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Portfolio of 4 STR condos in key vacation destinations

  • 1,279,600
  • Condo, Mountains, Multi-unit, Oceanfront
  • Property Type
  • 6
  • Bedrooms
  • 6
  • Bathrooms

Overview

  • Condo, Mountains, Multi-unit, Oceanfront
  • Property Type
  • 6
  • Bedrooms
  • 6
  • Bathrooms

Description

FOR SALE BY OWNER: Seller will sell all 4 of these vacation condos as a portfolio package at a discount, but will also sell each of them individually. They are located in the hottest markets in the Southeastern USA in Sunbelt states where people are relocating & visiting in droves. Furniture and personal belongings do not convey. All condos are currently managed by Vacasa, the largest operator of short-term vacation rentals in the world, with supplemental income coming in with repeat annual visitors from Airbnb.

Condo #1: 497 Plantation Rd # 1262, Gulf Shores, AL

$299,900

Studio/1bath. Oceanfront studio sunsuite that generates over $30,000 annually in income. Located in nice tropical garden environment with tons of indoor & outdoor amenities on a private beach, near Mobile & Pensacola on the Gulf Coast. Just totally renovated. with new luxury vinyl plank flooring, custom kitchen cabinets, granite countertops, brand new HVAC system & water heater, freshly painted, with new furnishings & appliances, & Kohler cast iron porcelain sink.

Monthly HOA dues:  $233

Annual taxes: $325

See Vacasa link below for more details.

Condo #2: 1260 Ski View Dr #6208, Gatlinburg, TN

$299,900

Studio/1bath. Breathtaking, panoramic view of Mount LeConte in the Great Smoky Mountains National Park, most visited in the nation. Overlooking Gatlinburg & the ski slopes. Great indoor & outdoor amenities. All new construction with everything brand new inside & out. Best designed, most modern, & up to date condo in East Tennessee, near Dollywood, with the most indoor & outdoor amenities & best view you will find anywhere in the mountains!

Monthly HOA dues:  $234

Annual taxes: not shared

See Vacasa link below for more details.

Condo #3: 301 Pinnacle Inn Rd # 3319, Beech Mountain, NC

$339,900

2beds/2baths. The most private 2 bedroom 2 bath top floor penthouse condo in the complex, which is a resort within a resort, in Eastern America’s highest town, but with no stairs to negotiate to get to it, so handicap accessible, & next to a firewall for maximum quiet & privacy, with the best sunset view of the Ski Beech Resort ski slopes anywhere. Massive stone fireplace and new tiled walk in shower.

Monthly HOA dues:  $431

Annual taxes: $824

see Vacasa link below for more details.

Condo #4: 301 Pinnacle Inn Rd # 4316, Beech Mountain, NC

$339,900

2beds/2baths. This comfortable corner penthouse condo is literally above the clouds, with a breathtaking, panoramic view. Located in Eastern America’s highest resort community. Your wood-burning fireplace blazes away on cozy winter nights. Enjoy hot tubs, heated indoor pool, sauna, tennis court, and steam room, among many other amenities. Within 14 miles of Grandfather Mountain and the Blue Ridge Parkway, this condo is perfect for a mountain adventure.

Monthly HOA dues:  $431

Annual taxes: $824

https://www.vacasa.com/unit/33508

All of these locations were built by the same developer at the same time. Owner bought each of these condos for their superior views in each complex. The one at the Plantation on the beach has brand new cabinets & floors & new A/C units both inside & outside & new water heater, & refrigerator & stove & Kohler cast iron sink were also just replaced & dishwasher is nearly new.

**Seller’s Note** All of these are sold subject to an agreement that present owner will be able to continue to use a minimum of an aggregate of 8 weeks a year in non-peak periods on a complimentary basis in exchange for leaving all of the furniture & decor & personal items in these condos for the duration of that agreement, &  for furnishing repeat rental clients that will benefit the new owner’s gross income greatly. Current owner is going into semi-retirement at age 64 & is seeking a 30 year agreement which would be recorded with the deed.

This are NOT timeshares. They are all wholly owned condos that are fully furnished & decorated, currently operated as short-term vacation rentals, though there are no restrictions on how any of them can be rented. They can be full-time residences or second homes or rented out short-term or long-term. Prefer all cash & somewhat negotiable on price for any & all cash offers. Will consider some very short term owner financing with at least 50% down at well above market interest rates.

For more details contact owner, Mark Hancock at 865-696-0146.

Details

  • Price: 1,279,600
  • Bedrooms: 6
  • Bathrooms: 6
  • Property Type: Condo, Mountains, Multi-unit, Oceanfront
  • Property Keyword: portfolio of 4 condos

Property Rental Listing (VRBO or AirBNB Links)

Additional details

  • Professionally Managed?: Yes, by Vacasa

Contact Information

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