Revenue Potential for a 30A Condo Rental
For those who have dreamed of owning a vacation rental off popular Scenic Highway 30A will want to weigh the option of selecting a master-planned community such as Seaside with a quiet neighborhood such as Grayton or Blue Mountain Beach. Those who opt for the latter may want to consider Sanctuary at Redfish in Blue Mountain Beach or San Remo in Santa Rosa Beach. Sanctuary at Redfish is a luxury condominium resort located on approximately 14-acres overlooking one of South Walton's rare coastal dune lakes and features four separate pools, two Jacuzzis, a large fire pit, two outside grills, and private pool cabanas. With three and four-bedroom units rental projections vary greatly. For example, a top-producing 3-bedroom, first-floor unit grossed $51,294 in 2022, and is projected to gross $39,280 in 2023. (Note: Be sure to review all HOA rules before making a purchase. At Sanctuary at Redfish, HOA rules require a minimum of 4-night stays--greatly impacting income by not allowing weekend rentals.) At San Remo, a gated, condominium resort near Gulf Place, the top-producing 3-bedroom condo earned $67,308 while the top-producing two-bedroom earned $61,024 in 2022. In 2023, the three-bedroom is projected to earn $63,505 and the two-bedroom is projected to generate $60,859.