Miamism Blog

You are here

Miami Beach makes list of 10 Best Places in Florida to Buy a Vacation Home

Ines Hegedus-Garcia
ines@miamism.com

Marisa Spyker from Southern Living gives us the scoop of the 10 Best Places in Florida to Buy a Vacation Home This Year.  She explains that although owning a seashore escape from reality may be on many people's wishlist, it can also be a lucrative asset

The article looks at an annual report from Rented.com, which analyzes trends in housing costs and tourism to forecast a destinations's investment success.  The study identified 150 best places to buy a vacation property in 2019 and of the top 25, six are located in Florida.

To determine a market’s rental potential, Rented.com looked at factors including real estate prices, property taxes, and average maintenance costs, as well as rental and occupancy rates, rental property demand, and any legal regulations that might make renting short-term on platforms like Airbnb difficult. Because of the latter, many urban markets fell off the hot list this year, paving the way for affordable, traditional vacation markets to step in.

“The trend this year is to focus on markets that are as recession resistant as they come,” reads the report. “They are established vacation destinations where family traditions are made. They remain affordable family destinations even during an economic downturn.”

Florida is an obvious choice for a rental property investment because of its attractive shoreline and ROI.  And with that said, these were the top 10 Florida destinations with the highest projected "return on investment".

1. Panama City Beach

2. Palm Coast

3. Jacksonville

4. Navarre

5. Kissimmee

6. Cape San Blas

7. Cocoa Beach

8. Fort Myers

9. Miami Beach: Median Listing Price: $519k - Estimated Rental Income: $61,000

10. Davenport

For additional information on buying a second or vacation home in Miami Beach, please reach out to us.  We provide a non-stop shop for our investors that includes property management.


Recent Posts

  • Jul 29, 2020

Miami is growing in popularity and there are reason why you should invest in Miami now. Miami is being called "The New Manhattan", the "next big tech hub", the "yachting capital of the world" Miami real estate is here to... more

We are thrilled to announce that we have listed this amazing property on Fort Lauderdale's Intracoastal! 3250 NE 56 Ct - Fort Lauderdale, FL 3308 We get to market some amazing architectural properties throughout South... more

How is The Belle Meade Real Estate Market Doing? There are currently 18 single-family homes for sale: (compared to 16 in May) Highest priced listing is $7,850,000 $7,495,000 for the bay front, new construction home at 7311... more

We had the pleasure of representing a young couple, soon to be married, with the purchase of their new home.  It was such a pleasure to walk them through the process and advise them every step of the way.  They were... more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.