn't have to be the locations I used as an example just wanted to give an example!
beach, from statistical perspective, beach STR is 100% occupied and I'm a proof of that LOL
100% for what time period and which beach?
90 days future booking.
Hawaiian beach. - Real Estate Agent · Abilene, TX · Member since 2019 · 223 posts · 88 votes3y
Quote from @Blake Novotney:
Quote from @Bobby Paquette:
Quote from @Blake Novotney:
Quote from @Carlos Ptriawan:
Quote from @Bobby Paquette:
If you could only pick one type of location to invest in STR's for the rest of your investing career, which type of location would it be? Near the mountains(Like Gatlinburg), near the beach(Like Destin), or in a city(Like Vegas) and why?
*Doesn't have to be the locations I used as an example just wanted to give an example!
beach, from statistical perspective, beach STR is 100% occupied and I'm a proof of that LOL
Maybe some others here could also chime in to share their experiences with mountain STRs in the off-season because I am in a beach town so my market stays occupied year-round easily as well. I really want to purchase a mountain property (Western NC) but I have no idea what to expect there in the November-March months.
I would be curious to see the numebrs on a Western NC mountain STR. Are we talking Blue Ridge?
Asheville, Black Mountain, or somewhere else close to Deals Gap (Tail of the Dragon) which is a famous route known for its crazy twisty roads are all areas I'm looking.
I love Ashveille! Ive been there a few times as well as beech mountain!
- Member since 2022 · 272 posts · 253 votes3y
Quote from @Blake Novotney:
Quote from @Carlos Ptriawan:
Quote from @Bobby Paquette:
If you could only pick one type of location to invest in STR's for the rest of your investing career, which type of location would it be? Near the mountains(Like Gatlinburg), near the beach(Like Destin), or in a city(Like Vegas) and why?
*Doesn't have to be the locations I used as an example just wanted to give an example!
beach, from statistical perspective, beach STR is 100% occupied and I'm a proof of that LOL
Maybe some others here could also chime in to share their experiences with mountain STRs in the off-season because I am in a beach town so my market stays occupied year-round easily as well. I really want to purchase a mountain property (Western NC) but I have no idea what to expect there in the November-March months.
I’m in Clayton GA mountain market. It has very good year round appeal in my book.
There is no month that is below 65% occupancy for me. in general, June and July are strong, along with Oct/Nov/Dec due to fall colors and holidays. August is the slowest month because 8/1 is BTS in Georgia.
That said, there is no dry period as people like the winter mountain coziness, yet it’s still warm enough to go on a waterfall hike. I have a smaller cozier place (as opposed to a huge 5 bed), so it also holds appeal in Jan/Feb/Mar for a quick getaway.
- 3yAndrew SteffensBusiness MemberTampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
Florida beaches - Can also be in cities (Tampa, Miami, Jax, many beaches short drive from Orlando, etc). There will always be demand in cities and mountains too, but beach is king IMO.
Even during the great recession Florida tourism only dipped 13%. People will always yearn for beautiful beach. Coupled with the mass migration into the state which is not showing signs of slowing down, and many companies moving here, appreciation is bountiful as well. Also protections for STR owners afforded at the state level.
Vacation Rentals of Florida53 Reviews - Real Estate Agent · Wilmington, NC · Member since 2021 · 166 posts · 116 votes3y
Quote from @Andrew Steffens:
Florida beaches - Can also be in cities (Tampa, Miami, Jax, many beaches short drive from Orlando, etc). There will always be demand in cities and mountains too, but beach is king IMO.
Even during the great recession Florida tourism only dipped 13%. People will always yearn for beautiful beach. Coupled with the mass migration into the state which is not showing signs of slowing down, and many companies moving here, appreciation is bountiful as well. Also protections for STR owners afforded at the state level.
I love Florida and its beaches, St Pete might be my all-time favorite place on Earth I used to live there, but, I thought there were some pretty serious rental restrictions there?
- Investor · Greenville, SC · Member since 2020 · 210 posts · 302 votes3y
“City” STRs are primarily responsible for the media hysteria around Airbnb right now. Classic vacation markets are normalizing from COVID as expected, but city STRs face the existential threat of being regulated out.
My STR investment thesis is centered around investing in vacation destinations that have stood the test of time and will outlive the company Airbnb.
- Real Estate Agent · Member since 2019 · 569 posts · 257 votes3y
Quote from @Bobby Paquette:
If you could only pick one type of location to invest in STR's for the rest of your investing career, which type of location would it be? Near the mountains(Like Gatlinburg), near the beach(Like Destin), or in a city(Like Vegas) and why?
