Latest / Short Term Shopping / Luxury: Branson

Transcript

Luxury: Branson · Short Term Shopping

• 0:02
  Speaker A: Welcome to Short Term Shopping where we explore homes for sale in the best vacation markets in America. Some homes we do like, some homes we don't like. Brought to you by the Short Term Shop. It's Short Term Shopping. Short Term Shopping, luxury edition in Branson. And it's, it's lovely. I, I, you know, reminds me of my midwestern roots. My parents are coming next week. Two weeks, Branson. I actually looked it up yesterday. I think you guys only have. Now I'm going to misquote myself because I'm always looking up these stupid numbers, but I think it's like 9,000 people that live in Branson. Does that sound about right?
• 0:53
  Speaker B: That sounds about right. It's pretty rural, but we get a lot of tourist traffic.
• 0:56
  Speaker C: We see millions of tourists every year. It's great.
• 0:58
  Speaker A: 10, I was the number. I saw 10, which, that's a lot.
• 1:03
  Speaker B: It is, yeah. We are drivable distance for most of the country, so it's easy to get here. It stays pretty affordable. It's a good place to be too. It's very family oriented, right in the
• 1:13
  Speaker C: middle of the Mark Twain National Forest. And then we have a core operated lake. So the water is nice and clear and it's just absolutely beautiful here.
• 1:23
  Speaker A: I agree. You actually beat Destin. Matter of fact, I just did a quick Google search. 7.8 million per year according to this random Google search. And I, I did Google you yesterday and it was right at 10 million. So that's impressive. I was, I was impressed by that. Even national park, there's a lot of national parks that don't come anywhere near that. So a lot of folks coming to, to hang out the old Silver Dollar City.
• 1:48
  Speaker B: Absolutely have to.
• 1:50
  Speaker A: Oh yeah, it's awesome. It's, it's totally awesome. All right, so what do we, what are we looking at? Well, I guess like give me a brief description of what you're seeing in the market right now. Are sellers selling? Are buyers buying? Neither. What, what, what are they doing?
• 2:04
  Speaker C: So it's definitely, you know, a really strong buyer's market right now. We're seeing those longer days on average. So right now we're seeing like in Branson, the average days on market is 145, which is pretty substantial. And then we're seeing a sold to list ratio of 96.9. And that's the original list price to the sold price. So prices have come down just a little bit, but things are sitting longer. And we do have some more properties on the market. We have about nine months worth of the absorption Rate versus before we were seeing, you know, six to seven months worth of the absorption rate. So all that being said, buyers are getting some killer deals. We're sitting in a property right now that our client was able to get for 100,000 less than it appraised for, which is a pretty big deal to find in a market like this. And to see really solid numbers in the future is pretty exciting.
• 2:54
  Speaker A: Wait a minute, like literally right now you're sitting in that property? Literally we are. You say, hey, can I do a podcast in your property?
• 3:00
  Speaker C: Yeah, our house is going through remodeling right now, today. So we call the client and he's like, of course, you got us a deal.
• 3:07
  Speaker A: Cool.
• 3:07
  Speaker C: Whatever you want.
• 3:09
  Speaker A: 100,000 off asking? Yeah.
• 3:11
  Speaker C: Yeah.
• 3:11
  Speaker A: Say no to that.
• 3:12
  Speaker C: All right.
• 3:13
  Speaker A: When you say 96.9, you're saying that's off the original asking price. So in other words, the sale price is coming down only 3.1% across the board on average.
• 3:24
  Speaker C: That's in Branson. Yep. It's still holding pretty strong. But overall, I mean, if we're looking over the past few years, it's still come down quite a bit.
• 3:32
  Speaker A: Yeah, because with 140something days on market, you know, the 3.1% off list price is. That's still a decent amount of demand there, you know.
• 3:45
  Speaker C: Absolutely. They're not giving work. That's right. That's right.
• 3:49
  Speaker A: So we'll look at that though. I want to look at some days on market and, and also, you know, what the sellers paid and things like price history on some of these properties. But, but yeah, let's, let's just dive in. If you got, if you got share screen. If you got a screen share for me and like go over some listings, et cetera, I'd love to see what's doing.
• 4:09
  Speaker C: Absolutely. So we're going to start with this really awesome property on Willow Oak, which is only two minutes from Civil City, just like we were talking about earlier. And you're only about five minutes from the nearest marina and about five minutes to the Branson Strip. This property is a four bedroom, four bath priced at 575. It was built in 2022. And it's gross revenue, like the actual numbers for this property is 75,000. That being said, based on performance comps in the neighborhood, we're seeing people perform up to 100,000 gross revenue. So numbers are looking really strong at this property. Just flipping through it, you can see that it's cute. But there is room to improve the design as well. I mean, you could definitely redecorate, add, you know, a little bit more to it, you know, a little bit more to stand out and see potentially even better numbers based on what those other comps are doing.
• 5:08
  Speaker A: This looks pretty new.
• 5:09
  Speaker C: It does, Yep. It was built in 22.
• 5:12
  Speaker A: Okay. So it was a Covid build and sale and now the COVID buyer is selling it.
• 5:17
  Speaker C: That's right. This one's not selling though, because it's underperforming. They are selling it just because like a lot of our investors, they took advantage of those tax benefits and now they're at the point that they are ready to see. To see, you know, their next investment opportunity.
• 5:33
  Speaker A: Yeah. Looking to exchange. Okay, what do we got as a. It's beautiful. It's beautiful. It's going to be easy to manage. What do we have is. Can you go to the. The details with the history?
• 5:46
  Speaker C: Yeah. So the history on that one's not going to show up. But I will tell you that they purchased it for 525 and they put 50,000 into the furnishing of the property.
• 5:57
  Speaker A: Okay. So they're basically just trying to get out. Yep, yep.
