The Turn-Key STR That Sold Before It Ever Hit the Market — Gilbert, AZ Case Study
The Turn-Key STR That Sold Before It Ever Hit the Market
How a 5-year Airbnb business in one of Gilbert’s only STR-permitted communities sold at full price with zero concessions — during the Coming Soon period — and what it means for investors chasing 100% bonus depreciation in 2026.
A Successful STR Business, Ready for Its Next Owner
After nearly five years of building a thriving short-term rental business, my sellers were ready to move on. These were Colorado-based owners who had created something genuinely impressive — a fully operational, income-producing vacation rental with a 4.94-star Guest Favorite rating on Airbnb and a resort-style backyard that stopped guests mid-scroll every single time.
Life changes were pointing them toward new ventures. The business was performing. The asset was pristine. And the timing couldn’t have been better — because the buyer pool for exactly this type of property had never been more motivated.
1335 E Horseshoe Ave — front elevation, resort pool with waterslide, and outdoor kitchen. Gilbert, AZ 85296.
“This wasn’t a house being dressed up for sale. It was a proven operating enterprise with five years of documented performance — and that distinction changed everything about how we positioned it.”
What Made 1335 E Horseshoe the Real Deal
Primary suite, game/bonus room, and chef’s kitchen — 7 functional booking rooms across 5 bedrooms, a loft, and a bonus room.
Why This Property Had Rare Market Positioning
One of the only STR-permitted communities in Gilbert
Gilbert has tightened its stance on short-term rentals significantly. Most HOA communities either prohibit them outright or layer on restrictions that make legitimate STR operation difficult or impossible. This neighborhood is one of a small handful in Gilbert that explicitly allows STRs with no rental restrictions.
For buyers specifically hunting for a permitted, operating STR in the East Valley, the inventory is genuinely thin. That scarcity drives demand — and demand creates pricing power for the seller.
Seven rooms, not four
Most competing STR properties in the East Valley are standard 4-bedroom pool homes. The 5 bedrooms, loft, and bonus/game room create 7 distinct bookable spaces — a meaningful edge in nightly rate optimization, occupancy, and group demographics.
The backyard was the scroll-stopper
Guests don’t book amenities — they book photographs. The resort-style pool with waterslide, waterfall, and grotto is the visual anchor that drives bookings on Airbnb and VRBO. Properties like this command premium nightly rates of $400–$750+ depending on season and generate repeat bookings year after year.
Resort pool and waterslide, grand entryway, and loft/bonus game room — the amenity stack that drove 4.94-star ratings and premium nightly rates year after year.
Why Investors Are Racing to Find Turn-Key STRs Right Now
To understand why 1335 E Horseshoe generated so much immediate, serious attention, you have to understand one tax rule that’s reshaping how sophisticated investors look at real estate in 2025 and 2026.
This property carried an estimated $200,000+ in first-year bonus depreciation potential. For a buyer in a 37% federal tax bracket, that’s potentially $74,000+ in year-one tax savings — before the property generates a single dollar of rental income. That’s not a footnote. That’s the headline.
⚠ Legal & Tax Disclaimer: The bonus depreciation figures and tax savings estimates referenced in this post are for illustrative and educational purposes only and do not constitute tax, legal, or financial advice. Individual results vary significantly based on purchase price, cost segregation analysis, income level, filing status, material participation, and other factors. Eric Ravenscroft is a licensed real estate professional, not a CPA, tax attorney, or financial advisor. Always consult a qualified CPA or tax advisor before making investment decisions based on tax strategy. Nothing in this post should be construed as a guarantee of tax savings or investment returns. Past performance of this or any property is not indicative of future results.
The Strategy: Market the Business, Not the House
Most agents would have listed this as a beautiful Gilbert pool home. That would have been a mistake. The real value here wasn’t in the square footage — it was in the operating business, the documented performance, and the rare regulatory position. Our entire marketing approach was built around that.
We targeted investor buyers who understood STR income, knew what the bonus depreciation opportunity meant for their tax picture, and were actively searching for exactly this type of permitted, proven property in a supply-constrained market.
The Outcome
For the sellers, this was the ideal exit — maximum proceeds, no price reductions, and a clean close. For the buyers, they acquired one of the only permitted, operating STRs available in Gilbert, with a proven track record and significant first-year tax advantages waiting on day one.
What Clients Say
“Eric was such a wealth of knowledge, and provided fantastic insight into the process, while helping us navigate a tricky closing with amazing professionalism!! We highly recommend Eric!!”
“Eric is an excellent Realtor. He combines a high level of expertise with a vision that showcases the potential of what is possible for the property. His work ethic and connections are amazing. Our home was under contract within 6 days of being on the market. I highly recommend Eric Ravenscroft!”
What STR Owners Should Take Away From This
STR Investing in Gilbert — Common Questions
Eric Ravenscroft is a Certified Residential Specialist (CRS) and the founder of The Ravenscroft Group at Real Broker — one of the East Valley’s most trusted teams for buyers, sellers, and investors navigating the Arizona real estate market. Licensed in Arizona (Lic. #SA691304000), Eric brings over a decade of experience to every transaction.
What sets Eric apart is the depth of background he brings to every transaction. Before building his real estate career, Eric developed expertise in financial planning and tax strategy — giving him a rare ability to see real estate not just as property, but as a wealth-building vehicle. His investor clients get a strategic partner who understands how depreciation, cost segregation, 1031 exchanges, and portfolio positioning interact with their broader financial picture.
Eric has worked extensively with short-term rental investors across the Phoenix Metro — helping clients identify STR-permitted properties, evaluate revenue potential, structure listings for maximum investor appeal, and execute clean exits when it’s time to sell.
Related Insights
Whether you own a short-term rental and are weighing your exit strategy, or you’re an investor searching for a turn-key STR in the Phoenix Metro — let’s build the right plan. Eric brings the real estate expertise, investment strategy background, and STR market knowledge to position you for the best possible outcome.
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About the Author
Eric Ravenscroft is a Top 1% REALTOR® across North America and one of Arizona’s most trusted real estate strategists. With 15 years of experience spanning real estate, wealth management, and investment planning, he helps clients make smarter, financially grounded decisions, from new construction and relocations to STR investments, 1031 exchanges, and long-term portfolio strategy.
Eric’s expertise has earned him industry recognition, Elite status with Real Broker, and features in major publications including the Wall Street Journal, MarketWatch, MSN, and Morningstar. Clients across the Greater Phoenix Metro rely on his clarity, strategic insight, and results-driven guidance.
Ready to make a confident real estate move? Call or text Eric today.
