16+ Airbnbs That Make More Than One Million Dollars a Year : Wheelhouse Blog

16+ Airbnbs That Make More Than One Million Dollars a Year

August 31, 2022 | Amelia Melching

For some, the thought of listing a property on Airbnb may seem like a small side hustle. But, vacation rental income can be a lot more than that for some property owners.

In fact, we recently came across this stellar Twitter thread from @MarkJenney that highlighted several Airbnb’s that made more than $1 million a year. And that made us want to be on vacation immediately!

So, we were inspired to write this post about some unbelievable Airbnbs that make more than one million a year…and how you can do that too.

How do you make money with Airbnb?

There are many factors that determine how much money owners make on their properties. The average host makes $900 per month, but some hosts have been able to earn as much as $10,000 per month by renting out their entire homes or rooms on an ongoing basis.

Dynamic Pricing

Dynamic pricing is one of the best ways to make sure your short term rental property is generating the best income for you. Dynamic pricing is a pricing strategy that allows you to set flexible pricing based on the current market demand.

With Airbnbs, this is a great strategy because you can set prices based on the season, such as busier times like summer and weekend, ensuring that you are setting the most optimal prices.

Wheelhouse’s dynamic pricing software is:

- Adaptable: The pricing market for short term rentals fluctuates and with a dynamic pricing tool, you can set things up to meet your requirements.
- AI-powered: AI helps to understand the market, ensuring you are setting the best prices possible for your Airbnb.
- Efficient: Dynamic pricing software allows you to eliminate time spent trying to figure out the best prices for your Airbnb, saving you time and allowing you to focus on other aspects of your business. Especially since pricing can change at any minute, having a dynamic pricing software tool will give you the peace of mind that your property is being priced to fit the changing market.
- Reduces costs: In the end having dynamic pricing software can save you money because an affordable subscription fee costs less than hiring someone to manually research pricing trends.

Get started with Wheelhouse for free today!

Upsells

Many short-term property managers and vacation rental owners are looking for opportunities to upsell their offerings through ancillary services.

These services might include:

- Upgrade welcome baskets: Some Airbnbs may offer a small welcome basket but you can take your guest experience to the next level by offering a more upgraded welcome basket. This could mean having more luxury items like champagne and caviar or even more high-end beauty items like designer name lotions and shampoo. You could also cater the welcome baskets to specific events like a honeymoon or engagement basket for a more personalized touch.
- Local experiences: You could team up with some local vendors for certain experiences, like horseback riding or yoga. You and the business can work out a deal where you get a certain percentage of sales made by your guests. Often, guests don’t want to have to do any additional research on finding experiences to do in the area so having a service like this is a great convenience to the guest.
- Early check-in and late check-outs: A major headache for both rental owners and guests is figuring out check-in and check-out times that work. Often, guests will pay a little extra for convenience when it comes to check-in and check-out times as it saves the hassle of trying to figure out where to go and the pain of dragging luggage along the way too.

Charging guests for these extra services allows for extra revenue with each booking, a better experience for your guest, more positive reviews, and in turn more bookings.

Appropriate Listings

Try and make sure your listing has information potential guests would want to know. You should include the following information in your description:

- Description of the property. This is where you describe what your listing looks like and what amenities it has, such as a kitchen or washer/dryer. You might also want to mention any special features that make your Airbnb unique, like a spectacular view or living room fireplace.
- Amenities not included with an Airbnb stay. If something isn't included in your listing but will be needed by guests (such as linens), then this is where you list it so they can bring it if needed. Include links to buy these items if possible!
- Amenities that are included in an Airbnb stay and amenities that aren't (but may be available). Be sure to list any freebies at all—whether it's free coffee on the first morning or towels set out each day—and explain why they're free versus being charged separately from the room rate itself; otherwise some customers might feel short changed when they figure out all these little extras add up over time!

16+ Airbnbs That Make More Than One Million Dollars a Year

Many short-term rental owners make a lucrative full time business with their Airbnbs. The following Airbnbs can generate more than $1 million dollars a year!

Entire Villa in Camelback Mountain

This breathtaking estate has been named “Arizona’s Most Extreme Luxury Rental.” You’ll enjoy unparalleled valley views from this stunning 8,500 square foot mansion located outside of the city of Scottsdale.

With room for 14 guests throughout the 7 beds and 5.5 baths, you can take in panoramic mountain and valley views from the salt water pool, spacious bar at the pergola, or one of the multiple fire pits. Owned by vacation rental agency Holiday Rental, you’ll receive a check-in and tour of the home, concierge services, and access to exclusive services throughout the Scottsdale and Phoenix area.

