Turnkey Property near Austin, TX

[Terry Erickson]

I have a house that we have had managed near Austin that we need to sell for personal reasons.  I am trying to determine the best path forward for our market.  I dont think the terms allow me to post a link but here are some basics.

Has been occupied avg of 17 days per month since Sept.

managed by a top tier company and has 4.8 star avg reviews.

Also would be a good family home (large private lot, fenced yard, hot tub).

It has the benefit of being near Austin downtown, but NOT in Austin city limits (9 miles to city center), so lower taxes and no STR rules (default to Travis County rules).

I have read the forum posts for similar situations, however every market is different. Trying to identify if better to list as Turnkey STR or empty it out (i have no use for the furniture and appliances).

Any thoughts specific top Austin market, and any proven Agents you can recommend in the area would be appreciated.

[Aaron Gordy]

It depends upon the highest and best use, imo. If the highest value is as an str then that is how it should be marketed. It also depends upon land size and location too. Its value could be valued much higher than you realize. For example, we had a listing near tesla factory. It had a home and a mobile home on it. The seller thought that the best value would be a rental property. We determined that the best value would be as a demolish/scrape and sell it to a developer. The value increased by hundreds of thousands. A developer did buy it and is now planning on a meat market/gas station at that location.