Melbourne Beach Market Trends
From soaking up the sun and building sand-castles to diving into the ocean and experimenting with water sports, there’s no shortage of fun things you can do on the beach. One of the best ways to take advantage of the beautiful summer weather is by getting a beach home. Having a second residence located right by the water ensures that you get the most out of your vacation days. Of course, when selecting a beach home, you want to make sure that it’s both a practical investment and in a great location—and Melbourne Beach homes fit the bill.
Located by the Indian River Lagoon, Melbourne Beach offers an assortment of beautiful beaches where visitors can stroll, swim and snorkel throughout the day. The prime location and endless activities have contributed to the high value of Melbourne beach homes. Since 2000, the total appreciation rate for homes in this area has increased by 153.58%, which equals an annual appreciation rate of approximately 4.53%. This means that the longer you own a residence in Melbourne Beach the more value it accumulates, which helps buyers earn back their investments. These market trends play a role in the high rate of homeownership in the region—85% of Melbourne Beach residents own homes, while just 15% rent them. Of course, Melbourne Beach wouldn’t be a great real estate investment if it didn’t provide a positive lifestyle.
Fun Things To Do In Melbourne Beach
There’s a reason why Melbourne Beach, Florida, is a hidden gem in the real estate market. Thanks to the array of beaches, parks and art galleries, there’s never a shortage of things to do. A popular attraction amongst locals is Melbourne Beach Pier, which provides stunning sunset views, beautiful sea-green waves and long piers that are perfect for fishing. Another great beach spot is Ryckman Park. In addition to beaches and docks, this location offers a number of playgrounds that are great for families with young children. Finally, many visitors enjoy the Maritime Hammock Sanctuary, which houses hiking trails, greenery and wonderful views.
If you’re looking for a break from the beach, don’t worry—Melbourne has you covered. Just outside of the Melbourne Beach area is the Foosaner Art Museum, which specializes in ancient artifacts. Another popular indoor spot is Barrier Island Center, an informative, complimentary animal sanctuary that houses sea turtles. No matter the weather, you can always find something to do in Melbourne Beach.
About David Curri
Whether you’re looking to buy some prime real estate in Melbourne Beach or sell your home for a higher price, Curri Kirschner is here to help. Since 2001, David Curri has assisted homeowners across Florida with all of their real estate needs. His personal knowledge of the region, experience with the housing market and commitment to customer satisfaction have contributed to his success in the field. Learn more about Curri Kirschner by contacting us today!