With reliably warm summer weather, and the 6th largest coastline in the United States, North Carolina is undoubtedly one of the best states in the country in which to invest in a beach house. The state is home to a number of towns that are incredibly popular during the summer with vacationers, attracting people from both North Carolina itself and elsewhere throughout the United States. Whether you want to invest in a property for yourself, or are looking to buy a property to rent out, here are the three best locations in the state to invest.
Located on 26-mile-long Topsail Island, Topsail Beach is a relatively small beach town. Featuring only 2000 homes and 700 permanent residents, all of this changes during the summer when around 10,000 vacationers a week arrive at the resort. Located close to the resort town of Surf City, many vacationers choose to stay here for a quieter break, whilst being close enough to drive into the larger towns when they wish to do so. And, along with Surf City and North Topsail Beach, the towns are home to a number of annual festivals and attractions.
The town advertises itself as a family friendly resort and high rise buildings are not permitted to be built on the island. Properties sell for around $500,000 with the weekly rental price coming in at just over $1000.
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Located at the top of the North Carolina coastline, Wrightsville Beach is one of the most unique beach towns in the state. The town experienced a number of devastating hurricanes in the 1990s, however it has since recovered and has become a hotspot for vacationers once again. A number of newly constructed beachfront properties are available to buy, and the number of properties being built has led to increased numbers of tourists visiting the town. During the main tourist season of March to October, the town expands to over 70,000 residents.
Due to the increased construction in the area, properties in Wrightsville Beach cost around $900,000. The weekly rental rates are around $1600, however, making it a good option for long term investors.
Located on the Southern Outer Banks, Emerald Isle is an extremely popular family vacation spot. The town receives over 50,000 visitors during the summer months who arrive for the annual events and festivals. The local government of Emerald Isle takes large strides in ensuring that the beauty of the island is retained, and this is likely one of the main reasons why it is such a popular spot with vacationers from around the country.
Property prices in Emerald Isle start at around $420,000 and the weekly rental price is around $1400. Taxes on the island are also lower than elsewhere in the state, making this a fantastic choice for investors.
Outer Banks real estate is becoming more popular year on year, so it’s a good idea to work with a real estate agent who is fully understanding of the area. Check out Carolina Designs Realty if you need more information.