Maggie Valley / Waynesville / Lake Lure Airbnb Investments

[Brenden Corder]

Hello,

I'm looking at purchasing a property or two in the areas around Asheville, NC to rent on airbnb. The main areas I've been looking at are Maggie valley/Waynesville and Lake Lure.

Has anyone had success in these markets? Would be great to connect with other investors in the area. 

Thank you!

[Mitch Davidson]

Hi @Brenden Corder. As an STR investor in the Asheville market, and a lending consultant for many STR buyers here, I've studied the markets you've mentioned quite a bit over the years. Lake Lure is superior to Maggie Valley in the opinion of many, including me. The average nightly rent is better. The activity options are better as well. And it's closer to south Asheville, the airport, etc. If you end up still wanting to be SW of Asheville instead, I'd pick Waynesville over Maggie Valley. Waynesville isn't as oversaturated as Maggie, has a nice downtown, unlike Maggie, and is closer to Asheville. Also, we have more and more people working in Asheville while living in Waynesville, which seems to make it a better equity play than Maggie as well (i.e., for resale, you can hope to have owner occupant buyers as well). Happy to talk further if you want to set up a call.