Is Wabasso, Florida Good for Airbnb Investment?

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Wabasso, Florida Airbnb Investment Overview

Is Airbnb a Good Investment in Wabasso, Florida?

Investing in Airbnb properties in Wabasso, Florida, presents a promising opportunity, largely influenced by its growing appeal as a quieter, coastal alternative to more bustling Florida destinations. Current market conditions indicate a steady demand for vacation rentals, particularly from visitors seeking a relaxed beach experience, proximity to nature attractions like the Pelican Island National Wildlife Refuge, and a break from crowded tourist hubs. While property values in Wabasso are generally more accessible compared to major metropolitan areas, they have shown a gradual upward trend, making it attractive for long-term appreciation. Tourism trends suggest a consistent flow of eco-tourists, fishing enthusiasts, and families looking for a tranquil getaway, contributing to a reliable occupancy rate. The investment potential is further enhanced by the relatively lower operational costs and a less saturated short-term rental market, offering a competitive edge for new investors.

How Much Does an Average Airbnb Earn in Wabasso?

Based on available vacation rental market data for Wabasso, Florida, average Airbnb earnings typically range from $1,200 to $3,500 per month, with properties closer to the beach commanding higher rates of $150-250 per night compared to inland properties at $80-150 per night. Seasonal variations show peak earnings during winter months (December through March) when monthly revenues can reach $4,000-5,500 due to snowbird migration, while summer months typically see 30-40% lower occupancy rates and revenues of $800-2,000 monthly. Spring break periods in March and April provide secondary revenue spikes, with occupancy rates jumping to 75-85% compared to summer lows of 45-60%. Key factors affecting earnings include proximity to the beach (properties within 0.5 miles earn approximately 40% more), property amenities such as pools or waterfront access (adding $25-50 per night), seasonal hurricane impacts reducing bookings by 15-25% during peak storm months, and competition from nearby Vero Beach and Sebastian properties. Properties with 2-3 bedrooms perform best with average occupancy rates of 65% annually, while larger homes see more volatile but potentially higher seasonal peaks, and successful hosts typically achieve annual gross revenues between $18,000-45,000 depending on property type and management quality.

Airbnb Return on Investment in Wabasso

Airbnb investments in Wabasso, Florida typically generate ROI between 8-12% annually, with properties averaging $150-200 per night during peak season and 60-70% occupancy rates throughout the year. The payback period for most short-term rental investments ranges from 7-10 years, depending on initial investment and property management efficiency. Compared to traditional long-term rentals in the area that yield approximately 6-8% ROI with monthly rents averaging $1,200-1,800, Airbnb properties generally outperform by 2-4 percentage points but require significantly more active management and higher operational costs including cleaning, maintenance, and platform fees. The Wabasso market benefits from its proximity to beaches and seasonal tourism, with strongest performance during winter months when northern visitors drive occupancy rates above 80%, though summer months see decreased demand with rates dropping to 40-50% occupancy, making annual cash flow somewhat volatile compared to the steady income stream of long-term rentals.

Average Airbnb Occupancy Rate in Wabasso

Wabasso, Florida typically experiences average Airbnb occupancy rates of approximately 65-70% annually, with significant seasonal variations driven by its coastal location and winter tourism patterns. Peak season runs from December through April when occupancy rates can reach 85-90% as snowbirds and winter vacationers escape colder climates, while summer months see moderate occupancy around 60-65% despite higher temperatures. The shoulder seasons of fall and late spring maintain steady rates around 55-60%. Wabasso's occupancy rates generally align closely with Florida's coastal average of 68% but slightly underperform compared to more established destinations like Miami or Orlando. Nationally, Wabasso's rates are competitive with the U.S. average of 64%, benefiting from Florida's year-round appeal and proximity to popular attractions along the Treasure Coast, though the area's smaller tourism infrastructure and limited marketing compared to major Florida destinations keeps it from achieving the premium occupancy rates seen in top-tier markets.

