Growth At South Walton Beaches In Florida

Over the past decade, the Florida Panhandle, especially between Destin and Panama City has seen some drastic growth as it gains in popularity as an alternative Florida vacation location. Along the nineteen mile road known as 30-A, small villages have been developed and created a great investment destination and vacation area. With the gulf having the fine white sand and the most tropical blue waters, this area has become one of the finest hidden vacation destinations in the country.

Government officials decided several years ago to allow the development of 30-A, but put tight restrictions on the developers. They wanted small villages with master plans that would not allow for over crowding that had occurred over the years in Destin and Panama City. There were restrictions on the number of Condominiums that were to be built and how many stories tall each could be. The villages were encouraged to have commercial properties such as eating establishments, shopping and others that would fulfill the needs of the people visiting.

Villages such as Rosemary Beach, Seacrest Beach, Alys Beach, were developed along the eastern part of 30-A, while Seaside, Santa Rosa, Blue Mountain, and WaterSound were developed to the west. These areas along with all the amenities they had to offer created a great investment opportunity for many.

Along the beaches on the Eastern part of 30-A, the properties being developed were many feet above sea level, which was encouraging to investors who worried about flooding. The properties being purchased strictly as an investment property could be rented out during the prime summer season, and also many of the month’s off-season too. This allows for an investor to rent the property out as much as possible while using it for personal use during the off-season.

Long distance travel to the Florida Panhandle could sometimes be a long process. It could take all day to reach your destination and many changes of flights. In November of 2007, Panama City broke ground on an International Airport, which should allow travelers easy access to this part of Florida. The airport is expected to be completed by 2010, and this should open this area to a wider market of tourism.

Investing in the Florida Panhandle seems to be a win/win situation with all it has to offer. With the unstable stock market, and low interest rates, you could own a piece of paradise and make money on it too!!!