Blue Ridge Airbnb Investment Opportunity

45 Wilderness Trail Blue Ridge, GA 30513

$849,000 | 5 Bedrooms | 4 Bathrooms | 5.7% Cap Rate

‍I'm Interested in this Property

Listing Description

Listing: Awning - Redfin - Zillow

Airbnb Estimator: Awning

Market Data: Airbnb Market Data

Attention Airbnb investors! Unlock the doors to an incredible investment opportunity in the picturesque town of Blue Ridge, Georgia. Presenting an exquisite luxury home that is not only a stunning retreat but also a lucrative income-generating asset. This newly renovated 5-bedroom, 4-bathroom haven is strategically located just 1 mile from the sought-after Lake Blue Ridge and Marina, and a mere 2 miles from the vibrant Downtown Blue Ridge.

Prepare to be captivated by the seamless blend of elegance and functionality that defines this property. Two fully equipped, chef-ready kitchens offer the perfect setting to whip up delectable meals for your guests, ensuring unforgettable dining experiences. Whether indulging in the spacious dining area or enjoying an alfresco feast on the furnished deck with a convenient gas grill, your guests will revel in the exquisite ambiance.

Entertainment knows no bounds within the confines of this remarkable home. A cozy living area awaits, complete with a gas fireplace that creates an inviting atmosphere for relaxation and conversation. The game room is an absolute delight, boasting a pool table, foosball, shuffleboard, and a large 75" smart TV for movie nights. The added bonus of a jukebox guarantees a nostalgic touch and endless entertainment possibilities.

Outside, a haven of relaxation beckons. Immerse yourself in the luxurious six-person hot tub, indulging in pure bliss amidst the stunning surroundings. Embrace the enchanting fire pit area, where stories are shared, marshmallows are toasted, and memories are made beneath the starlit sky.

This exceptional property not only caters to the desires of vacationers but also offers practicality and convenience. With ample parking available, it's the perfect haven for guests with boats eager to explore the wonders of Lake Blue Ridge. The absence of an HOA and the property's location outside the flood zone provide additional peace of mind.

Imagine the immense potential for substantial returns with this investment opportunity. Blue Ridge's popularity as a vacation destination continues to soar, ensuring a high demand for luxury accommodations like this. The property's exceptional location, stylish design, and outstanding amenities make it an irresistible choice for discerning travelers.

The Airbnb Investment Financials

How much does the home cost?

$849,000  

How much will it earn on Airbnb?

$8,700 per month

‍How much will it cost to furnish it?

Furnishing this exceptional luxury home to elevate its charm and appeal comes with an estimated budget of $51,000. This comprehensive budget encompasses not only the cost of designing the space but also includes the expenses of furnishing the entire home with tasteful furniture.

‍How much will it cost to renovate?

To enhance the overall appearance and ensure that the property is rent-ready, the estimated cost for additional renovations is $5,000.

‍How much cash can you take home in the first year?

Based on the Awning Analysis provided, the estimated cash flow you can expect to take home in the first year is $4,873. This figure takes into account the projected operating income of $104,400 and deducts operating expenses of $53,250, including property taxes, insurance, utilities, repairs/maintenance, property management fees, and other relevant costs. Please note that this is an estimate and actual results may vary depending on factors such as occupancy rates, rental prices, and operating expenses. It's always advisable to conduct a thorough financial analysis and consider all relevant factors before making investment decisions.

‍What is the cap rate for this property?

The estimated cap rate is 5.7%.

‍All of the cap rates and returns for this property are estimates and are not intended as a guarantee of income or returns. Every investment has risks. It's important to discuss any investment, returns, regulations, laws and projections with a financial advisor, attorney or another fiduciary.

Blue Ridge Short-Term Rental Regulations

What are the short-term rental laws and regulations in Blue Ridge, Georgia?