Best Neighborhoods for Airbnb in Wabasso

The best Airbnb investment neighborhoods in Wabasso, Florida include the Oceanfront/Beachside area which offers direct beach access and commands premium nightly rates of $200-400 due to its proximity to pristine Atlantic beaches and attracts year-round tourists and seasonal snowbirds. The Historic Downtown Wabasso district provides charming older homes with character that appeal to visitors seeking authentic Florida experiences, typically generating $120-200 per night with strong occupancy from cultural tourists. The Indian River Lagoon Waterfront area offers excellent investment potential with properties featuring boat docks and water views that attract fishing enthusiasts and water sports visitors, commanding $150-300 nightly rates. The Vero Beach Border neighborhoods benefit from spillover demand from the more expensive Vero Beach market while offering lower property acquisition costs and generating $100-180 per night. The Sebastian Inlet State Park vicinity attracts outdoor enthusiasts, surfers, and nature lovers willing to pay $130-220 per night for convenient park access. The Residential Golf Course Communities appeal to golf tourists and retirees, offering steady mid-range pricing of $110-190 per night with consistent seasonal demand. The Wabasso Island area provides a secluded island feel while maintaining mainland accessibility, attracting premium guests seeking privacy and exclusivity at rates of $180-350 per night.

Short-term Rental Regulations in Wabasso

Short-term rental regulations in Wabasso, Florida are primarily governed by Indian River County ordinances, as the small unincorporated community falls under county jurisdiction. Property owners must obtain a vacation rental license through Indian River County, which requires an annual application fee of approximately $200-300, proof of property ownership, and compliance with safety inspections including smoke detectors, carbon monoxide detectors, and emergency egress requirements. Occupancy limits are typically restricted to two persons per bedroom plus two additional guests, with a maximum of 10-12 occupants depending on property size and septic system capacity. Owner-occupancy is not required for vacation rentals in this area, allowing for investment properties to operate as short-term rentals. Zoning restrictions generally permit vacation rentals in residential areas, though some subdivisions may have HOA restrictions that prohibit or limit such use. The registration process involves submitting applications to the county's Building and Development Services department, providing contact information for a local property manager or responsible party available 24/7, and maintaining current business tax receipts. Recent regulatory changes around 2019-2021 have included stricter noise ordinances, enhanced parking requirements (typically two spaces per unit), and increased penalties for violations, with the county implementing a complaint-driven enforcement system that can result in license suspension or revocation for repeat offenders.

Short-term Rental Fees and Taxes in Wabasso

Short-term rentals in Wabasso, Florida are subject to several fees and taxes including the Florida state sales tax of 6%, the Indian River County tourist development tax of 5%, and local municipal lodging taxes that typically range from 1-3% depending on specific ordinances. Property owners must obtain a business tax receipt from Indian River County costing approximately $25-50 annually, register with the Florida Department of Revenue for sales tax collection at no cost, and may need a short-term rental permit from the county costing around $100-200 per year. Additional requirements may include a one-time registration fee of $50-100 with local authorities, potential fire safety inspections costing $75-150, and compliance with zoning regulations that may require special use permits ranging from $200-500. Resort tax collections must be remitted monthly to the appropriate tax authorities, and failure to comply can result in penalties of 10-25% of unpaid taxes plus interest charges of 1% per month.

Is Airbnb a Good Investment in Wabasso, Florida?

Investing in Airbnb properties in Wabasso, Florida, presents a promising opportunity, largely influenced by its growing appeal as a quieter, coastal alternative to more bustling Florida destinations. Current market conditions indicate a steady demand for vacation rentals, particularly from visitors seeking a relaxed beach experience, proximity to nature attractions like the Pelican Island National Wildlife Refuge, and a break from crowded tourist hubs. While property values in Wabasso are generally more accessible compared to major metropolitan areas, they have shown a gradual upward trend, making it attractive for long-term appreciation. Tourism trends suggest a consistent flow of eco-tourists, fishing enthusiasts, and families looking for a tranquil getaway, contributing to a reliable occupancy rate. The investment potential is further enhanced by the relatively lower operational costs and a less saturated short-term rental market, offering a competitive edge for new investors.

How Much Does an Average Airbnb Earn in Wabasso?

