Hidden Gems like Cape Hatteras, North Carolina, Ocean Shores, Washington and Dauphin Island, Alabama Rank as Top Three, Respectively
Vacasa, North America’s leading vacation rental management platform, has released its 2021 report outlining the Best Places to Buy a Beach House, just as we start to see signs of summer.
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Bella Vista, a Vacasa vacation rental in Dauphin Island, Alabama, one of the featured markets in this year's Best Places to Buy a Beach House report. (Photo: Business Wire)
The report, which calculates where potential owners can best maximize the return on their investment, shows the best places to buy a beach house aren’t just in popular destinations like Hawaii and the Carolinas, but in less expected places like Washington’s endless coastline, Michigan’s ocean-like lakefront and Alabama’s secluded network of islands. Apart from idyllic scenery and endless sundrenched activities, each destination was ranked based on highest cap rate, or annual rate of return on investment, along with median home sales and median annual gross rental revenue.
The demand for beach getaways is higher than ever this spring, according to Vacasa’s recent spring travel trends report, which revealed that 57 percent of guests were planning a trip to the beach, and with a growing number U.S. consumers feeling hopeful (53 percent) and thankful (42 percent) when thinking about travel this year.
“Our report shows that these destinations aren’t just a good investment by the numbers, but also speak to travelers’ renewed desire to stay in homes that feel like true escapes into nature, far and away from the hustle of your more popular beach towns,” said Shaun Greer, VP of Sales and Marketing for Vacasa. “That demand, coupled with an overall shortage of vacation rentals this year, makes a unique investment opportunity for vacation homebuyers to get the best return on their rentals as we come into the busy summer months, particularly in these top ten markets.”
Vacasa’s Best Places to Buy a Beach House 2021 Ranking:
1. |
Cape Hatteras, N.C. |
6. |
Kauai South, Hawaii |
2. |
Ocean Shores, Wash. |
7. |
Isles of Palms, S.C. |
3. |
Dauphin Island, Ala. |
8. |
Wailea, Hawaii |
4. |
New Buffalo, Mich. |
9. |
South Kohala, Hawaii |
5. |
Corolla, N.C. |
10. |
Bolivar Peninsula, Texas |
For the full report that includes key insights into the top destinations, please visit: https://www.vacasa.com/top-markets/2021-best-place-to-buy-a-beach-house.
For more information or for help locating the perfect vacation home, visit www.vacasa.com/real-estate.
About Vacasa
Whether travelers are looking to book a weekend getaway or the trip of a lifetime, Vacasa is the trusted partner for all things vacation rental. Vacasa homeowners enjoy industry-leading financial returns on their vacation homes, delivered by the company’s unmatched technology platform that adjusts rates in real time and ensures revenue is always maximized. Guests can relax comfortably in one of Vacasa’s professionally managed homes across North America, knowing that 24/7 customer care is just a phone call away. In the past 11 years, Vacasa and its licensed subsidiaries have grown to become North America’s leading vacation rental management platform and employs approximately 6,500 people who are passionate about providing best-in-class service to homeowners, guests, real estate investors and partners. For more information, visit https://www.vacasa.com/press.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210427005440/en/
Contacts
Vacasa
Tracy Pogrelis
tracy.pogrelis@vacasa.com