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First home Rental PV in Caroline. Roughly 60% private rentals that was used for LSV. So short term rentals, used by developer.
Second: PV New, in Pennacamp. The first year was a ghost town. Few homes were occupied full time, with majority seasonal rentals, which didn’t include short term rentals. After a year about 40% rentals, by year 4 only a small percentage of rentals. Third: Cottage New in Fernandina. Purchased as an investment. 60% rentals the first year. Year two 30% rentals, however 1/3 like ours were unfurnished long term, tight knit area due to lack of seasonal rentals. No STR (short term rentals of 1-7 days) for 10 years. Fourth: Designer Preowned, established area 95% full time original owners. Change of ownership was not welcomed by some residents. However due to age, within 2 years, rentals increased due to loss of spouse, or moved to memory care. Once sold many bought as investment, mostly seasonal, with a percentage of STR. Fifth Premiere New. First year, some homes occupied by owners seasonally, for first year. Other areas of village, many STR for the first year, with some seasonal rentals. At one year mark, many STR sold (rumor was due to proximity & some VLS investor owned). Year two Premiers & Designer, mostly full time. PV, and Cottage still have about 30-40% seasonal and STR So from 2007- 4/2025, new neighborhoods provided a fair amount of rentals, awaiting original owners to retire. Timeline about 1-3 years. Older Preowned neighborhood STRs more abundant as investment property, down the road, as they age out of homes. So new Village % of rental higher first 1-2 years, with younger residents moving in. Established areas, depending on age of residents and Village, rental becomes more prevalent, with a mix of Old, and younger buyers. Sometimes younger and renters are not well received by long term original owners. On a personal note I did find less tolerance of ethnic acceptance in older villages between the 6’s compared to south of 44. Could be due to younger residents and different values. |
Explore Homes in The Villages(R): Find Your Perfect Home
Click on link above. Select the Villa series you are curious about (Patio, Cottage, Courtyard, Garden) and it will show you the individual floorplans. Clear to see which have 2 and which have 3 bedrooms. Some, as mentioned prior in the thread, the 3rd bedroom option comes at the expense of loss of lanai (Emerald Patio Villa, for example). |
All neighborhoods are different. People come and go for one reason or another. Our neighborhood has changed significantly after 21 years in the same designer. Golf cart path behind us plus shrubs and a Village fence. Not noisy at all.
Good luck. |
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I'm a landlord in TV so have a lot of insight into this. Very few snowbirds bother renting out their place in the offseason months. There's really not much of a market left for that with the few people in cheaper villages offering rock bottom AirBnb rentals in bare bones 2/2 villas. Rentals are not as common as you may think. |
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One year living in a patio villa in the new eastport area. The problem with the patio villa's for me personally is the transient nature of the owners. This is something that no one really talks about. It's not the renters, or the close proximity of the homes that while that sometimes causes minor issues it can be worked out. It's when the owners come into town for two weeks, they escape their problems at home and they are the kindest people to you. Then they go home and you hear nothing until they come back again. Do they know how hard this is on the full timers? Feeling a bit "used". Sorry for the rant but I hope it gives a glimpse into one of the issues with this style home.
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I have noticed that some of the nice new-built homes in prime locations on view lots in the new areas, are for rent.
The villages does not let you re-sell new homes at a profit for a year. I speculate that people buy these nice homes, and intend to rent them for a year, then sell them after a year for a profit. |
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