When it comes to finding the perfect family getaway home or investment home in Florida, Sanibel Island should come pretty close to the top of the list. Even during the recession, the mass appeal of Sanibel Island has kept its foreclosure rate low and its market prices relatively high. Purchasing a home on Sanibel Island means not only owning a beautiful piece of real estate, but also means making a very safe financial investment.
There are scores of breathtaking properties on Sanibel Island. There are seaside condos and homes with spectacular views; homes that can see both the sunrise and the sunset; specially designed cottages that look like no other; and enormous mansions positioned right next to golf courses. The list goes on and on.
Around the island are all kinds of water activities that Florida is famous for. Fishing is a popular pastime for teenagers, seniors and everyone in between. Sailing is another common hobby. Of course, many other water sports like jet skiing, water skiing, parasailing and more are popular as well.
The median price of a piece of real estate on Sanibel Island is around $550,000. There are, of course, many homes that sell above that price tag, particularly when you’re looking at luxury properties.
Here are a few tips to make your Sanibel Island purchase as easy and as financially sound as possible.
Checking the Location
If you plan on using your Sanibel property as a vacation home and renting it out much of the year, you need to keep your renters in mind. You personally might enjoy a vacation home situated in the middle of nowhere with just you and the beach. But most renters won’t be looking for that. Buy a property that’s near central locations, near beach activities and near shopping districts.
It’s Okay To Live Far Away
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