With beachfront vacations off the cards for many over the last while, homeowners are buying up home-away-from-homes on the seashore as if they were going out of fashion.
Residential sales in some places like Palm Beach spiked by 83% during the second-last quarter of 2020.
Some are buying these homes as get-away-from-it-all getaways, but astute buyers know they can make money from vacation rentals too.
These are some of the best places to buy beachfront properties right now, either way.
1. Key West Florida
Florida’s glorious beaches and fine weather are a huge drawcard for vacationers and retirees alike. Key West, in particular, is a thriving property market, with home selling for over $700,000.
Limited supply and huge profits for those in the vacation rental game make Key West a top choice for investors.
Watersports, historic sites, gorgeous architecture, and a Caribbean vibe add to Key West’s allure.
2. Beachfront Properties in Ocean Shores, Washington
This tiny town offers tranquil times in abundance and wonderful views add to the ambiance. Small shops, excellent dining, and family activities provide diversions from quiet reflection or you can take part in exciting watersports among the waves.
If you’re thinking of buying a home here, you could pay as much as $900,000 for a lake or seaside home in Ocean Shores although the median price of homes is $250,000.
3. Playa Del Carmen, Mexico
Playa Del Carmen bustles with a Euro-chic ambiance along the Yucatan Peninsula. Here, you’ll find streets of quirky shops and restaurants dishing up delicious local as well as international delicacies.
Depending on its location, beachfront real estate in Playa Del Carmen sells for wildly varying prices. For instance, you could pay $3,9 million for an 18-bedroom downtown hotel and just $500,000 less for a 5-bedroom hacienda on Solomon Bay.
This popular destination appeals to nature lovers, history buffs, and bronzed beachgoers who love to languish on the white sands lapped by turquoise waters.
4. Iskele, Northern Cyprus
If you genuinely want to get away from it all, you can lap up the Mediterranean luxury in this small former British colony. Here you’ll get to all the beauty and luxury of the Caribbean at a fraction of the price.
Just a stone’s throw away from your beachfront property you can embrace thrilling times at some of Northern Cyprus’s casinos, hotels, and fine beach resorts. It’s the best place to buy a home if you like to enjoy the best of both worlds while on vacation.
5. Ambergris Caye, Belize
Just a three-hour flight from the US, you can flop down on a beach under the swaying Caribbean palms in Belize.
Just 26 miles long, Ambergris is the largest caye in Belize, made famous by Madonna’s hit, ‘Isla Bonita’. It also boasts the longest barrier reef in the Western Hemisphere coupled with a wealth of diving and snorkeling opportunities.
Friendly locals, perennial sunshine, and some of the cheapest real estate prices in the Caribbean add to the benefits you’ll enjoy if you buy a house on Ambergris.
Escape to the Ocean
Few of us can afford the type of beachfront properties we dream of. Yet, with a little disciplined budgeting, we might enjoy the privilege of a seaside break now and then.
If you’d like to explore some more of your travel ambitions, or brush up on your business skills and boost your profits, keep browsing our blog.