• 6:01
  Speaker C: Again, they bought it for tax purposes. So for them, you know, they understand that the furniture isn't going to hold its value for super long. It takes a lot of wear and tear when you have that many guests coming through it. For sure.
• 6:11
  Speaker A: This is a lot of house for 575, at least compared to where I live.
• 6:15
  Speaker C: Absolutely it is.
• 6:17
  Speaker A: Yeah. 2100 square feet. 4.
• 6:20
  Speaker C: 4.
• 6:20
  Speaker A: What's the neighborhood? 10 on a scale of 1 to 10.
• 6:23
  Speaker C: I think it's fantastic. I would say it's a solid eight or nine. You are being so close to the lake and Civil Art City is a huge hotspot. This development was established earlier, back in the earlier 2000s, around 2008. Ish. And so we had original four bedroom and six up to six bedroom cabins in that neighborhood to start. And they've added additional phases. So this was another phase that they added in a few of these newer houses sprinkled in because everything was performing so well that there was a demand for it. For sure.
• 6:55
  Speaker A: Yeah. I see. You see a lot of folks that are always. They're like nervous that the, you know, oh, so much building. You know, I mean, that's just the world we're living in in the COVID You know, post Covid 20 to 25 era, a lot of building. I mean, I don't know why I would worry anybody. To me, you know, bring it on. You know, it's like going, it's like going to a tennis match and saying, I don't want to play anybody who's good. Why? Let's, let's play the good player so we can get better, you know what I mean?
• 7:27
  Speaker B: So yeah, it means there's room for opportunity, you know.
• 7:30
  Speaker A: Totally. And, and then when, when these people decide to, to bail, you could probably get a better deal than they. I've, I've two under contract right now that were built in 2021 and I'm buying them for, they're little, little long term rentals and you know, just a very small urban market and I'm buying them for like 20 grand less than what the seller paid for them.
• 7:50
  Speaker C: Yeah, yeah. And that's a great deal.
• 7:52
  Speaker A: Yeah, definitely opportunity. I'm actually trading in some old duplexes that are like, you know, 50 years old at this point for these like four year old houses. And I'm, I'm psyched, you know, and I'm getting them cheaper than what the seller paid for them because they bought it at the peak, so.
• 8:09
  Speaker C: Absolutely. And that's, you know, what we're looking at here is that most of the four bedroom cabins in our area are selling for well over 600,000, most of them, you know, closer to that 700,000 range. And we'll look at some more of those today. Just to give you some perspective that this is a really solid deal. This is going to be one of the more budget conscious properties in terms of these larger lodges that we have here.
• 8:30
  Speaker A: Yeah, what about this lake? Is that, what do I do down there? Do I use that lake?
• 8:34
  Speaker B: Oh, what do you do at Table Rock Lake? So Table Rock Lake is a quarry lake and it is dammed off. It connects to Taney Como, which runs right by Branson. Table Rock is completely man made, like I said, um, but it stays around 80 degrees in the summer. Um, so it's really comfortable for swimming. Um, people do a lot of water sports out there. You see a lot of like wake surfing or wakeboarding. Um, we are one of the more popular lakes for bass tournaments. So if you're into fishing, lots of opportunity for that as well. We have lots of fishing cabins around. So it's really cool that we can cater to that, that market.
• 9:15
  Speaker C: And we also have a lot of music venues that are, you know, a big, huge draw for people in our area too. So, you know, you spend all day out on the la, enjoying the water sports and then what do you want to do in the evening? Of course you'd want to Go sit, you know, at an awesome concert. And I mean, as locals, we got to see the Rolling Stones. And that was, you know, from this location of the property, about a 35 minute drive away.
• 9:35
  Speaker A: Yeah.
• 9:36
  Speaker C: And that's just an awesome way to get to end your. Your day at the lake is to get to spend it listening to some really killer music.
• 9:42
  Speaker A: Love it. All right. I think this is a good option. It is easy. You got the location, you got the newer build. It's not going to take a lot of, you know, not a lot of wear and tear and things to remodel and, and all that sort of stuff. So it's an easy button. It seems like a pretty fairly reasonable price. Just a Covid seller that wants out.
• 10:02
  Speaker C: Yeah, absolutely. Absolutely. It's a good one.
• 10:05
  Speaker A: Cool. I like it. It's cute.
• 10:08
  Speaker C: Thanks. All right, well, let's go to the next one, if that's all right with you. It's just down the road. This one's at 85. David. Sean. As you'll see, it's in the same development, but it's a little bit bigger. The cool thing about this one though is you start getting into those lake views, which we know that people really love to see. A big thing that we'll see in our area, as you talked about, we see a lot of tourism. What's really popular is to see multi generational families coming here as well as business groups, church groups, sports groups, all the different groups that we'll see through here. So these larger properties are very attractive and they are less competitive than condos because there's not as many in our area.
• 10:46
  Speaker A: And really, at its core, what we're doing here is we're taking advantage of the fact that people don't really want to stay in a hotel.
• 10:54
  Speaker B: 100%.
• 10:55
  Speaker C: Exactly.
• 10:55
  Speaker B: 100%.
• 10:56
  Speaker A: Yeah. And so that the small time investor, which is, I hate, you know, I don't want to call myself small time, but us regular folks can get involved because it's a. It's just a single family home and we can put it up on VRBO and rent it overnight and the whole family comes and stays. There you go.
• 11:12
  Speaker C: There's the money, there's the lake. That's the view from this one.
• 11:15
  Speaker B: So the benefit with these two is these are often built in developments where there's resort like amenities so guests will be able to have access to pools or sports courts. Sometimes there's even lake access. So it's just. You got to look for it. But there's plenty of things out there for guests to enjoy when they're booking their stay.
• 11:36
  Speaker A: Not the best view in the neighborhood, but nonetheless a view.
• 11:39
  Speaker C: Absolutely.
• 11:40
  Speaker B: It is under construction.
• 11:41
  Speaker C: Yep.
• 11:42
  Speaker A: Oh, the neighborhood's under construction.
