Beach Vibes @ Olivia Beach - 2,105 Custom 2017 build in VR Zone

$800,000
3
2
2,105
sq. ft.
$380
per sq ft
Heated sq ft: 2,105 sq ft
Avg Nightly Rate: $348
Home Legally Sleeps: 10
Occupancy Rate: 30 weeks
Annual Gross Income : 50000
Annual Net Operating Income : 18000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: No
For Sale By: Broker
Seller Financing: No
Niche: Beach, Business Stay, Couples/Romance, Nature, Pet Friendly, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 1110

Property Description

- 3 BD + Media room on three levels, 2 Full & 2 Half Bath - Upgraded lighting fixtures complement nice natural light, sliding barn door, and shiplap feature walls throughout the house & 2 gas fireplaces - Upgraded Kohler farm sink and gold Delta faucet - Bathrooms feature custom vanities, upgraded fixtures, upgraded mirrors, cement floor tiling and ceramic tiling - Large fenced-in backyard with fire-pit, large wood deck, patio stones, & oyster shell pathways - Daylight basement with bonus lower media room - 3 parking spaces, detached garage - 2,100 sq ft home on a 4,792 sq ft lot Olivia Beach Vacation Home - Vacation Rental zoned Olivia Beach home available for sale for the first time; built in 2017 - 5.0 average reviews under current management, with Sweet Haven - One of the top revenue rentals in Olivia Beach; projected $60k gross - Centrally located near community park, beach volley-ball court, swimming pool, and fitness room - Beach, tide pools & surf

Presented by:
Agent:
Alanna Miel
Realty One Group at the Beach
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 525
Low: 449
Peak: 615
Special Event: 550
Avarage: 348.00
Furniture Age
Inquire
Est Value of Furnishings
Inquire
Peak & High Seasons
March, June, July, August, September, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Owners built while living in Portland, planning to surf and enjoy Beach Vibes as a second home. They have since move to LA for business opportunities. With the distance to enjoy time at the beach, and real estate the price it is in LA, it makes sense to leverage this success rental to someone who can enjoy its use more.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
50000
Net Operating Income
18000
Stories
3
Additional Indoor Rooms
Detached Garage for 1 car, Family Room, Finished basement, Formal Dining Room, Living Room, Master Suite Down, Mud Room
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Electric or Gas Firelace, No A/C, Wall Unit Heat
Floor Coverings
Carpet, Concrete, Real Hardwood, Tile, Other
Security
No
Security Description
Half Baths
2
Master Suite(s)
Inquire
Energy Efficiency
Carpet, Skylights
Year built
2017
Outdoor Features
Deck, Detached Garage, Fenced/Gated Yard, Fire Pit, Porch - Not screened
View
No view
Backyard Exposure
East
Lot Size
4,792 sq ft
Community Features
Community Pool(s), Fitness Center, Nature Trails/Walking Path, Ocean Access, Playground, Other
Tax Amount/Year
$6,139
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Community Pool(s), Fitness Center, Nature Trails/Walking Path, Ocean Access, Playground, Other
Mandatory HOA
Inquire
Home Legally Sleeps:
10
Onsite Parking
One garage spot and two larger parking spots. VRDs are limited to only one car per bedroom at any time. No street parking.
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$11.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
4 Years
Occupancy Rate
30
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Manager
Managed By
Manager
Management Bookings Percentage
$30.00
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Private website, Existing database of guests, Professional photos, Professional video, Social media profiles, VRBO and/or Homeaway profile
Manager Cancellation Policy
Property manager would work to license while sale is taking place to keep bookings if kept as a vacation rental.
 
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Credit Card Fee
Inquire
Cleaning Fee
$195.00
Licesnes & Permits (Annual)
$200.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$200.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$1,515.00
Water/Sewer (Annual)
$900.00
Cable/Interbet (Annual)
$720.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$6,138.69
Homeowner's Insurance (Annual)
$950.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$1,200.00
Additional Membership Fees (Annual)
Inquire
Acquisition
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Realty One Group at the Beach, 2024684707

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