With its beautiful natural diversity, growing local economy, and consistent population growth, it’s no wonder that Florida has become an ideal location for real estate investment. There have been a huge number of fantastic developments across the entire state over the last fifteen years, making now the perfect time to take a look.
In this article, you’ll learn about several locations offering the best investment opportunities in the Sunshine State.
Orlando
Orlando is one of Florida’s most popular, prosperous cities, so it’s no wonder it’s also a great location for investing in real estate. Most know the city for its two key attractions – Disney World and Universal Studios – which attract millions of visitors every year, but these are far from the only draw. Orlando is home to a positively brimming entertainment industry in general.
These and other factors make the place a tourist hotspot, with many of these individuals coming back to stay permanently. The economy is diverse and infrastructure continues to expand, with areas like Winter Park offering prime opportunities for property.
Coral Gables
A Coral Gables zip is another fantastic location for investors – for those seeking to purchase luxury accommodation, many would say there couldn’t be a better location in the state. People come for its gorgeous Mediterranean architecture and opulent shopping experience, and naturally, there are a ton of great dining options and a range of swanky bars for visitors and residents to pick through.
The area is a cultural hotspot with the best of Florida at its doorstep, making it the perfect place for to secure particularly desirable property within a stable market.
Tampa
Tampa is perhaps known best for its growing tech scene, and where there are tech jobs, people are always looking to invest. It’s known for being a more laid-back area compared to other parts of Florida, resonating with locals and tourists alike for its calming beaches and great museums.
The area is also more affordable than others but at the same time, has a consistent rental demand. It’s truly a ‘Goldilocks’ space for those looking to invest in real estate.
Jacksonville
In many ways, Jacksonville has everything investors are looking for given both its affordability and desirability. It’s technically the largest city in Florida providing ample opportunity to invest, and despite the low cost of living, the place continues to expand and grow at an accelerated rate.
It’s a sleeper city for sure, with the potential for buying property cheaply, playing the long game, and reaping the rewards later on down the line. It’s commonly considered one of the best picks for building a profitable portfolio, blending the best of all possible attributes together into one appealing package.
Palm Beach
Known for its stunning beaches and historic landmarks, Palm Beach certainly leaves a strong impression. Whether you want high-end shopping or beautiful architecture, the place exudes a natural charm that’s hard to come by.
One of the more wealthy areas of Florida, Palm Beach is an ideal location if you’re looking to invest in high-value rentals. It epitomizes the sort of luxury real estate you can come to expect in Florida, and attracts many celebrities and international buyers.
Fort Lauderdale
Fort Lauderdale is an interesting place. Known for its vibrant nightlife and intriguing cultural attractions, the high standard of living mixed with affordable property make it an enticing bet for a large subset of people – and a fantastic investment opportunity for those looking to buy property.
You’ll have plenty of both residential and vacation properties to choose from, and with a strong market demand, investment here is consistently a wise choice.
St. Petersburg
Known colloquially as ‘St. Pete’, St. Petersberg is prized for having one of the most vibrant, thriving cultures in all of Florida, and being so affordable, it’s no wonder people flock there to live. This makes the place prime investment land, and there are many different types of properties to choose from, too.
Kenwood, for example, is known for its historic bungalows that ooze authentic charm, while you’ve also got beautifully situated waterfront properties surrounding Tampa Bay. Over the last few years, St Petersburg has shown great resilience in its growing real estate market, making now one of the best times to purchase property there.
Wrapping Up
As Florida continues to expand, so naturally do the opportunities for those looking to buy and invest in property. The only issue will be that you’re spoiled for choice, so be sure to take the snippets provided here and research each area thoroughly to find your ideal location.
Meg is an author at Cinnamon Hollow. She writes on a variety of topics sharing tips and ideas for daily life.
