When making a real estate investment, choosing the right location is key. And when it comes to luxury real estate, there's no doubt that 30A is one of the best places to invest your money. From its stunning natural beauty to its endless array of amenities, 30A has it all. Here's a closer look at why investing in 30A luxury real estate is a smart move.
But first– a bit about 30A
The Emerald Coast of Florida is a sight to behold. With miles of pristine white sand beaches, crystalline turquoise waters, and luxury residences as far as the eye can see, it's no wonder the area has become a mecca for the rich and famous.
Growing demand
Over the past several years, homes along 30A have been among the most sought-after in the nation, with the demand for properties far outpacing the supply. This is partly because many individuals across the U.S. have been looking to transition from 30A tourists to 30A locals.
Best neighborhoods to invest
Even though short-term economic situations are difficult to anticipate, finding someone who is not highly optimistic about investing in the 30A area for the long haul is challenging. The best investments in the regional market are single-family homes and various neighborhoods along the picturesque 30A, including communities like Grayton Beach, Alys Beach, Rosemary Beach, Seaside, Gulf Place, and Watercolor. These neighborhoods are all well-established and have a proven track record of appreciation, convenient local amenities, and high-demand primary, secondary, and investment properties.
Return on investment
There are three ways buyers can expect to see probable returns when investing in the property along 30A. Firstly, there is the likelihood of a rise in property value. Second, there is the possibility of making money through vacation rentals. A third and most compelling rationale is a return on investment that most assets can't match: the chance to relive and recreate happy coastal childhood memories for one's children and grandchildren.
Why investing in 30A real estate is a wise decision
There are many reasons why investing in 30A luxury real estate is a wise decision, including the area.
1. Location
One of the biggest draws of 30A luxury real estate is its location. Tucked along the Gulf of Mexico in Northwest Florida, 30A is renowned for its natural beauty. 30A is also home to some of the state's best shopping, dining, and entertainment. From luxurious beachfront homes to condo complexes with all the bells and whistles, there's something for everyone along 30A.
2. Exclusivity
In addition to being a beautiful place to live or vacation, the 30A area is also incredibly exclusive. This exclusivity helps to protect your investment by ensuring that property values will continue to increase year after year. Furthermore, because the area is so popular with the wealthy, it's always in high demand - making it a wise choice for anyone looking for a solid return on their investment.
3. Booming rental market
Another reason to invest in 30A luxury real estate is the booming rental market. Vacationers from all over the country flock to this area year-round, which makes it a prime destination for those looking to rent out their property. Whether you're looking for a long-term or vacation rental, you will find tenants willing to pay top dollar for your property.
4. Tax breaks
When you invest in 30A luxury real estate, you'll also be eligible for certain tax breaks that can save you thousands of dollars each year. For instance, if you purchase a condo or townhome on 30A, you'll be able to deduct your mortgage interest and property taxes from your income taxes. This can offset some of the costs of owning a second home.
5. Commitment to conservation
Finally, when you invest in 30A luxury real estate, you make a sound environmental decision. The area is well-known for its commitment to conservation and efforts to preserve the natural beauty of the Emerald Coast. So not only will you be earning a healthy return on your investment, but you'll also be doing your part to help protect one of the most beautiful places on earth.
Work with a 30A real estate agent
There's no substitute for working with a local realtor who knows the ins and outs of the 30A market. While you may be tempted to try and go it alone or work with a national firm, you simply won't have access to the same knowledge or connections. Additionally, a good realtor can help you locate properties that fit your criteria and negotiate on your behalf. They'll also be able to provide insights into the local market that you might not otherwise access.
*Header photo courtesy of Hilary Farnum- Fasth & Jacob Watkins