On the waterfront [South Florida]
There’s something about living on the water — whether it’s the ocean, Intracoastal, or even a manmade lake — that soothes the soul, inspires active, outdoor living … and helps to fill our wallets. Purchasing waterfront property will almost always yield a positive return on your investment, since there is precious little of it to go around, even in Florida, and so many people want to live on or near anything that even remotely ripples.
Like all real estate, waterfront property has taken a dip (excuse the pun!) — but not nearly as much as other types — and it is certain to rebound stronger than ever as soon as the market recovers.
Before you take the plunge (okay, that’s the last one!), there are definitely some key factors to consider.