If you are thinking about purchasing a beach home, you may have questions such as why you want to own a beach house or whether you want to have a piece of heaven near white sand beaches to enjoy during the summer and rent out during the off-season. Of course, if your beach house is for personal use, you should like it, but if it is strictly for financial purposes, your personal preferences for the home may be less relevant.
Buying a vacation property, particularly one near the beach, has always enticed people, but it is currently one of the hottest real estate trends. Having an oceanfront vacation house entails waking up to the relaxing sound of waves and going for a regular beach stroll.
Several beachfront areas, from North Carolina to the Oregon Coast, provide a classic laid-back beach atmosphere. Thus, if you’re searching for a beach vacation property, continue reading for some of the most appealing coastal real estate investment choices.
Lake Anna, Virginia
According to recent data, Lake Anna is the 2023 number one destination. Homes in the area span three counties and offer many beachfront alternatives with a splashy cap rate for homeowners. This is the second-largest lake in Virginia, stretching 17 miles long with sparkling water and sandy coasts. This lovely spot has two sections: the public side, which includes beachfront eateries, and the private side, which does not allow commercial activity. Summertime is a noticeable vacation option, but trekking through the multicolored trees along the lakeshore in the fall is a must-see adventure on the lake.
Hatteras Island, North Carolina
On Hatteras Island, the surf is constantly high. But, even if you aren’t a surfer, this stunning North Carolina barrier island will fascinate you with its vast beaches, relaxed ambiance, and great seafood. Moreover, the milder ocean temperatures here make it ideal for fly fishing or just spending the day on the sea. Hatteras Island is best suited for less residential and commercial development and more beachfront.
This area attracts more than 2.5 million annual travelers, and 2022 had one of the most remarkable visitor counts in recent history on Hatteras and Ocracoke Islands. Thus a vacation property here also provides good rental options.
Gulf Shores, Alabama
Gulf Shores, Alabama, is one of the finest areas to purchase a beach home in 2023. This lovely destination boasts a small-town atmosphere, miles of sugar-white sand beaches, and all the appropriate stores and restaurants for a beach vacation.
This idyllic stretch of the Gulf of Mexico shoreline is luring second-home buyers from all over the country, particularly the West Coast. Gulf Shores’ family-friendly environment and recreational offerings attract over 8 million people yearly, making it appealing to tourists and investments.
Nearly 5 million tourists yearly visit Destin and neighboring Florida’s Emerald Coast areas. With its sparkling white coastlines built of naturally cooling Appalachian quartz, sun-drenched golf courses, waterparks, the largest fishing fleet in Florida, and unlimited possibilities to play in the warm Gulf seas, it’s simple to understand why. In addition, vacation homeowners have much to be excited about because 62% of tourists reserve vacation homes and condominiums.
Galveston, a lovely Gulf Coast barrier island near Houston, is famous for its spectacular beaches along its 32-mile stretch of sand. It also offers a lot to see and do, such as art galleries, museums, beautiful golf courses, and a fresh seafood market that tenants like. This makes Galveston an ideal visitor location — and a rewarding alternative for savvy investors. Spring breakers arrive in droves during peak season. Still, the region is an accessible retreat for Texans all year, resulting in consistent reservations, keeping your vacation property in great demand, and maximizing profitability.
Rockaway Beach, Oregon
The Oregon Coast, unlike most other beaches, is not famed for its sun-drenched attractiveness. However, it captures the hearts of people who enjoy windswept beaches and a milder temperature, great for snuggling up. Instead of lying on the warm beach, visitors to Oregon’s coast may storm-watch from the luxury of their vacation home while shopping in the local shops or having a drink at one of the area’s famed breweries with their furry companion tow. On the other hand, the median yearly gross rental revenue is comparable to other top coastal cities to invest in, making it a great option to look for in your new beach house.
Many Southerners consider 30A to be a hidden coastal paradise. It is a cluster of sun-kissed beach communities situated along Scenic Highway 30A between Destin and Panama. The towns in this area are so lovely that they were selected to illustrate the perfect existence in The Truman Show movie. With its powdery-white beach, azure waves, and swaying palms, it’s easy to understand why travelers return year after year to this 20-mile length of the Emerald Coast. All of this can make your return on investment in real estate here might be just as pleasant.
Kapalua offers a variety of real estate options, from condominiums to vacation homes. Places range from the beach and oceanfront to the golf course and mountain view locations. This Maui hidden treasure offers a calm, small-town vibe with two golf courses, gorgeous bays, and pristine beaches ideal for sunbathing snorkeling, and surfing. Hiking routes connect the Pacific Coast to the stunning West Maui Mountains, offering tourists breathtaking vistas. There are also numerous high-end resorts, award-winning restaurants, and the region’s annual Kapalua Wine and Food Festival.
Outer Banks, North Carolina
With more than 100 miles of pristine shoreline, OBX, as the locals call it, is a true beach lover’s paradise. You’ll find small resort towns with qualities and history, campgrounds, museums, picturesque lighthouses, state parks, etc. This area has less than 2,000 hotel rooms compared to well over 20,000 vacation homes; therefore, the rental investment market is solid. As a result, the OBX investment is a great deal when considering the rental income and home values compared to other areas on the East Coast.
Enjoy Your Own Vacation Home on the Beach
After deciding to buy your house on the beach, this list could be an excellent resource for a vacation rental in a beautiful beach town with a high cap rate and a regular stream of guests. Also, consider looking for an experienced vacation rental real estate professional you can trust completely. A specialist can advise you on the potential property and top beach communities tourists are looking for and guarantee that your vacation house appears in search results for the appropriate people at the right time.