• 11:44
  Speaker B: Yeah. This is the third phase, correct?
• 11:46
  Speaker C: Or the third or fourth. Yeah. They have some four bedroom A frames that are going down there. I don't have those on our list today, but those are another great option if you want closer lake views. Those four bedroom, they're new builds. So depending on the investor's goals, sometimes those construction loans are a little bit less favorable for them. We see a lot more of these purchased, you know, with that second home loan option, which is a little bit easier for many investors to get to enjoy the property and use it know, for Airbnb purposes as well.
• 12:15
  Speaker A: It's a big house. 4,200 square foot. Yes, sir.
• 12:18
  Speaker C: High.
• 12:20
  Speaker A: Okay.
• 12:21
  Speaker B: The whole family in there.
• 12:22
  Speaker A: 20, 20 build. Let's look at the history. Does it have history?
• 12:27
  Speaker C: This one was originally like they've come down quite a bit in that price point. This one I think is, you know, potentially even a management issue for performance. It's not bad. This one is averaging around 105 gross revenue for properties of this size in that neighborhood, whereas the high end of the properties of this size are going for 183 gross revenue.
• 12:50
  Speaker A: Yeah, I do, I do. I think that there is a little spot for a buyer that's ready to get in the ring and start swinging for these 20 to 23 builds, you know.
• 13:02
  Speaker C: Absolutely.
• 13:03
  Speaker A: I mean, look, go back to that history again. We don't know what they paid, but they were swinging for the fences here after it was, let's see, November of last year. No, it was July. Two, two Julys ago. Swinging for the fences. 1.150. Lord knows what. We don't know if that's real though, because it says canceled. Right. So that could not even be real.
• 13:25
  Speaker C: I suppose it's imaginary.
• 13:28
  Speaker A: Yeah. So. And then a little bit more realistic here with the 795 which has been up for, since November. So, you know, I mean, could I, how could I throw 700, 700 at this thing?
• 13:44
  Speaker C: I think you can offer whatever the numbers make sense for you to offer and see what happens.
• 13:48
  Speaker A: That's what I always do is say no. And then it goes.
• 13:50
  Speaker C: That's right. That's right.
• 13:52
  Speaker A: That's another thing I'm looking for. Like if this, you know, are there other ones in this neighborhood that are for sale? Because somebody's going to sell. Somebody's going to be ready to sell.
• 14:00
  Speaker C: Yes, that's Right. And this one is one that has been sitting on the market a little bit longer than some of the others. If you're ready for it, we can jump to the next one. Yes, it is also in the neighborhood. Another seven bedroom price the same. Now I will say that this one is one that I would say is not quite as much of a deal. Again, you're going to have those similar revenue numbers, you know, for the averages in that area. This one specifically though has only seen 12,000 gross revenue last year. Could be personal use that they're using it for. Could be management, you know, we don't know the details of that, but this one just doesn't seem to be hitting it off like some of the other ones. Just based on the data that we're looking at.
• 14:43
  Speaker A: A little better view. Yeah, little bit.
• 14:46
  Speaker C: But it almost looks like they might be building some lodges in front of it, which is kind of hard to tell just based on. You don't always know until they start putting them in the ground. I feel like
• 14:57
  Speaker A: this one is 70, 80 grand more than the last one we looked at. And about the same size.
• 15:03
  Speaker C: That's correct. Yep.
• 15:04
  Speaker A: Yep.
• 15:05
  Speaker C: Look at those days on market from that last one that they had canceled for it. That's crazy.
• 15:10
  Speaker A: Oh, so that was a previous listing at 889.
• 15:15
  Speaker C: Yep.
• 15:16
  Speaker A: Possibly even a new listing agent.
• 15:18
  Speaker C: Yeah, totally. Could be possible that they totally switched that for sure.
• 15:22
  Speaker A: Yeah. All right. Yeah, that's. Man, I can't even do the math on that. That's a long time. 3, 6, 9, 12. That's almost four years.
• 15:29
  Speaker C: Yeah, probably about since the time they bought it, if I had to guess, because the approximate year built was 2023.
• 15:35
  Speaker A: Yeah. Yes, you're right. Yeah. So it would have been right around that time.
• 15:39
  Speaker C: Yeah.
• 15:40
  Speaker A: Okay, cool.
• 15:41
  Speaker C: So great location, but of the two, I would have picked one of those first two rather than this.
• 15:45
  Speaker A: Yeah. But I like the fact that there's more than one available in there and we can just start swinging, you know?
• 15:50
  Speaker C: Absolutely, absolutely.
• 15:52
  Speaker A: What is something like this gross? One of the. Any of these available? Just a random number won't hold you to it.
• 15:57
  Speaker C: Yeah. So the gross number that we're seeing, Air DNA is saying the average high is around 183 and the total average is around 105.
• 16:06
  Speaker A: Okay.
• 16:07
  Speaker C: So not too bad, not too bad. And again, two minutes from Solar City, you know all the things. You're right. In a great central location. Now if we go a little bit further down Highway 265 and head out into Hollister there's some benefits of going out there. If you are outside of Branson city limits, your tourism tax is lower. Those first three properties are technically in the county, so again, you know, verify all the details, but you may have lower tourism tax there as well. Tourism tax in Branson city limits is often around 12%, Hollister is around 5%, and then Kimberlink City is around 3%. So just depending, you know, where you're located in these properties, your guests might be saving a little bit, which might allow you to get some better deals and potentially more bookings too. So this one is super exciting. It's a 10 bedroom. The largest lodges that we have in the area are usually 10 or 12 bedrooms. This one has its own private pool and has consistently been grossing over 200,000 since it opened. That's a pretty big deal for sure.
• 17:14
  Speaker A: Is the pool uncommon?
