Where are some good locations for vacation homes in Florida?

[Michael Johnson]

I am looking to buying a vacation home in Florida and use it as a STR while i'm not there. There are a lot of hot spots in Florida where there is good appreciation, rent growth and high tourism. I'd like a place that has good access to a variety of restaurants and is in close proximity to water. Any recommendations? Thank you in advance!

[Melissa Wesling]

Hi Michael! There are so many great markets in Florida and without knowing your investment goals, it's hard to know which area would be the best fit for you! 

Below are some general guidelines on investing in the Florida markets including the market zone, destination category, length of season, and recommended entry budget for a short-term vacation rental property in that market. The recommended entry budget is the starting point for your investment amount where you will begin to find a profitable short-term rental.

• Panhandle–Beach destination; somewhat seasonal; recommended entry budget: $500K
• South West–Beach destination/snowbirds; somewhat seasonal; $400K
• Central East–Beach and events destination; seasonal; $280K
• Central West–Beach destination; mostly seasonal; $400K
• South East–Beach and resort destination; year-round rentals; $500K
• Central–Theme park destination(events/resort/family); year round market; $300K
• Florida Keys–Beach, boating, fishing, family destination; mostly seasonal; $500K