Best Place to Buy a Beach House in Maryland

Beach vacations have long been an American pastime, and vacation rentals have been emerging every bit the ideal hosts. At these waterfront properties, travelers can cook their fresh catches in spacious kitchens, fall comatose to the sound of crashing waves, and sink their toes in the sand as presently as they stride out of their rental backdrop.

Simply the coronavirus pandemic reshaped almost aspects of American life, including travel, then demand for wide-open spaces and sprawling beaches is more popular than ever. Travelers are heading to beaches and national parks en masse, which tin pb to increased bookings and higher profits for those who own nearby properties.

Plus, as the holiday rental industry flourishes — it's projected to see market growth of $62.7 billion between now and 2024 — there's widespread appeal for short-term property investment in coastal communities.

All of this is why now is the fourth dimension to consider ownership a beach house vacation rental. From the craggy coastlines in Oregon to the sun-soaked shores of Florida, here are the best beach towns for buying an investment property in the side by side year.

How We Chose the Best Places to Buy a Beach Firm Investment Property

The By the Numbers information below is based on a combination of proprietary and public information, only the three main metrics we took into account are:

• Vacation rental performance metrics for beach towns across the U.S. to learn where bookings lead to higher median revenue
  
• Zillow'southward 2022 median home value to identify listing prices in embankment towns
  
• Estimated yearly expenses to run a vacation rental (approximately thirty% of total revenue) to help summate cap rate

We as well evaluated a property's potential to outperform market expectations with an Evolve partnership. Below, you'll see The Evolve Difference, showcasing how we helped some of our superlative beach house homeowners maximize income in each surface area, resulting in them significantly surpassing the market's projected revenue.

i. Surfside Embankment, Texas

The secret's already out about the popularity of Galveston vacation rentals, simply nearby Surfside Beach is a smaller, quieter stretch of sand and surf in the Lone Star Country that'south rightfully gaining attention as an alternative Gulf Coast holiday destination.

The best function nearly investing in this slightly lesser-known area: the comparatively low abode prices. The beach town besides has a potential 10.5% cap rate, which is the ratio between a belongings'south internet income and its market value — a primal measure of success that can bespeak your return on investment.

Our Real Estate Services (RES) experts say Surfside Beach is too a big depict for nearby urban center dwellers looking for an piece of cake-to-attain beach escape, which tin can help keep your rental booked year-round. Houstonians can get to the beach in an hour, while Surfside is a doable weekend trip for those in other major metros like Dallas, San Antonio, and Austin.

ii. Traverse City, Michigan

Surrounded by port towns, lighthouses, and rolling dunes, this scenic Michigan city nabbed the 2nd spot on our list as it's a Midwest vacation magnet.

Along with its spectacular beaches (and there are a lot both big and minor to explore), Traverse Urban center has earned the reputation of being the "Ruddy Capital of the Earth" and is gaining recognition as an upwardly-and-coming wine destination. It likewise has prime  leaf-peeping opportunities in autumn, and vacationers often visit come up winter to glide through Sleeping Behave Dunes National Lakeshore on snowshoes.

Of course, it's smart to stock your holiday rental with embankment-friendly amenities that'll help your dwelling stand out to booking travelers. Merely our RES team also recommends finding a property that has amenities yous can use twelvemonth-circular, similar a fire pit. (If the abode doesn't have those civilities, you'll want to look for opportunities to add value by bringing them in.)

3. Murrells Inlet, South Carolina

Once a hideout for the infamous pirate Blackbeard, Murrells Inlet remains full of treasures for outdoors lovers. It's an immerse-yourself-in-nature destination where travelers can kayak, birdwatch, harvest oysters, or charter a deep sea fishing excursion, and then cap off the day with alive music at a waterfront restaurant along the MarshWalk.

Murrells Inlet also neighbors Myrtle Beach, a close runner-up on our list of best places to buy a beach firm. But with a potential 8% cap rate — double that of Myrtle Beach'southward — it stands out every bit a acme investment surface area that offers vacation-goers however beach fun.

