If a Florida Vacation Home is on your wish list, you’re not alone. This type of property not only provides you with a breezy escape from everyday life, but can also be a profitable investment. A recent report by one real estate management site listed Naples, FL as the sixth best place to buy a vacation home in 2021. Naples’ long stretches of sandy beaches and lively towns like Destin and Panama City make it the perfect destination for beach lovers.
The Sunshine State has 1,350 miles of breathtaking coastline, so it’s no surprise that it’s an appealing location for vacation homes and condos. The average Florida vacation home is priced at $285,000, with the top-performing areas including Palm Beach and Miami. In fact, according to a report by One Sotheby’s International Realty, Palm Beach’s luxury vacation rental market is booming.
While buying a vacation property can be a lucrative investment, there are some things you should consider before making the decision to purchase one. First and foremost, you’ll want to decide if it will be used for family vacations or as an income-producing rental. Many families have a primary residence in Maine and rent out their Florida vacation home when it isn’t being used for family trips. If you plan to use your Florida vacation home as an income-generating rental, it’s important to take into account the seasonality of the property’s rental market and any potential hurricanes or other natural disasters that may impact your property’s availability for rentals.
Florida Vacation Homes
If you’re looking to invest in a vacation property, you’ll want to choose a destination that is easy to get to. A good rule of thumb is to choose a location that’s within five hours from your home. This will give you plenty of time to enjoy a quick getaway while keeping your travel costs down.
Additionally, you’ll need to factor in the cost of consumables such as cleaning supplies and kitchen staples. You’ll also need to keep up with regular maintenance on the property in order to attract bookings.
Naples Florida Vacation Homes offers luxury vacation rentals located within steps of the pristine Vanderbilt Beach on Naples’ Paradise Coast. You can find a range of daily and weekly vacation rental options, from single-bedroom condominiums to expansive 8-bedroom homes that accommodate multiple generations of your family. We’re your one-stop shop for the perfect vacation rental in Southwest Florida. Visit our website today to start planning your dream vacation!