Home rentals

Weekly home rentals near US Open listed for up to $100,000

The majority of high-end home listings for the tournament, which runs June 16-19 (practice rounds begin Monday), have proliferated on a website, Accommodation for the Event, which specializes in rentals for spectators at high level golf tournaments. The site has already made headlines for advertising sky-high rental prices at competitions in Ireland and England.

Owners in the area were hoping to take advantage of the lure of the Country Club, the venerable institution that will host next week’s tournament. Golf fans with enough cash to afford tickets to the US Open – one of four annual major tournaments that feature the best players in the world – should be prepared to shell out for a nice place to stay, they thought.

It turns out that some owners may have miscalculated.

“Not a single offer,” said Debra Mayfield, who listed her three-bedroom home in Brookline at $30,000 for tournament week. “We set our price too high.”

By all accounts, his house would be an almost perfect retreat for a small group staying in town. It offers a deck with a propane barbecue, a fenced yard perfect for dogs and walking distance to the course. She listed her home after seeing stories in the news of residents doing something similar, thinking it might be a good excuse to escape to her family’s second home in New Hampshire and avoid the chaos that the tournament promises to bring to Brookline.

What Mayfield and other residents have discovered is that most fans aren’t interested in paying tens of thousands of dollars for a rental. Or they have already found accommodation. Last weekend, she dropped the price to $1,500 a night.

“Homeowners are intrigued by the opportunity to make extra money,” said Cobi, who listed a client’s home in Newton at $30,000 for the week. “And there is very little effort required. They don’t have much to lose in a situation like this.

Prices are high, he said, because the market is already hot and short-term rentals that don’t tie a tenant to a lease are in high demand. Plus, he said, many homes are valued at millions of dollars.

Cobi said hotel and Airbnb costs for the week are, while still expensive, much lower than on the site, with most ranging between $5,000 and $20,000 for seven days.

At $30,000 for the week, Mayfield’s original price was on the low end of the spectrum for the site.

A rental, “a spectacular 9,700 square foot home… [that] will take your breath away,” topped the listings at $100,000 for the week. The six-bedroom house, located about 7 miles from the Wellesley course, promises a grand entrance hall with a grand staircase, a ‘living room with fireplace’, a white gourmet kitchen with granite countertops and a bluestone patio , among other final amenities. A representative for the property did not return a request for comment.

Meera Grover, who listed her five-bedroom home in Brookline for $70,000, also struggled to find takers. Only his neighbor, who was asking $30,000 for his smaller house closer to the course, was lucky.

“We just asked way too much,” she said. “Although honestly, it might be easier that way. We just renovated this house. It’s brand new, and I don’t want anyone to screw it up.

Andrew Brinker can be contacted at [email protected] Follow him on Twitter at @andrewnbrinker.