30A Watercolor Florida Vacation Home/Rental

Short-Term & Vacation Rental Discussions
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30A Watercolor Florida Vacation Home/Rental

Stephen Jones
Rental Property Investor · IL · Member since 2019 · 285 posts · 137 votes

BP,

I'm wondering if anyone on here has a home down in Santa Rosa Beach, Florida (30A). I have just started kicking around buying a home here for my family and I, but I would need to rent it out year round as well. Does anyone have experience with this in this area? If so, pros? cons? I would imagine the returns aren't great, but if it pays for itself or has very little return, I'm still willing to look into it. Please let me know if you have any information on this topic! Thank you!

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Luke CarlPro Member
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
3y

Fantastic market. I live here. Watercolor is pricey as I’m sure you know. Might not make a ton of cash but will rent well when you’re not there March-October Happy to help just let us know 

Podcast Guest on Show From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills
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  • Luke CarlPro Member
    Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
    3y

    Fantastic market. I live here. Watercolor is pricey as I’m sure you know. Might not make a ton of cash but will rent well when you’re not there March-October Happy to help just let us know 

    Podcast Guest on Show From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills
    3Reply
  • Stephen Jones
    OP
    Rental Property Investor · IL · Member since 2019 · 285 posts · 137 votes
    3y

    Luke, Thanks a lot for the response. Is it your permanent home or do you rent your house out as well? 

    0Reply
  • Sarah KensingerPro Member
    Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
    3y

    I know there is different strategy's depending on the time of year, so you can get your property rented year-round. I highly recommend Allison Freeman who is just up the road in Rosemary Beach. She's the best there and knows the market of 30A! If you call her up tell her I sent you. :)

    [email protected]330-557-3021
    1Reply
  • Stephen Jones
    OP
    Rental Property Investor · IL · Member since 2019 · 285 posts · 137 votes
    3y

    @Sarah Kensinger

    I will do so! Thank you. 

    1Reply
  • Luke CarlPro Member
    Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
    3y
    Quote from @Stephen Jones:

    Luke, Thanks a lot for the response. Is it your permanent home or do you rent your house out as well? 

    Both. I live here and have rentals here. You’re looking for the short term shop. 
    Podcast Guest on Show From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills
    1Reply
  • Michael BaumPro Member
    Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
    3y

    I 2nd the Short Term shop @Stephen Jones.

    2Reply
  • Jeff E.
    Investor · Scottsdale, AZ · Member since 2020 · 38 posts · 23 votes
    3y

    I agree is a great area.  Make sure you call around for some insurance quotes before you get too far along and add that into your budget, insurance rates are expected to climb quite a bit in certain areas of Florida this year.

    0Reply
  • Ricardo Hidalgo
    Real Estate Agent · Member since 2019 · 569 posts · 257 votes
    3y
    Quote from @Stephen Jones:

    BP,

    I'm wondering if anyone on here has a home down in Santa Rosa Beach, Florida (30A). I have just started kicking around buying a home here for my family and I, but I would need to rent it out year round as well. Does anyone have experience with this in this area? If so, pros? cons? I would imagine the returns aren't great, but if it pays for itself or has very little return, I'm still willing to look into it. Please let me know if you have any information on this topic! Thank you!


     30A is an appreciation based market. You will most likely be breaking even if you're lucky or going slightly negative. I think the west side of 30A may offer better cash on cash returns since the east side prices are much higher. There are options under 1 million or around that price point that may get you a small condo or good size townhome. Watercolor is easily 2 to 2.5 million for the smaller phase. Premiere watercolor will be 3-4 million entry point and as high as 6.5 million for the homes on western lake. 

    0Reply
  • Brooklyn McCarty
    Investor · Member since 2022 · 1k+ posts · 754 votes
    3y

    You need @January Johnson or @Napoleon DeCiutiis! 

    1Reply
  • Napoleon DeCiutiis
    Real Estate Agent · The Short Term Shop / Florida Emerald and Forgotten Coasts · Member since 2022 · 217 posts · 126 votes
    3y

    Thanks Brooklyn! @Stephen Jones- I shot you an IM- let's discuss! 

    0Reply
  • January Johnson
    Real Estate Agent · Emerald Coast, FL · Member since 2016 · 820 posts · 486 votes
    3y
    Quote from @Stephen Jones:

    BP,

    I'm wondering if anyone on here has a home down in Santa Rosa Beach, Florida (30A). I have just started kicking around buying a home here for my family and I, but I would need to rent it out year round as well. Does anyone have experience with this in this area? If so, pros? cons? I would imagine the returns aren't great, but if it pays for itself or has very little return, I'm still willing to look into it. Please let me know if you have any information on this topic! Thank you!


    I'd love to discuss the area and the season with you.  I own 4 STRs on the Emerald Coast and have lots of personal experience here.

    I think there are some great areas that will appreciate quite a bit in the next 2+ years.  I'll send you a message about it.  

    0Reply
  • Zach Edelman
    Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    3y

    Pretty sure Bill Faeth has one and has been posting a healthy amount about it on his social media. I would checkout his socials, he posts a good amount of advice/guidance for STR investors.

    0Reply
  • Ryan MoyerBusiness Member
    Property Manager · Orlando Kissimmee Davenport Salt Lake City, Park City · Member since 2019 · 993 posts · 1k+ votes
    3y
    Quote from @Zach Edelman:

    Pretty sure Bill Faeth has one and has been posting a healthy amount about it on his social media. I would checkout his socials, he posts a good amount of advice/guidance for STR investors.


    I don't think Bill has any on 30A.  He has several in Gulf Shores.  Of course his property also ranks #1 on Airbnb in that area so his returns are better than most.

    Cosmic Vacations4.9172 Reviews
    WebsiteView Page
    0Reply
  • Pete AppezzatoPro Member
    Real Estate Agent · Destin, FL · Member since 2019 · 49 posts · 18 votes
    3y

    Stephen, I sell a bunch of properties in this area - Destin, 30A and PCB. Sent you a message.  I can explain the season, expected returns etc

    [email protected]212-300-5102
    0Reply
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