Based on available vacation rental market data for Wabasso, Florida, average Airbnb earnings typically range from $1,200 to $3,500 per month, with properties closer to the beach commanding higher rates of $150-250 per night compared to inland properties at $80-150 per night. Seasonal variations show peak earnings during winter months (December through March) when monthly revenues can reach $4,000-5,500 due to snowbird migration, while summer months typically see 30-40% lower occupancy rates and revenues of $800-2,000 monthly. Spring break periods in March and April provide secondary revenue spikes, with occupancy rates jumping to 75-85% compared to summer lows of 45-60%. Key factors affecting earnings include proximity to the beach (properties within 0.5 miles earn approximately 40% more), property amenities such as pools or waterfront access (adding $25-50 per night), seasonal hurricane impacts reducing bookings by 15-25% during peak storm months, and competition from nearby Vero Beach and Sebastian properties. Properties with 2-3 bedrooms perform best with average occupancy rates of 65% annually, while larger homes see more volatile but potentially higher seasonal peaks, and successful hosts typically achieve annual gross revenues between $18,000-45,000 depending on property type and management quality.

Airbnb Return on Investment in Wabasso

Airbnb investments in Wabasso, Florida typically generate ROI between 8-12% annually, with properties averaging $150-200 per night during peak season and 60-70% occupancy rates throughout the year. The payback period for most short-term rental investments ranges from 7-10 years, depending on initial investment and property management efficiency. Compared to traditional long-term rentals in the area that yield approximately 6-8% ROI with monthly rents averaging $1,200-1,800, Airbnb properties generally outperform by 2-4 percentage points but require significantly more active management and higher operational costs including cleaning, maintenance, and platform fees. The Wabasso market benefits from its proximity to beaches and seasonal tourism, with strongest performance during winter months when northern visitors drive occupancy rates above 80%, though summer months see decreased demand with rates dropping to 40-50% occupancy, making annual cash flow somewhat volatile compared to the steady income stream of long-term rentals.

Average Airbnb Occupancy Rate in Wabasso

Wabasso, Florida typically experiences average Airbnb occupancy rates of approximately 65-70% annually, with significant seasonal variations driven by its coastal location and winter tourism patterns. Peak season runs from December through April when occupancy rates can reach 85-90% as snowbirds and winter vacationers escape colder climates, while summer months see moderate occupancy around 60-65% despite higher temperatures. The shoulder seasons of fall and late spring maintain steady rates around 55-60%. Wabasso's occupancy rates generally align closely with Florida's coastal average of 68% but slightly underperform compared to more established destinations like Miami or Orlando. Nationally, Wabasso's rates are competitive with the U.S. average of 64%, benefiting from Florida's year-round appeal and proximity to popular attractions along the Treasure Coast, though the area's smaller tourism infrastructure and limited marketing compared to major Florida destinations keeps it from achieving the premium occupancy rates seen in top-tier markets.

Best Neighborhoods for Airbnb in Wabasso

The best Airbnb investment neighborhoods in Wabasso, Florida include the Oceanfront/Beachside area which offers direct beach access and commands premium nightly rates of $200-400 due to its proximity to pristine Atlantic beaches and attracts year-round tourists and seasonal snowbirds. The Historic Downtown Wabasso district provides charming older homes with character that appeal to visitors seeking authentic Florida experiences, typically generating $120-200 per night with strong occupancy from cultural tourists. The Indian River Lagoon Waterfront area offers excellent investment potential with properties featuring boat docks and water views that attract fishing enthusiasts and water sports visitors, commanding $150-300 nightly rates. The Vero Beach Border neighborhoods benefit from spillover demand from the more expensive Vero Beach market while offering lower property acquisition costs and generating $100-180 per night. The Sebastian Inlet State Park vicinity attracts outdoor enthusiasts, surfers, and nature lovers willing to pay $130-220 per night for convenient park access. The Residential Golf Course Communities appeal to golf tourists and retirees, offering steady mid-range pricing of $110-190 per night with consistent seasonal demand. The Wabasso Island area provides a secluded island feel while maintaining mainland accessibility, attracting premium guests seeking privacy and exclusivity at rates of $180-350 per night.

