1. Overview of Navarre Beach
Navarre Beach is a hidden gem on Florida’s Emerald Coast, recognized for its tranquil environment, beautiful beaches, and affordability as a vacation home destination.
2. Why Choose Navarre Beach?
Navarre Beach, a picturesque town with around 1,500 residents, has been named one of the best spots to invest in a beach vacation rental. The median home sale price in this area is approximately $382,392. Moreover, homeowners can expect around $43,200 in annual rental income, boasting a cap rate of 6.6 percent.
3. The Allure of Navarre Beach
The serene coastal town is known for its pristine white sandy beaches and emerald waters. It offers a peaceful atmosphere compared to busier Florida beach destinations. As Leda Broxson from Scenic Sotheby’s International Realty notes, Navarre Beach presents an excellent value for those seeking a beach house.
4. Historical Significance
Founded in the 17th century by Spanish explorers, Navarre maintains its charm and tranquility while being in close proximity to popular areas like Destin. Visitors discover a serene hideaway with miles of untouched beachfront that’s perfect for relaxation.
5. Outdoor Activities
Navarre Beach is a paradise for outdoor enthusiasts, featuring:
- Water adventures like snorkeling and scuba diving
- Bird-watching and beachcombing
- The longest fishing pier in Florida, attracting anglers looking for various fish species
6. Growing Popularity
Despite its previous status as a lesser-known destination, Navarre Beach has seen a significant increase in tourism, with Santa Rosa County’s bed tax revenue doubling since 2016.
7. Navigating the Real Estate Market
Finding the perfect property in Navarre Beach involves working with a local real estate agent and keeping several critical factors in mind:
- Consider the cost of insurance due to potential flooding and hurricanes.
- Account for annual repair and maintenance costs associated with beach homes.
- Understand the local millage rate to estimate property taxes.
8. Property Options
Navarre Beach offers gorgeous Gulf-front homes, with many features such as private pools and spacious living areas. Current prices for waterfront residences average around $1,263 per foot, while off-beach homes are priced at about $700 per foot. Boaters will appreciate the availability of waterfront homes with boat docks close to the Gulf.
9. Conclusion
Navarre Beach’s allure lies in its privacy, natural beauty, and affordable real estate options, making it an increasingly sought-after destination for both vacationers and real estate investors.
