In Stonington, Maine, short-term rentals are performing strongly, with an average 72% occupancy rate, a $252 daily rate, and $24,479 in monthly revenue, indicating a robust and lucrative market.
Thriving Short-Term Rentals in Stonington, Maine
Stonington, Maine, is experiencing a robust performance in its short-term rental market. With an average occupancy rate of 72%, the town's vacation rentals are in high demand. The average daily rate for these rentals stands at $252, contributing to a substantial monthly revenue of $24,479. This strong performance is supported by a diverse range of listings, including entire homes, private rooms, and various amenities such as internet, wireless internet, kitchens, and parking. Despite recent regulatory changes aimed at managing the housing market, existing short-term rentals continue to thrive, making Stonington an attractive destination for both visitors and investors.
Short-Term Rental Regulations in Stonington, Maine for 2024
Registration and Grandfathering
- Registration Requirement: All rentals, including short-term, seasonal, and year-round rentals, must be registered with the town. The registration period started on April 6, 2023, and must be completed by September 1, 2023.
- Grandfathering: Properties that were used as short-term rentals for at least one year prior to December 31, 2022, are grandfathered if they register by May 1, 2023. Grandfathered properties must still register and follow operating standards but do not need Planning Board approval.
Categories of Rentals
- Short-Term, Owner-Occupied and/or Owned by a Stonington Resident (STR-O): Different fees and regulations apply to these rentals.
- Short-Term, Non-Owner Occupied (STR): These rentals have more stringent requirements, including a 1,000-foot setback from other non-owner occupied STRs and a cap on the total number that can be registered in a single year.
Permitting Process
- New or Non-Owner Occupied STRs: Require completion of a registration form and approval from the Planning Board for conditional use.
Enforcement and Inspections
- Code Enforcement: The Town’s Code Enforcement Officer will enforce the ordinance. Noise, parking, and other complaints may be routed to the Hancock County Sheriff’s Department.
- Property Inspections: The Code Enforcement Officer may inspect non-owner occupied STRs to ensure compliance with occupancy limits, registration requirements, and life safety codes.
Fees and Penalties
- Permit Fees: Different fee structures apply to different categories of rentals (fees to be determined).
- Penalties for Non-Compliance: Penalties are outlined in Article 13 of the ordinance for prohibited activities and non-compliance with requirements.
Transfer of Registration
- Non-Transferable: STR registrations and grandfathering are not transferable upon the sale of the property, except through family inheritance.
Community Impact
- Restrictions to Maintain Community Character: The ordinance aims to maintain the working waterfront community by limiting the number of non-owner occupied STRs and ensuring that the town retains control over its valuable assets.
Title: High-Revenue Airbnb Neighborhoods in Stonington, Maine: Attractions and Appeal
Neighborhoods Generating the Most Airbnb Revenue in Stonington, Maine
1. Stonington Borough
- Appeal: This historic coastal village is a major draw for guests due to its charming shops, restaurants, and waterfront activities. The proximity to attractions like the Mystic Seaport Museum and the Stonington Harbor Light makes it highly desirable.
- Revenue Potential: Properties in this area tend to have high occupancy rates and daily rates, with some listings earning up to $12,345 in revenue potential and maintaining a 74% occupancy rate.
2. Stonington Harbor and Waterfront
- Appeal: The waterfront area is attractive for its scenic views, access to boating and fishing activities, and the vibrant community of seasonal and year-round residents. The harbor is a central point for many local events and activities.
- Revenue Potential: Properties with waterfront views or direct access to the harbor tend to command higher daily rates and have higher occupancy rates, contributing significantly to the overall revenue.
3. Mystic Seaport and Surrounding Areas
- Appeal: While technically part of the broader Stonington area, the Mystic Seaport's proximity and historical significance make it a popular destination. Guests are drawn to the maritime museum, re-created 19th-century seafaring village, and other historical attractions.
- Revenue Potential: Properties near this area benefit from the high tourist traffic, leading to increased bookings and revenue, especially during peak summer months.
