DIAMONDSTONE GUEST LODGE

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Turnkey Vacation Rental home has a 15-yr history, with niche for small groups and vacationers.

This two-story fully furnished home is historically a great small-group vacation rental. It would also make a great communal or 3-generation owner-occupied home. It works well as a 2nd vacation home (make money when you're not using it.) It could also be a Bed and Breakfast with an owner unit and 3 rentable units. Business travelers and couples are comfortable here as well. Each bedroom unit has a private entrance, private bath, and kitchenette or full kitchen. Currently, guests rent the entire lodge, or individual units to suit their needs. RR10 Rural Residential zoning. 3-car garage. A 480 sq ft garage/ storage outbuilding on site too.

Sellers may consider financing the purchase if the buyer is able to make a large down payment, with an interest rate well below conventional financing. Structured as a lease with option to purchase, the underlying mortgage has an effective interest rate of 1.5%, building equity at $900/mo.

The 15-year history shows gross income now over $120K/yr. Highway 97 travel is increasing. With 60% occupancy, there's room to grow &/or increase pricing. With the website and property management system, the business runs smoothly via a laptop and phone. The price is for the real estate and business. Business includes home furnishings, stair-climber machine, tons of linens, decorations, loyal client list, highway signs, A/R and future reservation deposits.

The business name has a strong web presence, established as a Bed and Breakfast in 1992. Search "La Pine lodging" through Google, or the OTAs, to see its organic presence and goodwill. Already connected to the OTAs, there's no need to advertise, as they do it for you. The website host is in Colorado, great people, ready to work with new owners to tweak the website to be whatever you want.

The secluded peaceful location is convenient to services, with the outdoors at your front door. Enjoy four seasons at elevation 4250’. Near Mt. Bachelor ski resort, Quail Run Golf Course, and many other recreation attractions. Rural residential acreage. Roads are county-maintained, paved and plowed in winter with No Homeowner's Association. The location is central to cultural and educational attractions, plus great shopping in Bend, 30 minutes north. The friendly small town of La Pine is less than 10 minutes away, now with everything one needs, including two medical centers.

The home features 5 bedrooms, 5+ bathrooms and 3800 sq ft to gather with friends and family. (Sleeps max 20 people with accessory beds.) Custom wood and tile everywhere. Comfortable, green-built home with solar assisted hot water and radiant heated floors. Cute propane and electric stoves add accessory heat. The upstairs great room has an entertainment / buffet area, and service kitchen with cookware and dishware. Furnished outdoor decks with propane barbecues add even more social spaces.



Number of Bedrooms
5
Number of Bathrooms
6
Property Sleeps
18
Parking
Yes
Home Size
3800 sq. ft.
Lot Size
1 acres
Amenities(tags)
Cable TV,Carbon Monoxide Detector,Family / Kid Friendly,Fire Extinguisher,Heating,Hot Tub,Indoor Fireplace,Internet,Pets Allowed,Smoke Detector,Washer / Dryer,Wireless Internet,


Cost

Show amounts in this currency:
Sales Price
925000 USD
Prior Year Gross Rental Amount
118000 USD
Rental Season
Always
Property Manager
Yes
Property Manager
Flat Fee


Rental Rates

Nightly
350 USD
Weekend Night
365 USD
Special Event
1250 USD
Weekly
2130 USD
Monthly
7500 USD

Rate Comments:


Price shown is for the entire lodge. But, it can book individual units if the lodge is not booked to a group.
Pricing is seasonal, but here was each unit's 2023 BASE PRICE FOR 2 people high season. ADD $15/person plus tax to max occupancy for that unit.
1200 sf downstairs 2 bedrooms, King and Queen, and 1.5 baths with full kitchen $160 + 50 cleaning + 9.5% room tax.
1400 sf upstairs suite 1 bedroom with 2 Queen beds & full bath, living room/event center has 5 accessory beds & 1/2 bath $165 + 50 cleaning + 9.5% tax.
500 sf downstairs suite has King bed, futon and kitchenette $150 + 40 cleaning + tax.
300 sf downstairs suite has 1 Queen bed, full bath and kitchenette $140 + 35 cleaning + tax.



Expenses

Annual Taxes
3709 USD
Annual Insurance
3250 USD
Annual Electric
3850 USD
Annual Heating
3500 USD
Annual Water / Sewer
USD
Annual Garbage Removal
350 USD
Annual Telephone / Internet / TV
2600 USD
Annual HOA fee
USD




Address
53737 Bridge Dr, La Pine, OR 97739, USA

External Links

https://www.diamondstone.com/
https://www.bizbuysell.com/Business-Opportunity/central-oregon-high-occupancy-vacation-rental-home-and-business-for-sale/2076508/



Contact the Owner

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