In the past 5 years the real estate market has encountered a tremendous boom. No branch of real estate, however, has had more success than waterfront property. The waterfront is held in such high regard for one reason and one reason only, it’s rare. Unlike the Nebraska farmland or the California woods, there is a small amount of available coastline. People are dieing to get a piece of it and the property prices are skyrocketing due to it scarceness.

For example, in 1989 a new family was able to purchase a waterfront property in the wealthy suburbs of Fairfield County, CT for just over $750k. This property was about 1 quarter acre, direct, unobstructed beachfront, tall ceilings, 3 bedrooms, 3.5 baths. Minimal work was needed. 15 years later a renovation was started. After 2 years and $300k of construction the home was put on the market and sold 2 weeks later. The selling price: $4,000,000. Nearly 300% profit, netting just under $3million in gains.

Second example: A young couple moves to Miami Beach, FL a year ago. After searching for property they have narrowed it down to 2 choices. A large, lavish home just outside of Miami Beach or a much smaller but very well kept two bedroom waterfront condo in a large building. Once again this is direct waterfront, unobstructed. They decided to go with the condo and spent $550k. Very recently the condo was sold, they did no work on the unit nor did they upgrade anything. They received a high offer of $1.15 million. Over a 200% profit.

With finance rates at their current lows, NOW is the best time to get into the waterfront real-estate market. People always speak of a big real-estate crash, but with waterfront, you’ve invested in something secure, something that will always be there and will always be in demand.