Pricing: Depending on when you book, pricing ranges between $3,500 to above $4,000 a night. This home makes $1 million a year

View the Airbnb

Luxury Seaside Villa in Waimea, Hawaii

This stunning seaside villa in Waimea, Hawaii takes luxury to the next level with its gorgeous surroundings and modern, lush interior design. This villa is perfect for those who enjoy a more active vacation. With a number of outdoor features, like a bocce ball court and tennis court, you’ll have plenty of activities to indulge in to keep you entertained.

If taking things slow and relaxing is more your vibe, you can do so in luxury. Lounge by the impressive heated swimming pool, try an outdoor bathtub, or relax in the Lanai.

This villa can accommodate up to 14 guests with five bedrooms and a total of seven beds and six baths. Four of the bedrooms are located in the main house, and you’ll find the fifth bedroom in the guesthouse. This bedroom includes a king size bed, ensuite bathroom, air conditioning, and direct access to the lanai.

Unique Amenities:
- Bocce ball court
- Tennis court
- Volleyball court
- Heated swimming pool
- Outdoor bathtubs
- Bicycles
- Stand-up paddleboards
- Boogies boards
- Snorkeling equipment
- Kayaks
- Alfresco dining seating for 8
- Lanai
- Fully equipped kitchen with breakfast bar and espresso machine
- Formal dining area with seating for 12
- Extra costs with advance notice: Airport transfer, villa pre-stocking, daily housekeeping, and activities and excursions
Pricing:
- Pricing is dependent on the time of year but pricing generally starts at $7,500 a night and requires a minimum of 6 nights. This home makes approximately $1.3 million a year.

View the Airbnb

Gated Villa with Panoramic Views in Malibu, California

This Spanish-style home in Malibu’s Big Rock Mesa neighborhood is the absolute California getaway for ultimate relaxation with unparalleled panoramic coastline views.

The main house boasts five bedrooms and the converted barn turned guest house adds an additional two bedrooms, one with a king bed and ensuite bathroom and one with a queen bed and gorgeous mountain views.

Aside from the impressive views, you’ll find that this home is surrounded by all the California beauty that nature has to offer. From the gorgeous greenery to the magnificent California waters, you’ll be at peace here!

Historic Belle Air Mansion in Nashville, Tennessee

Experience true Southern hospitality while you take a step back in time in this charming and elegant historic mansion located in Nashville, Tennessee. Make a quick Google search on, “Lewis James Belair Mansion Nashville”, and you’ll find that this stunning estate holds an important place to the community being designated as an Historic Landmark in May 2018.

The Belle Air Mansion is one of the few Antebellum Mansions in America where visitors are allowed to stay overnight. Most historic homes are a distance outside of town, but the Belle Air is only around 4 miles from the Nashville Airport and 5 miles from downtown. You’ll find yourself in close proximity to so many great places that keeping yourself entertained will be no problem.

What really sets this Airbnb from other rental properties? The grandeur and elegance! This marvelous estate can accommodate 16 guests within its 15 bedrooms and 17 bathrooms!

Pricing: Pricing is dependent on the time of year but generally runs around $4,500 a night with a 2-night minimum stay. This home makes about $1.5 million per year.

View the Airbnb

“The Happiest Place on Earth”

Move over Mickey Mouse, there’s a new hangout spot in town! This 22,000 sq ft luxury estate is only a few minutes away from Disney World but a stay here will make you want to not leave the premises. Known as the Legends Palace, it’s one of the largest vacation homes at Reunion Resort and Golf Club. The mansion has 13 en-suite bedrooms and 15.5 bathrooms, a private gym, and a bowling alley.

Your stay allows you access to numerous resort amenities like the swimming pools and golf course. However, access to some resort amenities does include cost of services.

Pricing: Pricing generally runs around $4,200 but can be around $6,000 during peak season (summer season). Minimum stays change as well during the busier season. This Airbnb makes around $1.1 million per year.

View the Airbnb

Mountain Luxury in Big Sky, Montana

Known as the Swift Bear House, this luxury home was built in August 2021 and embodies rustic elegance. This Airbnb has seven bedrooms and 6.5 baths, with the 7th bedroom serving as a bonus room if needed. What sets this Airbnb apart from others is the astounding views of Lone Peak. Those views can be enjoyed in one of the four bedrooms that have direct views, as well as from the kitchen, dining and guest room!

This mountain mansion also has easy in-and-out access. The ski-out access is a short 1-2 minute walk, and a detailed map is provided for you at the house.

