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Im4datigers
LSU Fan
Northern Virginia
Member since Oct 2003
3690 posts

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

Just a tip, don’t think you need beachfront. Condos yes, but homes within a block of the beach sell for less than beachfront and book up close to the same. The rental income to purchase price is better for non beachfront homes.


Right on 100% my mentality going into this. So long as you have a golf cart or have bikes for people to ride I find it just as enjoyable if not more personally.

I also want as much protection from a storm as I can get. Given these new beachfront homes they are building and the strong high rises aren’t going anywhere with todays building standards and codes, nonetheless I want a little bit of buffer as a couple few blocks off the beach can sometimes make a big difference.

Still stuck on the high rise condo vs home though. Just seems like high rise is a pain in the arse even with the HOA taking care of all the exterior work and maintenance. Just seems very hotel-ish or apartment ish vs beach type house. Idk


Bard
LSU Fan
Poli Board President-Elect
Member since Oct 2008
44735 posts
 Online 

quote:

Agreed but it’s coming down. Slowly declining over the past few years.



We've been doing a week on Pensacola Beach for close to a decade now and prices have spiked. Last year when we went to register for this year, prices jumped bigly.

With the state of the economy (not just now, but in the near-to-mid future), I would be very surprised if they didn't drop next year.


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Sput
Auburn Fan
Member since Mar 2020
5258 posts
 Online 

quote:

Still stuck on the high rise condo vs home though. Just seems like high rise is a pain in the arse even with the HOA taking care of all the exterior work and maintenance. Just seems very hotel-ish or apartment ish vs beach type house. Idk


A two or three story condo with 50 or less units across from the gulf is the ticket. Usually less HOA drama, still take in the summer dough, and more snowbird friendly in winter.


Im4datigers
LSU Fan
Northern Virginia
Member since Oct 2003
3690 posts

quote:

A two or three story condo with 50 or less units across from the gulf is the ticket. Usually less HOA drama, still take in the summer dough, and more snowbird friendly in winter.


Was speaking with a local in water color and they said the exact same thing. That’s what they were living in and said almost word for word


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