Sandbridge Virginia Beach STR Questions

[Sean Hudgins]

I am looking for some current operators in Sandbridge to chime in on this one. I have a client who is actively looking in the area for a vacation destination and STR (fellow BP Member). I am also extremely interested in getting into the market there in Sandbridge myself. One thing that I can see in our MLS is rental projections and sometimes live rental numbers for homes that have been rented in 2024. But I'm really more interested to hear from a current owner what they actually see coming back to them. There are a couple of larger management companies out there that have a majority of the market share, and they are usually the ones listing the properties, so who knows how accurate those projections really are?

Another question I would love some data on is what the numbers look like for the condo communities that are out there. Do they perform well? I see a problem with a lot of saturation in that area, and I can imagine that it is very difficult to stand out, and anyone that does operate one of those condos, would you do it again, or would you try to get a house next time? 

My general impression of the area is that you tend to be better off getting the more expensive homes, as they usually house more people and have significantly higher rental projections. Is this what you're seeing out there in the real world? Do you notice a sweet spot both in property size/vicinity to the beach?

Very interested to hear your numbers!!