• 17:16
  Speaker C: Yes. So that's something that definitely makes this one stand out. Most of the properties in our area have community pools, but they don't all have private pools. The ones that have private pools can see, you know, 50 to sometimes even up to 100,000 gross revenue more than the others. And if you do the math on that, if you're paying your cleaners, you know, 50 to 100 bucks each time to try to help maintain the pool, you're definitely making a pretty buck on top of that to just have one on site.
• 17:44
  Speaker A: Can I find a pool company? Are they.
• 17:47
  Speaker B: Yeah, yeah, absolutely.
• 17:49
  Speaker C: You absolutely can.
• 17:50
  Speaker A: Okay. Because we do see that some. Some places where it's like, oh, you have a pool and good luck finding somebody to deal with it.
• 18:00
  Speaker B: Well, the benefit of being in, like, such a tourist heavy town is that all the services, the service industry is built to. To serve that. So, I mean, there's. There's someone to fill a need, whatever you need.
• 18:13
  Speaker C: Pretty much, yeah. And that's the. The benefit of working with people like us at the shop. Right. Is that we have those connections. We know who to call to make everything nearly turnkey. For those investors that wanted to do that.
• 18:25
  Speaker A: We do it all day, every day.
• 18:26
  Speaker C: That's right. That's exactly what we do.
• 18:28
  Speaker A: This thing's cute with the wallpaper, accent walls and stuff.
• 18:32
  Speaker C: Yeah. This one is definitely more designer ready. So in my opinion, that makes it even more turnkey. You don't have to worry about redecorating or updating the furniture or anything like that.
• 18:42
  Speaker A: Abby, let me ask you a real question here. I want to ask you, is beige making a comeback?
• 18:47
  Speaker C: I think so.
• 18:48
  Speaker A: It is.
• 18:49
  Speaker C: I think so. So my Millennial gray is going out. But you know what? That's okay. I'll take it.
• 18:54
  Speaker A: Yeah, the gray is definitely going out. Like, to the point where it's like, oh, your house is gray. Oh, right.
• 19:00
  Speaker C: We got to repaint it.
• 19:01
  Speaker A: Oh, no, I can't hang out with you anymore. But. But yeah, the grays, the gray, the beiges and the.
• 19:07
  Speaker C: And the.
• 19:08
  Speaker A: The off whites are definitely hot right now. And I, like, I never in a million years dreamed that I would like a beige of any kind. But. But, you know, it's not your grandma's beige they're doing now. It's different. It's different tones, and I can't believe we're having this conversation as a guy that owns three motorcycles, but it is
• 19:30
  Speaker C: a sign that we're getting old, I guess.
• 19:32
  Speaker A: So, yeah. Yeah, it is something to consider. I do like the beiges and the off whites. I've been using a color lately called Greek Villa that I really like from Sherwin Williams. But anyway. All right, There you go. 149. No price history. When was it built?
• 19:48
  Speaker C: So this one was built in 2021. There are a couple of other comps that have sold in this area more at the 1.3 range. So I would love to see this one again. Looking at the days on market, it's been listed for a minute. And the other ones that have sold were able to sell them for less. So that's something that I think could be, you know, potentially used to help get this one down a little bit, too.
• 20:11
  Speaker A: Can I see it on the map? Like, I zoom, zoomed out.
• 20:14
  Speaker C: Where's the map? Here we go.
• 20:16
  Speaker B: This one's situated a little closer to the dam.
• 20:20
  Speaker C: There's the lake.
• 20:22
  Speaker B: So it's got. It's going to have really good views, and you're going to have pretty decent time getting lake access. It's also just like right next to Branson. It has a Hollister street address, but you may as well be in Branson. So it's really easy to get into town if you want to do anything.
• 20:40
  Speaker C: So you can see here like that the airport, the marina, and the moonshine beach for swimming is right there. We looked at Dale Street. That's where you. Your guests will be able to access the water right there and go swimming right there. It's a great location.
• 20:56
  Speaker A: Do people bring their own boat?
• 20:57
  Speaker B: Yeah, we see that a lot. Not uncommon.
• 21:02
  Speaker A: Yeah, as opposed to the Smokies, where nobody goes to. We have a lake very similar to that up there, but nobody. It's too far so nobody, nobody plays around with it here. You got dual purpose.
• 21:12
  Speaker B: Yeah.
• 21:12
  Speaker A: Vacation town and the lake and the fishing spectacular. Is that correct?
• 21:17
  Speaker B: Well, I'm biased, but I would say so.
• 21:20
  Speaker A: Yeah.
• 21:21
  Speaker C: I think one of the best parts about the fishing here is that you have Lake Taney Como and Table Rock. So you're gonna have two different fishing environments. And we have the hatchery on the Taney Como side of the dam. So if you prefer more of the spring fed, you like trout, you like the cold water. You got that within five minutes of this too.
• 21:37
  Speaker B: Yeah. Branson's unique because we offer a pretty significant season for tourism. I mean, obviously there's a lake and all the summer stuff you're going to do, but Branson sees quite a bit of tourism in the winter months too. Solid. Our city does their Christmas thing. They have a huge Christmas tree. It's huge every year. And then Branson also starts Christmas, November 1st. The decorations go up and there's parades and there's all kinds of stuff going on. So it's just more of a reason to get people out there. So you have like two seasons that you can really swing here.
• 22:11
  Speaker C: Yeah. December is our, you know, often tied for the second or third busiest month of the year. And the travel Channel voted US top 10 Christmas destinations. That's a pretty big accomplishment. And Civil City over this past winter just filmed a Hallmark Christmas movie. So we're pretty excited for the attention that Silver Dollar City is bringing us.
• 22:31
  Speaker A: I love Christmas.
• 22:32
  Speaker C: I do too.
• 22:36
  Speaker A: All right, cool.