For active individuals, staying here during winter is a dream come true. From skiing to sledding to snowmobiling, your options are endless. During the summer, you can enjoy hiking, mountain biking, and some of the best fly fishing in the country.

Pricing: Pricing varies and is dependent on the time of year. This Airbnb can start up to $2,100 and run up to $5,100 a night during busier seasons. It generally requires a 2-night minimum stay. This home makes about $1.2 million a year.

View this Airbnb

Waterfront Oasis in Marathon, Florida

Nicknamed “The Retreat,” this waterfront oasis is the ultimate tropical getaway for any occasion. Here you’ll find a luxurious main house as well as the Bali guest house. This space can sleep up to 16 guests within its seven bedrooms and 5.5 baths. There are two pools, a private beach, a 50ft dock and an amazing outdoor spa.

You’ll feel like you’re staying in our own private resort. Location wise, you’ll find yourself an hour north of Key West and not so far away from Islamorada, known for some of the best fishing in Florida.

Pricing: Pricing is dependent on the time of year but can normally run around $3,150 a night with a 7 night minimum. This Airbnb makes over $1 million a year.

View this Airbnb

Maui’s “#1 Vacation Home”

Voted Maui’s #1 vacation home, this Airbnb is one of the largest homes in Maui. This grand estate has seven bedrooms and seven baths, comfortably accommodating 16 people. With quick access to the beach, you can take in all the beauty that Maui has to offer.

If you’re looking to lounge around, no worries! This home has an amazing pool that you’ll never want to leave.

Micro-resort in Phoenix, Arizona

The Manor on Camelback is a custom-built luxury micro-resort that is sure to offer a unique experience in the Phoenix area. This Airbnb can accommodate 16 guests, with seven bedrooms and 5.5 baths.

You’ll find amazing hiking trails within walking distance and you’re a quick drive away from Old Town Scottsdale and downtown Phoenix. For an additional fee, you’ll also have access to a concierge service that offers amenities like a private chef, a private trainer, and experiences like hot air balloon rides and horseback riding.

Pricing: Pricing is dependent on the time of year but runs from $2,600 to $4,960, with minimum stays ranging from 3 to 5 nights. This Airbnb makes $1 million a year.

View the Airbnb

Ultimate Coachella-Fest Getaway in Indio, California

The Strut Oasis Compound is located in Coachella Valley, making it a premier vacation getaway. With 15 bedrooms and nine baths, you and your guests will have plenty of room to rest and play. The bohemian-chic aesthetic is effortlessly relaxed and comforting. You and your guests will have plenty to do here with lots of swimming, an outdoor entertainment system, and several games.

Pricing: Pricing is dependent on the time of year but generally runs around $4,166 with a 2-night minimum stay. This Airbnb makes $1.1 million a year.

View the Airbnb

Mountain Opulence in Montana’s Largest Estate

At 25,000 sq ft, this Airbnb is the largest luxury estate in Montana. While this home is undoubtedly large, you’ll find it cozy and comfortable. This estate has 10 bedrooms, 10 full baths, and seven half baths, overall accommodating 16 guests.

Whether you’re looking to lounge by the pool, spend the afternoon playing games, or looking to break a sweat on the sports court (or in the sauna), there’s something for everyone.

Pricing: Pricing is dependent on the time of year but typically runs around $6,240 a night with a 5-night minimum stay. This Airbnb makes $1.1 million a year.

View the Airbnb

America’s Biggest Log Cabin in Heber City, Utah

The Timber Moose is the largest, privately owned log cabin in America at over 26,000 sq ft of living space and 9,300 ft of balcony space. This cabin can sleep 58 guests within its 13 bedrooms and 16 baths. The impressive Grand Hall can even sit 98 people in either a banquet or presentation layout!

You’ll find a number of amenities that will make your stay enjoyable, and a premium location that’s close to Deer Valley, Park City, and Sundance resorts. If you need some time outside of the estate, you can take in everything Utah has to offer like hiking, fishing, and horseback riding.

Pricing: Pricing is dependent on the time of year but generally runs around $3,900 a night for a minimum of 3 nights. This Airbnb makes $1.3 million a year.

View the Airbnb

Famous Oceanfront Estate in La Jolla, California

What makes this La Jolla Airbnb famous? It’s been featured on some of Hollywood’s hottest reality TV shows! At 9,100 sq ft, this Airbnb has eight bedrooms and 7.5 bathrooms. With stunning beach views, this is the ultimate California location.

The open floor plan makes the home feel welcoming and perfect for entertaining. Aside from the amazing amenities, for an additional fee you can request a private chef, housekeeper and additional activities and excursions.

