re: Rental properties - Sandestin, Seaside, Seagrove, Water color

That’s because it’s in Mexico. Nobody wants to have to fly to Mexico to go to the beach. That makes it extremely expensive, plus all the risks of being an American in Mexico. And buying it you have to navigate international realty law, taxes in Mexico, etc. And good luck finding someone to manage the property that’s trustworthy

It’s not apples to apples to compare beachfront property in driving distance in the US to beachfront property in Mexico. There’s a reason there’s a price factor difference