Jacksonville Beach Condos-a Solid Real Estate Investment
Jacksonville Beach condominiums remain some of the most highly sought after properties in the North Florida real estate market.
Available Jacksonville Beach condominiums range from new oceanfront condos with contemporary floor plans and amenities, to older condos on and off the ocean, presenting potential buyers with a wide variety of choices. New units have the advantage of being designed for current homebuyer trends, and storm resistant construction.
With the new Jacksonville Beach 35 foot building height restriction referendum recently enacted, owners of existing condominiums in mid-rise buildings on and off the beach should see increasing property values as the current construction cranes come down, the inventory of new units that are available dries up, and the impact of the height restriction stops competition from coming in the form of new projects. Jacksonville Beach real estate that would have previously been developed as mid-rise condominiums will most likely now be relegated to town home development as the highest and best use of the property.
This should make purchasing an ocean view Jacksonville Beach condo in one of the projects currently being completed a solid real estate investment. In addition to the positive impact of the height restriction on property values, Jacksonville Beach has the classic “location, location, location&rdqou; top three real estate rules going for it. Outstanding beaches, an active arts community, great nightlife, shopping and dining choices all combine to make Jacksonville Beach a great place to live.
The Florida lifestyle has been attracting buyers to Jacksonville Beach condos as primary residences, investment properties, vacation homes and 1031 tax-free exchanges. Primary residents find proximity to the greater Jacksonville area and the Jacksonville International airport. Second homeowners and vacation homeowners get a great beach location away from the congested bustle of other Florida oceanfront destinations. The attractions of Orlando are just a short drive away, and the area is home to some of Florida’s best golf courses.
The Atlantic Ocean is not the only water available from your Jacksonville Beach condominium. To the West, Jacksonville Beach is bordered by the pristine Intracoastal Waterway with marinas, great fishing and an assortment of Florida wildlife. To the North, past the beach communities of Neptune Beach and Atlantic Beach The St Johns River connects the Atlantic Ocean and the Intracoastal Waterway to downtown Jacksonville. The abundant water access has historically made Jacksonville Beach real estate a solid investment, and as waterfront property becomes more and more scarce, this trend will continue.
Whether you intend to be a full time resident, vacation visitor or are investing for the future, Jacksonville Beach condos are worth a serious look