• 22:38
  Speaker C: All right, so we've got another one just a little bit further down the road in Hollister. Again, this is going to give you an example of what a four bedroom looks like in a different environment. This is at Tall Timbers Camp, which is a brand new development. This thing is just freshly painted, freshly opened and the first resales that we're seeing in that community, their price reflects that a little bit. But what's really cool about Tall Timbers is the fact that it has incredible amenities for the community. They have a pre stocked lake that they have built there so you can go fishing. It's catch and release only, but that's still awesome. They have biking and walking trails. They have this massive pool that is like just walk in entry. No, you know, steps, nothing to get down into. All the sports courts. They have a huge indoor pool.
• 23:26
  Speaker B: Food truck.
• 23:26
  Speaker C: They have food trucks. They have.
• 23:28
  Speaker B: There's a general store.
• 23:29
  Speaker A: Yep.
• 23:30
  Speaker C: A coffee shop. A lazy river is being built.
• 23:33
  Speaker B: Yeah, you wouldn't have to leave. This is top tier amenities in the
• 23:37
  Speaker C: area right now, and look at the. Look at the COA dues for that. That's only $3,700 a year. And it includes all of this. Your trash service, all of the amenities, your water, your sewer. I mean, it's fantastic. All the things you get for that. We'll take a little bit of a peek. So here's. Yeah, here's your sports courts. There's that big outdoor pool. That's the indoor pool right there. Your food trucks, they even have, like, fishing lessons they'll have someone come out and work with.
• 24:07
  Speaker A: Indoor and outdoor.
• 24:09
  Speaker C: That's correct. Yep. This one has its own private hot tub. And that's the pool right there.
• 24:14
  Speaker A: It's Disney style.
• 24:16
  Speaker C: It is. We're seeing it now here in Branson too. That's right. But it's a beautiful property, so it'd be really nice to just be turnkey, have it all ready to go right out the gate.
• 24:25
  Speaker B: Yeah, this one is ready to go.
• 24:27
  Speaker C: And you saw how close that pool house was for the. The big indoor pool so you can walk across the street right to it.
• 24:33
  Speaker B: The. The HOA even does golf cart rentals so you can get around the. The resort like that as well.
• 24:40
  Speaker C: That's right. Yeah. This one's really cool. I love this one. I'd love to sell it. Anything in this Tall Timbers area. And speaking of, we've got a couple more to look at over there. Just.
• 24:52
  Speaker A: Yep. Oh, sorry.
• 24:53
  Speaker C: You're good.
• 24:54
  Speaker A: Yeah. There we go. Okay. 3, 735. 734. 4, 4 and never been sold. It's a new.
• 25:02
  Speaker C: Yeah, that's right.
• 25:03
  Speaker A: Okay, great. Great. Go. Go ahead. Sorry.
• 25:05
  Speaker C: No, you're good.
• 25:06
  Speaker A: The next 100 square feet. Okay, got it. Go ahead.
• 25:09
  Speaker C: 1800. This one. The next one is a three bedroom, three bath.
• 25:12
  Speaker A: Same neighborhood.
• 25:13
  Speaker C: Same neighborhood. And Tall Timbers.
• 25:15
  Speaker A: Brand new.
• 25:16
  Speaker C: Brand new. That's right. This one's only 689 for that three bedroom, three bath, just under 1500 square feet. Again, COA dues are really affordable. They're under 3000 a year. And it includes a lot of your utilities, your water, your sewer, your trash, as well as all the fun things. We talked about, too. The original purchase price of these ones, we talked about how, you know, there's a little bit of an inflation whenever they resell those. But the original purchase price was for a three bedroom around 429 or 469, depending on the lot that they chose. And then for the four bedrooms, four baths. They were four or 509 or 549, depending again, on the lot that they chose, the more private lots or the more favorable lots were a little bit more. Now that is before furniture and upgrades, if they chose any. But just to kind of give you a perspective, these are highly desirable. In fact, one that we're going to look at next went pending almost immediately because they were basically selling it at cost. So it's pretty cool to see these ones up for sale. And I'm excited for what investors are going to see there in the future because they don't even have all the amenities built yet.
• 26:28
  Speaker B: It's going to be incredible.
• 26:29
  Speaker C: Yeah.
• 26:30
  Speaker A: Okay, cool. Three, three. 1500 square feet. 689. All right, I like it.
• 26:39
  Speaker C: So this one is the one that went pending right away. This one's at 549. Again, three bedroom, three bath, about 1500 square feet. This one, they don't have all the pictures of it, just sold right away. But it's cool to see these ones up and running. When we talked about the music venues that we have around here, Thunder Ridge Nature arena is only about 10 minutes from this location. And if you've, you know, planned a trip to go and see something at that concert venue, you'll hear a lot of talk about how long the line is to get into that property. People have, you know, sometimes sat in traffic for several hours, which is a huge draw for them to stay at a property like this because you were right next to it. It's going to be easier to get to that property and back home to be able to enjoy your concert without having any hiccups along the way. And then if it's all right, we'll look at the next one. We've got one in Summers Bay. This is another development. It's a little bit closer to where we are right now actually, at 125 Indian Summer Lane. This is a four bedroom, four bath for 725. It's about 2100 square feet and it was built in 2023. This property is another one of those resort like communities right on the water. This particular one does not have a lake view, but we'll look at one that does next. But it's awesome to see, like this is just a beautiful build that they have going on here.
• 28:07
  Speaker A: That's cool.
• 28:08
  Speaker C: Yeah, they've done a great job with that development.
• 28:10
  Speaker B: Yeah.
• 28:12
  Speaker A: 72544. This is a little bit bigger at 2100 square feet.
• 28:15
  Speaker C: Yep, that's correct.
• 28:17
  Speaker A: I like it. It's also brand new.
• 28:20
  Speaker C: Also brand new. Built in 23. So just a couple years you know, older than these other ones, but still, you're not going to have a ton of maintenance. You're going to have to worry about right out the gate by any means. And again, the resort community here will have a lot of the same things you'll see in these other resort communities. They'll have an indoor pool, outdoor pool. This one will have an outdoor hot tub, a playground, sports courts. This one has a really unique hiking trail down to the lake. So this is how close you are to the water. If you go down to the final row in Summer's Bay, there's a really neat staircase that will take you down to a hiking trail that goes down to the water. And it is so fun to take. I've personally taken a nice trip down there just to enjoy the views.