4. Deer Isle and Neighboring Areas
- Appeal: Deer Isle, adjacent to Stonington, offers a more secluded and natural experience with its beautiful landscapes, beaches, and outdoor activities. Guests appreciate the tranquility and scenic beauty of this area.
- Revenue Potential: The surge in short-term rentals in this area has led to significant revenue growth, with many properties being rented out for extended periods during the summer months.
Why These Neighborhoods Are Appealing
- Historical and Cultural Attractions: Areas like Stonington Borough and Mystic Seaport offer a rich historical and cultural experience, attracting guests interested in maritime history and coastal living.
- Natural Beauty and Outdoor Activities: The waterfront and Deer Isle areas provide stunning natural scenery, access to beaches, and various outdoor activities such as boating, fishing, and hiking.
- Community and Local Amenities: The presence of local shops, restaurants, and community events in these neighborhoods enhances the guest experience, making them more appealing for short-term rentals.
- Seasonal Demand: The peak summer months drive high demand for short-term rentals in these areas, resulting in higher occupancy rates and revenue for hosts.
Tips for Furnishing and Design of an Airbnb in Stonington, Maine
To create an inviting and uniquely styled Airbnb in Stonington, Maine, consider the following tips:
Use Local and Coastal Inspiration
- Design your space to reflect the coastal charm of Stonington. Incorporate nautical elements such as ropes, anchors, and marine-inspired art to create an appealing atmosphere.
Neutral Color Palette
- Paint rooms with neutral colors to ensure the space is broadly appealing to a wide range of guests. This allows you to add personal touches without overwhelming the space.
Lighting
- Ensure adequate lighting, particularly in the kitchen and bathroom. Use a mix of overhead lighting, floor lamps, and table lamps, and consider installing dimmers to cater to different guest preferences.
Comfortable and Stylish Furniture
- Choose stylish and comfortable furniture that matches the coastal ambiance. High-quality bedding, modern appliances, and cozy seating arrangements are essential for guest satisfaction.
Outdoor Spaces
- Highlight outdoor spaces such as patios and balconies with waterfront views. These areas are paramount in a coastal town like Stonington.
Local Art and Decor
- Incorporate local art or decor elements to create an immersive experience for guests. This can include pieces from local galleries or artisans found in Stonington Village.
Functional Amenities
- Provide amenities that guests appreciate, such as beach essentials (towels, umbrellas), well-equipped kitchens, and convenient parking.
Reflect the Location
- Use the location as inspiration for your design. For a coastal town, emphasize light and airy color palettes, natural textures, and materials reminiscent of the seaside.
Attention to Detail
- Pay attention to details such as dedicated workspaces, fully-equipped kitchens, and comfortable living areas to ensure the space is both functional and inviting.
Seasonal and Local Themes
- Incorporate elements that reflect seasonal events and local festivals, such as the Stonington Village Farmers Market, to enhance the guest experience and connect them with the local culture.
Discovering Stonington, Maine: Local Attractions and Insider Tips
Outdoor Activities
- Kayaking and Boat Tours:
- Rent kayaks from Sea Kayak Stonington and explore the islands around Stonington. Guided trips are also available.
Use Isle au Haut Boat Services for daily trips to Isle au Haut, including lobster-fishing tours, lighthouse tours, and Seal Island Puffin cruises.
Hiking Trails:
- Explore the 98-acre Crockett Cove Woods Preserve on Deer Isle, known for its fog forest and dense red spruce trees.
- Visit the Barred Island Preserve and other trails managed by the Island Heritage Trust.
Hike at Settlement Quarry for panoramic views of Webb Cove and the surrounding islands.
Sand Beach:
- Enjoy a picnic at Sand Beach, a calm spot with large boulders and potential sightings of bald eagles and ospreys.
Cultural and Historical Attractions
- Stonington Opera House:
Catch a performance or take a tour of this historic opera house, which hosts plays, concerts, and other events throughout the year.
