Investing in Real Estate on Anna Maria Island

Like many lovely aspirational areas in the United States, Anna Maria Island offers exceptional lifestyle opportunities for its full time or slightly part time residents partnered with beautiful resort style vacation properties for those looking to escape to an island paradise. Located where the Gulf of Mexico and Tampa Bay join, residents enjoy the sandy beaches along Bean Point south to Coquina and the easy launch of boats from the Bay side into the intercoastal waters. Years ago, leaders on the island joined with the residents to preserve the small community feel of AMI and restricted the building height of structures. As a result, this island has not developed into an island of tall condominium buildings and has retained its charm and relaxed, neighborhood feel. AMI real estate is worth consideration for second homes as well as investment properties.

In the most recent real estate heyday, properties moved very quickly and the average home sales price accelerated past many residents’ wildest dreams. While the market is not as intense as it was in 2020 and 2021, Anna Maria real estate still commands top dollar.

When making the decision to invest or purchase on Anna Maria, keep in mind:

Longer market times are common with homes in resort or vacation areas. Buyers in the market are taking more time to decide and tend to take their time unless the home meets all their requirements. If the home is popular with short term visitors to the island, the home will typically have limited access and that can increase market times.

Homes on Anna Maria Island that sell at 100% of list price are recently updated and tend to be lighter and brighter in appearance. Today’s buyer gravitates towards the blend of natural materials in a bright environment and will pay top dollar for well-appointed homes. If you are considering purchasing a home and want to update the property yourself, focus on updates that are primarily cosmetic.

Stay focused on your investment goals. The market is beginning to move much quicker on Anna Maria Island. When markets speed up it is easy to get caught up in the faster pace. Keep your financial goals in mind and work with a real estate professional who will guide you through the questions that come up as you settle on the home of your dreams.  Contact Hannah today for more information on investing in Anna Maria Island, Sarasota or barrier island properties. She can be reached at 941-744-7358 or HannahHillyard.com