Florida is home to some of the most beautiful beaches in the world, as well as a variety of other waterways, including rivers, canals, and lakes. Needless to say, South Florida is a popular destination for people who want to live or vacation near the water. For many, owning a waterfront property in South Florida is a dream that hopefully will one day come true. Should this become a reality, many waterfront property owners end up never moving away from the water. If you’re considering buying waterfront property in South Florida, there are many reasons why you might want to do so. We discuss several of these reasons below.
Why you should consider waterfront property
- Quality of life/lifestyle: First and foremost, the waterfront lifestyle is true South Florida living. To put it another way, it is comparable to creating your own resort-style living year round.
- Stunning views: Waterfront properties offer some of the most amazing views in the world. Whether you’re looking out at the ocean, a river, or a lake, you’ll be able to enjoy stunning vistas that will take your breath away.
- Proximity to water activities: Waterfront properties give you easy access to a variety of water activities, such as swimming, boating, fishing, and sailing. If you love being on the water, then living in a waterfront home is a great way to enjoy your favorite activities.
- Relaxing atmosphere: The waterfront is a naturally relaxing environment. The sound of the waves, the smell of the salt air, and the sight of the water can all help to reduce stress and promote relaxation.
- Supply/demand & investment potential: Waterfront properties are often considered to be good investments. As the population of South Florida continues to grow, the demand for waterfront property is likely to increase, which could lead to higher property values.
- Tax benefits: Florida has no state income tax, which can save you money on your taxes. Additionally, some waterfront properties may qualify for tax breaks or exemptions.
If you’re looking for a beautiful, relaxing, and potentially profitable place to live, then waterfront property in South Florida is a great option. Simply put, you can not make more (salt)water property. In addition, with more Americans moving to Florida, the demand for waterfront property continues to increase. Therefore, when supply can not keep up with demand, this can result in increased values.
Of course, factors such as increased maintenance costs and potential added exposure to hurricanes should also be taken into consideration. Are you thinking about buying or selling a waterfront property? Contact our waterfront specialist, Natasha Moore, today! Also, be sure to download the free Florida Home Search app for your smartphone or tablet.