The short-term rental laws in Blue Ridge, Georgia, are regulated by the Short Term Vacation Rental Ordinance, which was adopted in July 2019. According to this ordinance:

1. New short-term vacation rentals can only be operated on properties zoned for commercial use. This includes the Central Business District (CBD), Limited Commercial (L-1), General Commercial (C-2), and Manufacturing District (M-1).
2. Existing short-term rentals that are not eligible for certification under the new rules but have been paying the monthly hotel-motel tax are considered "grandfathered" in. They can continue to operate until a change in ownership occurs.
3. To run a short-term vacation rental business, you need to obtain a short-term vacation rental certificate. The application for this certificate requires various information and documents including:

• Owner and business name information
• Dwelling unit information (address and maximum occupancy)
• Agent information (if applicable)
• A copy of the agreement between the owner and renter
• Proof of ownership
• A letter of agency
• SAVE affidavit
• E-Verify affidavits for businesses with more than 10 employees
• An annual rental certificate fee of $25 per establishment.

1. Short-term vacation rental licenses are valid for one year and need to be renewed thereafter.
2. Property owners need to pay the following taxes:

• 7% sales tax
• 6% lodging tax to Fannin County
• 2% lodging tax to the City of Blue Ridge
• $5 per night hotel tax.

Finally, non-owner occupied Airbnb rentals are legal, as long as they are located in a permitted zoning district. There is no limit on the number of vacation rental businesses that an owner can operate, making Blue Ridge a favorable market for this kind of real estate investing strategy​.

Is there a moratorium in short-term rentals in Blue Ridge, Georgia?

No, there is no active moratorium on short-term rentals in Blue Ridge, but short-term rentals are heavily regulated in the area.

Why Airbnb Guests Stay In Blue Ridge, Georgia

Where is Blue Ridge, Georgia?

Blue Ridge is a city located in the state of Georgia, United States. It is situated in Fannin County, in the northern part of the state. Blue Ridge is nestled in the scenic Blue Ridge Mountains and is known for its picturesque landscapes, outdoor recreational opportunities, and charming small-town atmosphere. The city is approximately 90 miles north of Atlanta, making it a popular destination for those seeking a peaceful retreat or outdoor adventure in a beautiful natural setting.

What is there to do in Blue Ridge, Georgia?

• Outdoor Recreation: Explore the stunning natural beauty of the Blue Ridge Mountains through activities like hiking, mountain biking, fishing, and boating. The area is known for its abundance of hiking trails, including the famous Appalachian Trail and the Benton MacKaye Trail.
• Blue Ridge Scenic Railway: Take a scenic train ride on the Blue Ridge Scenic Railway, which offers breathtaking views of the surrounding mountains and countryside. The journey takes you through the charming towns of Blue Ridge and McCaysville, allowing you to experience the area's history and scenic vistas.
• Mercier Orchards: Visit Mercier Orchards, a family-owned apple orchard where you can pick your own apples, enjoy delicious baked goods, and browse a variety of locally made products. They also offer tractor rides, a petting zoo, and wine tasting.
• Downtown Blue Ridge: Explore the quaint downtown area of Blue Ridge, which is filled with boutique shops, art galleries, antique stores, and cozy restaurants. Stroll along the streets, admire the historic buildings, and discover unique treasures.
• Lake Blue Ridge: Spend a day at Lake Blue Ridge, a beautiful reservoir offering opportunities for swimming, boating, kayaking, and fishing. Enjoy picnicking by the lakeshore or rent a pontoon boat to cruise the pristine waters.
• Wineries and Breweries: Discover the local wine and craft beer scene by visiting wineries and breweries in the Blue Ridge area. Sample a variety of wines and beers while enjoying the scenic surroundings.
• Waterfalls: Explore the numerous waterfalls in the area, such as Fall Branch Falls, Long Creek Falls, and Amicalola Falls. These natural wonders offer breathtaking views and are perfect for hiking and photography.
• Adventure Activities: For thrill-seekers, Blue Ridge offers adventure activities like zip-lining, whitewater rafting, and horseback riding. Get your adrenaline pumping while experiencing the beauty of the mountains.

‍What kinds of people travel to Blue Ridge, Georgia?

