It should suffice to say that Florida's real estate sector is among the best in the country, with 1,350 miles of magnificent coastline and pleasant climate for the majority of the year. And, as a result of COVID-19, many individuals are still working remotely, the Sunshine State is turning out to be a particularly appealing destination to acquire vacation property.
According to the most recent market analysis for Florida's East Coast, the region's average single-family home prices have risen to an all-time high.
Most vacation property buyers in Florida seek houses in luxury complexes with plenty of high-end amenities, close to restaurants, and athletic activities. So, if you're looking to buy Florida vacation rentals, here are some top suggestions:
Miami Beach is perhaps the most international attraction in South Florida and is home to many of the country's top restaurants, beaches, boutiques, and entertainment venues. And, considering the region's record-breaking visitor numbers, it's reasonable to assume that even if you don't wind up spending a lot of time in your own Miami Beach home, it'll have loads of rental possibilities.
Palm Beach's affluent and glamorous lifestyle attracts purchasers seeking world-class shopping and gorgeous beaches in a tranquil and sophisticated setting. The real estate industry in the city where several of the country's wealthiest individuals have a holiday home is currently booming.
Fort Lauderdale, also known as the maritime capital of South Florida, is the ideal holiday destination for individuals who like everyday sailing outings. Many individuals seek Florida vacation homes because of its many canals, sun-drenched beaches, and thriving art scene.
History enthusiasts will enjoy discovering what the country's oldest city has to provide at St. Augustine. One thing's for sure: boredom is not a choice here, with its numerous Gilded Age architectural wonders, magnificent beaches, lovely cobblestone streets, and unique businesses. While the city is more economical, the real estate industry remains competitive. Some houses are snapped up within 24 hours of going on the market.
Family-friendly Naples is known for its relaxed elegance, beautiful beaches, and several golf courses. Many lavish beachfront villas can be found in the city, renowned as among the wealthiest neighborhoods along the Gulf Coast. The iconic Naples Beach Club is presently being transformed into a hotel and residential complex, contributing to the area's attraction and real estate worth.