Want to know where to buy a Poconos Short Term Rental ?
Want to preserve your capital? Make the best return on your Investment?
Below is my (Rick Golden, real estate Broker. USA Realty / PoconosRealEstate.com) hierarchical list of the best areas in the Poconos to buy a property to rent out nightly. And, below it the areas to avoid.
Since 1727 our family has been guiding folks to and in the Poconos. Starting with a Settlement in Shawnee on Delaware and with Fort DePuy and the DePuy General Store.
I've practiced and invested in Poconos Real Estate Since 1969, have built 523 homes, am the retired Vice President of Real Estate, Camelback Ski Corporation where I was broker responsible for 80 rentals for 20 years.
Rick Golden -I KNOW the Poconos real estate market better than anyone.
So... Here is where to buy a Poconos Short Term rental for the most security and return on investment:
Centered between 2 major Poconos Ski Resorts, Jack Frost and Big Boulder,
Lake Harmony Estates - Lake Harmony PA.
Jack Frost in the second largest ski resort and Big Boulder is the home of snow making in the USA and the first ski resort to open and last to close each year. (generally)
This community is single family detached homes
on wooded Lots with the best "in the Mountains" feel of any in the Poconos. The community also has, because of ownership of 3 lakefront lots, direct access to motorboating Lake Harmony.
There are view lots and lots that have that "in the woods" feel. A fair number of restaurants are close by, Split Rock Resort has an indoor waterpark (less than 1 mile) and annual festivals along with bowling, movie theater and other community activities.
This neighborhood is equidistant to both the Philadelphia market and the NYC market
for guests. Guest registration is one of the simplest in the region.
Prices have continued to grow for 50 years with the neighborhood riding out the great depression of 2008 better than any other.
Go to our community website for Lake Harmony Estates Real Estate and Homes for Sale
to see the UP TO DATE list of available homes in Lake Harmony Estates. Call USA Realty- Pocono Office to view homes. 570-517-2428
With three types of homes
Northridge At Camelback - Tannersville, PA
Northridge At Camelback can (and does) satisfy many different types of rental guests.
Most Importantly the community's location
becomes the reason this is one of the most secure and best returning investments in the Poconos.
Set on the Northridge of Camelback Mountain with many homes having views of the slopes and of recent construction, Northridge was created with the vacation home owner in mind. It is a completely maintained neighborhood with grounds, roads, home exteriors, central water and central sewer, outdoor pool, fitness center, and kids play area as community amenities.
All homes are less than 1/2 mile from the Poconos most visited attraction.
Camelback skiing in winter, Camelbeach outdoor waterpark in Summer, and Camelback Adventure park, year around draw more visitors to the Poconos than any other attraction. Over 800,000 visitors come to Camelback every year AND MANY STAY OVER.
See our internet guide to Northridge At Camelback Real Estate and Homes for Sale
for the up to date list of homes for sale. Call USA Realty - Pocono Office to view homes. 570-517-2428
The community with the most "vacation like" feel in the mountains.
Locust Lakes - Pocono Lake, PA
Lakes, beaches, Tennis, a small ski hill and clubhouse. Some road unpaved and gravel makes your feel like you truly are IN the Mountains.
This is the community with homes providing the highest return on investment
with the list amount of community registration and oversight.
Located equidistant between Jack Frost Ski Resort and Camelback Mountain with it's ski resort and summer outdoor waterpark, the location for guests is ideal. Locust Lakes is also with 1/2 hour of Pocono Raceway, Mt Airy Casino and hundreds of restaurants.
Visit our guide to Locust Lakes Real Estate and Homes for Sale
for the up to date list of available homes. Call USA Realty - Pocono Office to view homes 570-242-5412
Great location near skiing and the Pocono Raceway
Brier Crest Woods
(you might hear the race cars in the distance on race days), LOW Dues and reasonably low taxes. One way in and out, has state forest on 2 sides, close to major highways.
While Brier Crest has fewer amenities than other neighborhoods, the lower dues compensates. Additionally, the location and wooded lots make this a great neighborhood for rentals.
Visit our Brier Crest Woods real estate and homes for sale w
eb guide for the updated list of homes for sale. Call USA Realty - Pocono Office to view homes 570-242-5412.
DO NOT BUY A HOME TO USE AS A SHORT TERM RENTAL OUTSIDE OF THE AREA BETWEEN and around CAMELBACK AND JACK FROST BIG BOULDER.
I can not emphasize enough the mistake it is to be away from skiing and the central activity area of the Poconos.
Do NOT buy an investment property in the Poconos North of I-84
. There just ain't NUTTIN to do up there. Restaurants close in winter, skiing is too far (yea, I know Big Bear... a tiny little ski hill with nothing around it.) You will probably not get the guests to return and returning guests are were the profits are.
Now this being said. There is a slight caveat .
... If you are looking for a home for your family and only want to rent to HELP cover the costs and you can find the right house at the right place... there may be some homes outside of the main rental area.