Have you ever thought about investing in your own slice of paradise? You’ve pictured yourself waking up on Anna Maria Island and walking to the beach. Or maybe you’re thinking about the money you could make with vacation rentals. This post will explore why you might want to invest in Anna Maria Island homes for sale.
Anna Maria Island Real Estate Market Watch
As of September 2023, the average price per square foot of homes on Anna Maria Island was $845. However, it is important to remember real estate trends are always changing. Contact Anna Maria Life for help buying and selling homes on Anna Maria Island.
5 Reasons to Invest in Anna Maria Island Homes for Sale
Anna Maria Island boasts a distinct, non-commercial atmosphere. Often called “Old Florida,” AMI makes an enticing destination for tourists seeking a different kind of beach vacation. The island’s charm is unmatched, providing an authentic and laid-back experience that visitors can’t find elsewhere.
AMI’s unique combination of natural beauty, relaxed atmosphere, and charming towns makes it a highly desirable place. The island’s seven miles of beaches, mangrove forests, salt marshes, and wildlife preserves offer a variety of activities to enjoy. Tourists can go swimming, hiking, kayaking, or birdwatching.
The island’s towns — Anna Maria, Holmes Beach, and Bradenton Beach — each offer a distinctive charm. You have various beaches and outdoor spaces. The different towns also have unique dining and shopping opportunities.
High Demand and Low Vacancy
Anna Maria Island experiences year-round rental demand, resulting in impressively low vacancy rates. The island’s popularity as a tourist hotspot ensures that vacation rental properties are almost always occupied. Even during the off-season, the demand for rentals remains high.
In 2021, Anna Maria Island saw a 42% jump in visitors, hitting a record high of 969,300. And in January 2022, 90% of the island’s places to stay had more guests than in 2019, 2020, and 2021.
Additionally, Manatee County draws in around 3.7 million visitors annually. Of these, approximately 900,000 opt for short-term rentals. About 400,000 chose to stay on Anna Maria Island.
Investors on the island enjoy the flexibility to choose between short-term vacation rentals and long-term leases. This provides income stability and options. The diverse tenant pool enhances the potential to generate income.
High Rental Income
Anna Maria Island’s popularity as a vacation destination translates to significant rental income for investors. The area’s average lodging costs $294 per night. In fact, AMI ranks as the 5th most expensive US destination overall. For investors, this means a chance to earn a substantial return on their investment.
Strong Real Estate Market
The island’s real estate market, although fluctuating, has seen an appreciation in home prices for the last five years. This promises a substantial return on investment. Experts suggest prices will increase by 22.960% in the next ten years.
Ready to invest in AMI real estate?
Anna Maria Island offers a great investment opportunity. You not only have a chance to see strong income from rentals, but the properties are good long-term investments.
For anything and everything on Anna Maria Island, reach out to me by clicking here. I can get you where you want to be with buying, selling, or vacation rentals. We are experts in the local market for vacation home rentals. Please call for all your real estate needs!
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