Investing in Saint Augustine beachfront property

[Likun Mishra]

Can someone tell me whether St. Augustine, FL beachfront homes are good long haul investments, and if so which areas in St. Augustine will have steady short term rental occupancy?  We are looking to use the home for vacationing several weeks out of the year and renting it out the rest of the year.

[Chris Mury]

Hello, Likun! 

Great question! I would point you towards Vilano Beach or the Butler/Crescent/Treasure Beach areas of St. Augustine. Unfortunately, the city of St. Augustine Beach has tight rental restrictions and have issued just 100 "Transient Rental Licenses" which, of course, are all gone. Here's some details from the city:

https://www.staugbch.com/citym...

The areas I recommended have little to no restrictions on short term rentals and would make a much better investment if you're hoping to rent your home when not using it. Feel free to ask me any follow up questions you might have.

Chris