Buying Kelleys Island: $24,370 at TRP Clerk 419-746-2535
Updated: Aug 27
Underwrite Kelleys Island on $24,370 from 61 listings, not on Put-in-Bay's $31,131. this sample is $24,370 from 61 listings, and a note that files a separate market's dashboard as this rent roll is already wrong before the first number is even underwritten.
Village Transient Rental Program fee is $600, insurance floor is $300,000, and Erie County lodging tax is 4 percent. The current TRP deadline is May 30, 2026. Village clerk is reachable at 419-746-2535 to confirm the current requirements before a purchase closes.
This is not legal or financial advice. This stay fails when costume neighbor copy, borrowing Put-in-Bay's or Port Clinton's numbers, replaces what this specific Kelleys Island driveway can actually keep overnight. Guests deserve, and a lender expects, the stay the gallery and house rules can actually hold. This is not legal advice.
Price Kelleys Island on $24,370
this sample is $24,370 from 61 listings, and that is the number a buyer should underwrite a Kelleys Island purchase against - not a figure borrowed from Put-in-Bay, Port Clinton, or any other nearby Lake Erie market that shares the same general region.
A deed that files Put-in-Bay's $31,131 as this rent roll is already wrong. One shared lake is not this island. Kelleys Island and Put-in-Bay exist as separate identities precisely so a buyer does not accidentally underwrite one island's purchase against a different island's revenue data.
A guest who books a Kelleys Island rental is a guest who specifically typed Kelleys, not a guest who got mixed up looking for a different Bass Island overnight - and the revenue data supporting a Kelleys Island purchase should be equally specific to that island alone.
The practical takeaway: anchor every revenue figure in a Kelleys Island buyer packet to the $24,370 typical-year number from this island's own 61-listing sample, and flag any Put-in-Bay or mainland figure that appears in the same document as an error to correct.
Put-in-Bay's $31,131 Does Not Travel
A Kelleys Island note that uses Put-in-Bay's $31,131 is the wrong island, full stop. Put-in-Bay is a separate, more heavily trafficked market with its own listing count, its own ADR, and its own occupancy pattern that does not describe Kelleys Island's actual performance.
The two islands share a lake, a regional identity, and even some overlapping guest search behavior, but they do not share a revenue sample, and a buyer who blends the two figures together is building a model on data that does not describe the actual parcel being purchased.
AirROI's low-regulation sample is a scrape, and a buyer relying on any third-party aggregator's numbers should confirm which specific island or market that scrape actually covers before citing a figure in a purchase packet.
The practical takeaway: treat any $31,131 figure appearing in Kelleys Island materials as a Put-in-Bay number that needs to be removed or clearly relabeled, not blended into the island's own $24,370 rent roll.
Port Clinton's $20,757 Is Mainland, Not This Deed
Port Clinton at $20,757 is the mainland, not this parcel. Port Clinton is a separate, labeled market on the Ohio mainland, distinct from Kelleys Island's own island-based short-term rental market, even though both areas serve overlapping Lake Erie visitor traffic.
Village Transient Rental requirements travel specifically with the Kelleys Island parcel itself, not with a mainland Port Clinton property, which means licensing obligations that apply to one do not automatically apply to the other, and a buyer should confirm parcel-specific requirements directly.
A buyer comparing Kelleys Island and Port Clinton as competing options should keep both markets' figures on clearly separate lines, since a mainland property and an island property carry genuinely different guest access logistics, seasonal patterns, and regulatory requirements.
The practical takeaway: cite Port Clinton's $20,757 only when specifically discussing the mainland market, and never let it substitute for or blend with Kelleys Island's own $24,370 island-based figure in a buyer packet.
Year Over Year Is Minus 32.6 Percent
Year over year on this market is minus 32.6 percent - a significant, real decline that a 2026 buyer needs to build directly into their underwriting model rather than assuming the market will return to a prior year's stronger figure without supporting evidence.
This decline occurred alongside supply moving plus 19.6 percent, meaning listing count on the island grew even as typical revenue per listing fell meaningfully - a combination that suggests increased competition among listings is at least part of what is driving the softer per-listing revenue figure.
A buyer should read the -32.6 percent decline together with the +19.6 percent supply growth as one connected story, rather than treating either figure in isolation, since rising supply against falling typical revenue is a specific, checkable market dynamic worth investigating further before a purchase.
The practical takeaway: build the -32.6 percent year-over-year decline into a conservative 2026 revenue projection, and factor in that continued supply growth could keep pressuring per-listing revenue further before any recovery in typical annual figures.
61 Listings, Supply Up 19.6 Percent
The 61-listing sample count represents supply that moved plus 19.6 percent over the period, meaning the number of competing listings on Kelleys Island grew meaningfully even as the typical per-listing revenue figure declined by 32.6 percent over the same window.
A buyer evaluating whether to enter this market at this point in its cycle should weigh the growing supply directly: more listings splitting a similarly sized (or shrinking) demand pool is a specific, quantifiable pressure on future revenue, not an abstract concern.
This does not necessarily mean Kelleys Island is a bad market to buy into - it means a buyer's pro forma should explicitly account for continued competitive pressure from new supply, rather than assuming the current 61-listing count and its associated revenue figure will hold steady.
The practical takeaway: model a 2026 or 2027 purchase assuming supply may continue growing beyond 61 listings, and stress-test the $24,370 typical-revenue figure against a scenario where per-listing revenue softens further under that pressure.
The $600 TRP Sits With Clerk
The Village Transient Rental Program fee is $600, and the village clerk is reachable at 419-746-2535 to confirm current requirements, deadlines, and any changes to the fee structure before a buyer finalizes a purchase or begins operating.
