Turn-Key Investment Property with Bookings in place Seattle Market is Amazing (6-Figure Net-Income)

$1,580,000
4
3
4,775
sq. ft.
$331
per sq ft
Heated sq ft: 4,775 sq ft
Avg Nightly Rate: $945
Home Legally Sleeps: 24
Occupancy Rate: 45 weeks
Annual Gross Income : 197500
Annual Net Operating Income : 130320
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Business Stay, Couples/Romance, Equestrian, Mountain, Nature, Pet Friendly, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 1037

Property Description

www.zinntopia.com Virtual tour available on Website Great property Marketed as 5 Bedroom 4 bath. https://vimeo.com/heisermedia/review/512640539/1c3aeb584e Zinntopia Estate Corporate, Executive & Group Retreat Location near Seattle WA. Experience a retreat-like escape at Zinntopia Estate. Zinntopia offers an exclusive experience for all of its guests, offering views and amenities that are unique to the property and locale. ​ The estate boasts amazing views of the Cascade Mountains, which are so breathtaking that most guests stop to take them in before even entering. We encourage you to step outside after dusk, where wildlife will show their faces to come and drink from our private artisan spring. The estate has large windows that allow the views and natural light to come inside. This is where you will find a peaceful retreat-like atmosphere with awe-inspiring views. Surrounded by beautiful hiking trails, rivers, and vineyards —our Seattle event venue feels completely off the grid, yet only five minutes to shopping thirty minutes from Microsoft, Boeing, Amazon, and downtown. The venue feels like you’re completely secluded from the outside world—allowing you to fully relax and forget your responsibilities. Estate is 4775 sqft, has Radiant Heat throughout, large windows, chefs kitchen with commercial stove, high-end appliances, 2 laundry rooms, 2 wood burning fireplaces, A spectacular luxury craftsman sitting on 4.87 cleared acres. Only 33 min to Microsoft/34 to Boeing/43 to Amazon. Valued at over a million $, this home will be sure to take your breath away. Beautiful entry, Gourmet kitchen w/Wolf&Sub-Zero applies. This home is sure not to disappoint w/views to dream of. Huge master, large en-suite bedrooms, upper and lower Trex decks, Fire-retardant cement board, Buderus Radiant Heat system, 20KW back-up generator. Oversized 3 car tandem.

Presented by:
Owner:
MARIAM ZINN
ZINNTOPIA RENTALS RETREAT & EVENTS VENUE
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 2000
Low: 799
Peak: 1500
Special Event: 2500
Avarage: 945.00
Furniture Age
1
Est Value of Furnishings
$100,000
Peak & High Seasons
April, May, June, July, August, September, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Time for us to move on and focus on life with grandchildren. There is tons of information on www.zinntopia.com we host events, off-site retreats weddings quick video https://vimeo.com/heisermedia/review/512640539/1c3aeb584e
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
197500
Net Operating Income
130320
Stories
1
Additional Indoor Rooms
Attached Garage for No car, Family Room, Finished basement, Formal Dining Room, Home Office/Den, Living Room, Master Suite Down, Other
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
No A/C, Wood Burning Fireplace, Other
Floor Coverings
Carpet, Laminate Wood, Linoleum, Real Hardwood, Tile, Other
Security
Yes
Security Description
Viviant smart home Sensors, alarms lights doors garage CCTV
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Advanced House Framing, Attic air barriers, Carpet, Double pane-low emissivity windows, Duct Sealing, Energy Efficient Insulation, Energy efficient lighting, Low flow faucets/toilets, Programmable thermostat, Skylights
Year built
1998
Outdoor Features
Courtyard, Deck, Fenced/Gated Yard, Fire Pit, Porch - Not screened, Walk Out Balcony, Other
View
Mountain, Valley, Wooded Area, Other
Backyard Exposure
South
Lot Size
shy five gorgeous acres facing Due North at the Foothills of the Cascades Great yard for small weddings and outdoor recreations. This property features an Outdoor Oasis 10' hight structure with Firepit sounded by 5 Porch swings, real eye catcher. The property has Artesian spring that beckons wildlife daily. We have eagle nests nearby as well as other birds of prey.
Community Features
Not Located Inside Community
Tax Amount/Year
$7,400
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Not Located Inside Community
Mandatory HOA
Inquire
Home Legally Sleeps:
24
Onsite Parking
Parking is off-street holds 10 + autos, also have designated area on the property that can carry additional 30 cars that we rent for additional fees to Guests for Events
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$0.11
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
45
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner, Third Party
Managed By
Owner, Not in a Management Program
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Booking.com Profile, Private website, Professional photos, Professional video, Social media profiles, VRBO and/or Homeaway profile, https://my.matterport.com/show/?m=3nXUeP3fnDV&brand=0
Manager Cancellation Policy
 
  •  
Credit Card Fee
$2.93
Cleaning Fee
$300.00
Licesnes & Permits (Annual)
$250.00
Advertising & Tech Costs (Annual)
$2,150.00
Yard & Pest Control (Annual)
$129.43
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$3,129.33
Water/Sewer (Annual)
$1,510.00
Cable/Interbet (Annual)
$1,224.00
Accounting Fee (Annual)
$1,294.87
Property Taxes (Annual)
$7,400.00
Homeowner's Insurance (Annual)
$3,500.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$650.00
Additional Membership Fees (Annual)
$1,500.00
Acquisition
Purchase price
Closing costs
Home Inspection
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Rehab Work Estimates
Other
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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