Buying a Florida Beach Home: 3 Important Things You Need To Know

Dated: June 14 2021

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Buying a Florida Beach Home

Have you always dreamed of having your very own Florida beach home? If so, you're not alone! In fact, many homeowners are making their dream a reality. According to the Space Coast MLS, closed home sales for Brevard county increased 22.7% in February 2021, compared to the previous year. 

Buying property on Florida's Space Coast can bring an excellent return on investment. Not only do properties on the Florida coast provide a beautiful retreat to live, work, and play, but house prices in Brevard County are also consistently rising. In addition, a beach house owner in Florida can create a potentially lucrative income stream by renting their home out during the winter months, when residents from colder states are looking for a sunshine vacation! 

Are you thinking about buying your own slice of Floridian heaven? Here are three important things you need to know about buying a Brevard beach home. 

What Is the Average Home Value In Brevard County?

According to, the average home value in Brevard County is $260,690. This is an increase of 12.2% over the past year alone! Beach properties tend to be pricier than similar homes located inland — this makes sense, as there is a limited amount of coastal real estate!  If you want to be close to the coast but don't mind a short drive to the beach, buying property a little bit further inland can offer you the best of both worlds.

How Much Is Beachfront Property Insurance? 

There is no getting away from the fact that homeowner's insurance on a beach house tends to be more expensive than the coverage for a home not on the coast. This cost difference is primarily because of mandatory flood insurance. Like all of Florida, the east coast experiences hurricane weather conditions, which has caused insurance charges to rise over the years. 

If you're thinking about purchasing a home on the Brevard coast, you should also take into consideration the cost of flood insurance. It's important to note that homeowner's and renter's insurance policies don't cover flooding. However, you can purchase a flood-specific policy through the National Flood Insurance Program (NFIP) or a private insurer. According to Value Penguin, the average cost of flood in Florida is $592 per year; however, this will vary significantly depending on factors such as where your home is located. 

Do You Want a Vacation Home or a Permanent Residence?

The difference between a vacation home and a permanent residence isn't only in the usage. There are also significant differences in the financing options and ability to generate a stream of income. For example, mortgages on second homes tend to carry higher interest rates than primary homes. Of course, you also have the option of renting out your vacation beach homes to help offset your expenses. Before you consider writing an offer for a vacation home, be sure to check the local ordinances to confirm that short-term rentals are allowed. 

If you're purchasing a beach home as your primary residence, it's essential that the location meets your lifestyle needs and expectations. If you're relocating to Florida's Space Coast and aren't familiar with the area, working with an experienced real estate agent could save you a lot of time and stress! Not only are professional real estate agents knowledgeable about the local market, but they can also help guide you during the sales process to ensure a smooth and successful transaction.

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