Waterfront property is a dream for a lot of people out there, and it’s easy to see why. Living on a waterfront brings a unique kind of peace with it, and a lot of people want this. This makes investing into waterfront property an incredibly profitable idea for investors. However, this opportunity isn’t the same everywhere you look. Buying waterfront properties in certain places is much easier than others, which makes profit vary wildly from place to place. As such, you might ask the question: where is the best place to invest in waterfront property? We hope to help you answer that question today; In order to help out, we’ve put together a list of the best places for waterfront property investment.
Lake Erie City, New York
In the west of New York state, along the eastern shore of Lake Erie, Lake Erie City is an excellent choice for investing in waterfront property. Lake Erie city is very picturesque and surrounded by beautiful nature, which attracts a lot of people to the city. On top of that, the city has a very friendly and quiet community, with plenty of hidden gems to keep people entertained. The median price of waterfront properties in Lake Erie City is $155,806, which makes it incredibly affordable. Investors can easily pick out waterfront properties and sell them for decent profit, as long as they know what they’re doing. However, if you’re new to the real estate scene, consider some tips for beginner real estate investors. All in all, even if you’re a beginner, you can’t go wrong with investing into Lake Erie City real estate, as long as you’re careful with it.
Pensacola, Florida
Pensacola is a city with a lot of history, five centuries to be precise. As such, it offers some of Florida’s most unique culture, and it’s famous for its shopping. However, what places Pensacola on the list of the best places for waterfront property investment are its beautiful beaches. In Pensacola, you can experience the full beauty of Florida’s famous beaches without the hustle and bustle of massive cities. Pensacola is home to the National Naval Aviation Museum and the Blue Angels Naval aerobatics team. Despite this, the city has a very laid-back and peaceful community. The median price of waterfront property in Pensacola is $233,060, which also makes it fairly affordable. However, if you plan to move into your waterfront home while preparing it, make sure you get the help you need. After all, hiring movers is the best way to make sure nothing gets damaged in transit.
Kelseyville, California
Kelseyville is exactly what you might imagine when someone mentions a small California town. It’s located on the shores of Clear Lake, which is California’s largest lake. What really makes Kelseyville popular, however, are the beautiful views it’s surrounded by. On one side you can see the beautiful Mt. Konocti, while on the other there are miles upon miles of farmland. Mt. Konocti also offers plenty of wonderful hiking trails, which attracts a lot of nature lovers to the city constantly. The median waterfront property price in Kelseyville is $389,045, which makes it the most expensive city on this list. However, that also means that the city has the highest potential return on investment. And if you know how to invest in real estate, you can easily make a fortune here. Of course, there’s never a guarantee and you should always be careful, but Kelseyville is a great investment opportunity.
Daytona Beach, Florida
Daytona Beach is a city famous as the home of both NASCAR and Spring Break, but the city has a lot more to offer than race cars and college students. Namely, Daytona Beach has 23 miles of beautiful beaches which are open without time restrictions. Additionally, the city is only 50 miles northeast of Orlando, which makes it even more popular. Special events such as the Daytona 500 and Daytona Beach Bike Week also attract quite a few tourists every year. The cherry on top, and the reason why Daytona Beach makes it on the list of the best places for waterfront property investment, is that the median waterfront property price here is only $144,800. If you plan on investing in real estate here, experts from Big Man’s Moving Company recommend that you hire movers to move furniture in. Movers can ensure your property doesn’t get damaged in the process.
Grand Isle, Louisiana
Grand Isle is famous as the sportsman’s paradise, and for very good reason. The city offers one of the best birding and fishing habitats in the world, and it pairs it with a beautiful, clear view of the Gulf of Mexico. Additionally, Grand Isle is home to Louisiana’s one and only inhabited barrier island. When all of this is combined with Louisiana’s famous hospitality and the wonderful cuisine in the city, Grand Isle has been very popular with visitors for over two and a half centuries already. With all of this combined, Grand Isle real estate is considered very appealing by real estate investors. The median price of waterfront property here is $232,602, and the potential return on investment is quite high. However, anyone who’s serious about doing real estate should know how to employ a real estate lawyer. In the long run, real estate lawyers can prove invaluable.
Best places for waterfront property investment – wrap up
Waterfront property, in general, is a very good real estate investment all in all. A lot of people dream about owning waterfront homes, and savvy entrepreneurs can profit from that. However, not all real estate property is equal, and deciding where exactly to invest can be difficult. There are a lot of factors to consider, and you need to think about everything before coming to a decision. Thankfully, the States have no shortage of great places for investing in waterfront property. And as long as you’re careful, you can turn a tidy profit dealing with real estate in these places. We hope that this list of the best places for waterfront property investment helps you out, and we wish you a good day.
