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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Grapeview presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Grapeview, WA is a small waterfront community on the shores of Case Inlet in Mason County, where a tight inventory of just 27 active Airbnb listings serves vacation-oriented demand driven by waterfront access, outdoor recreation, and Pacific Northwest getaway seekers. With an average annual revenue of $44,749 and an ADR of $288, the market offers meaningful earning potential—though a 25% average occupancy rate and elevated home values near $975,010 mean investors need to be selective about deal sourcing to achieve strong returns. The heavily seasonal revenue curve and 107% year-over-year listing growth signal rising investor interest in this niche coastal market.
According to Rabbu market data, the Grapeview short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 27 |
| Average Daily Rate (ADR) | vs. $393 state avg. | $288 |
| Average Occupancy Rate | vs. 36% state avg. | 25% |
| RevPAN | ADR * Occupancy Rate | $71 |
| Average Monthly Revenue | Historical 12-month average | $3,729 |
| Average Annual Revenue | Historical 12-month average | $44,749 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Investors are drawn to Grapeview for its waterfront vacation appeal and limited supply, though higher property values and pronounced seasonality require careful underwriting.
Key investment factors
"Grapeview represents a competitive opportunity for short-term rental investors who can source properties at the right price point. The market's pronounced seasonality—August revenue of $7,727 versus January's $1,719—means cash flow is heavily front-loaded into summer, and investors should plan reserves accordingly for quieter months. With occupancy stability rated average and a below-average revenue-to-price ratio driven by elevated home values, profitability hinges on acquiring below the $975,010 market average or maximizing premium-season bookings through standout amenities and pricing strategy. The small listing count and waterfront character of the market reward operators who deliver a distinctive guest experience."
— Rabbu Market Analysis Team
Grapeview's revenue is sharply seasonal, peaking in August at $7,727 and bottoming out in January at $1,719—a spread of more than 4×. The four-month summer window from June through September accounts for the lion's share of annual income, making cash-flow planning and reserve management critical for off-season months.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,719 |
| February |
|
$1,787 |
| March |
|
$2,589 |
| April |
|
$2,743 |
| May |
|
$3,711 |
| June |
|
$5,058 |
| July |
|
$7,325 |
| August |
|
$7,727 |
| September |
|
$3,895 |
| October |
|
$2,942 |
| November |
|
$2,730 |
| December |
|
$2,517 |
Supply is concentrated in 2- and 3-bedroom properties (8 and 9 listings respectively), with only 5 listings in the 4-bedroom category. The relatively thin 4-bedroom inventory, combined with its higher revenue potential, may signal an opportunity for investors willing to acquire or develop larger properties.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
8 |
| 3 bedrooms |
|
9 |
| 4 bedrooms |
|
5 |
ADR scales steeply with size in Grapeview: 2-bedrooms average $198/night, 3-bedrooms jump to $312, and 4-bedrooms command $415—more than double the 2-bedroom rate. This premium pricing at the larger end reflects strong guest willingness to pay for additional space in a vacation-oriented waterfront market.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$198 |
| 3 bedrooms |
|
$312 |
| 4 bedrooms |
|
$415 |
Revenue per available night climbs from $45 for 2-bedroom properties to $85 for 3-bedrooms and $103 for 4-bedrooms, confirming that larger units generate meaningfully more income after accounting for occupancy. The 4-bedroom RevPAN is more than double that of 2-bedrooms, reinforcing the revenue advantage of scaling up property size in this market.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$45 |
| 3 bedrooms |
|
$85 |
| 4 bedrooms |
|
$103 |
Occupancy rates are relatively uniform across property sizes, ranging from 23% for 2-bedrooms to 27% for 3-bedrooms, with 4-bedrooms at 25%. This consistency suggests that demand doesn't favor one size dramatically over another, and that revenue differences are driven more by nightly rate than by booking frequency.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
23% |
| 3 bedrooms |
|
27% |
| 4 bedrooms |
|
25% |
Four-bedroom properties lead monthly revenue at $5,595, followed by 3-bedrooms at $4,313 and 2-bedrooms at $2,696. The roughly $2,900 gap between the smallest and largest configurations underscores the income advantage of investing in larger vacation-style homes in Grapeview.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$2,696 |
| 3 bedrooms |
|
$4,313 |
| 4 bedrooms |
|
$5,595 |
Annual revenue ranges from $32,359 for 2-bedroom listings to $67,151 for 4-bedroom properties, with 3-bedrooms earning $51,756. For investors evaluating return potential against Grapeview's average home values of $975,010, larger properties offer substantially higher gross income, though careful acquisition pricing remains essential to achieve viable yields.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$32,359 |
| 3 bedrooms |
|
$51,756 |
| 4 bedrooms |
|
$67,151 |
Kitchens and parking are universal (100%), while outdoor-oriented amenities like outdoor furniture (96%), backyards (93%), BBQ grills (93%), and waterfront access (93%) dominate—clearly reflecting the vacation and nature-focused guest profile. Hot tubs (59%), pet-friendliness (56%), and lake access (52%) represent differentiators that can help a listing stand out, though they're already common enough to be approaching table stakes.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Parking |
|
100% |
| Self Check-in |
|
96% |
| Outdoor Furniture |
|
96% |
| Backyard |
|
93% |
| BBQ Grill |
|
93% |
| Waterfront |
|
93% |
| Dryer |
|
93% |
| Washer |
|
93% |
| Patio or Balcony |
|
93% |
| Beach Access |
|
70% |
| Hot Tub |
|
59% |
| Pets |
|
56% |
| Lake Access |
|
52% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Grapeview Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Grapeview's ROI Score of 54 out of 100 places it in the 'Competitive Opportunity' band, reflecting a market where investor interest is growing but higher property prices compress the revenue-to-price ratio below average. Occupancy stability and market growth trends both rate as average, and supply/demand balance is holding steady even as listings have doubled year-over-year. Investors should pair this data with local regulatory research and focus on deal sourcing to find properties priced well below the $975K average, where the revenue from larger units can deliver a more compelling return.
Understanding local STR regulations is essential before investing in Grapeview. Here's the current regulatory landscape:
Short-term rental operators in Grapeview, Washington may be required to obtain permits or register their property with Mason County or relevant local authorities. Investors should verify current STR permit and licensing requirements directly with the county before listing a property.
Common restrictions that may apply include occupancy limits, minimum-stay requirements, noise and parking regulations, and potential caps on the number of permitted rentals in certain areas. HOA covenants can also impose additional limitations on short-term rental activity, so reviewing any applicable deed restrictions is essential.
Washington State requires collection of lodging taxes and sales tax on short-term rental income, and platforms like Airbnb often handle a portion of this collection automatically. Investors should confirm their obligations for state and local transient occupancy or tourism taxes to remain compliant.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Grapeview can provide current regulatory guidance.
Financing an Airbnb investment in Grapeview requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Grapeview's short-term rental market is likely to continue its seasonal pattern, with summer months (June–August) driving the bulk of annual income and winter occupancy remaining modest. Given average market growth trends and stable occupancy fundamentals, ADR could edge up 1–3% as supply growth moderates and guest expectations around waterfront amenities continue to rise. Investors should anticipate occupancy settling in the 23–28% range on an annualized basis, with the strongest cash-flow months concentrated in a roughly four-month window. Pairing a well-appointed property with competitive pricing during shoulder months may help extend the earning season."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and market conditions as of April 2026; actual results may shift as supply, demand, and regulations evolve. Local short-term rental regulations vary and may change; investors should verify current permit and tax requirements with the relevant authorities before proceeding.
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