Best Beach Vacation Rental Market in 2023?
My wife and I are looking to purchase a beach vacation property where we can take the kids once or twice per year and then rent most of the year. We are not tied to a particular coastal market, since we understand that certain areas have higher taxes/fees/regulations/hostility to STR/flood insurance/etc.
I put together a 'short list', but please feel free to propose markets not listed! We really do want the most bang for the buck, and we're happy to consider sleepy areas or 'up-and-coming' destinations. It's probably relevant to disclose we have only owned 2 inland properties and are NOT experts at this, but appreciate your guidance and knowledge sharing. :)
Potential Markets:
Gulf Shores, AL
Corolla, NC
Rockaway Beach, OR
Myrtle Beach, SC
Charleston, SC
Port Aransas, TX
Ocean Shores, WA
** I assume the California coastline is not cost-effective, I never see it on a list of recommended vacation rental.
** We love and have connections to Hilton Head Island, SC but know it is hostile to STRs.
** Slight bias against Florida due to anticipated stress and anxiety of watching a hurricane hit your vacation home annually, ha.