Florida is a state known for its beautiful beaches, warm weather, and abundance of waterfront property. With over 1,350 miles of coastline, there are endless opportunities to own a piece of paradise in the Sunshine State. As the fastest growing state in the country in 2022, it is no surprise that investing in Florida real estate can be a fruitful endeavor. In particular, Florida waterfront property may offer the best potential for future appreciation in addition to lifestyle advantages. Below, we share some reasons to consider investing in a Florida waterfront property.
Reasons to invest in Florida waterfront property
- Price appreciation: Simply put, a limited supply plus high (& growing) demand = price appreciation. Particularly, when it comes to waterfront property with ocean access, you simply can not produce more of it. Therefore, we typically see waterfront property appreciate in value more quickly than inland homes.
- Lifestyle benefits: Residents of waterfront homes can enjoy stunning views, easy access to water activities, and a sense of peace and tranquility.
- Vacation rental income: Some property owners may only use their Florida waterfront property for part of the year. If this is the case, renting it as a vacation property may help to offset some or all of the costs of the property.
- Growing demand for boat dockage: Depending on your local ordinances, it may be possible to rent out dock space at your property. With fewer marina options for boat owners these days, the premium fetched for private boat dockage has skyrocketed in recent years. Therefore, renting out dock space can be quite a lucrative endeavor. As always, you will want to confirm that this is allowable with your local ordinances.
Summary
If you are looking for a great investment, Florida waterfront property is a great option. With its beautiful scenery, warm weather, and abundance of water activities, Florida is a place where people love to live, work, and vacation. This makes waterfront homes in Florida a wise investment that can provide you with years of enjoyment and financial benefits. As always, it is important to do your research and talk to a real estate agent who specializes in waterfront properties. With careful planning, you can make a wise investment that will provide you with years of enjoyment and financial benefits.
Contact our South Florida waterfront property specialist, Natasha Moore, today! Also, be sure to download the free Florida Home Search app to begin your search right from your smartphone or tablet today!