• Nature Enthusiasts: Blue Ridge is a popular destination for nature lovers who appreciate the scenic beauty of the Blue Ridge Mountains, lush forests, and picturesque waterfalls. They come to explore the hiking trails, go fishing, enjoy boating on the lakes, and immerse themselves in the outdoors.
• Adventure Seekers: The area's adventurous activities like zip-lining, whitewater rafting, and horseback riding draw thrill-seekers who are looking for an adrenaline rush and memorable experiences in an awe-inspiring natural setting.
• Outdoor Sports Enthusiasts: Blue Ridge attracts sports enthusiasts who enjoy activities such as mountain biking, kayaking, canoeing, and fishing. With its abundant trails, waterways, and fishing spots, the region provides ample opportunities for outdoor sports and recreation.
• Families: Blue Ridge is a family-friendly destination, appealing to those seeking a wholesome vacation experience. Families come to enjoy the natural attractions, engage in outdoor activities, visit the petting zoos and orchards, and create lasting memories together.
• Couples and Romantic Getaways: The serene and romantic ambiance of Blue Ridge makes it an ideal destination for couples seeking a peaceful retreat or a romantic getaway. The scenic beauty, cozy cabins, and intimate dining options create a perfect setting for a romantic escape.
• Art and Culture Lovers: Blue Ridge is known for its thriving arts scene, featuring local galleries, artisan shops, and theaters. Artists, craftsmen, and culture enthusiasts visit the area to appreciate and support the local arts community.
• Food and Wine Connoisseurs: The region's wineries, breweries, and farm-to-table restaurants attract food and wine lovers who seek culinary experiences. They indulge in local flavors, fresh produce, and artisanal products, savoring the unique gastronomic offerings of the area.
• Retreat Seekers: Blue Ridge's tranquil and serene atmosphere makes it a popular destination for wellness retreats, yoga retreats, and spiritual gatherings. Visitors come to relax, rejuvenate, and find inner peace in the peaceful surroundings.

‍When are the busiest and slowest seasons for tourism in Blue Ridge, Georgia?

The busiest season for tourism in Blue Ridge, Georgia is typically during the summer months, from June to August. This is when the weather is warm and pleasant, making it ideal for outdoor activities such as hiking, fishing, and boating. Many families and vacationers choose to visit during this time to take advantage of the natural beauty and recreational opportunities.

Another peak season for tourism in Blue Ridge is during the fall, particularly in October. The area is renowned for its vibrant fall foliage, attracting visitors who come to witness the stunning colors of the changing leaves. Fall also brings festivals and events celebrating the harvest season, further contributing to increased tourism.

On the other hand, the slowest season for tourism in Blue Ridge, Georgia is typically during the winter months, particularly January and February. While some visitors still come to enjoy winter activities like skiing and snowboarding in nearby resorts, overall tourist numbers tend to be lower during this time. The colder temperatures and potential for inclement weather can deter some travelers.

It's important to note that these patterns may vary slightly depending on specific events, holidays, and local attractions. It's always a good idea to check the local tourism calendar and consult with local authorities or tourism agencies for the most up-to-date information on peak and off-peak seasons in Blue Ridge, Georgia.

‍How far is Blue Ridge, Georgia from the nearest airport?

Blue Ridge, Georgia is approximately 90 miles north of Hartsfield-Jackson Atlanta International Airport (ATL), which is the nearest major airport. The drive from the airport to Blue Ridge typically takes around 1 hour and 45 minutes, depending on traffic conditions and the route taken. Several transportation options are available for travelers, including rental cars, private shuttles, and rideshare services. It's advisable to plan your transportation in advance to ensure a smooth journey from the airport to Blue Ridge.

‍Are there any major events in Blue Ridge, Georgia?

