However, I am thinking it is a better play to sell, get back most of my capital, suffer a small/minimal loss, and reinvest the cash into a different, faster appreciating market. 

Even though interest rates are higher than the last few years, I'm seeing great opportunity around Jax to plant some new investment seeds and I think the equity in your beach home could be a great source to scale up some additional investment properties. 

If you're buying existing product, the competition will be tougher and the value of your home (as detailed below) will likely suffer as the Porter market continues to be flooded with new SFH supply.

This has just been addressed to some extent but overall we still suffer from being one of the highest rates of claims anywhere in the country.

Its beautiful, but make sure you do your homework when looking at beach front out there as some areas are suffering severe beach erosion.

Just like planting a tree, the best time to buy(plant) was 5 years ago, the second best time is today.  

(If you go that route we have worked with a couple of good builders and can share the contact info) That said, there are other locations where you can get a 4-bedroom villa for less or a similar price point.For example, the Tulum National Archeological Park is a project that just got announced (Parque del Jaguar) is a federal park with 1,000 federal protected hectares (2471.05 acres) (just to give you an idea Central Park in NYC is only 843 acres), it will have jogging and bike trails with views to the Caribbean, ancient Mayan ruins, 7 new beach accesses, a pier for boats in front of the lighthouse of the park, plant nurseries, viewpoints, butterfly farms, and cenotes.

@Cindy Joseph kill the weeds, wait and plant creeping thyme or other plant that works in between.

This is for fun but I'm seriously looking at hitting the reset button for the next chapter of my life and I'm suffering analysis paralysis.

I've had clients who suffered from massive medical bills and were only able to stay afloat because we were able to access liquid retirement funds.