Good news for buyers shopping for your dream home or condo in South Florida: You’ll have your choice of breath-taking properties in primo locations, but you won’t have to spend millions to have that coveted waterfront view.
Most premier waterfront properties are in Palm Beach, Jupiter, Delray Beach, Highland Beach, and Boca Raton, according to Lang Realty. But as Lang points out, you can also explore condominiums and homes that feature beachfront, Intracoastal Waterway, inlet or canal vistas, and communities with homes and lots on beautiful man-made lakes.
What to know before buying waterfront property
Make certain your real estate professional is experienced and has the expertise in buying and selling waterfront properties that all Lang agents do: Waterfront properties for sale
Things to consider when buying waterfront property
Whether or not you’ll need a dock or marina slip and associated costs
If you’re buying a property in a homeowners or condo association, what your monthly fee covers and what you’re allowed to do
What that city or county allows for improvements and if you’ll need a permit
If you’re buying property on a canal, how much of your back yard is yours, according to Lake Worth Drainage District that controls all canals.
Property insurance is usually higher on waterfront properties
Whether or not you’re in an evacuation zone and/or a flood zone in Palm Beach County.
Is waterfront property a good investment?
That’s a question for your Lang real estate agent when you do your due diligence. But the answer is yes. In South Florida, a waterfront view is always considered highly desirable, so those properties are in demand, usually sell quickly and property values are highest.
