Buying this Florida home could earn you $1M a year in rental income
Credit: Katie Jackson via The New York Post
If you’re looking to make some true bank on a luxury vacation rental, especially in the hot state of Florida, this listed home comes seriously social media-approved.
Indeed, this new listing in Florida could net you more than a million bucks a year in rental income.
“It has the potential to rent for more than $50,000 for a week’s stay,” said listing agent Jonathan Spears. Spears, the founder of Spears Group, represents the seller of 8364 East County Highway in Inlet Beach. This $22 million beach house — which has already racked up 17 million views on TikTok since its video tour went viral in June — is halfway between Destin and Panama City on Florida’s Gulf Coast.
Spears told The Post that this stretch of Scenic Highway 30A — the self-proclaimed “Hamptons of the South” — is home to everyone from corporate executives to country music stars. That said, for $14.95 million you can move into Luke Bryan’s luxurious coastal estate, located just 4 miles down the road.
But if owning an Airbnb or a VRBO rental is your goal, it’s best to go with the much bigger 8364 East County Highway.
Read rest of article here: This Florida home could earn you $1M a year in rental income (nypost.com)