Deer Isle-Stonington Historical Society:
Visit the museum buildings, including Sellers House, Marine Hall, Exhibit Barn, and Boat Shed. Explore the Heritage Gardens and Orchards as well.
Deer Isle Granite Museum:
- Learn about the area’s granite industry and see a 3D model of the Crotch Island granite quarry. The museum highlights the unique pink granite used in notable structures like Rockefeller Center and the John F. Kennedy Memorial.
Arts and Community
- Artist Studios and Galleries:
Visit studios and shops associated with the Haystack Mountain School of Crafts, such as Geoffrey Warner Studio/Owl Furniture, The Turtle Gallery, and the Deer Isle Artist Association.
Opera House Arts:
- Enjoy community events, movies, and stage performances at the historic Stonington Opera House. The lobby offers a view of Stonington Harbor along with snacks and beverages.
Unique Experiences
- Mini Village:
Explore the cute miniature village created by Everette Knowlton, a local resident who built one miniature building each year starting in 1947. These miniatures are on display in a small park during the summer.
Stone Cutter Statue:
Pay homage to the stonecutters who worked in the granite quarries by visiting the Stone Cutter Statue, which faces the town and overlooks the harbor.
Discovery Wharf at MCCF:
- Engage with interactive exhibits at the Maine Center for Coastal Fisheries, including a Marine Touch Tank, Interactive Touch Wall, and Virtual Reality Station.
Insider Tips
- Parking:
Note that there is no 24-hour parking at town-owned sites. For longer parking needs, contact RL Greenlaw or Isle au Haut Boat Company for options.
Public Bathrooms:
Find public bathrooms at Hagen Dock, Fish Pier, and the Playground.
Photography:
Take advantage of the picturesque neighborhoods and harbor views. Walk around the town to discover quaint scenes, summer flowers, and historic details.
Local Events:
Check the calendar for events at the Stonington Opera House and other local venues to catch concerts, movies, and community activities.
Seasonal Activities:
- Plan your visit according to seasonal activities such as Open Lighthouse Day in September and the summer tours and cruises offered by Isle au Haut Boat Services.
Practical Tips to Run a Successful Short Term Rental Business in Stonington, Maine
To ensure a successful and compliant short-term rental business in Stonington, Maine, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform your guests about the local noise regulations and quiet hours to avoid any potential issues. Include this information in your digital and physical house manual to set clear expectations from the outset.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details. This manual should cover everything from how to use appliances to emergency contact information, ensuring guests have a smooth and hassle-free stay.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks, along with photos and videos if necessary, to make the process as smooth as possible.
Parking Instructions
Include detailed parking instructions with photos in your house manual. This helps guests understand where they can park and how to navigate any specific parking rules or restrictions in the area.
By adhering to local regulations, such as the mandatory registration and permit requirements in Stonington, and implementing these practical tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business.
Here is a brief list of house cleaning providers in Stonington, Maine:
House Cleaning Services in Stonington, ME
Sparkling and Beyond
- Offers standard and deep cleaning services for residential and commercial properties.
- Uses state-of-the-art equipment and has years of experience in the industry.
Local Listings on Care.com
- Includes various house cleaning services with an average posted rate of $28/hr.
- Services listed have an average experience of 10 years.
House Cleaning Services Listed on Angi
- A list of top-rated house cleaning services in Stonington, ME, with reviews and ratings.
- Services include standard cleaning, deep cleaning, and specialized tasks such as window washing and carpet cleaning.
Note that the list does not include repair or maintenance providers, as the sources primarily focus on cleaning services.
Managing Short-Term Rentals in Stonington, Maine: Fee Structures and Considerations
In Stonington, Maine, the management of short-term rentals involves various fee structures that can significantly impact the revenue of property owners. Typically, property management fees for short-term rentals range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. In contrast, basic services that offer fewer amenities may incur lower fees. Additionally, property owners should be prepared for extra costs associated with cleaning, repairs, or design services, which can further reduce their net income. These fees are part of the broader regulatory environment in Stonington, where strict ordinances govern short-term rentals to address housing shortages and community sustainability.