*Doesn't have to be the locations I used as an example just wanted to give an example!
I think Panama City Beach is a great choice because you get the beautiful emerald waters, great cashflow and the market had adjusted to the interest hikes giving buyers more opportunities to buy better deals. In addition, ST Joe is a huge hedge fund that owns billions in assets and has invested over 350 million in 2022 for their commercial growth and to bring more jobs. The emerald coast offers newer construction options since it's gentrifying and stable long term growth.
- 3yV.G JasonPro MemberInvestor · Member since 2022 · 3k+ posts · 3k+ votes
Quote from @Blake Novotney:
Quote from @Bobby Paquette:
Quote from @Blake Novotney:
Quote from @Carlos Ptriawan:
Quote from @Bobby Paquette:
If you could only pick one type of location to invest in STR's for the rest of your investing career, which type of location would it be? Near the mountains(Like Gatlinburg), near the beach(Like Destin), or in a city(Like Vegas) and why?
*Doesn't have to be the locations I used as an example just wanted to give an example!
beach, from statistical perspective, beach STR is 100% occupied and I'm a proof of that LOL
Maybe some others here could also chime in to share their experiences with mountain STRs in the off-season because I am in a beach town so my market stays occupied year-round easily as well. I really want to purchase a mountain property (Western NC) but I have no idea what to expect there in the November-March months.
I would be curious to see the numebrs on a Western NC mountain STR. Are we talking Blue Ridge?
Asheville, Black Mountain, or somewhere else close to Deals Gap (Tail of the Dragon) which is a famous route known for its crazy twisty roads are all areas I'm looking.
Primo. Look at Angel Fire, too.
- 3yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @V.G Jason:
Beach is the absolute worst investment right now, flooding will be a super paramount risk in the future.
Every beach? How far in the future?
- 3yV.G JasonPro MemberInvestor · Member since 2022 · 3k+ posts · 3k+ votes
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Beach is the absolute worst investment right now, flooding will be a super paramount risk in the future.
Every beach? How far in the future?
Mock it all you want. But you will see for yourself.
- 3yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @V.G Jason:
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Beach is the absolute worst investment right now, flooding will be a super paramount risk in the future.
Every beach? How far in the future?
Mock it all you want. But you will see for yourself.
Not mocking, serious question, and I mean no disrespect. Just trying to keep things real and not so speculative and hyperbolic.
You know it can't be every beach in the country so I want to know which beaches in particular are going to be flooding anytime soon. In your opinion....
And when is important....if it is the next 10 - 20 years then that will affect my personal investing decisions. If it is 50 - 100 years off, then not so much, except as to how it will affect possible value for my heirs. If it is 1000 years down the road, then I don't care.
The climate changes constantly and it is important to realize that although it can and maybe should influence our investing, we must factor in the knowledge that the alleged 'experts' can be and often are very wrong...
So once again, simple question.........Every beach? How far in the future?
- 3yMichael BaumPro MemberOlympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
When I was a kid, our house in north Idaho was going to be under a sheet of ice 10-20 feet thick due to global cooling...
- 3yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @Michael Baum:
When I was a kid, our house in north Idaho was going to be under a sheet of ice 10-20 feet thick due to global cooling...
I remember that. The climate cooling hysteria was well...hysterical....
- 3yV.G JasonPro MemberInvestor · Member since 2022 · 3k+ posts · 3k+ votesDefinitely next 10-20 years. Think Gulf Coast is going to be the most terrible to invest in, west going east-- secondary anything in the mid ridge line of the atlantic(think outerbanks to north florida). It's a shame cause it's my favorite areas.
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Beach is the absolute worst investment right now, flooding will be a super paramount risk in the future.
Every beach? How far in the future?
Mock it all you want. But you will see for yourself.
Not mocking, serious question, and I mean no disrespect. Just trying to keep things real and not so speculative and hyperbolic.
You know it can't be every beach in the country so I want to know which beaches in particular are going to be flooding anytime soon. In your opinion....
And when is important....if it is the next 10 - 20 years then that will affect my personal investing decisions. If it is 50 - 100 years off, then not so much, except as to how it will affect possible value for my heirs. If it is 1000 years down the road, then I don't care.
The climate changes constantly and it is important to realize that although it can and maybe should influence our investing, we must factor in the knowledge that the alleged 'experts' can be and often are very wrong...
So once again, simple question.........Every beach? How far in the future?
