Top Beach Communities To Buy Property In
If you are seeking a permanent residence, vacation getaway, or an investment opportunity; buying a home in a beach community can offer a relaxing or lucrative lifestyle. As summer commences across the United States, now is a great time to explore some of the top beach community options for potential home buyers.
Cape Cod, Massachusetts
Located along the easternmost tip of Massachusetts, Cape Cod has long been a popular tourist destination during the humid summer months. Famous for its lighthouses, Cape Cod offers residents 50 miles of beautiful Atlantic coastline. With a year-round population of just over 200,000, Cape Cod swells each year as tourists and part-time residents arrive after Memorial Day to escape the heat.
Cape Cod is also home to a wealth of maritime history, including over 3,000 shipwrecks stranded along its Atlantic and craggy bay coasts. Because most of its shoreline is already built out, new construction is rare in Cape Cod. Home sales prices in Cape Cod currently average around $300,000, a significant markdown from just a few years ago.
Myrtle Beach, South Carolina
Myrtle Beach is a popular tourist destination nestled along the Atlantic coast in northeastern South Carolina. Although the quiet beach town is home to about 30,000 year-round residents, the city sees over four million visitors each year. The Myrtle Beach Boardwalk, which opened in 2010, has been hailed as one of the best in the country.
The Myrtle Beach area offers some of the finest shopping to be found in the Southeast and is legendary for its dozens of golf courses, including world class PGA tour clubs like The Dunes and TPC. If you are searching for a home in Myrtle Beach, you will find a wealth of choices for both single family homes and high rise condominiums. Many starter home prices begin around $100,000, and larger homes on the beach, or with beach views, can range from roughly $300,000 and up.
Palm Beach, Florida
If occasional celebrity run-ins around the neighborhood are your idea of a great community, then Palm Beach might be your dream hamlet. Located about an hour north of Miami, Palm Beach is a fascinating mix of high and mid income level residents. Weekends in Palm Beach can be spent at a polo match, browsing luxury shops on Worth Avenue, or enjoying the spa or lunch and cocktails at the legendary beachfront Breakers Resort.
Residents in for a change of pace could also spend their time exploring the town’s eclectic, yet still glamorous consignment shops and international eateries. Real estate prices in Palm Beach reflect the exclusivity of the area. Although Florida was particularly hard hit during the recent recession, a home in Palm Beach will likely set you back a minimum of a million dollars, though there are waterfront condos and townhomes priced considerably less.
San Diego, California
San Diego should be on any the list of any potential home buyer seeking beach front property. With its wonderful year round climate, San Diego boasts some of the loveliest and most affluent beach communities in the country. San Diego offers all the perks of a large city without the stressful hustle and bustle a major metropolitan city. San Diego home prices remained relatively stable during the recent recession. While homes in the $400,000 price range can be found in Sand Diego, anything on or near the beach will probably start at over $1 million.
South Padre Island, Texas
South Padre Island in Southeast Texas is the perfect town for buyers who wish to buy a home near the beach. If you are looking for a quiet town to escape, South Padre’s small population of approximately 3,000 people may be your destination of choice. Because the entire island only takes up about two square miles, most homes have an ocean view.
Accessible via causeway from Port Isabel, South Padre Island is located along the Texas Gulf Coast. Pristine beaches with magnificent sand dunes draw vacationers from the north during the cold winter months; however, the island tends to see tourists year-round, which presents excellent income-property opportunities. Most home prices start around $100,000 and go up depending on the size and proximity to the beach.