Luxury Home Short Term Rental

2 Replies

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,100,000
Cash invested: $1,100,000

Contributors:
Stephen David Smith Jr.

Located “West of the Trail” in the coveted Oyster Bay area, this beautiful 4-bedroom family home, has 3 full baths and 2 bonus rooms. Just minutes from the world-renowned Siesta Key Beach, lively Siesta Key Village, the stately, but relaxed Field Club, Southside Village, downtown Sarasota, a plethora of dining options and so much more.

This particular property is being used as a STR with ownership usage blended. I have a condo I represented on Lido Key that has a similar approach by a New York investor I work with but is in a much more premium area on the beach. The Beach condo during the seasonal events/boat races rents for $25k-$30k a month.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you