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Business

Purpose-Built Vacation Rental Neighborhood Discovery Heights Providing Solutions for High Rental Demands

Purpose-Built Vacation Rental Neighborhood Discovery Heights Providing Solutions for High Rental Demands
mm
Weston Roberts
July 16, 2021

At the south end of the Long Beach peninsula lies a large basalt headland consisting of forested hilltops and magnificent capes overlooking the Pacific Ocean. The breathtaking views will have you drawn in the second you lay your eyes on the property that will become Discovery Heights.

A sunset over vast waters, an open-air breeze from your boat rental, and the feeling of riding horseback along the beach, a vacation in Discovery Heights will have you feeling like you just stepped out of your favorite movie. The imagery is just too incredible to describe – you have to see it for yourself.

But there’s just one problem – this development doesn’t exist yet.

 

In today’s vacation rental market, one thing seems to be on everyone’s mind – the demand for new vacation rental properties. 

At a time post-pandemic when, thankfully, many property managers and homeowners seem to have no issues booking their vacation rental properties, the focus has turned toward homeowner acquisition and the purchase of new rental properties.

But where is this inventory going to come from?

See Related: VRBO is Looking For More Supply
See Related: Airbnb CEO Acknowledges Vacation Rentals in Last Week’s Earnings Call
See Related: Now is the best time to Grow Your Inventory

 

The Solution

Florida, Texas, South Carolina, and Tennessee – all are states where vacation rental properties are happily invited to exist within existing residential zoning. In places like these, finding new inventory for vacation rentals faces little difficulty.

However, this isn’t the case in most places.

States like Oregon and Washington face the challenge of local towns and counties restricting the growth of vacation rentals.

So in this time when we are turning our focus to the growth of the vacation rental industry, new purpose-built vacation rental resorts are a solution to our problem. 

From a marketing perspective, purpose-built niche properties lend themselves to booking directly and less reliance on OTAs to attract guests.

These properties are purposefully built with you in mind. With the goal of providing new vacation rentals, the building of a purpose-built property requires thorough research, attention to detail, and deep understanding of the chosen market.

See Related: Building for a Niche Audience: Three Vacation Rental Entrepreneurs Purpose-Design Vacation Rentals to Meet Unique Travel Needs

 

Enter Discovery Heights

With a magnificent combination of location, history and demographics coupled with one gorgeous piece of property, Discovery Heights is ready to become an extraordinary vacation rental resort – a purpose-built development.

 

Weston Roberts Discovery Drive Listing from Reflective Films on Vimeo.

 

Located between two booming Portland and Seattle metropolitan areas lies this resort development that will house around 450 luxury units. The acreage of Discovery Heights lies just along Lewis & Clark National Park, and amenities include breathtaking ocean views, two local lighthouses, world-renowned trails for hiking, and popular Cape Disappointment State Park. The current owners of the Discovery Heights acreage all have personal ties to the local communities going back to the 1800s and have dreamt of and encouraged the development of a large-scale resort at the site.

The owners of Discovery Heights have been inspired by other successful purpose-built neighborhoods, like Seabrook, WA,  to develop this impeccable piece of land into a place for all of us to enjoy. 

Envision yourself at this destination development enjoying breathtaking ocean views, lighthouse walks, quick access to miles of coastal rainforest and protected state parks, sunset horse rides and enjoying a quintessential beach trip experience all right outside your back door.

 

 

Discovery Heights the Solution to Our Industry Challenges?

We in the vacation rental industry are in need of new vacation rental properties as the demand for bookings only continues to grow. Purpose-built properties just may be the answer. 

Perhaps Airbnb, VRBO, and the significant number of private equity firms pouring capital into VRMs will take a detour and help create new inventory on the Washington coast.

You too can become a part of the solution of this purpose-built development. Learn more and get involved today.

Related ItemsDiscovery HeightsNew Propertiesproperty managementpurpose-built developmentpurpose-built vacation rentalSponsoredSponsored Newsvacation rental demandVacation Rental industryVacation rentalsWeston Roberts
View Comments (1)

1 Comment

  1. Rich Marshall says:
    July 23, 2021 at 4:19 pm

    What magnitude of premium pricing do VR homes in purpose built developments generate? Here’s the math: 300 homes X 2,000 square feet =’s 600,000 total construction X’s $100 to $150 premium pricing per foot for the developer……that totals $60 million to $90 million….hard work? Sure, but it’s a win win for both the VR home owner and the developer.

    We like Seabrook at http://WWW.seabrookwa.com as a great example….magnificent project….

    Reply

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Business
July 16, 2021
mm
Weston Roberts

Prior to becoming a real estate broker, Weston was a Real Estate Appraiser III at the Multnomah County Assessor's Office. There he specialized in appraisals for public record and property taxes and was the main representative for property tax appeal cases at the time. Weston's background also includes being a former Pre-construction Engineer for one of the Portland area’s largest commercial construction companies specializing in developing high-end commercial properties in the PNW. Currently, he sells real estate and runs a few small businesses on the Washington Coast while investing in short-term and long-term real estate deals.

Related ItemsDiscovery HeightsNew Propertiesproperty managementpurpose-built developmentpurpose-built vacation rentalSponsoredSponsored Newsvacation rental demandVacation Rental industryVacation rentalsWeston Roberts

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