I considered buying in the Panhandle area (Fort Walton Beach, West Panama City Beach, Navarre Beach) and talked to an agent about 18 months ago.

The house is on Cape Cod, a beach community that is wildly popular in July/August.

The transaction signifies a growing trend of industrial investors acquiring shallow-bay product in established locations to avoid competition with the growing supply of distribution centers hitting the market.In the same month, Terreno Realty (NYSE: TRNO) acquired a two-tenant, 112,363-square-foot shipment facility in Redondo Beach, CA, from Link Logistics, a subsidiary of Blackstone.

We haven't had issues but we haven't picked up any properties on Ft Myers Beach or Sanibel yet so I am unsure if there is an issue there.

i want a house in Manhattan Beach... but too many others do too. 

Here is an update after a recent visit to a building in South Beach Miami, FL.

We are now in 2024 and I'm interested in purchasing a property in Hermosa Beach, CA, as a first time home buyer, using some form of down payment assistance.    

Wrong, well two of them are in a part of dc that is rapidly declining & no one in the family wants to take care of (and he certainly cannot) and has deferred maintenance on both, the other two are beachfront and a block from the beach, one already got it by a hurricane (no damage, but did trigger a special assessment & insurance skyrocketed) the other one just being near saltwater for 70 years takes a toll on a place, the other thing that happen’s with real estate over time is appreciation eventually rapidly outpaces rent growth so these aren’t as big cash flows as you’d think, a decision is was made to keep these properties both for appreciation and of course stepped up basis (most of these properties he bought for nothing and then depreciated the hell out of) while he has great assets and it will all be fine in the ends and we are all very lucky he has the assets to cover my grandmothers care, frankly trying to figure all this when he’s 88 and everyone is stressed just isn’t ideal, he probably should have just 1031’d up certain properties that had environmental and/or let’s just say locational risk into new or very new construction in the easy to rent burbs like a decade ago, while the tax implications always make selling at tough proposition, I think at a certain point in everyone’s life especially if there are lucky enough to have kept properties for decades should transition them into these easiest assets they can find in their market (you can even put in a reit or more specifically a Delaware statutory trust) to make thing’s easier for them and their family once they are no longer capable of managing those properties themselves. 

My father in law has a condo on 400 west ocean blvd in Long Beach just a view of the street no ocean. 

Some guy pulled out a silver gun on me while I was driving around looking for fixers...