Purchasing a Short Term (Vacation) Rental Property in Western North Carolina Mountains

View potential short term (vacation) rental properties available for sale

Vacation rental properties in the Western North Carolina mountains have become all the rage with both novice and experienced investors. Purchasing a property for short term (vacation) rental purposes offers the investor/owner the best of both worlds. A home for vacationing in the area as well as an income producing property which will add to your stream of passive income! A vacation rental property is most often a single family home privately owned by one or more individuals for the above mentioned reasons. There are investors who purchase these properties in Cash and there are also investors who take out a conventional loan to finance the purchase of the property. For those taking out a conventional loan, the income produced with the vacation rental property more often than not pays your mortgage and even frequently you have additional monthly funds left over as profit. This is an excellent way to build your property portfolio and grow your equity very quickly.

Most short term rental investors advertise/market their properties on mulitple online platforms including VRBO and AirBNB to name a couple. People looking to spend time in the Western North Carolina mountains area will frequently search on these platforms for vacation rental properties meeting their specific criteria.  Other investors prefer to hire a property management company to market and manage their investment properties for a fee.

A Great Vacation Rental Property

A great vacation rental investment property in the Western North Carolina mountains area ideally should be in a great location. But what does a great location actually mean? It could mean so many different things to many different people. For example, some may be looking for an experience "living off the grid" surrounded by only basics and tranquility. For others, it may mean breathtaking mountain views, opportunities for hiking, being close to a stream for fishing, etc. Generally, choosing a property that provides guests with a mountain living experience whether it be a city mountain view for those who prefer being closer to restaurants and shopping, or you may prefer a property with many options nearby for lots of outdoor activities to enjoy in nature.

Log homes have always been extremely popular. After all, what shouts out "mountain" more than a log home? We are seeing a trend, however as more and more investors are also purchasing contemporary mountain properties. It is always a matter of personal preference.

Above all, research by checking the popular online vacation rental websites and take note of the most popular areas, look at many of the property calendars and check how many days/weeks have already been booked, look at the reviews to get a better idea for the rental demand of those areas.  What is the potential revenue growth for a property you are interested in and what is the potential rental income? We have data to help you analyze a property's short term rental potential income. Just ask us.

What's the deal with Vacation Rentals in Asheville?

Vacation rentals were banned within most of Asheville City limits in 2018 by the City Council. There are opposing sides to this restriction and so the controversy continues. We may or may not see this ban lifted in the near future. There are, however, Asheville, NC addresses not within the city limits and not within an HOA banning short term rentals, however as you may imagine, those properties are very swiftly scooped up by investors. It's a matter of staying tuned for when such a property becomes available.

This is why you will notice that we are not including "Asheville" on this page as most properties are not eligible for short term rentals at this time. 

Are vacation rentals allowed everywhere else?

Now that you know that short term rentals are banned throughout most of the Asheville city limits area, does that mean that they are allowed everywhere else? Often times, we jump with excitement when a property meeting one of our investor client's needs comes to market. Unfortunately, we do need to look at the fine print within the agent section of the MLS as often times a property will be located within a subdivision or HOA that restricts short term rentals. This means that if you find a property on these pages that you would really love to purchase as an investment property for short term rental, always be sure to contact us via email or call us at 828.542.0084 and we will find out for you if there are any restrictions. 

279 Properties
Page 1 of 24
2
Beds
1
Baths
1,245
Sq.Ft.
1960
Year Built
3
Days on Site
3859885
MLS
PREPARE TO BE CHARMED! Idyllic private setting on a beautiful rolling meadow and walking trail through the woods. There is even a long range view from the wooden swing. Old barn, and newer shed with...
Coming Soon on 05/18
562 Hawks Shadow Trl Sylva, NC 28779
4
Beds
4
Baths
4,144
Sq.Ft.
2007
Year Built
3
Days on Site
3854313
MLS
COMING SOON ON 5/18! Tucked away on 6.98 UNRESTRICTED acres, this custom Western Hemlock Appalachian style log home is your next private, mountain retreat. Inside, you'll find a spacious great room...
Coming Soon on 05/18
207 Megan Dr Clyde, NC 28721
$1,250,000
Neighborhood: Big Valley Estates
4
Beds
3F11/2
Baths
4,304
Sq.Ft.
2001
Year Built
3
Days on Site
3861055
MLS
Country living at its finest only 15 min. from Main Street Waynesville & 30 minutes from Asheville. Take in life from 270 covered porch while viewing panoramic mountain & pastoral views sprawling...
3
Beds
3
Baths
3,152
Sq.Ft.
2007
Year Built
3
Days on Site
3860846
MLS
Large 3 bedroom, 3 bath home on .58 Acre lot. Great family home with spacious 2nd floor great room with 2 offices. Rocking chair front porch and back deck. Backyard children's playground included....
1
Beds
1F11/2
Baths
2,198
Sq.Ft.
1920
Year Built
4
Days on Site
3807678
MLS
This iconic property, built in 1920, is one of a kind and sits on nearly a third of an acre on the corner of Main and Oaklawn in downtown Brevard! Welcome to downtown living! Whether it's dining,...
3
Beds
2
Baths
3,209
Sq.Ft.
1998
Year Built
4
Days on Site
3702257
MLS
GREAT SPACE! This property located on 1.30 usable acres! #14 Rosebud Lane offers a 3 Bedroom/2 Bath living space above a 3 car garage. Open floor plan, huge, covered, screened porch. Perfect for...
Coming Soon on 05/17
16 Blackwell Rd Marshall, NC 28753
2
Beds
1F11/2
Baths
2,901
Sq.Ft.
1945
Year Built
4
Days on Site
3844481
MLS
Your Mountain River Chic Paradise Awaits! Listen to the music of the French Broad River & take in the beauty! This rare & unique home is rich in history and is a converted General Store in a setting...
3
Beds
2
Baths
1,743
Sq.Ft.
2004
Year Built
4
Days on Site
3859114
MLS
Super function in this split bedroom floorpan home. Convenient main level garage for easy access and main level laundry room. Split bedroom floor plan with a large walk-in closet and large primary...
$525,000
Neighborhood: Royal Pines
3
Beds
3
Baths
2,174
Sq.Ft.
1954
Year Built
4
Days on Site
3860112
MLS
Royal Pines with income potential! This charming private corner lot home has 3 bedrooms and 2 bathrooms upstairs with a basement that can be the perfect in-law suite, long-term, or short-term rental...
3
Beds
3
Baths
2,220
Sq.Ft.
1975
Year Built
4
Days on Site
3858334
MLS
Completely renovated brick rancher on a .5 acre corner lot in a tranquil setting. Open, spacious floor plan with lots of room to grow. Updates include new HVAC, new appliances, fixtures and more....
4
Beds
5F11/2
Baths
6,722
Sq.Ft.
2004
Year Built
4
Days on Site
3860495
MLS
Imagine yourself enjoying this magnificent Mediterranean home with stunning views of the Cane Creek Valley. Serenity starts at the entrance of 26+ acres, with a gentle drive into the property, and up...
4
Beds
5F11/2
Baths
6,722
Sq.Ft.
2004
Year Built
4
Days on Site
3860474
MLS
Imagine yourself enjoying this magnificent Mediterranean home with stunning views of the Cane Creek Valley. Serenity starts at the entrance of 13+ acres, with a gentle drive into the property, and up...
Based on information submitted to the MLS GRID as of May 16, 2022 3:30 AM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Post a Comment