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Market Updates • April 10, 2023

Profitable Markets to Buy a Beach House in 2023 – Gulf Shores

by Susan Kaylor

Best Place to Buy a Beach House

Beach House

Gulf Shores One of The Most Profitable Places to Buy a Beach House in 2023

Even though we have seen soaring real estate prices, demand for vacation homes remains strong.  Especially near the beach!   Vacation rental management platform Vacasa has released the top ten destinations to purchase a beach house in the U.S. in 2023, and some of the results may surprise you.  Several beach towns nearby in the Florida Panhandle made the top 10.   The Number 1 spot went to Lake Anna, Virginia, Gulf Shores continues to reign as a favorite.  Coming in at Number 6 Gulf Shores’ family-friendly atmosphere and activities draw more than 8 million visitors each year, making it attractive to vacationers and investors alike.  Vacation homes in the Alabama beach town cost a median of $520,000 and rake in annual gross rental revenue of $49,000 with a cap rate of 5.5%.

Gulf Shores beaches

Gulf Shores beach

For current Gulf Shores listings and Rental Market Reports contact the Kaylor Team.  251-269-5250

https://susan.gulfshoresrealestatesearch.com/

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