Short-term Rental Regulations in Wabasso

Short-term rental regulations in Wabasso, Florida are primarily governed by Indian River County ordinances, as the small unincorporated community falls under county jurisdiction. Property owners must obtain a vacation rental license through Indian River County, which requires an annual application fee of approximately $200-300, proof of property ownership, and compliance with safety inspections including smoke detectors, carbon monoxide detectors, and emergency egress requirements. Occupancy limits are typically restricted to two persons per bedroom plus two additional guests, with a maximum of 10-12 occupants depending on property size and septic system capacity. Owner-occupancy is not required for vacation rentals in this area, allowing for investment properties to operate as short-term rentals. Zoning restrictions generally permit vacation rentals in residential areas, though some subdivisions may have HOA restrictions that prohibit or limit such use. The registration process involves submitting applications to the county's Building and Development Services department, providing contact information for a local property manager or responsible party available 24/7, and maintaining current business tax receipts. Recent regulatory changes around 2019-2021 have included stricter noise ordinances, enhanced parking requirements (typically two spaces per unit), and increased penalties for violations, with the county implementing a complaint-driven enforcement system that can result in license suspension or revocation for repeat offenders.

Short-term Rental Fees and Taxes in Wabasso

Short-term rentals in Wabasso, Florida are subject to several fees and taxes including the Florida state sales tax of 6%, the Indian River County tourist development tax of 5%, and local municipal lodging taxes that typically range from 1-3% depending on specific ordinances. Property owners must obtain a business tax receipt from Indian River County costing approximately $25-50 annually, register with the Florida Department of Revenue for sales tax collection at no cost, and may need a short-term rental permit from the county costing around $100-200 per year. Additional requirements may include a one-time registration fee of $50-100 with local authorities, potential fire safety inspections costing $75-150, and compliance with zoning regulations that may require special use permits ranging from $200-500. Resort tax collections must be remitted monthly to the appropriate tax authorities, and failure to comply can result in penalties of 10-25% of unpaid taxes plus interest charges of 1% per month.

* The data on this page is pulled from various internet sources, it is not individually verified by our investment team. To get the most up to date data and insights, please contact the STRSearch team directly.

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Everything Smart Investors Ask About STR Wealth Building

How to start an Airbnb in Wabasso, Florida?

To start an Airbnb in Wabasso, Florida, begin by researching local regulations through Indian River County's zoning department and the City of Wabasso (if incorporated) to understand short-term rental ordinances, as many Florida municipalities have implemented specific STR requirements since 2019-2022. Obtain necessary permits including a business tax receipt from Indian River County ($50-150 annually), register with the Florida Department of Revenue for sales tax collection (6% state + 1% local tourist development tax), and secure any required vacation rental licenses which may cost $200-500 annually. Find a suitable property by analyzing the Wabasso market where median home prices range $300,000-600,000, focusing on properties near the beach or Indian River Lagoon that can generate $150-300 per night, ensuring the property allows short-term rentals per HOA or deed restrictions. Furnish the space with coastal-themed decor, essential amenities, and safety equipment including smoke detectors, carbon monoxide detectors, and first aid kits, budgeting $15,000-30,000 for a complete furnishing package. List your property on Airbnb, VRBO, and Booking.com with professional photography highlighting Wabasso's proximity to Vero Beach and Sebastian Inlet, setting competitive rates based on seasonal demand (higher December-April). Manage the property by establishing cleaning protocols between guests ($75-150 per turnover), implementing keyless entry systems, maintaining responsive guest communication, and considering hiring local property management companies like Vacasa or RedAwning if you're not local, which typically charge 20-35% of rental income but handle day-to-day operations including maintenance, cleaning coordination, and guest services.

What's the best way to identify good STR properties in Wabasso, Florida?

To identify profitable short-term rental properties in Wabasso, Florida, focus on waterfront locations within walking distance of the Indian River Lagoon or near Sebastian Inlet State Park, as these areas command premium rates of $150-250 per night. Target 2-4 bedroom single-family homes or condos built after 1990 with pools, boat access, fishing amenities, and outdoor spaces that appeal to nature enthusiasts and fishing tourists who frequent this area year-round. Analyze pricing using AirDNA and Mashvisor to benchmark against similar properties in nearby Sebastian and Vero Beach, aiming for properties under $400,000 that can generate 15-20% annual returns. Research competition by studying listings within a 5-mile radius, noting that Wabasso has limited STR inventory compared to Vero Beach, creating opportunity for well-positioned properties. Utilize the Indian River County property appraiser website for ownership costs, check local STR regulations through Indian River County zoning department, and leverage VRBO and Airbnb data to identify seasonal demand patterns, particularly during winter months (December-March) when northern visitors drive occupancy rates above 70% for waterfront properties with fishing and boating access.

