Check out this article if you're looking for a great place to buy a beach vacation home!
Travel + Leisure ~ " Owning an oceanfront vacation home means waking up to the soothing sound of waves and taking beach walks every day. Investing in a second home, especially one located by the beach, has always tempted people, but because of the COVID-19 pandemic, it has become one of the hottest real estate trends.
The work-from-home culture and desire to be closer to nature are driving demand — and the value — for beachfront properties to historic highs in some areas of the country. But that doesn't mean your dream vacation home is out of reach. Most brokers will agree that closing on a home calls for acting fast and, if possible, offering above-asking price.
From New Jersey to Oregon all the way to Hawaii, there are plenty of oceanfront communities that offer a quintessential laid-back beach vibe. So, if you're in the market for a beach vacation home, keep reading for eight of the most attractive oceanfront destinations for real estate investment.
Hatteras Island, North Carolina
Surf's always up on Hatteras Island. Vacasa recently named the destination one of the top 10 in the country for a beach vacation home investment. But even if you're not a surfer, this beautiful North Carolina barrier island will captivate you with its expansive beaches, laid-back atmosphere, and fresh seafood. The warmer ocean temperatures here make it perfect for fly-fishing or simply enjoying a day of water activities.
'Hatteras Island, for the most part, is still like the Outer Banks you remember as a childless residential and commercial development and more beach,' said Randy Jones, a broker with Howard Hanna Outer Banks Realty, Luxury Portfolio International.
In 2021, the Cape Hatteras lighthouse drew more than three million visitors, so a vacation home here also offers excellent rental opportunities.
'Home values are below the northern Outer Banks values, yet the rental returns are often just as strong, and in some cases, even stronger. For example, we recently had a home in Rodanthe sell for $1,100,000 that will generate almost $130,000 in rent in 2022,' explained Jones.
Rockaway Beach, Oregon
With seven miles of sandy beaches, Rockaway Beach has always been a popular vacation spot on the Oregon coast. But unlike famous towns such as Cannon Beach, Manzanita, and Seaside, this picture-perfect slice of Oregon has managed to stay relatively under the radar, so visitors — and second homeowners — are treated to fewer crowds.
Crabbing, whale-watching, hiking, and kayaking are preferred pastime activities during the day, and when the sun sets, many gather around bonfires on the beach to enjoy the starry skies.
'With an average sales price of $439,000 — compared to Cannon Beach at $930,000 — Rockaway Beach is an extremely affordable second-home market,' said Abbas Atwi, a broker at The Hasson Company, Luxury Portfolio International.
Gulf Shores, Alabama
'We're so glad to see Gulf Shores being recognized by second-home buyers for all the things we locals love: a small-town feel, miles of sugar-white sand beaches, and all the fitting shops and restaurants for a beach getaway,' said Frank Malone, an agent with Bellator Real Estate & Development, Luxury Portfolio International.
This dreamy corner of the Gulf of Mexico coast used to attract travelers from the South, but Malone explained that more and more second-home buyers are coming here from across the country, especially the West Coast. But as Gulf Shores' popularity soars, so does the value of its real estate — the average residential sales price in February 2022 increased by 19% over the previous year, according to Malone." ~ Travel + Leisure
For the rest of the beach locations, click the link below!
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