I need your help in pricing one of my vacation Rental Homes in Destin. It has a 3 month old appraisal for 2.0M but I want to make sure I put it on the market for the right price and not the appraised price.
The main house is 6 bedrooms, 6.5 baths, 3300 sq ft and the Apartment above the garage is 2 bedrooms and 1 bath and 900 sq feet. It has the following:
- Gulf Views from the front porch
- 100 yards to the beach and has deeded beach access for our gated gulf front community that is made up of 12 homes
- heated pool.
- Sleeps 30 and rents in the summer months for 5900 per week and stays booked solid. The annual rental income has been a consistent $90,000.
It was built in 2001 and and was built for rental income. What is this house worth in this market?
The main house is 6 bedrooms, 6.5 baths, 3300 sq ft and the Apartment above the garage is 2 bedrooms and 1 bath and 900 sq feet. It has the following:
- Gulf Views from the front porch
- 100 yards to the beach and has deeded beach access for our gated gulf front community that is made up of 12 homes
- heated pool.
- Sleeps 30 and rents in the summer months for 5900 per week and stays booked solid. The annual rental income has been a consistent $90,000.
It was built in 2001 and and was built for rental income. What is this house worth in this market?