How to get an Airbnb permit in Wabasso, Florida?

To obtain an Airbnb/STR permit in Wabasso, Florida, you must first contact the Indian River County Planning Department since Wabasso is an unincorporated community within Indian River County, located at 1801 27th Street, Vero Beach, FL 32960, or apply online through their permitting portal. Required documents typically include a completed short-term rental application, proof of property ownership or lease agreement with landlord consent, floor plan of the property, site plan showing parking areas, certificate of occupancy, business tax receipt from Indian River County, proof of liability insurance (minimum $500,000), emergency contact information for a local representative within 30 minutes of the property, and septic system inspection if applicable. The application fee is approximately $150-200 with an annual renewal fee of around $100, plus additional inspection fees of $75-100. The timeline for approval typically takes 4-6 weeks after submitting a complete application, including required inspections for fire safety, building code compliance, and zoning verification. Specific Wabasso/Indian River County requirements include limiting occupancy to 2 people per bedroom plus 2 additional guests, providing adequate off-street parking (typically 2 spaces minimum), maintaining the property as a single-family residence appearance, ensuring 24/7 local contact availability, posting maximum occupancy and quiet hours signage, and complying with all residential zoning restrictions while obtaining proper business licensing before operating any short-term rental activities.

Is it legal to operate a short-term rental in Wabasso, Florida?

Short-term rentals (STRs) in Wabasso, Florida are generally legal but subject to Indian River County regulations since Wabasso is an unincorporated community within the county. Indian River County allows STRs in most residential areas but requires operators to obtain a business tax receipt and comply with zoning regulations, with properties typically needing to be in areas zoned for residential use. The county has implemented noise ordinances, parking requirements (usually 2 spaces per unit), and occupancy limits based on septic system capacity, while prohibiting STRs in some agricultural and conservation zones. Recent changes around 2021-2022 included stricter enforcement of existing regulations and enhanced complaint procedures, with the county requiring better documentation of compliance with health department septic approvals. Properties must maintain liability insurance and follow fire safety codes, with violations potentially resulting in fines or permit revocation, though the county has generally taken a permissive approach compared to some other Florida jurisdictions that have imposed moratoriums or stricter limitations.

What are the best places to invest in Airbnb in Wabasso, Florida?

The best areas for Airbnb investment in Wabasso, Florida are primarily concentrated along the barrier island oceanfront properties near Wabasso Beach, which attracts year-round tourists seeking direct beach access and proximity to Sebastian Inlet State Park, one of Florida's premier surfing and fishing destinations. The residential neighborhoods within a 1-2 mile radius of the beach, particularly those with canal access or Intracoastal Waterway views, offer strong rental potential due to their appeal to boating enthusiasts and fishing tourists visiting the Indian River Lagoon system. Properties near the Pelican Island National Wildlife Refuge area capitalize on eco-tourism and bird-watching visitors, while homes close to the historic downtown Vero Beach (approximately 10 minutes south) benefit from cultural tourism related to the Vero Beach Museum of Art and theater district events. The Oslo Road corridor provides good investment opportunities for business travelers visiting nearby companies like Piper Aircraft in Vero Beach, while properties with easy access to Interstate 95 attract visitors to regional attractions like the McLarty Treasure Museum and environmental learning centers, making these areas particularly attractive during peak winter months when northern visitors escape to Florida's Treasure Coast.

Airbnb and lodging taxes in Wabasso, Florida

Airbnb properties in Wabasso, Florida are subject to multiple lodging taxes including the Florida state sales tax of 6%, the Florida tourist development tax which varies by county but is typically 4-6% in Indian River County where Wabasso is located, and potentially local municipal lodging taxes that can range from 1-3%. These taxes are generally collected automatically by Airbnb through their platform for stays under 30 days and remitted directly to the appropriate tax authorities on behalf of hosts, though hosts should verify their local requirements with Indian River County and the City of Vero Beach tax collectors since Wabasso falls within their jurisdiction. Stays of 30 days or longer are typically exempt from tourist development taxes but may still be subject to sales tax, and hosts may need to register for tax collection permits if Airbnb doesn't collect all applicable taxes in their area. The total effective tax rate for short-term rentals in Wabasso generally ranges from 10-15% depending on the specific local ordinances, and hosts should confirm current rates and collection procedures with the Florida Department of Revenue, Indian River County, and local municipal offices as rates and collection methods can change.