4. Cape Coral, Florida

Greatcoat Coral lands in the fourth spot on our list of best places to buy a beach house and ninth on our overall list of where to buy a vacation rental property because of its appeal to a wide variety of travelers.

Forth with the scenic Gulf Coast beaches, Greatcoat Coral has lush golf courses and child-friendly attractions like the Dominicus Splash Family Waterpark. It's also a top canoeing and line-fishing destination, and is teeming with canals boasting more than 400 miles of beautiful waterfront belongings.

Of course, high HOA fees can often be a deterrent to Florida investors. Simply our RES experts say Cape Coral remains an area without heavy regulation, then you lot won't take to cut through a bunch of carmine record before seeing a solid ROI on your income property.

five. Ocean Shores, Washington

With a long stretch of peaceful beaches and shorelines that disappear into the horizon, Sea Shores is a gem in the Pacific Northwest that appeals to travelers looking to avoid crowds. An ideal basecamp for day trips to Olympic National Park, tourists can gawk at the glacier-capped mountains and recharge in the Hoh Rainforest, which is billed every bit the quietest spot in the Usa.

That level of peace and quiet tin likewise entreatment to remote workers, as scenic destinations like Ocean Shores are becoming more popular even in shoulder seasons. Look for properties that can be tailored to arrange a variety of travelers, like families, business travelers, and those vacationing with pets. Once yous accept your home, calculation low-toll amenities like beach blankets, hiking guides, and board games can assist your infinite polish.

six. Newport, Oregon

With 363 miles of Oregon coastline, this scenic Pacific Northwest stretch is filled with public beaches, tucked-away coves, and coastal hiking trails that wind through old-growth forests. Over the decades, though, Newport has as well solidified its reputation as a favorite embankment forth the coast thanks to its quirky tourist attractions, celebrated lighthouses, and photograph-worthy landmarks like the Yaquina Bay Span.

Our RES team says decks and patios are in high demand in Oregon coast rentals, equally vacation-goers love witnessing the moody beaches from sunrise to sunset. Bonus: while Newport median revenue hovers effectually $29,000 annually, we've seen Evolve owners earn more than $50,000 in the aforementioned timeframe.

7. Gulf Shores, Alabama

With turquoise waters and sugary white sands, this picturesque Alabama embankment destination has a long tradition of bringing families together for vacations yr after yr. Together, Gulf Shores and its next-door neighbor, Orangish Beach, boast 32 miles of shoreline, translating to highly sought-after waterfront properties.

To make certain yous nab a profitable i, our RES squad says to work with a local realtor who can aid yous best empathize what amenities your HOA dues will encompass. Pools concord a lot of entreatment for travelers, equally they like to motility towels from the sandy shores to shaded pool decks — and then finding a home with that amenity will serve you well.

Our RES experts also say investors fare well here because travelers tend to book long stays along Alabama's southern coast, oftentimes vacationing for more than a week. Long stays hateful less turnover (and associated costs to bring in cleaning and service crews), then you're likely to keep more money in your pocket.

8. Lahaina, Hawaii

Once a celebrated whaling village in the mid-1800s, this Maui vacation destination remains a National Celebrated Landmark and is a spectacular basecamp for those exploring the Hawaiian island. Dominicus seekers who come here tin swim in the freshwater pools at Haleakalā National Park, witness otherworldly lava formations in ʻIao Valley State Park, or time a trip from November to May to try and spot a breathtaking whale migration.

While homes are expensive to buy in Lahaina — the median listing price hovers around $787,000 — and many parts of Hawaii have expensive HOAs with strict regulations, that shouldn't deter investors who really desire to purchase a beach property in Hawaii. Median almanac acquirement dances in the $48,000 range, and some Evolve owners take brought in most $72,000 annually. (Not to mention, buying here means you have your own Hawaii beach house ready for personal employ whenever you please.)

More great news: our RES experts say two-sleeping room vacation homes perform well in Lahaina, so you don't necessarily accept to buy a sprawling property if y'all're on the lookout for something more affordable. You can also partner with local, Evolve-vetted real estate agents to navigate HOA regulations and discover a belongings that can excel in the vacation rental market.

