Buying a vacation home in the Sunshine State is not an unpopular choice. If you haven’t bought one yourself, you probably know someone that did. That’s not unlikely to happen as Florida comes at the top when we are talking about the best real estate markets to invest in a vacation home in the United States. However, that’s not random, as there are many factors that contribute to that. First is the 1350 miles stretch of pristine coastline, the year-round sunshine and warm climate, and of course, the low property tax rates that invite everyone to move to Florida.
Even though the state welcomes newcomers every year, most homes are purchased in the southern section, such as Miami, the Keys, and Palm Beach. However, the real estate market in the central area is pretty impressive. For example, Orlando comprises many homes within proximity to theme parks.
In fact, real estate investments are always a good idea. You build equity, avoid the hustle of finding rent each year, and paying the fees for that. Most importantly, it’s an excellent opportunity for additional income as you’ll be renting out your vacation home for travelers.
Deciding on where to buy property in South Florida could be difficult. Generally speaking, if you are looking for a classic and elegant environment, Palm Beach is the right place for you. For upscale communities with multi-million mansions, look no further than the Florida Keys. If you are looking for waterfront condos, Miami Beach is your best option. For a laidback tropical feel, Go for Coconut Grove.
Below are the top destinations in Florida for your first or next vacation home:
According to real estate specials and realtors, Miami Beach is and will remain a great place to invest in the housing market. It is projected that it will maintain its stability in the upcoming years. It is home to some of the world’s most beautiful beaches, a vibrant nightlife scene, a luxurious culinary scene, and space for a number of nautical activities.
Buying a vacation home in Miami Beach saves you the trouble of booking at hotels and allows you to be flexible and spontaneous with your vacation plans. And if you decide to rent out your home during seasonal times, don’t worry about finding renters as the city is visited by a large number of travelers every year.
Key Biscayne is a great choice if you are a fan of the Miami lifestyle but wants to avoid the big cities’ hustle and bustle and invest in a less popular place. The area is If you crave the excitement of Miami but known for its lush landscaping and magical nature scene, in addition to the pristine beaches. It is situated a short drive over the Rickenbacker Causeway, nearby an archeological trail underwater.
It is the ideal choice for water sports enthusiasts, ocean explorers, and anyone seeking laid-back waterfront luxury.
Orlando and Kissimmee
Orlando is a great choice for families. It is home to the Walt Disney World Resort with its different parks. Purchasing a vacation home in Orlando, or a nearby city such as Kissimmee is simply an excellent investment. It will save you the trouble and expenses of booking a luxurious hotel near Disney World, and you’ll benefit from renting out your time throughout the year when you are not staying in it. However, Orlando is so much more than just Disney theme parks. It is centrally located in Florida and has a diverse selection of neighborhoods and communities. The dining and entertainment scene is nothing less than exciting. If you purchase a vacation home in City Beautiful or Kissimmee, you will be a short drive away from the Gulf Coast and the gorgeous beaches of St. Augustine.
Key West is the southernmost tip of Florida and definitely one of the most beautiful spots in the state. If you are seeking THAT island vibe with the unmatched sunset views, you’ve found the place for your next vacation home. The city boasts a wide assortment of classic Victorian houses, Contemporary oceanfront villas, and modern chic condos. Key West is a hidden gem when it comes to exquisite vacation homes. Invest in real estate in Key West and save yourself the trouble of planning your vacations every year.
Situated on a small barrier island off the Gulf Coast, Boca Grande is a town in Gasparilla with a unique island vibe, a relaxed lifestyle, and a rich Florida culture. Golf is so popular in Boca Grande that you are more likely to find golf carts than cars. If you are looking for a quiet beachfront getaway for your next vacation home, this is a great choice. Even though it is much quieter than most towns in Florida, you won’t get bored with the gorgeous beaches, the parks, and the laid back atmosphere. Boca Grande is simply a great place to invest in real estate, whether it is for individuals or families.
If you are a fan of high-end golf courses, premium shops, fine restaurants, you’ll find all of that in Naples combined with unmatched waterfront views. The city is perfect for investing in a vacation home for its location on the shores of the Gulf, near Sanibel, and Marco Island. Purchase a beachfront house at Naples and have access to high-end shopping and dining, and several watersports.
St. Augustine is famous for being the oldest city in the country. However, it is so much more than that. Besides the rich history and the centuries-old buildings, the city offers exquisite water views, a variety of shops and stores and restaurants, and, more importantly, real estate is more affordable than most big cities in Florida. The city is visited by almost six million travelers every year, which is why you should buy property in St. Augustine and rent it out when you are not using it. It will also save you the trouble of booking hotels and planning your vacation beforehand.
This town is famous among college communities. Gainesville has a relaxed vibe, a vibrant nightlife, and a breathtaking nature scene. If you are looking for warm weather and nearby beaches, you should invest in real estate in Gainesville. You’ll benefit from the opulent opportunities to rent out your home for college students and those seeking warm weather.