Never been, heard good things. Vacation rental potential?

There are plenty to rent.

But any on market deals to purchase will be at premium. Good luck

My son had a baseball tournament there a few months back and it was an awesome place. With that said, the roads don't accommodate the crowds and it can take 30 minutes to move a mile. I personally was over the traffic and probably would never voluntarily return.

Just bought a property that I'm renting out there on Miramar beach. We'd been there for vacation the last two summers and fell in love with it, though the traffic misery is spot on. As a rental owner that traffic is actually a good problem to have, but if you're going to vacation there you have to be ready to chill and wait.

The numbers on my place work for it to pay for itself and then some in year one, but there's no doubt I paid a premium over 2020 prices. If the market tanks and I had to sell it would suck, but I just don't see being in a position where I'd have to sell at a low point due to the current rental income. For me I had some extra cash I needed to put into some hard equity rather than the market at historic highs. I have a strong belief inflation is here to stay for the foreseeable future and buying with today's dollars at a 3.25 interest rate is going to seem cheap when paying that loan with tomorrow's dollars. I'll let you know if I win or lose!

Folks bought in Miramar Beach in 2013 and sold this fall.

Great market in Destin area for a vacation home / rental that pays for itself. People who bought 5+ years ago are making profit as the rental prices are coming up to support the purchasing prices but they typically lag behind.

Lots of money to be made right after the next bubble pops. Lots of people end up leveraging the new values and foreclose.

Hwy 98 is being expanded to support traffic better, construction has been ongoing for years. If you own rent all summer and do a fall trip in October. Weather and water is perfect, enjoy the Rodeo festivities, place isn't over crowded.