Today, more homeowners are getting into luxury real estate investment. Across Florida, luxury real estate prices are skyrocketing, and demand has never been higher, making now a great time to invest in a luxury home. Of the many distinct, upscale communities in Florida, none come with the opportunities found on Anna Maria Island
Filled with quaint coastal neighborhoods, Anna Maria Island boasts some of the best high-end accommodations in the Tampa Bay area. Plus, with unparalleled access to the ocean, abundant natural spaces, and endless amenities, it is no surprise that Anna Maria Island is quickly becoming one of the most desirable areas for luxury real estate investors in the state. With an idyllic location, robust real estate market, and unprecedented demand, there are numerous benefits to investing in Anna Maria Island real estate.
One of the big draws of luxury real estate is the amenities in the area. You want the location to match the upscale property you are purchasing. In addition to its extensive selection of luxury real estate, Anna Maria Island is also a high-end paradise for shoppers and diners. Some of the best fine dining institutions south of Tampa Bay can be found in and around Anna Maria Island. Opulent world-class eateries like the sophisticated stop Beach Bistro and the cottage-chic Euphemia Haye Restaurant and The Haye Loft give homeowners on Anna Maria Island one-of-a-kind places to dine within driving distance.
The ideal location
Anna Maria Island’s ideal location puts luxury real estate investors next to one of the most popular destinations in Florida. Located just off the coast of Tampa Bay, this barrier island community is home to several distinct luxury neighborhoods and an eclectic selection of reasons to call the area home. Anna Maria Island is perfectly located just an hour between both Sarasota and Tampa, putting some of the most vibrant cities on Florida’s west coast within driving distance.
Anna Maria Island locals are in the perfect spot to commute to work or head over to a big city for a night out. However, the island itself is offset enough from the coast to escape the city noise, transforming the area into a quiet oasis retreat for residents to come home to. Homeowners on Anna Maria Island get to enjoy quintessential coastal living and city access without sacrificing serenity, making the area one of the most sought-after in the state.
Anna Maria Island is famous in Florida for its stunning natural beauty. Instead of transforming the island into a concrete jungle, developers were careful to leave alcoves of pristine natural beauty. Today, the island is speckled with sprawling green parks and natural spaces allowing residents to reconnect with nature.
Some of the best white sand beaches on the Gulf of Mexico are located on Anna Maria Island’s shores, including Bean Point Beach to the north and Coquina Beach to the south. Real estate investors on Anna Maria Island get the ideal backdrop behind their luxury homes. Just two miles across at its widest point, homeowners have unparalleled views of the ocean. Even if your high-end property is at the center of Anna Maria Island, the cool turquoise waters of the Gulf of Mexico are never far away.
Booming real estate market
If you are buying a luxury investment property with the hopes of seeing a substantial return in the future, you need to settle in an area with a robust real estate market. Anna Maria Island is home to one of the strongest real estate markets in Florida. This small island community attracts buyers from across the country. This demand, coupled with the limited housing supply on the island, is a recipe for driving home prices up for years.
Since 2021, home prices on Anna Maria Island have been increasing rapidly. For instance, in the city of Anna Maria, home prices
are expected to increase by over 13 percent in the next five years. That means investors buying a property on Anna Maria Island can expect to ride the high of the area’s growing real estate market for years to come.
Every year more people are moving to Anna Maria Island. Anna Maria Island is seeing about a one-and-a-half percent increase in population
each year. This is leading to fierce competition among home buyers that is driving up the cost of homes and making them move quickly off the market. The growing popularity of the island means homeowners can expect more buyers to set their sights on the area in the years to come, continuing to drive a hot real estate market. By purchasing a luxury home in a highly sought-after area, you can rest assured that there will be the perfect buyer looking to pay more when the time comes to sell, ensuring you a larger return on investment.
Favorable tax laws
Not all states have tax laws that are well-suited to real estate investors. Florida, however, is just one of seven states that do not have a state income tax. For luxury homeowners, this means more freedom to profit off of their property without having to split gains with the government. No state income tax allows you to have more money at the end of the year from your real estate investment. For instance, if you decide to rent out your home or sell it, you will not have to pay a state income tax on the proceeds, so you will have more money kept in your pocket.
Abundant rental opportunities
Investing in real estate on Anna Maria Island does not mean you have to live there full-time. Today many real estate investors are opting to rent out their luxury homes and are reaping the benefits. For those looking to purchase an upscale home to rent, Anna Maria Island is the ideal location. Because Anna Maria Island is located in one of Florida's premier vacation destinations, you make extra income by renting your luxury home either as a long-term rental or vacation home. Each year, millions of vacationers come to the Tampa Bay area, and with vacation home rentals increasing in popularity, homeowners can get a substantial return on investment by renting out a home on Anna Maria Island.
Invest in Anna Maria with the help of a local realtor
*Header photo courtesy of Hannah Hillyard