The Wave II
The Wave II — image 2The Wave II — image 3The Wave II — image 4The Wave II — image 5
Grade A+villaNot statedluxury

The Wave II

Chaweng Noi · Koh Samui · Koh Samui

$777,778

Asking Price (USD)

฿28M THB at source

Hotel Act — verify short-let permits before buying

Thailand Hotel Act: renting for under 30 days without a hotel licence is technically an offence. Most Phuket/Koh Samui stock operates short-term via licensed buildings, branded-residence rental programs, or villa-estate management — verify the building/estate permits daily rental before buying.

7.9%

Net Yield (after tax, all-in)

7.9%

Managed ROI (after tax)

19.6%

Gross Yield

47%

Occupancy

Net yield is after Thai rental income tax (modelled as a conservative blended non-resident rate) and assumes fully-managed short-term letting — confirm the treatment with a Thai tax adviser. Sub-30-day rentals require the building or estate to be appropriately permitted under the Hotel Act.

Projected Gross Revenue: $159,266/yr
Average Daily Rate: $924
Net Yield (after tax): 7.9%
Payback Period: 12.7 years
5-yr Capital Value: $777,778
10-yr Capital Value: $777,778
Brixfox Score: 92.8 / 100
Comparable Properties: 47
Data Confidence: 95%
Search Radius: 2 km
How Brixfox computes these figures

True Investment Cost

Thai transfer fee or lease registration + legal + furnishing & STR launch setup.

$814,111

+4.7% over asking

Asking price$777,778
legal$7,778
furnishing$20,000
transfer fee$8,556
All-in investment$814,111

Estimates use Thailand's buyer share of the transfer fee (freehold/company) or lease registration + stamp (leasehold), plus conveyancing and due-diligence legal fees; furnishing & STR launch covers furniture, appliances and launch photography. Actual legal fees vary — budget extra for surveyor and bank fees if financing. Working capital (2–3 months operating buffer) not included.

Ownership: Not stated

The listing does not say how the property is held. A foreigner cannot own land in Thailand, so it is a foreign-freehold condominium unit, a registered leasehold or a Thai company structure; ask the agency which, and have a Thai lawyer check it before an offer. Brixfox prices it as a leasehold (no capital appreciation) and scores its ownership security as unknown.

Bedrooms: 5
Bathrooms: 5
Building: 391 m²
Land: 334 m²
Style: modern
Condition: new-build
Private Pool
ocean

Design Features

infinity poolfloor-to-ceiling glass wallsmulti-level terracesintegrated pool bar

Score Breakdown

ROI
24.78
Visual Appeal
15.2
Ownership Security
6
Location
10.56
Land & Space
6.48
Rental Demand
4.72
Payback Speed
5
STR Suitability
4

Description

The Wave II The Wave II – Set against the backdrop of the Gulf of Thailand, The Wave II Project's Detached Villas are a sight to behold. Ideally located in Chaweng Noi, only 600 meters from Coral Cove Beach, residents and guests will be able to enjoy the privacy of their own 4-bedroom villa with an easy extension to the beach for fun in the sun and sand. Providing some of the absolute best panoramic ocean views, the scenery and vibrant palette that encompasses a vivid array of greens, golds and blues will steal your breath and provide a deep sense of tranquility. From start to finish, this ocean view masterpiece has it all. Enjoy 180 degree sea vistas from the private infinity pool and terrace, while inside the floor-to-ceiling windows that wrap the home continue this impeccable vantage over the sea and surf. Neutral tones mixed with natural materials create a soothing scene throughout the villa, where the main floor open concept layout provides a vast and relaxed place to kick up your feet. The living and dining rooms grant a front row seat to the vibrant aquamarine ocean, with the fully equipped kitchen set at their back to keep an open conversation with these spacious destinations. Steps away, the main floor ensuite bedroom savors a generous aesthetic with built-in wardrobe and a direct flow to the pool terrace and alfresco bar area. Stairs with glass railings lead upstairs, opening to a fabulous game room with sea view pool table. To one end of the room, a kid's room and ensuite bedroom with private balcony create a cozy family hub, while at the other side, a guest bathroom offers convenience and the master suite with sea view bath tub and private balcony commune with nature in a unique and wholesome way. The Wave II Location Info The Wave II claims one of the last first class sea view positions in Chaweng Noi, sited adjacent to the commercial road, close to a variety of restaurants, shopping malls, hospitals, hotels and international schools. It's the perfect destination to keep central to all the action, while still private for comfortable living and vacationing.