• 29:04
  Speaker A: Okay, I like this. I mean, I do want to paint the picture. If I want something old that needs work, we can do that too, right?
• 29:10
  Speaker B: 100%.
• 29:11
  Speaker A: Okay.
• 29:12
  Speaker B: We'll find you whatever you want, Luke.
• 29:14
  Speaker A: Okay, cool.
• 29:16
  Speaker C: Here's the thing about that. These large luxury lodges is what we would really call any of these. Four bedrooms and larger in our area. That's a newer thing for Branson. That's not something we've always had. So the very first development we really saw take off was Branson Canyon.
• 29:32
  Speaker A: And.
• 29:32
  Speaker C: And that was back in the early 2000s. And, you know, like. And Crown View Estates, where that first property, the first three properties were located, was another one. They had some there as well. And we saw in those early years they were successful even through the recession and the housing market crash. Those were the properties that continued to bring families because they're more affordable when you can split the cost across several families to be able to stay all together. And that's what Branson is all about. It's about, you know, all the family amenities, all the family fun, and people really seem to love that. So we've got this one and we have one more in that development. 151 Summers Bay. This one's going to be a four bedroom, four bath for 770. It's about 2,300 square feet. And this one has a really nice lake view that I'll see if I can find on here for you. So we get to see a lot more of the lake just past those majestic condos there.
• 30:27
  Speaker A: Cool.
• 30:27
  Speaker C: And you can see where the lake juts out a little bit there. The dam is over there. So the state Park Marina is there. That's a great place. If you didn't bring your own boat, you can rent your boat there and then Moonshine beach is right there. So if you want swimming access, that is more an ease into the water versus, you know, we call it Stone county for a reason. There's a lot of rocks around here. It's nice to have a beach that is smoothed out to make it easier for those people to access the. Access the water. So we love that about it. But again, great location. You're about 15 minutes, I would say, from Civil War City and, you know, maybe five minutes to the strip from here. So you're really close to everything here too.
• 31:08
  Speaker A: When was it built?
• 31:10
  Speaker C: This one was built in 2024.
• 31:13
  Speaker A: Okay.
• 31:14
  Speaker C: And this one doesn't have the history listed. So a lot of times it seems like these nude builds, they don't always show what they paid for on those listings.
• 31:21
  Speaker A: It might even be the builder still selling it.
• 31:24
  Speaker C: Yeah, potentially. Yeah. Yeah.
• 31:26
  Speaker A: Because a lot of times they'll rent it. Right. While it's. If they're, you know, not ready to sell it or.
• 31:31
  Speaker B: Yeah.
• 31:31
  Speaker A: Trying to sell them off in chunks or whatever.
• 31:33
  Speaker C: Yeah. That's not uncommon to see. Or people who will buy it just to get numbers and resell it pretty quickly. There's lots of different strategies we see with this, but it's because it's. It's a proven track record that we see in the areas that these properties are successful. So they keep doing it. Another one of our favorite developments, and I believe this is our last development that we're looking at today. Yes, this is Wilderness Mountain. This is out in Kimberling City. So this is going to be about 20 minutes from civil or city and about 25 minutes from Branson. The thing about Kimberling City is that's where we are seeing what I think the future of this area to be going. So Branson, we talk about sub markets. Hollister was one of the first that really took off outside of Branson. You know, it's just a few minutes down the way. But Kimberling City actually has more access to Table Rock Lake. And they were, you know, just a little bit slower to pick up on adding these developments. Wilderness Mountain is the first large luxury lot or large luxury resort community there. And just check out the views of the lake and this amenity right here. I mean, it's just completely eye catching when you're flipping through listings.
• 32:45
  Speaker A: It does get cold. What do they do with the pools in the wintertime?
• 32:50
  Speaker B: This one has an indoor pool.
• 32:51
  Speaker C: Yep.
• 32:52
  Speaker B: So it also has a lazy river and outdoor pool. But there's options for people this One's unique because you have your standalone houses, but there's also a condo building in the middle of it. So there's opportunity there too.
• 33:04
  Speaker C: Absolutely. The two things about this one that I think are the most interesting is that the days on market are been there for a while. So this one is again one of those original owners. It was built in 2023 and it's been sitting for a minute. And I have shown this property to several different clients. They all really liked it. They often just fell in love with a different one, but it made it to their short list. This one has, in my opinion, a unique opportunity to potentially offer quite a bit less because the performance isn't there. But all of the neighboring properties can show what, you know, what the potential could be. I really think that that's just something when you manage it yourself and you have more oversight. You know, we talk about those large management companies don't always have the ability to care for it like our individual owners do. So I love seeing when people self manage these and get to improve those numbers. And that's the lake view from this is from the kitchen that you're looking at in this photo. That bridge, you can see it a little bit in the background there. That's the Kimberling City Bridge. That's where the fireworks get shot off during July 4th. So it's an incredible opportunity for these two houses. There's two properties side by side right here that you could sit on the back deck and just watch the fireworks go off over the bridge. And I mean, think about what people would be willing to pay to just enjoy that view or personally enjoy that view, to experience that together.
• 34:28
  Speaker A: Rentability on something like this, as far as like, you know, is it easy to get bookings?
• 34:35
  Speaker C: I think so. Really what we see is that people who are self managing it or have a private management company like a small one, they tend to do really well, often averaging, you know, in the 100,000 range. On this five bedroom, that's not uncommon. This particular one is only doing around 50,000 gross revenue. But it's also managed by a large property management company. And that just tends to be sometimes the way things go as we've talked about in the past.
• 35:02
  Speaker A: And there's nothing wrong with that. There's a lot of people out there that don't need this thing to make a bunch of money, you know, so.
