The Washington State Cascade Mountain market is made up of several destinations that are drivable from the Seattle/Tacoma Metro areas. The primary STR community in this market is called Suncadia. Suncadia is a resort destination just outside of the town on Cle Elem featuring high-end, luxury homes with resort amenities such as a central lodge, restaurants, two golf courses, a spa, and numerous outdoor activities. The location of Suncadia in proximity to Seattle is key. Suncadia is a one-hour drive from the Seattle area crossing over the Cascade Mountain Range to the eastern side of Washington. Within one hour, Seattleites go from rain to sun in the spring and summer or from rain to snow in the winter. Combining more favorable weather with a beautiful mountain landscape makes this location extremely desirable for a drive to get away.
While Suncadia is owned and operated by Hyatt who will try and sell their management program with a 40% commission, owners may choose to self-manage a short-term rental property in Suncadia. Home prices currently range from $1.5 million and up. Rental rates currently range from $400-$1000+ per night depending on the property and season. Gross revenue in Suncadia can be lucrative for self-managers with some owners seeing upwards of $250k a year. Suncadia is very popular for weddings because of more predictable weather than Seattle, beautiful mountain surroundings, and availability of lodging for extended families. It has also become a popular weekly stay destination for remote workers that live in the Seattle area. Within minutes of Suncadia are activities such as hiking, river rafting, fly fishing, ATV and Jeep trails, horseback riding, snowshoeing, snowmobile trails, and skiing.