Looking for the Perfect Pensacola Area Vacation Home, Second Home or Investment Property?
Vacation Real Estate in Pensacola, Perdido Key, And Navarre Beach has never been hotter!
Our tiny slice of the Gulf Coast is the perfect place for a savvy investor's Florida real estate play. All three areas, Pensacola Beach, Peridio Key and Navarre Beach, offer turnkey homes and condominium buildings packed with amenities and designed for maximum rental return. Most condos and some homes have pools and fitness facilities and many condos also boast onsite management. Additionally, single family homes built to take advantage of the Florida lifestyle and in a variety of styles and price ranges are available throughout the Northwest Florida Gulf Coast beach areas like Pensacola Beach, Perdido Key and Navarre Beach.
Our team of Northwest Florida Beach Realtors have sold homes on all the Pensacola area beaches and condominiums in every building and know the ins and outs of beach living. Here are some of the things our team of Pensacola Beach Realtors pride ourselves in helping you with:
- Providing Comparable Market Analyses
- Presenting Rental History Information for Cash Flow Projections
- Detailing Association Fees and Assessments
- Providing the Last Three Months of Homeowner Association Minutes
- Providing Second Home and Investment Home Financing Options
- Explanation of Property Taxes
- Negotiating the Contract
- Coordination from Contract to Close, Including Inspections and Title
1. Leasehold Property - Pensacola Beach and Navarre Beach are leasehold properties, not fee simple properties. This means that each property has a lease fee which is collected annually. In the case of condominiums, this lease fee is usually - but not always - part of the homeowner association (HOA) fees.
2. Florida condominium law specifies that a buyer purchasing a resale condominium has 3 days from the date they have received the condominium documents (Information on the building and the homeowner's association, rules and regulations, etc.) to rescind their offer. For new construction the time period is 15 days.
3. Is the building you plan to purchase in a rental building or a residential building, or is it both? Potential buyers are often surprised to learn that there are rental restrictions on some of the condominium buildings on our beaches. Not all Pensacola Beach, Navarre Beach and Perdido Key condominiums allow rentals and some that do allow rentals restrict the length of stay. For instance, it is not uncommon to have homeowner associations who will not allow rentals for less than a week, a month or even six months.
This is by no means an exhaustive list of things to know before purchasing on our Northwest Florida Beaches! We're happy to spend time with you and answer all your questions so that when the time is right for your purchase you feel like you have all the necessary information to make a truly informed decision.
Robin Sherman, REALTOR®
Grand Points Realty, Serving the Greater Pensacola Bay Area
Cell: 850.516.8185
www.PensacolaForYou.com