Is It a Good Time to Invest in Amelia Island?

by Lori Miko 07/19/2020

Image by pwemedia from Pixabay

Summer is the in-season on Amelia Island in Northeast Florida. But this popular vacation spot is enjoyable year-round, thanks to weather that ranges from mild to spectacular. A close-knit coastal community that's as charming as it is scenic holds the key to Amelia Island's reputation as a top-notch vacation spot. If you're thinking of investing in vacation property here, now is a good time to make the leap. Here's why:

The Allure of Amelia Island

Only 13 miles long and 4 miles wide, Amelia Island is a somewhat secluded sanctuary, especially during the off-seasons of spring, fall and winter. You can take the Intracoastal Highway to get there. You can also ferry across or arrive by air. This island is home to the popular Fernandina Beach, one of Florida's highest-ranked vacation spots. Famed for its world-class resorts, superior golfing, and downtown boutiques, Fernandina Beach also provides nature lovers with pristine natural areas and miles upon miles of premium beachfront access. In the off-season, the sandy shores of Fernandina are relaxingly sparse. 

Amelia Island's Housing Market

Rental properties on Amelia Island include bed & breakfasts, AirBNBs, and ocean-front condos, but there are still single-family homes available for buyers wishing to purchase a second vacation home. Prices are increasing, however, so if you're planning to buy, you may not want to wait. In 2017 the median cost of a single-family home on Amelia Island was $240K, according to Amelia Island Living eMagazine. Compare that with housing values for similar properties at the end of 2019, and you'll see a notable increase to $377K. Amelia Island, discreet though the location may be, has been discovered. Homebuyers wanting in should do so as soon as possible. 

Amelia Island as Investment Income

Owning a vacation home on this sparkling island is definitely worth the investment, as long as you buy in an area not governed by HOAs that prohibit year-round rentals. In December of 2019, beach rentals were running about $1,890 a month in Fernandina Beach. This is roughly $300 more per month than the national average, making Amelia Island a sound investment if you can find a property that's rentable and not too pricey. 

So, if you're including Amelia Island and all it has to offer in your recent home search, or if you're debating whether this area is a good investment, the answer is to come see for yourself. There's so much to see and do here, all year round, that it draws vacationers from January through December every year. Find a property that's right for you and take the plunge. Odds are good you'll never have a single regret. 

About the Author

Lori Miko

As a licensed real estate professional since 2001, my clients are my top priority. I enjoy working with buyers and sellers helping them reach their personal and financial real estate goals. My past clients include sellers, first time home buyers, move up buyers, investors, Veterans, renters, landlords.