But with how weather patterns are coming in, these areas are going to face sea levels rising quicker than the norm, extreme heat droughts and later hurricane seasons. All those are in contagion; the rise, the heat and what it attracts. Gulf Coast like Galveston to gulf shores is going to be the most susceptible. - 3yMichael BaumPro MemberOlympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
This is such a complex topic. Average rise at Pier 21 Galveston, TX is 6.6mm per year +/-.21mm according to NOAA water level data since 1904.
That is just the simple data of sea level rise at the moment. Some years it is a negative drop (not to mean the sea level dropped necessarily but changes in land height as well).
So in another 100 years if trends remain the same it would be 1.9ft higher than it is now in that specific area.
Is that going to affect ocean front properties? I haven't been to Galveston so I have no idea. 1.9ft is quite a bit, but I don't know. The highest point on Galveston Island is 20ft.
- 3yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @V.G Jason:
Definitely next 10-20 years. Think Gulf Coast is going to be the most terrible to invest in, west going east-- secondary anything in the mid ridge line of the atlantic(think outerbanks to north florida). It's a shame cause it's my favorite areas.Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Beach is the absolute worst investment right now, flooding will be a super paramount risk in the future.
Every beach? How far in the future?
Mock it all you want. But you will see for yourself.
Not mocking, serious question, and I mean no disrespect. Just trying to keep things real and not so speculative and hyperbolic.
You know it can't be every beach in the country so I want to know which beaches in particular are going to be flooding anytime soon. In your opinion....
And when is important....if it is the next 10 - 20 years then that will affect my personal investing decisions. If it is 50 - 100 years off, then not so much, except as to how it will affect possible value for my heirs. If it is 1000 years down the road, then I don't care.
The climate changes constantly and it is important to realize that although it can and maybe should influence our investing, we must factor in the knowledge that the alleged 'experts' can be and often are very wrong...
So once again, simple question.........Every beach? How far in the future?
But with how weather patterns are coming in, these areas are going to face sea levels rising quicker than the norm, extreme heat droughts and later hurricane seasons. All those are in contagion; the rise, the heat and what it attracts. Gulf Coast like Galveston to gulf shores is going to be the most susceptible.Thank you for the answer! While I do not particularly agree with all of your points, I do think we all should spend our dollars based on what we see as likely to happen. And if I were you, I would stay the heck away from the water, especially in those areas. Given your sense of doom regarding the planet, it makes no sense to think we will ever recover and you may want to buy based on your concept of where the new shores will be established for the next 100 years...? Seriously. If you're right, it could be your gold mine...
And I'm guessing you're still fairly young? Under 40? So your view of this will certainly change as time goes by and you have more personal perspective to base your views upon. Will your investment dollars that you're spending today pay off tomorrow?
- 3yV.G JasonPro MemberInvestor · Member since 2022 · 3k+ posts · 3k+ votes
Quote from @Michael Baum:
This is such a complex topic. Average rise at Pier 21 Galveston, TX is 6.6mm per year +/-.21mm according to NOAA water level data since 1904.
That is just the simple data of sea level rise at the moment. Some years it is a negative drop (not to mean the sea level dropped necessarily but changes in land height as well).
So in another 100 years if trends remain the same it would be 1.9ft higher than it is now in that specific area.
Is that going to affect ocean front properties? I haven't been to Galveston so I have no idea. 1.9ft is quite a bit, but I don't know. The highest point on Galveston Island is 20ft.
Looking at average rise is just a tiny contributor. It's almost a non contributor, but my point with that is not assuming the averages but above averages. We'll see near 2 feet well before 100 years. Look at heat patterns, wind patterns, then see how storms evolve. It's the hurricanes in those areas that are going to be destructive.
- 3yV.G JasonPro MemberInvestor · Member since 2022 · 3k+ posts · 3k+ votes
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Definitely next 10-20 years. Think Gulf Coast is going to be the most terrible to invest in, west going east-- secondary anything in the mid ridge line of the atlantic(think outerbanks to north florida). It's a shame cause it's my favorite areas.Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Beach is the absolute worst investment right now, flooding will be a super paramount risk in the future.
Every beach? How far in the future?
Mock it all you want. But you will see for yourself.
Not mocking, serious question, and I mean no disrespect. Just trying to keep things real and not so speculative and hyperbolic.
You know it can't be every beach in the country so I want to know which beaches in particular are going to be flooding anytime soon. In your opinion....
And when is important....if it is the next 10 - 20 years then that will affect my personal investing decisions. If it is 50 - 100 years off, then not so much, except as to how it will affect possible value for my heirs. If it is 1000 years down the road, then I don't care.
The climate changes constantly and it is important to realize that although it can and maybe should influence our investing, we must factor in the knowledge that the alleged 'experts' can be and often are very wrong...