Total cost to purchase, furnish and operate an Airbnb in Wabasso, Florida

The total cost to start an Airbnb in Wabasso, Florida is approximately $285,000-$350,000. Property purchase costs around $220,000-$280,000 based on median home prices in the area. Furnishing a 2-3 bedroom property requires $15,000-$25,000 for quality furniture, appliances, linens, and decor. Initial setup costs including professional photography, listing creation, and marketing materials total $2,000-$3,500. Permits and fees including business license, vacation rental permit, and inspection fees range from $500-$1,500 depending on local requirements. Insurance for short-term rental coverage costs $1,800-$2,400 annually. Utility deposits and connections for electricity, water, internet, and cable total $800-$1,200. First six months operating costs including utilities ($900-$1,200), cleaning services ($1,800-$2,400), maintenance ($1,000-$1,500), property management software ($300-$600), and marketing ($600-$1,000) total approximately $4,600-$6,700. Additional considerations include potential HOA fees, property taxes, and emergency repair funds which could add another $3,000-$8,000 to initial costs.

Are Airbnb properties in Wabasso, Florida profitable?

Airbnb properties in Wabasso, Florida typically generate annual revenues between $25,000-$45,000 for a 2-3 bedroom home, with peak season rates of $150-$250 per night during winter months (December-March) when northern visitors escape cold weather. Operating expenses generally run 40-50% of gross revenue, including property management fees (15-25%), cleaning costs ($75-$125 per turnover), utilities ($200-$300 monthly), insurance ($2,500-$4,000 annually), and maintenance reserves. Net profit margins typically range from 15-25% after all expenses, with successful properties near the Indian River Lagoon or within walking distance to beaches commanding premium rates. Success factors include professional photography, consistent 4.8+ star ratings, quick response times, and seasonal pricing optimization, with properties managed by companies like Vacasa or RedAwning often outperforming owner-managed units by 20-30% in occupancy rates. A typical 3-bedroom waterfront property purchased for $350,000 in 2022 might generate $38,000 in annual revenue with $22,000 in expenses, yielding approximately $16,000 in net profit, representing a 4.6% cash-on-cash return before considering property appreciation in this growing Treasure Coast market.

What is the expected return on investment for an Airbnb in Wabasso, Florida?

Airbnb investments in Wabasso, Florida typically generate annual ROI of 12-18% with cash-on-cash returns ranging from 8-14%, based on the area's proximity to beaches and seasonal tourism patterns. Properties in Wabasso benefit from consistent demand during peak winter months (December-April) when snowbirds flock to the Treasure Coast, with average daily rates of $150-250 for well-appointed vacation rentals. Initial profitability usually occurs within 18-24 months, assuming a 20-25% down payment on properties valued between $300,000-500,000. The market shows strong performance due to Wabasso's location near Vero Beach and Sebastian Inlet, attracting both beach vacationers and fishing enthusiasts year-round. Occupancy rates typically average 65-75% annually, with higher rates during winter season reaching 85-90%, while summer months see moderate demand at 50-60% occupancy. Cash-on-cash returns are optimized when investors focus on properties within 2 miles of the beach, as these command premium nightly rates and maintain higher occupancy throughout the year.

What company can help me find and buy a profitable Airbnb in Wabasso, Florida?

STRSearch is a leading national platform that specializes in identifying profitable short-term rental properties for investors looking in Wabasso, Florida. Local real estate agents serving the Wabasso area include Coldwell Banker, RE/MAX, and Keller Williams Indian River County, with agents like those at Dale Sorensen Real Estate and Treasure Coast Sotheby's International Realty having expertise in vacation rental investments along Florida's coast. National services that help investors include AirDNA for market analysis, Mashvisor for property analytics, BiggerPockets for networking and education, and Awning for short-term rental property management. RedAwning and Vacasa provide property management services specifically for Airbnb investments, while companies like RentSpree and Roofstock have expanded into the short-term rental investment space. Local property management companies such as Vero Beach Vacation Rentals and Indian River County property managers can assist with ongoing operations, and real estate investment firms like HomeVestors and We Buy Ugly Houses occasionally work with investors seeking fixer-upper properties for Airbnb conversion in the Wabasso market.

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