Pricing: $2,800 a night with a 10% discount when you stay 7-nights or more (excluding summer months and major U.S. holidays). This Airbnb makes $1 million a year.

View the Airbnb

Luxury Florida Mansion with Lazy River

Is there anything more luxurious than having your own private lazy river in your backyard? This 25,000 sq ft mansion in Reunion, Florida has everything you need.

With 14 bedrooms and 16 bathrooms, this incredible Airbnb can sleep 30 guests! For an additional cost you can request chef services, spa services, airport transfer and other activities and excursions. But don’t worry, there’s so much to do in this lavish home that you may not want to leave.

Pricing: Pricing is dependent on the time of year but generally runs around $3,500 a night with a 3-night minimum stay. This Airbnb makes $1.1 million a year.

View the Airbnb

Private Beach Mansion in Lahaina, Hawaii

Located in West Maui, this Airbnb is one of the largest vacation rentals in Hawaii, taking in both square footage and sleeping accommodations. This luxury home is adjacent to the ocean, giving you the best views possible.

If you’re looking for that laidback, tropical getaway you’ll definitely find that here. This impressive home can sleep up to 30 people while still providing ample space, privacy and relaxation. Within its 12,000 sq ft, there are 10 master bedrooms – each with a private bathroom – a fitness center, media room, and large kitchen. For an additional fee, a private chef can be hired.

Pricing: Pricing is dependent on the time of year but generally runs around $5,995 with a minimum stay of 6 nights. This Airbnb makes $1 million per year.

View the Airbnb

The Perfect Tropical Hideaway

Known as “One Perfect Day,” this St. Thomas luxury village is what dreams are made of. It has nine ensuite bedrooms that can accommodate 26 people, 9.5 baths, and beachfront access to Magen’s Bay.

The interior is styled with designer furniture, state-of-the-art electronics, and views you won’t find anywhere else. St. Thomas is a great destination because of its quaint size, but this Airbnb is also close to wonderful locations to visit like Drake’s Seat and Blackbeard’s Castle.

Pricing: Pricing is dependent on the time of year but can generally run around $5,500 a night with a 5-night minimum stay. This Airbnb makes $1.4 million a year.

View the Airbnb

Contemporary Chalet in South Lake Tahoe, California

If a peaceful, mountain getaway is what you’re looking for, then this Lake Tahoe Airbnb has just what you need. With 17 bedrooms and 18 bathrooms, this massive estate can host up to 40 guests!

Lakeside Beach and two ski lifts are only a short 10 minute drive away. But if you’re not looking to leave, you can stay in and watch movies in the home theater or play a round of pool in the impressive game room. For an extra fee, a private chef and spa services can be booked.

Pricing: A 30-night minimum stay is required and costs around $9,000 a night. This Airbnb makes $1.5 million a year.

View this Airbnb

Make more money with your Airbnb

Making money with an Airbnb is a smart way to bring in extra income…maybe even $1 million a year of extra income! And using a revenue management platform like Wheelhouse will help you get your listing up and profitable.

Wheelhouse helps property owners earn up to 40% more revenue…and scale their portfolio with ease. In three easy steps, Wheelhouse can get you up and running. Plus, Wheelhouse’s integration includes not only Airbnb, but also Tripadvisor, Bookingsync, Guesty, My Vr, Rentals United, and many more.

Get started with Wheelhouse for free today to make listing your Airbnb not only easier, but more profitable.

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TAGS:

16+ Airbnbs That Make More Than One Million Dollars a Year

How do you make money with Airbnb?

Dynamic Pricing

Upsells

Appropriate Listings

16+ Airbnbs That Make More Than One Million Dollars a Year

Entire Villa in Camelback Mountain

Luxury Seaside Villa in Waimea, Hawaii

Gated Villa with Panoramic Views in Malibu, California

Historic Belle Air Mansion in Nashville, Tennessee

“The Happiest Place on Earth”

Mountain Luxury in Big Sky, Montana

Waterfront Oasis in Marathon, Florida

Maui’s “#1 Vacation Home”

Micro-resort in Phoenix, Arizona

Ultimate Coachella-Fest Getaway in Indio, California

Mountain Opulence in Montana’s Largest Estate

America’s Biggest Log Cabin in Heber City, Utah

Famous Oceanfront Estate in La Jolla, California

Luxury Florida Mansion with Lazy River

Private Beach Mansion in Lahaina, Hawaii

The Perfect Tropical Hideaway

Contemporary Chalet in South Lake Tahoe, California

Make more money with your Airbnb

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