Here, investors will find a real estate gold mine of sorts. Because land comes at a premium and new building codes have been enacted, owning property here is a sound investment. It’s not only prime real estate, it’s a prime destination for hundreds of thousands of tourists every year.
Location and Weather Equals a Great ROI
When it comes to real estate investments, there’s no better option than Islamorada. The old cliche location, location, location is a fact when it comes to the real property market and here, it’s especially lucrative because it’s not only in a great location, but for these reasons:
● High demand, no off seasons. With hundreds of thousands of visitors each and every year, there’s always income flowing in from Islamorada real estate. In other markets, three to six months of vacancy are an unfortunate fact, but not here.
● Great appreciate rates. Because there’s no more land on which to build, homes appreciate at a fast clip in the village.
● Tax savings. There are certain deductions, write-offs, and credits to be had when owning an investment property. Couple that will low real estate taxes and it’s a win-win.
● Added leverage. If you’re ever interested in purchasing another property, your Islamorada investment will go a long way in securing financing--it’
Being in a tropical climate, the weather in Islamorada is nearly perfect every day of the year. Over 3,400 hours of annual sunshine, along with a constant balmy breeze blowing in to and from the Atlantic to the Gulf of Mexico means plenty of time for outdoor recreation. That’s a huge draw, visitors flock to the village to walk along the miles of beach, fish in the open ocean, scuba dive the shipwrecks, play volleyball on the beach, picnic in the parks, run, hike, bike, camp and much more.