Village Transient Rental requirements carry an insurance floor of $300,000, and Erie County lodging tax runs at 4 percent - both figures a buyer should confirm are current with the clerk's office directly, since fee structures and tax rates can change between reporting periods.
The current TRP deadline is May 30, 2026, a specific date a buyer closing on a Kelleys Island property should track directly against their own closing and operational timeline, rather than assuming an indefinite or informal registration window.
The practical takeaway: call the village clerk at 419-746-2535 directly to confirm the $600 fee, the $300,000 insurance floor, the 4 percent Erie County lodging tax, and the May 30, 2026 deadline before finalizing any purchase or operational timeline.
Before You Bid
Before submitting a bid, a buyer should confirm the property's revenue figure traces to Kelleys Island's own $24,370 sample specifically, not Put-in-Bay's $31,131 or Port Clinton's $20,757, and should independently verify the -32.6 percent year-over-year trend and +19.6 percent supply growth with current data.
A buyer should also confirm with the village clerk directly that the $600 Transient Rental Program fee, $300,000 insurance floor, and 4 percent Erie County lodging tax figures are still current, since municipal fee structures and tax rates are subject to change between reporting periods.
We help independent hosts and buyers keep a Kelleys Island listing honest against the overnight it can actually deliver, with any wrong-town figures left clearly labeled and separated rather than blended into the island's own numbers.
The practical takeaway: decide what a buyer can verify directly this week, the revenue sample, the clerk's current fee schedule, before hiring outside help only for the specific verification gap that remains open.
What the Clerk Should See in the Packet
A packet presented to the village clerk should carry the $24,370 typical-revenue figure sourced specifically to Kelleys Island's own 61-listing sample, along with the confirmed $600 TRP fee, $300,000 insurance floor, and 4 percent Erie County lodging tax figures.
The packet should explicitly note the -32.6 percent year-over-year decline and the +19.6 percent supply growth as two connected, disclosed data points, rather than omitting them in a way that could suggest the buyer either did not know or did not disclose current market conditions.
Any figure that could be mistaken for a different market, Put-in-Bay's $31,131 or Port Clinton's $20,757, should be explicitly absent from the packet or clearly labeled as a comparison point only, never presented as if it describes the Kelleys Island parcel itself.
This is not legal or financial advice, and any figure cited here should be reconfirmed directly with the village clerk's office and current listing data before being used in an actual purchase, financing, or licensing decision.
Related Reading
More Kelleys Island, Ohio reading already live on Crest & Cove.
Frequently Asked Questions
What is the typical annual revenue for a Kelleys Island short-term rental?
this sample shows $24,370 typical annual revenue from a 61-listing sample covering the island itself. A buyer should underwrite a purchase against this island-specific figure, not against Put-in-Bay's $31,131 or Port Clinton's $20,757, which describe entirely different markets and do not apply here at all.
Can Put-in-Bay's revenue numbers be used for a Kelleys Island purchase?
No - Put-in-Bay's $31,131 figure is a different island's market data entirely and does not travel to Kelleys Island. The two islands share a lake but not a revenue sample, and blending the figures produces a purchase model built on the wrong island's numbers entirely.
Is Port Clinton part of the same market as Kelleys Island?
No - Port Clinton at $20,757 is a mainland market, distinct from Kelleys Island's own island-based short-term rental market entirely. Village Transient Rental requirements travel specifically with the Kelleys Island parcel itself, not with mainland Port Clinton properties, despite the regional overlap between the two.
What does the Village Transient Rental Program require on Kelleys Island?
The TRP fee is $600, with an insurance floor of $300,000 and Erie County lodging tax at 4 percent. The current deadline is May 30, 2026. The village clerk, reachable at 419-746-2535, can confirm these figures are still current before a buyer finalizes a purchase.
Why did Kelleys Island's typical revenue decline 32.6 percent year over year?
The decline occurred alongside supply growing 19.6 percent, meaning more competing listings likely split a similarly sized demand pool, softening per-listing revenue overall across the island. A buyer should factor continued supply growth into a 2026 pro forma rather than assuming an automatic rebound in typical revenue.
How many short-term rental listings are on Kelleys Island in this sample?
The sample includes 61 listings, with supply having grown 19.6 percent over the measured period even as typical per-listing revenue declined 32.6 percent over that same window of time. A buyer's model should account for the possibility that supply continues growing beyond this current 61-listing count.
Who should a Kelleys Island buyer contact to confirm licensing details?
The village clerk, reachable at 419-746-2535, can confirm the current $600 Transient Rental Program fee, the $300,000 insurance floor, the 4 percent Erie County lodging tax, and the May 30, 2026 deadline directly before a buyer finalizes any purchase or operating timeline for the property.
What should a Kelleys Island buyer packet include before a bid?
The island-specific $24,370 revenue figure from the 61-listing sample, the confirmed $600 TRP fee and $300,000 insurance floor, the disclosed -32.6 percent year-over-year trend and +19.6 percent supply growth, and absolutely no blended revenue figures ever borrowed from either Put-in-Bay or Port Clinton at all.
Work with Crest & Cove Creative
A deed that files Put-in-Bay's $31,131 as Kelleys Island's rent roll is already wrong before underwriting even starts. This island's own extract is $24,370 from 61 listings, down 32.6 percent year over year.
We help buyers keep Kelleys Island purchase packets honest against this island's own $24,370 figure, not a neighboring market's numbers. Send us the packet and we will flag any figure that belongs to Put-in-Bay or Port Clinton instead.
Reach out at crestcove.co or (256) 998-7502.
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