Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»I’m a Real Estate Investor: Here Are the 5 Beach Towns You Should Consider Investing in Property
    Investments

    I’m a Real Estate Investor: Here Are the 5 Beach Towns You Should Consider Investing in Property

    August 26, 20245 Mins Read

    As housing prices continue to increase, finding the ideal investment property can be challenging. According Redfin’s July data, housing prices across the U.S. were up 4.1% annually, with a median selling price of $439,455. If you’re looking to invest in property or have been trying to decide which area to consider, you may be looking at locations with beaches to capture the tourist crowd.

    Be Aware: 5 Worst Florida Cities To Buy Property in the Next 5 Years, According to Real Estate Agents

    Find Out: 7 Reasons You Must Speak To a Financial Advisor Before Spending $50,000 or More

    GOBankingRates spoke with two real estate investors to find out which beach towns are worth checking out.

    Pensacola Beach, Florida

    “Pensacola reported more than 2.5 million tourists visited in 2022,” said Mitch Provosty, a real estate expert with over thirty years of experience in the commercial real estate industry as an investor, developer, advisor and general contractor, and now CFO of RREAF Holdings. “With its white sand beaches and clear water, it ranks high, with travel agencies coming in at No. 4 in the Trip Advisors list of the Best Beaches in the Country during 2020.”

    Provosty noted that the University of West Florida in northeast Pensacola and Pensacola State College attract thousands of students, which benefits the rental market. He also mentioned that the downtown area is full of restaurants, outdoor gym facilities and family activities, making it a prime location for vacation rental properties.

    What’s the Average Home Price?

    Provosty pointed out that Pensacola is one of Florida’s most affordable beach towns. According to Forbes Advisor, the median home price in Florida is $402,000, while Zillow lists the average home price in Pensacola at $268,099.

    For You: 6 Best Cities To Buy Property in the Next 5 Years, According to Real Estate Agents

    Panama City Beach, Florida

    “With many companies moving to remote work during the pandemic, Panama City Beach became a great place for the WFH crowd to relocate,” Provosty said. “More than 17 million people visit every year, bringing in roughly $2.7 billion in economic impact.”

    Provosty pointed out that the mayor of Panama City Beach is working towards keeping residents and tourists happy by investing in new infrastructure, as the population has grown by about 40% since the start of the pandemic. As an investor, the population growth and funds allocated towards new infrastructure make this beach town an attractive investment option.

    Provosty also brought up the 27 miles of white sand beaches with dozens of public peaches, the access to the Gulf of Mexico and the consistently warm weather as additional reasons for selecting this town.

    What’s the Average Home Price? 

    According to Zillow, the average home price in Panama City Beach is $443,964.

    Galveston Island, Texas

    “Galveston Island hosted 8.1 million visitors in 2022, which is projected to grow in future years because of historic investments in re-nourished beaches, continued expansion/diversification of amenities and attractions located on Galveston Island, and continued growth in the number of year-round festivals, special events and sporting events,” Provosty said.

    Provosty pointed out that this beach town is worth investing in because the Port of Galveston is North America’s fourth busiest cruise port, serving Carnival Cruise Lines, Royal Caribbean International and Disney Cruises, with over 1.7 million passengers annually.

    What’s the Average Home Price?

    According to Zillow, Galveston’s average home price is $353,577. However, in areas like Grand Beach, beachfront properties can cost anywhere from $245,000 to $3 million.

    Myrtle Beach, South Carolina

    “The tourism industry is the primary pillar of Myrtle Beach’s economic base, though the area has numerous other growth sectors, including healthcare, aviation, technology and manufacturing,” said Provosty. “Over 17 million people visit Myrtle Beach annually, partly drawn by the 60 miles of wide, sandy beaches and family attractions.”

    Myrtle Beach is known as the “Golf Capital of the World,” and the area is supported by one of the best small airports in the country. According to USA Today, the Myrtle Beach International Airport is ranked one of the fastest growing, and passengers praise the convenient location.

