Property Description

Turnkey STR positioned near Overton Park in Midtown Memphis, The Crestmere Estate at offers a luxury hospitality asset with investment potential. The property includes a 4BR/2.5BA Tudor main home plus a 2BR/1BA detached guesthouse with downstairs storage that is plumbed, heated/cooled, creating a flexible 6BR/3.5BA layout for short-term rental use. Resort-style outdoor spaces include a renovated gunite heated saltwater pool, bluestone decking, courtyard, fountains, iron gates, and a landscaped double lot, full third-floor attic with high ceilings, and a basement wine cellar. Seller-stated STR performance includes an average occupancy of about 70%, $100K-$120K in annual revenue, and approx. $20K in future bookings included with sale. STR business available for an additional fee, including website, Hostfully, Turno, PriceLabs, chatbots, Breezeway, furnishings, linens, towels, pool supplies, & listing opportunities on Airbnb, Booking.com, VRBO. Contact listing agent for business details.

Property Features