This is a very interesting post since I just started investing in waterfront properties. Last January, I purchased a beachfront penthouse in Panama City Beach, FL. The seller wasn't that motivated, but at the end of the day I was able to purchased the property for $6k less than asking price. Even though I had to decorate and furnish the whole place to make it more attractive for the type of short term guests that I wanted to attract to my place. March and April we lost a lot of the rental income due to COVID, but during May we started getting lots of bookings and we had 100% occupancy in June, July, and August. My personal experience this year has been that June and July are the money making months that could help you offset those slow months during the year. If you are able to put a decent down payment, self-manage the property, and keep your overhead as low as possible, it can definitely be a great investment. Now I'm looking at buying some land in a gated community in Cape San Blas which private beach access, pool, and other amenities. My RE dream is to purchase a beachfront family home. Best of luck to all of you purchasing your next investment property.