9. Ocean City, Maryland

Clean beaches and a bustling boardwalk with twinkling funfair lights bring travelers to this iconic beach city along the Atlantic Declension every summer. But it's important to annotation that, while those blue crab-slinging waterfront restaurants and adrenaline-pumping amusement park rides offer tons of family-friendly excitement, Body of water City also has an every bit-as-highly-seasoned quieter side.

The beach destination boasts serene golf courses and is just 20 miles from the Assateague Island National Seashore, offering opportunity for travelers to watch wild ponies roam and comb the white sand beaches for seashells.

To maximize on an investment in this quintessential summer destination, our RES team recommends using the slower off-season to do maintenance upgrades on your property that entice travelers to book. Information technology'south as well helpful to prioritize projects around outdoor space — like creating an al fresco dining surface area with grills, or adding yard games for guest use — as those coming to beach towns often want to spend as much time as they can breathing in that fresh, salty air.

10. Destin, Florida

Destin is postcard-perfect with its teal waters and powdery white sand beaches. Located forth the Emerald Coast where Florida's Panhandle greets the Gulf of Mexico, this sun-soaked playground has a knack for drawing multi-generation families for vacations.

For this reason, our RES squad says spacious vacation rentals (unremarkably around four to six bedrooms) tend to internet the highest ROI in this beach boondocks. That'll serve as the habitation base of operations for travelers craving an array of adventure — Destin has everything from snorkeling and deep sea fishing excursions to a bustling boardwalk and splendid shopping.

xi. Bethany Beach, Delaware

A well-kept boardwalk and pristine shorelines aid Bethany Beach earn a coveted spot on our all-time places to buy a beach business firm list, despite it existence a lesser-known escape (for now). This quaint and quiet mid-Atlantic enclave has everything y'all'd desire in a beach town — from bicycle and surf shops to farmers markets and movies on the sand — without the overwhelmingly large crowds.

A potent inventory of luxury properties drive upward the median home price to nearly $700,000 in this modest beach boondocks, then buying here does crave a large upfront investment. But our RES squad says finding property with shut admission to the beach or a private pool or hot tub tin can assistance y'all striking your occupancy goals and encounter a return on investment faster.

12. Cape Cod, Massachusetts

You may know this charming Northeastern summer vacation town for its clam shacks, lighthouses, and rolling sand dunes. Only there's and then much more to discover here, which is why travelers volume lengthy summer vacations in Cape Cod, staying an average of 5 days in the high season and booking nearly 3 months in advance.

Average domicile prices hover in the $570,000 range, and unsurprisingly, our RES experts say those with private beaches, porches, and ocean views are the ones to seek out in your house-hunting journey. You could likewise look into adding beach-friendly civilities, like embankment chairs, towels, and coolers to upwards the convenience gene for guests and the likelihood of them leaving a five-star review.

Take the Side by side Step with Evolve

Investing in a vacation rental property is a personal decision, but you lot don't have to navigate your options alone. Whether yous're drawn to one of our tried-and-truthful beach towns or enticed by the untapped potential of a lesser-known upwardly-and-comer, our Real Estate Services team can help you lot take the next step.

We have the data to contextualize your investment opportunities and ascertain your objectives, preferred local real manor agents who specialize in vacation rental purchases, and an armory of management tools to aid you reach your personal and fiscal goals once you've closed on your brusque-term rental property and are set to jumpstart your business organisation.

For additional research, here are some resources to assist you improve empathise the potential of vacation rental investment:

• Of import Benefits of Investing in Vacation Rentals that all homebuyers should know
  
• Vacation Rental Performance Reports to see fundamental data on peak markets across the U.S.
  
• Vacation Rental Income Figurer to compare expected earnings and expenses

At present that you're fix to talk about buying the beach house of your dreams, allow's get the conversation started today.

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Source: https://evolve.com/blog/homeowner-tips/best-places-to-buy-a-beach-house

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