• 35:06
  Speaker C: That's right. And if they want something that's easy and that they can enjoy personally, then that's a great fit for them as well. But for those that are looking for that higher dollar revenue, there's great examples in the neighborhood that we can pull from when we use that enemy enemy method to figure out what we can do to increase those revenue numbers, too. Here's that indoor pool that you were asking about. So here's those. There's actually two indoor pools and two outdoor pools. They have a community fire pit, sports courts. They do have incredible lake access. It's really difficult to kind of see in the picture how to get there, but you can definitely walk down to it if you want to, or hike down to it, if you will, because it is a bit on. You know, we call it Wilderness Mountain for a reason. But the cool thing about Kimberling City is what we're seeing with that future development. You're still, you know, within 20 minutes of all that Branson has to offer. You're also closer to Dogwood Canyon, which is a Johnny Morris Bass Pro nonprofit with hiking and trails, bike rides. Just absolutely incredible property out there. And if you take 86 south towards Arkansas, you will head down towards Thunder Ridge Nature arena, which again, is another Johnny Morris or Bass pro area establishment that they have down there. And that's where we were able to see major concerts come through our area as well. And you get less traffic if you go south and don't have to sit in traffic for hours. You just go straight into the park and easy to park and get out and go enjoy your show.
• 36:40
  Speaker A: Do. Do properties in this neighborhood come up often?
• 36:44
  Speaker C: They don't come up super often. We do have some that have been for sale for a while. Some people bought them in the original phase. So these went. We actually sold a couple in the original phase of this one. They were listed in 2021. John and I personally negotiated on two nine bedrooms for some clients there. And I can tell you that phase one was sold out within, you know, a couple hours of it being listed. Literally, it was. It was insane to try to get those fought for at the very, very beginning of things, especially in 21. I mean, remember what those rates were and those terms were. I wish we could go back to those days, but crazy time it was. But we love seeing that these properties, you know, have largely been very successful. There's, you know, just a few of them that are listed, and some of them have been listed for a minute, but there's huge opportunities here to enjoy that. And look at that lake view on this cove. So that's the bottom of the lake access for this mountain, private to that subdivision. And you can Just enjoy the private waters down there. And if you wanted to rent a boat, they have the Kimberly. Port of Kimberly Marina is about five minutes away. So you could rent your boat, go under the bridge and just cove out in this area as well too. Just enjoy that with your family.
• 37:59
  Speaker A: Yep. Cool. I love it.
• 38:02
  Speaker C: All right, we got one more over there. Actually two more. This one's a seven bedroom. Now this one, I would say is not quite as much of a good deal. I think the price point is a little bit higher for what makes sense for it. But it has been listed for quite a while. So it might be another opportunity where maybe we could negotiate it for less than asking price. But it has absolutely beautiful natural light coming through. You don't really have to turn on the lights at all. So maybe that would help with energy bills. I'm not sure. But it's really cool to see those huge kitchens, large gathering spaces. I mean, we talk about how December is such a popular month for our, our guests and our travelers. This is where everybody's going to gather for those meals and open their Christmas presents. If they celebrate Christmas or have a Thanksgiving, have a Thanksgiving dinner, New Year's, whatever it is, they're going to be enjoying this space as a family together. And it's unique to have these big properties that have this large gathering space for everybody.
• 38:59
  Speaker A: Yeah, I'm ready. Let's put the tree up.
• 39:03
  Speaker C: I wish we had some pictures of that because, man, it is so neat. I even have like this loft up here. So there's another living space up top. And that can be nice too when they have multiple living spaces. Yes, it's great to have a big gathering location, but it can also be really helpful to have other locations that, you know, maybe it's late at night and the grownups want to have some fun and they want to send the kids to bed or go somewhere else. And you can send them to go downstairs to play games or upstairs to go play games while the grownups get to enjoy, you know, those after hours hangouts.
• 39:32
  Speaker B: Yeah, plenty of space for everybody.
• 39:34
  Speaker A: This has views. It looks like it has views.
• 39:36
  Speaker C: Yes, it does. It does have some really good views. Let's see if we can get to those. Maybe not those pictures. Maybe that's why it's been sitting for a minute. Maybe they need a show some pictures of the lake views because there really are some gorgeous ones. Let's see what we can find.
• 39:53
  Speaker B: That's the bottom patio, though.
• 39:55
  Speaker C: Yes, they do have a hot tub, a private hot tub on this one, the double Decks. This one even has an outdoor fireplace and an outdoor tv, which is really nice. Walking distance to the community amenities. Seeing if I can find those lake
• 40:11
  Speaker B: views, I guess I didn't want to show it off.
• 40:15
  Speaker C: Yeah, I guess they don't have the pictures too much from the decks.
• 40:20
  Speaker B: Almost all of these are going to have some pretty nice lake views because of where they're situated, though. And you can tell in the pictures how they're kind of circled around on top of the. That mountain there.
• 40:29
  Speaker C: So, I mean, it's almost panoramic, really. Like you. The cool thing is if you're on this top deck and you look to your left, that's where the sun will set. And you know, of course that means if you're looking to your right, that's where it's going to come up over the hills. So it's truly incredible to imagine like just enjoying the lake views from the back deck or the back patio and all the different times of day. I think it's just incredible.
• 40:52
  Speaker A: Love it. Little overpriced, but yes, sir, you never know.
• 40:57
  Speaker C: That's right. That's right.
• 40:59
  Speaker A: Hey, you guys want to sell this thing?
• 41:02
  Speaker C: Yeah. There's so much fun at this location. And a lot of people we hear from owners and from guests is that they enjoy being just off the beaten path just a little bit. They're not in the busy traffic of Branson. They don't have to worry about getting stuck in traffic, trying to get something to eat as a family. And we're seeing new restaurants. And the cool thing about Kimberling City is it is very much a lake community.