    What’s the Average Home Price?

    According to Zillow, the average home price in Myrtle Beach is $307,574. However, beachfront properties can cost up to $5 million.

    San Diego

    “We have such a strong job market and diverse economy, and there’s such a strong demand for housing in California as a whole,” said Phil Green, the CEO of I Buy SD, a privately held single-family homebuyer in San Diego. “Almost anyone can find success here with a little can-do attitude in their respective fields.”

    Green pointed out that San Diego stands out for its booming economy and ideal year-round climate. While this beach town is more expensive than the others on the list, it’s a solid option for those looking into the West Coast.

    Green added, “Based on the economy alone, San Diego is a solid investment for any young business professional who wants to keep as many options open as possible.”

    What’s the Average Home Price?

    The average price of a San Diego home is around $1 million, according to Zillow, and Green noted that homes are showing no sign of depreciation.

    More From GOBankingRates

    This article originally appeared on GOBankingRates.com: I’m a Real Estate Investor: Here Are the 5 Beach Towns You Should Consider Investing in Property

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



    Source link
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The best apps to invest your cash in TODAY to turn £10-a-week into £15,000 without even noticing it

    Investments

    Quiz calculates the ideal time to take a ‘micro-retirement’ from work

    Investments

    Cruise Executives Evaluate Investments in the Brazilian Market – Cruise Industry News

    Investments

    The shortcut to close bonds? Asking meaningful questions

    Investments

    Barclays: UK’s investment gap swells to over £610 billion

    Investments

    Premium Bonds: Could You Be Sitting on an Unclaimed Prize?

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    I’m a savings expert and I’ve tried 40 different ISA platforms – here are my must-read tips to get your tax-free investments rocking: HOLLY MACKAY

    Stock Market

    Some Strategists See a Stock Bubble — and It’s Not the Mag 7’s Fault

    Fintech

    Le défaut d’agrément freine l’élan des fintechs sur les actifs numériques en zone CEMAC

    Editors Picks

    MPs’ property portfolios: Christopher Luxon sells investment houses, politicians with overseas interests

    May 18, 2025

    9 Best Investments According to Pros

    July 24, 2025

    Asian Shares Decline as Bonds Extend Selloff: Markets Wrap

    October 22, 2024

    une boutique Voi va ouvrir au Havre

    June 20, 2025
    What's Hot

    Twisted Metal Star Anthony Carrigan Was Unrecognizable as Surprise Hero in Superman

    July 29, 2025

    Getting Educated on a Clean Energy Future – Center on Global Energy Policy at Columbia University SIPA

    August 13, 2024

    The Best High-Yield Dividend Stock to Invest $10,000 Into Right Now

    May 25, 2025
    Our Picks

    Allied Gold ouverte à d’autres options de partenariat pour la mine d’or Sadiola

    June 9, 2025

    La préfecture de la Gironde va bien rejeter le projet de nouveaux puits de pétrole sur le Bassin d’Arcachon

    June 4, 2025

    Bitcoin Fails To Rise Above $109,000, Cronos Becomes Top Gainer

    July 8, 2025
    Weekly Top

    Sunbeth Global Concepts secures top credit score amid growth surge 

    September 15, 2025

    Techopia Live @ Tech Tuesday: Pulse Check on Technology in Healthcare Innovation

    September 15, 2025

    The best apps to invest your cash in TODAY to turn £10-a-week into £15,000 without even noticing it

    September 15, 2025
    Editor's Pick

    Fête de la Musique 2025 à Évry-Courcouronnes (91) : pop urbaine, flamenco et métal arabo-andalou

    May 28, 2025

    Minister: Agricultural crises provide grounds to claim EU compensation | News

    August 14, 2025

    Central bankers say mBridge multi-country digital currency platform is worth the effort

    October 23, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.