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Waterfront Properties - Tampa Bay, Florida area Since my husband and I live on the water and because we looked at waterfront homes all over Tampa Bay when buying our home, waterfront and beachfront properties have become my specialty. To take a look at the Waterfront Properties listed now in the MLS, follow these simple steps: - Click "Search the MLS" link below. - Under AREA choose "North Beaches" and/or "South Beaches". Hold down the Control key to select both. - Under WATERFRONT select "YES". - Fill in your PRICE RANGE and start shopping! ----------Click here to Search the MLS An Overview of Waterfront Property in Pinellas County Can I Afford Waterfront Property? In general, condo's and townhomes on the Gulf side (directly facing the water or in a second building with less (or no) view cost in the $400,000 and up range - down significantly from a few years ago. If you opt for a unit on other side of the street on the Intracoastal waterway, you might find properties starting at $250,000. Can I Rent My Condo to Others? Typically yes, you can. Each complex has a minimum number of days you may lease it out. While some condo's rent more than others depending on price and location, make sure you don't overestimate the amount of money you will bring in from rentals. There are some factors to consider:
Should I Invest in Waterfront Property? Waterfront has historically been a good investment - especially now that prices are adjusting downward from the peak. Will they drop lower? Maybe. But waterfront has always come back over the years. And don't we all wish we had held onto that condo that we bought for $70,000 15 years ago? While the income from rentals provide cash flow, you may find that the real payback comes from the increasing price of the property when it comes time to sell. It is still almost impossible to get a positive cash flow on waterfront. |
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