Location

📍 9.4936°, 100.0593°

Approximate location

Chaweng Noi, Koh Samui, Koh Samui, Thailand

Listed through FazWaz

Price
$777,778
Inquire
5-bedroom not stated villa in Koh Samui — photo 1 of 5
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The Wave II

Koh Samui · Ref BF-9490Source · samui-island-realty.com · listed 7 Oct 2026
Asking price · Not stated
$777,778
Ownership
Not stated
Bedrooms
5
Bathrooms
5
Built area
391 m²
Land
334 m²
Brixfox Score 93 · A+Financial analysis ↓

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Hotel Act — Verify Short-Let Permits Before Buying

Thailand Hotel Act: renting for under 30 days without a hotel licence is technically an offence. Most Phuket/Koh Samui stock operates short-term via licensed buildings, branded-residence rental programs, or villa-estate management — verify the building/estate permits daily rental before buying.

Financials

What it earns, what it costs to own, and the net yield

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager's commission, charged on top of the Airbnb/Booking channel fees (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission; the channel fees stay, because the platform is paid whoever manages, and you pay staff/local operations, a higher cleaning residual and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldNet operating income ÷ all-in investment. After local operating taxes; before home-country personal tax and financing costs. Modelled from observed market performance of comparable Airbnb listings.
Gross yield · all-in basis
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Koh Samui — live calendar data.

No Airbnb match on file

We have not confirmed this exact property on Airbnb, so it carries no operating history here. The figures above rest on the comparable set — a launch scenario, not a track record.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR is the expected BOOKED rate — nearby asking prices corrected by our measured, market-calibrated asking-to-booked factor. Occupancy is calibrated against tracked reference homes nearby. Comp cards below show raw asking prices.
Expected ADR
$924
Expected booked rate (market-calibrated)
Expected occupancy
47%
Full-year estimate, market-calibrated
Projected annual revenue
$159,266
ADR × occupancy × 365
Seasonal occupancy pattern
Peak Jan +35% · Low Sep -25%
J
F
M
A
M
J
J
A
S
O
N
D
Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking · tenure not stated (priced as a lease)
$
Acquisition costs· 2.1% of price, auto-calculated
$16,334
Lease registration (1%) + stamp duty (0.1%)$8,556
Legal & due diligence$7,778
Renovation budget· no measured Thailand basis — enter your own quote
$
Furniture & STR launch
$
All-in investment
$814,112
+4.7% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
Gross annual revenue
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Rental management
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Booking channel fees
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Cleaning & consumables (net of guest fee)
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Utilities (electricity, water, pool, garden)
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Insurance
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Maintenance reserve
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Land & Building Tax
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Personal income tax on rent
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Net operating income
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Net yield on all-in investment
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Income tax is Thai personal income tax on 70% of gross rent (the standard 30% deduction), at the 0–35% rates and before any personal allowance. The 15% a Thai payer withholds from a non-resident's rent is credited against this on the tax return, so it is not an extra cost. Financing is not modelled.

Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Koh Samui

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Verdict

Score, and what could go wrong

Same net-yield basis as the financial analysis

Brixfox Score

93A
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Risk & what-if

ScenarioOccupancyNet income /yrNet yield
-17 pts occupancy30%••••••%
-7 pts occupancy40%••••••%
Expected47%••••••%
+10 pts occupancy57%••••••%

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost · upgrade to Pro to stress-test this yield

Payback7 yearsfrom net rent at the expected case
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Source · samui-island-realty.com

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Modelled from live Airbnb calendar data around this property · operating costs per line, editable in the P&L · estimates, not financial advice.Data sources & methodology ›

ROI calculations use verified Brixfox Intelligence rental data. Operating costs are modelled per line — Airbnb/Booking channel fees whoever manages, then either a full-service management commission or the staff/local operations a self-managing owner buys back, cleaning residual, utilities & insurance, local taxes — with every rate editable in the Financial analysis P&L above. Gross revenue is identical in both management scenarios. Market factors in Thailand may impact actual yields.