4 Best Beach Cities for Affordable Real Estate Investment in 2017
Beachfront properties are like glorious dreams turning to reality. They open us to one of the most magnificent landscapes, accentuated by gushing waves, cool breeze, majestic sunset and ultimate tranquility. Whether you are aspiring for a luxe residency or planning a plush vacation home, there cannot be a better option than oceanfront properties. No wonder, beach cities define some of the costliest real estate investments.
Are you too planning to invest in a beachfront property but worried about the rocket prices? Well, don’t worry, you still have some reasonably priced destinations. The post below offers a sneak peek into 4 best beach cities for affordable real estate investment in 2017.
Gulfport is undoubtedly of the hottest favorites for smart investors looking for affordable beachfront properties in the USA. The median home value of the place is a very moderate $117,300 and the annual property tax is as low as $926. The location is known for its excellent dining and wining destinations. Sprawling golf courses & chic casinos are other attractions here. In fact, Gulfport would be especially great if you are planning an early retirement.
Fort Lauderdale, Florida
The gorgeous boating capital is currently one of the trending names when it comes to best economical real estate investments in Florida and US as well. You have true luxe oceanfront properties coming up here with all the modern amenities and cutting edge décor. One of the most inspiring examples would be the Paramount residences fort Lauderdale that has been equipped with latest amenities like spa rooms, fitness centers, 24-hour valet service and much more. In regards to prices for beachfront properties in Fort Lauderdale, it’s something like $1,403 per sq. ft which is at least $1,500 less than its affluent neighbor Miami. Besides, Fort Lauderdale assures higher rental yield, amazing job growth and also low property taxes.
Los Osos, California
Why try the exorbitant Laguna Beach when you have the more affordable and no less beautiful Los Osos? While Laguna demands a steep $1,679,200 in terms of median home value, Osos assures a much pocket-friendly $418,403. It’s an out and out residential community and promises a safe and peaceful living.
Waikiki is certainly the hotspot for oceanfront vacation properties in Hawaii yet its excessive investment budget spoils half the fun. But you have a more affordable option nearby- Waianae- and it promises the same beachside beauty at a more bargain rate. On top of that, you have truly spectacular vacation properties here with breathtaking Bali-style décor, private ocean-faced lanai, outdoor hot bathtub and so on. The median house value in Waianae is something like $364,600. Now, it’s not the cheapest in the market but compared to Hawaii’s other beachfront locations, it’s certainly way more economical.
So, you have quite a list here. However, no matter which State or city you choose, make sure to get a proper study of the market beforehand to understand your ROI potential before you make the final call.