• 41:27
  Speaker B: It's very mom and pop. It's, it's. It's kind of a small, small. So if you want to get away from like the hustle and bustle of like downtown Branson, Kimberlink City is going to be a little more calmer. And you know, the lake access is a little easier there. Is that. That caveat of the driving distance? But I think it's kind of what
• 41:44
  Speaker C: I think for most guests, an added 10 or 15 minutes isn't a big deal. Yeah.
• 41:48
  Speaker B: And it's also easier to get to Silverado City from this side of the of town too. So you have that benefit.
• 41:54
  Speaker A: Love it. You got one more?
• 41:55
  Speaker C: I got one more. This is our last one. This is again in the same development of Wilderness Mountain. It's a five bedroom, five and two half baths. The cool thing about this one is that private pool. So again, we talked about in that earlier one in Branson Cove, this One has its own private pool, and that often means that it generates higher levels of revenue than the neighboring property properties that don't have that. So that can be a unique added feature for sure. And there's your lake view. Love that. Got the bunk rooms.
• 42:28
  Speaker B: Cool.
• 42:29
  Speaker A: I used to hate bunks. When I first got into the biz, I hated bunks. And the cleaners all hated bunks. And I'll tell you what, man, I like them now. You know, if you're done right, like, those are, like, built in, like, really real deal. You know, like a carpenter did those. And yeah, they're cool. They're great user space. And if I was like. And I think a lot of it has to do with my kids because, you know, we. We. We walk properties all. All the time. Like, all the time. It's like every damn house in this, the whole county, we've walked it. And they're like, they always light up when we. When we see something like that.
• 43:02
  Speaker C: It's so fun. I mean, even just looking at the colors that they picked.
• 43:05
  Speaker A: Yeah, that is.
• 43:06
  Speaker C: Your kid's gonna walk in your. The room, and they're just gonna be excited to see, you know, how fun does that look to climb up that ladder and get to hang out?
• 43:13
  Speaker A: Yeah, your cleaner does hate that.
• 43:14
  Speaker C: But your cleaner does hate that. I can tell you that. They do. However, your guests will love it, and, you know, your cleaners will find creative ways to get those things taken care of. I know that we have definitely been a party to that before, and we make it happen, make it fun for those guests, and that's what we're here for.
• 43:31
  Speaker A: Absolutely.
• 43:32
  Speaker C: That's the last one that we have. Let's see. Do you have any questions for us?
• 43:36
  Speaker A: No, I like that one a lot. No, everything's been good. But again, let's, you know. And we'll do another one. Maybe we'll do the old School Branson podcast. Today we're doing luxury newer builds, but reiterate that, like, you know, what are my typical price points? Can I get into something for super cheap? And then, like, what's the. What's the highest? Like, do you have $5 million properties?
• 44:04
  Speaker C: I think the highest I've seen here recently was around 2 to 3 million. Really? When you start getting in that 2 million plus, you can buy hotels around here or full resorts, and there are people who do that. We've got some really cool boutique resort communities that people are able to buy at that price point, often on the lake with all the amenities that they could imagine. And Enjoy with their guests. And I mean, that's a cool opportunity too to really capitalize on that in terms of like budget price points of where you can start getting into properties. Usually you can start seeing those standalone residential homes around 400,000. I mean, you might be able to get one a little bit less if it's, you know, dated and needs some work put into it. But really, 400,000 will start you in that process of like a three bedroom single family residence that you can rent out to.
• 44:53
  Speaker A: And again, to beat a dead horse. Can you explain the condo thing one more time?
• 44:59
  Speaker C: Well, condos are a little bit more competitive. They are very popular in our market and they do still perform really well. It's a great opportunity for people to get their foot in the door. Condos will start honestly as low as about a hundred thousand. So just about anybody's able to get into them. But we will see. You know, condos go all the way up to. Gosh, I've seen them listed as high as 600,000.
• 45:22
  Speaker B: Yeah, we get up there.
• 45:23
  Speaker A: Like I say condo, I mean these, these properties we looked at are technically condos.
• 45:27
  Speaker C: Technically standalone condos, yes. So the unique thing about that, like you're saying, is they are in resort like communities, they are technically considered standalone condos. That being said, it is not uncommon for us to see clients still purchase them as second homes and not have any issues with that because they are detached condos.
• 45:44
  Speaker A: With the financing, you mean?
• 45:46
  Speaker C: Yes, for financing. So that can be a really nice benefit to be able to take advantage of that opportunity as well.
• 45:52
  Speaker A: Okay. So, yeah, we, you know, we hear that a lot with people that are getting into this for the first time. You're not going to listen to an hour podcast and not understand that, I would imagine. But just to beat that horse. But, you know. Oh, well, everything in Branson is a condo. I don't want a condo. You know, that's not what it is. It's just the way they do things there and get over it.
• 46:12
  Speaker C: Right. And it's zoning based too. So, you know, that's protecting. We talked about how small our population is. There's not a lot of residential housing. So the way that our zoning is established is that it protects local housing, but it also offers opportunities for all of our investors and our tourism to be an enjoyable use as well. So we get to use that. If there is, you know, clients who are wanting something that looks more traditional of a lake home or a residential home, we're happy to help them sort. You know, what those zoning maps would look like or what they can use in different locations to benefit them, if that's their style too.
• 46:48
  Speaker A: Yeah. Well, you guys are just wonderful. You're an asset and we appreciate having you here at the Short term shop. And how do we find you?
• 46:57
  Speaker C: So I'm Abby at the Short term shop and this is John at the Short term shop. You can always find us here and we are so thankful for the opportunity. Opportunity to. To work for the shop. We love helping the clients find what's a good deal for them. For sure.
• 47:11
  Speaker A: That's absolutely, absolutely our pleasure. And yeah, again, the ShortTerShop.com thank you and we'll see you soon.
• 47:18
  Speaker C: Thank you.
• 47:18
  Speaker B: Thanks, Luke.