• Blue Ridge Trout Festival and Outdoor Adventures: This annual event celebrates the trout fishing heritage of Blue Ridge. It features fishing competitions, live music, arts and crafts vendors, food vendors, and various outdoor activities for the whole family.
• Blue Ridge Mountains Wine and Jazz Festival: Wine enthusiasts and jazz lovers gather in Blue Ridge for this festival, featuring tastings of regional wines, live jazz performances, delicious food, and a relaxing atmosphere.
• Arts in the Park: Held in the beautiful setting of the Blue Ridge City Park, this juried fine arts and crafts festival showcases the works of local and regional artists. Visitors can browse and purchase unique artworks, jewelry, pottery, and more.
• Blue Ridge Fall Fest: Celebrating the beauty of the fall season, this festival offers a range of activities such as live music, arts and crafts vendors, delicious food, and a pumpkin patch for kids. It's a great opportunity to enjoy the autumn colors and festive atmosphere.
• Blue Ridge Adventure Race: This thrilling event brings together outdoor enthusiasts for a challenging race that combines mountain biking, trail running, paddling, and navigation skills. Participants compete against each other in teams, showcasing their endurance and teamwork.
• Blue Ridge Scenic Railway's Santa Express: During the holiday season, families and children can hop aboard the Santa Express train for a magical journey through the picturesque Blue Ridge Mountains. The train ride includes visits from Santa and his elves, storytelling, and festive decorations.
• Georgia Apple Festival: Blue Ridge is known for its apple orchards, and the Georgia Apple Festival is a celebration of this local specialty. The festival features arts and crafts vendors, live music, apple-themed treats and desserts, and activities for all ages. It's a wonderful opportunity to taste fresh apples and experience the region's agricultural heritage.
• Blue Ridge Blues and BBQ Festival: Blues music and mouthwatering BBQ come together in this lively festival. Visitors can enjoy live performances by talented blues musicians, indulge in delicious BBQ from various vendors, and participate in activities such as BBQ competitions and tastings.
• Fire and Ice Chili Cook-Off: Held in downtown Blue Ridge, this event showcases the culinary skills of local chefs and chili enthusiasts. Attendees can sample different chili recipes, vote for their favorites, and enjoy live music and entertainment.

What Airbnb amenities do guests expect and pay a premium for in Blue Ridge, Georgia?

• Hot Tub: Given the region's beautiful natural surroundings, many guests appreciate having a private hot tub where they can relax and unwind while enjoying scenic views. Properties with hot tubs often attract more bookings and can command higher rental rates.
• Outdoor Fire Pit: A cozy outdoor fire pit provides a perfect gathering spot for guests to roast marshmallows, share stories, and enjoy the crisp mountain air. It adds a touch of warmth and ambiance to the property, making it desirable for guests seeking an authentic outdoor experience.
• Scenic Views: Blue Ridge is known for its stunning mountain vistas and picturesque landscapes. Accommodations that offer panoramic views from balconies, patios, or large windows are highly sought after by guests who want to soak in the beauty of the surroundings.
• Game Room: Providing entertainment options like a game room with pool table, foosball, or board games can greatly enhance the guest experience. Families and groups of friends appreciate having indoor activities to enjoy during their stay, especially on rainy days or evenings.
• Proximity to Outdoor Activities: Blue Ridge is an outdoor enthusiast's paradise, offering activities such as hiking, fishing, kayaking, and mountain biking. Properties that are conveniently located near these recreational opportunities are often in high demand, as guests want easy access to outdoor adventures.
• Fully Equipped Kitchen: Many guests prefer the convenience of a well-equipped kitchen where they can prepare meals and dine in. Having modern appliances, cookware, and utensils can make a property more appealing to guests who value self-catering options.

From Listing to Airbnb

1. Place an offer on this property: If you have a local real estate agent forward them this email and let them know you are interested in the property. If you want help finding the best representation, simply reply to this email and request an agent. Awning will get in touch with it’s network of agents. It’s best to be qualified for a mortgage, here is a list of lenders that work with Airbnb investors.
2. Close on the property: Closing on this property should be simple. An agent will help you review the contract and confirm that everything in the inspection report makes this a good deal.
3. Renovate and furnish the property: This property is easy to renovate and furnish. Then you’ll need some items, which you can find in this Airbnb Host Checklist.
4. Gather necessary documents and permission: You’ll want to consult Georgia Short Term Rental Laws. In most cases, you won’t require an attorney as the paperwork process is straightforward.
5. List the property on Airbnb: To list your property on Airbnb you’ll need a description, title and professional photography.
6. Manage the Airbnb: If you choose to self-manage the Airbnb you should not have much trouble finding reliable cleaners in the area.

Awning Management: If you choose to use Awning Property Management we can take care of gathering documents and list the property for you. You can learn more about Awning Property Management or reach our team by responding to this email.