May 26, 2011
How Much Does Beachfront Property Cost?
The dream of vacationing or owning a property that is either on the beach on within walking distance has been around since people began moving to Florida. I have found, however, that so many people have an unrealistic view of the cost of beachfront property.
The national media has the world believing that practically every home for sale is either a foreclosure or short sale in states such as Florida, California or Arizona. The reality is that only one in 57 homes in Florida are distressed, according to the Tampa Bay Business Journal. That’s still a high number, but it’s definitely not the majority of homes.
But just because a property isn’t a short sale or a foreclosure doesn’t mean that it isn’t priced right or even at a bargain. I’ve seen too many crest-fallen faces of vacationers expecting to pick up a beautiful beach condo for pennies. That’s not reality!
Here’s some pricing information for the beach communities in St. Petersburg-Clearwater, Florida, area.
Two bedroom, two bath condos located right on the beach in Treasure Island or St. Pete Beach start at $350,000.
Two bedroom, two bath condos in communities located on the Intracoastal waterway within walking distance of the beach begin at $175,000, while one bedroom, one bath units begin at $150,000.
Homes on the beach are and will continue to be expensive. There are few tear down properties available in our area, so expect to pay from $1 million and above for a beach house in paradise.
Homes on the Intracoastal waterway with pool and boat dock begin at $400,000 and are where some nice bargains can be had. Remember, three or four years ago, these same homes were selling for $200,000 to $300,000 more.
There are beach communities that run the length of Pinellas County’s coast from Clearwater beach to the north to Tierra Verde to the south. The beach communities of Madeira Beach, Redington Shores and Indian Rocks Beach are a little more affordable than Treasure Island, St. Pete Beach or Tierra Verde. Pass-a-Grille Beach is a small enclave of homes—all either across the street from the beach or within walking distance of the beach. This beach community is the most expensive.
Having noted the most expensive to least expensive beach communities, there are deals to be had everywhere, so the key is to pick the area that you like the most, determine what you would like to own—either a condo or home, then ask us to help you find the paradise of your dreams!