Anna Maria Island is famous for its charming old Florida vibes. Whether you’re looking to rent out a home or make it your permanent residence, both options offer fantastic investment opportunities. Once you have decided that beachfront property on Anna Maria Island is what you’re looking for, the choice comes down to your preferences. This blog will help you make your decision!
Anna Maria Island Real Estate Market Watch
The median sold price of homes in Anna Maria Island was $2,900,000 in February 2024. Remember, beachfront properties are likely more expensive than the overall median. If you are interested in investing in Anna Maria Island, contact us to learn more!
3 Things To Know To Decide Regarding Your Beachfront Property On Anna Maria Island
1. One of The Best Places in Manatee County
Anna Maria is a cozy little town with a population of just over a thousand. Located in beautiful Manatee County, it offers a peaceful and rural atmosphere that many residents love. Most people in Anna Maria own their homes, and the town has an excellent selection of bars, restaurants, and coffee shops to enjoy. It’s a popular spot for retirees, and the community has a conservative vibe. The public schools here are known for being above average, making it an excellent place for families. Anna Maria ranks as the 6th best place to live in Manatee County!
2. Experience Beach Life
Experience beachfront bliss here with daily access to the beach for swimming, sunbathing, and relaxation. The island is famous for its lifestyle, laid-back atmosphere, and natural beauty.
Remember: Anna Maria Island can be a bit pricey, but it’s worth it! Housing costs are higher than the national average. But its stunning beauty and fantastic amenities make it a great place to live! Plus, if you have a property to rent, it could be a tremendous investment opportunity due to the island’s popularity with tourists.
3. A Few Things To Remember If Renting Out
You must manage tenants, bookings, inquiries, and maintenance, which can take up much of your time. You can get professional help with this. Also, remember that frequent rentals can lead to more wear and tear on your property. So, make sure to budget for maintenance and repairs accordingly. And remember local regulations regarding short-term rentals and taxes on rental income. It’s always good to stay informed on these matters.
When considering what to do with your beachfront property, assess your financial situation, future goals, and lifestyle preferences. It’s a good idea to consult with professionals who know the area well. Feel free to reach out to Billi for assistance! Billi can help with your beachfront property on Anna Maria Island!
