The case
A gated deepwater-access community with high-end dining and marina amenities, drawing affluent seasonal and long-term tenants - a premium, resilient waterfront address.
Premium pricing, elevated flood/wind insurance, and HOA fees; the high-end segment has softened most in the correction. Verify the FEMA zone and insurance before underwriting. As of January 2026, Citizens now requires flood insurance for wind coverage on homes insured at $400K+, and combined wind-plus-flood premiums can run $4,500-8,000+ a year - underwrite the full insurance cost, not just the mortgage.
Best for
Appreciation buyers who want a premium gated waterfront address and accept high coastal carrying costs.
Buy-box fit
2 entriesasset type
SFR
StrongPreferred buy box