Real estate is the most important investment people will make in their lifetime, and finding the right location for ROI is crucial. In today’s market it can be stressful trying to decide where you’ll get the most out of your dollar. Today we’ll go over why Pensacola is a great place to purchase real estate and how it will maximize your investment.
Pensacola Has It All
Whether you’re looking to live on the beach, in the city, or you want something more rural, Pensacola fits the bill.
Let’s go over some of the areas that attract people to Pensacola real estate and why.
Scenic Heights Pensacola
If you’re looking for waterfront views without the traffic on the beach, Scenic Heights is perfect! With rolling views of the bluffs on down to the bay, the neighborhoods in this area have waterfront picturesque scenery with only 9% of homes in flood zones, giving you all the perks of waterviews without the risks.
The area has a diverse mix of styles of homes, ranging from luxury multi-story houses, to laid-back condominiums. If you’re hunting for a rental property or a second home to escape the winters to, Scenic Heights is a great place to live.
East Hill Pensacola
East Hill is the perfect mix of charm and history. Situated just east of downtown Pensacola, this residential area is known for its tree-lined streets, historic homes, and a strong sense of community.
If you like artwork and fun places to hop in for a bite to eat, you’re going to love East Hill. Some of the best eateries in Pensacola are located in the heart of this area, and they all have their unique attitude. Pizza, authentic taco trucks, and fresh juice bars are among some of the top contenders.
East Hill is also renowned for its beautiful and well-preserved historic homes. The architecture styles range from Victorian, Craftsman, Colonial Revival, and Mediterranean Revival. Many of these homes were built in the early to mid-20th century, adding a timeless and classic feel to the neighborhood.
Downtown Pensacola
Downtown Pensacola has grown so much over the years, and there is always something fun to do on Palafox Street! Walking up and down the brick-lined streets with shops to your left and right is a treat for people of all ages. There are unique restaurants, art museums and shops, and boutiques galore.
As you walk South down Palafox Street, you can start to smell the salty air as you reach the Palafox Pier. As you reach the pier, you’ll be greeted by the historic statue of Don Tristan de Luna, a splash fountain, concessions, and historic markers that tell you all about Pensacola. It’s a great place to stroll, fish, and enjoy a cool breeze.
Numerous events go on in Downtown Pensacola, Florida. Every third Friday of the month, the city hosts Gallery Night. Gallery Night is an exciting non-profit dedicated to inspiring culture and art in the area. It’s a great excuse to get together, shop for local artwork, and have a cold drink while you take in the nightlife. There are also a ton of arts and crafts festivals to enjoy year-round. The Great Gulf Coast Arts Festival is a must, with some of the area’s finest artists and the best foods to enjoy!
Pensacola Beach
Pensacola Beach is one of the most beautiful beaches in the world. With sugar white sands and turquoise clear water, it’s truly breathtaking. Located on Santa Rosa Island in Florida, it’s a pristine and popular destination known for its vibrant atmosphere and range of recreational activities.
Kayaking and paddleboarding are perfect for calm days on the Gulf, and if you’re feeling adventurous, try catching a wave on a surfboard! Our surf is short and sweet, so a fun way to hop in and get a taste without all the hassle.
Pensacola Beach is also home to some world-class fishing. You can fish right from the shore or charter a boat to take you to some great locations. Inshore you can catch fish like Redfish and Pompano. If you’re lucky, you can catch Kingfish, small Mahi Mahi, and Cobia right from the Pensacola Beach pier!
Perdido Key
Hidden in Pensacola is a lesser-known gem, Perdido Key. Situated on the Western tip of Florida’s Panhandle, Perdido Key is a picturesque barrier island known for its pristine beaches, natural beauty, and relaxed coastal atmosphere.
Perdido Key is renowned for its uncrowded and unspoiled beaches, offering visitors a serene escape. The soft, white sand stretches for miles along the Gulf of Mexico, providing a tranquil setting for sunbathing, beachcombing, and water activities.
The golfing in Perdido Key is top-notch. Golf enthusiasts can enjoy a round of golf at one of the nearby golf courses like Lost Key Golf Club, which offers a challenging course surrounded by natural beauty. Take in the serenity and relax as you shoot for that hole-in-one!
What’s the Real Estate Market like in Pensacola?
As of November 2023, the median listing home price in Pensacola, FL, was $320K, flat year-over-year, one of the most affordable coastal areas to purchase real estate in the United States.
Rental properties are a great investment, so if you’re thinking about purchasing for long-term or vacation rentals, Pensacola is a perfect location. Not to mention interest rates are on the decline, so now is the time to buy! If you want to maximize your investment, you need to find trustworthy and reliable real estate professionals to ensure the best transaction possible.
Do I Really Need a Real Estate Agent to Help Me Purchase an Investment Property?
A real estate agent can be a valuable ally when purchasing an investment property for several reasons.
Market Knowledge: Real estate agents have a deep understanding of the local market. They can provide insights into neighborhood trends, property values, and potential growth areas. This knowledge is crucial for making informed decisions about where to invest based on factors like market demand, rental income potential, and property appreciation.
Access to Listings: Real estate agents have access to a wide range of property listings through Multiple Listing Services (MLS). This gives them the ability to identify investment opportunities that may not be readily available to the general public. They can also streamline the search process by matching your criteria with suitable properties.
Negotiation Skills: Negotiating the best deal is a critical aspect of real estate investment. Real estate agents are skilled negotiators who can advocate on your behalf, helping you secure favorable terms and potentially lower the purchase price. Their experience in navigating negotiations can be invaluable in ensuring a successful transaction.
Network of Professionals: Real estate agents typically have a network of professionals, including mortgage brokers, inspectors, and contractors. This network can be beneficial when assembling the team needed for a successful real estate investment. Agents can recommend reliable and experienced professionals, saving you time and effort in finding reputable service providers.
Transactional Expertise: Real estate transactions involve a complex set of contractual obligations. A real estate agent can guide you through the paperwork, ensuring that all documents are completed accurately and in compliance with state regulations. This helps protect your interests and ensures a smooth closing process.
Market Trends and Analysis: Real estate agents stay informed about market trends and can provide you with data and analysis to help you make informed investment decisions. Whether it’s understanding rental yield potential or predicting future property value appreciation, their insights can assist you in developing a sound investment strategy.
Property Evaluation: Real estate agents can assist in evaluating the potential of a property as an investment. They can provide information on comparable sales, property condition, and potential renovation costs. This information is crucial for assessing the investment’s profitability and aligning it with your financial goals.
Time and Efficiency: Searching for, evaluating, and purchasing an investment property can be time-consuming. Real estate agents can streamline the process, saving you time and effort. Their expertise allows for efficient property searches, quick identification of investment opportunities, and a smoother overall transaction.
Pointe South specializes in the Pensacola area and can help you negotiate the best price possible for your new investment property. Whether you’re a first time buyer or a seasoned investor, we know the ins and outs to get the best deal. Contact us today to start your real estate quest with the Gulf Coast experts!