So once again, simple question.........Every beach? How far in the future?
But with how weather patterns are coming in, these areas are going to face sea levels rising quicker than the norm, extreme heat droughts and later hurricane seasons. All those are in contagion; the rise, the heat and what it attracts. Gulf Coast like Galveston to gulf shores is going to be the most susceptible.Thank you for the answer! While I do not particularly agree with all of your points, I do think we all should spend our dollars based on what we see as likely to happen. And if I were you, I would stay the heck away from the water, especially in those areas. Given your sense of doom regarding the planet, it makes no sense to think we will ever recover and you may want to buy based on your concept of where the new shores will be established for the next 100 years...? Seriously. If you're right, it could be your gold mine...
Right, sense of doom for the planet. Yet mention two coastlines....go figure. Way to put things in context, I digress and will heed your wise words of wisdom given your incredibly successful portfolio and history in everything--investments, real estate, weather patterns, etc.
Given I was right twice with storms creating a generational amount of wealth of for family, you're right it may be goldmine. Fortunately, I've already found mine. And just adding to it...but again, doom for the planet and muppet talk is the way to take this.
- 3yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @V.G Jason:
You do not know that. No one does. To say it as if it were written in stone and a done deal just makes you sound dogmatic and loses you support. This is where I (and many) part ways with the rabid climate crowd....they appear to lose reason.
@Michael Baum 's post was well written and a point well taken....
- 3yV.G JasonPro MemberInvestor · Member since 2022 · 3k+ posts · 3k+ votes
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
You do not know that. No one does. To say it as if it were written in stone and a done deal just makes you sound dogmatic and loses you support. This is where I (and many) part ways with the rabid climate crowd....they appear to lose reason.
@Michael Baum 's post was well written and a point well taken....
If you're telling me the averages never change, then sure you're right.
edit: And I'm not the rabid climate crowd, I just believe strongly that hurricanes in the GC-AC regions will be more and more devastating, albeit less frequent.
- Investor · Jasper, GA · Member since 2019 · 55 posts · 31 votes3y
@Bobby Paquette oceanfront property in Arizona.
- 3yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @V.G Jason:
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Definitely next 10-20 years. Think Gulf Coast is going to be the most terrible to invest in, west going east-- secondary anything in the mid ridge line of the atlantic(think outerbanks to north florida). It's a shame cause it's my favorite areas.Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Quote from @Bruce Woodruff:
Quote from @V.G Jason:
Beach is the absolute worst investment right now, flooding will be a super paramount risk in the future.
Every beach? How far in the future?
Mock it all you want. But you will see for yourself.
Not mocking, serious question, and I mean no disrespect. Just trying to keep things real and not so speculative and hyperbolic.
You know it can't be every beach in the country so I want to know which beaches in particular are going to be flooding anytime soon. In your opinion....
And when is important....if it is the next 10 - 20 years then that will affect my personal investing decisions. If it is 50 - 100 years off, then not so much, except as to how it will affect possible value for my heirs. If it is 1000 years down the road, then I don't care.
The climate changes constantly and it is important to realize that although it can and maybe should influence our investing, we must factor in the knowledge that the alleged 'experts' can be and often are very wrong...
So once again, simple question.........Every beach? How far in the future?
But with how weather patterns are coming in, these areas are going to face sea levels rising quicker than the norm, extreme heat droughts and later hurricane seasons. All those are in contagion; the rise, the heat and what it attracts. Gulf Coast like Galveston to gulf shores is going to be the most susceptible.Thank you for the answer! While I do not particularly agree with all of your points, I do think we all should spend our dollars based on what we see as likely to happen. And if I were you, I would stay the heck away from the water, especially in those areas. Given your sense of doom regarding the planet, it makes no sense to think we will ever recover and you may want to buy based on your concept of where the new shores will be established for the next 100 years...? Seriously. If you're right, it could be your gold mine...
Right, sense of doom for the planet. Yet mention two coastlines....go figure. Way to put things in context, I digress and will heed your wise words of wisdom given your incredibly successful portfolio and history in everything--investments, real estate, weather patterns, etc.
Given I was right twice with storms creating a generational amount of wealth of for family, you're right it may be goldmine. Fortunately, I've already found mine. And just adding to it...but again, doom for the planet and muppet talk is the way to take this.
Ok, I guess we're done. I was trying to be polite and at least somewhat serious and get met with snarkiness. Typical for the climate crowd. Hence why we will never meet in the middle and figure things out....
Join the conversationCreate a free account to reply, vote on answers and follow this thread.