Excessive rental rate Hawks Nest on the Beach??

[bl2005]

Is it true the rental rate on the house for next year is $10,000.00 per week?
We rented this house in June for $6100.00. Quite an increase - sounds unreasonable to me. I guess the owner doesn't want too many renters.
Any explanations?

 

[Mango]

Re: Hawks Nest on the Beach

Is that the house in Grayton that sleeps about 24 people or so?

 

[bl2005]

It sleeps 16 - 5BR 4.5 Baths

 

[sweet]

My guess is the wind insurance has increased through the roof and they are trying to keep a handle on it with increasing rent
Might hurt them in the long run

 

[Rather B Paddlin]

And taxes. And interest rates. And possibly a new owner.

If it is gulf front with a private pool, it is a fair rental rate. It will easily rent at that rental rate. Most quality gulf front homes are listed for sale at over $4 million.


rbp

 

[Unplugged]

What a beautiful beach house and great virtual tour

June's $6,100 rate was a bargain!

$10,000 is a fair price to sleep 16 people (8 couples/ 4 families of 4, etc.)

...esp if everyone shares in the cost.
_____________________________________________

 

[Smiling JOe]

...and just think about the entertainment value of watching everyone get stuck in the sand, from the comfort of your front porch with nice cold beverage in hand.

 

[Kurt]

I haven't spoken with the owner in awhile but the house seems to have been quite full this summer. A lot of wedding parties. He also has Hawk's Landing caddy corner to the Red Bar which is also very large and does have a pool.

www.EmeraldCoastTours.com/hawkslanding
(for sale MLS# 406210, $2,975,000).

www.EmeraldCoastTours.com/hawksnest

 

[Mango]

What a beautiful beach house and great virtual tour

June's $6,100 rate was a bargain!

$10,000 is a fair price to sleep 16 people (8 couples/ 4 families of 4, etc.)

...esp if everyone shares in the cost.
_____________________________________________

I agree. Quite the bargain at $6100. A house like that in the Northeast beaches would rent easily for at least 2X $10K, maybe more.
People who come to SoWal to vacation don't realize what a bargain they are getting at the rates I see. Hardwood floors, granite countertops, designer bedding all in beach houses.
People tend to forget too that owners expensive in taxes, insurance, and gas ans electric costs have risen dramatically. The owner may have tried to keep his rate as low as possible, but realized he could get market rate and beach front renters will pay it. That area has a great beach, views and quaint shops.
he also may have had some issues with renters at the lower rate. I found when I raised my rates, I got a different cleintele.

 

[Jdarg]

I know a few really nice houses in Grayton that rent from $2400- 3400 that sleep 16, with tons of room to spare. I've stayed in them! Personally, I can't imagine spending $10,000 to live in a small highrise for the week. So yes, bchlvr, I think it is very excessive. I guess it depends on what people like though, and if they like the view that is obstructed by nothing and being one of the biggest houses on the beach, then I guess they would find it a bargain. Maybe when people are planning weddings and such, this does not seem so expensive. I wouldn't know - been married too long. Now we look for clean, comfy, loved and lived in, and a good "beach" karma. This does not mean everything brand new and shiny and perfect. :roll: There are quite a few houses in Grayton that meet our requirements.;-)