Until the late 1970's, Northwest Florida was considered the states best kept secret. Now that the secret is out, and you too can enjoy some of the worlds prettiest beaches with your family.
There are a dozen beach towns along the Gulf Coast that are attractive to real estate investors - Destin, Pensacola Beach, Navarre Beach, Panama City Beach, Perdido Key and the beaches of 30a to name a few. So what is it about this Gulf of Mexico paradise that has drawn so many into the local real estate market?
Northwest Florida is a mecca for sun-worshippers, shoppers, boating and sporting enthusiasts. There are more places and ways to fish than we can name here, but if fishing is what you are looking for, we've got you covered. People may come here for vacations, but they stay for the quality of life. According to Fortune Magazine: "Top neighborhoods: ... are Gulf Breeze, a peninsula in Pensacola Bay, is connected to the historic district by a three-mile bridge, is booming. Doctors, lawyers, and other professionals populate this bedroom community, where it's still possible to buy an older home for $180,000".
Gary Eldred, author of Investing in Real Estate, steers potential buyers to the relative affordability of the Florida Panhandle. Pensacola, in the Panhandle's northwest corner, is one of the cities that are on top when Michael Sklarz, chief valuation officer for Fidelity National Financial, crunches numbers looking for the best balance of value and growth around the country.
So, what is it about Destin that has drawn so many into the local real estate market?
According to Kim Gibbons, Panhandle Market Conditions "I would definitely consider Destin - Fort Walton Beach areas as being a strong buyer's market - there are many great deals for buyers since waterfront real estate here in the panhandle is still less expensive as compared to other Counties in South Florida".
As baby boomers continue to look for that retire home in the sun belt, the Florida Panhandle stands out as one of the best values.