When it comes to investing in real estate near the beach, there are various factors to consider. The allure of beachfront properties is undeniable, but recent regulations in places like Long Beach San Vicente have posed challenges for potential buyers. So, the question arises: should you invest in a beachfront property despite the limitations or opt for a commercial lot near the beach? Let’s explore the pros and cons of each option to help you make an informed decision.
Beachfront Properties: Embracing Challenges for a Relaxing Paradise
Pros:
- Future-Proof Investment: The setback regulations, such as the 50-meter distance from the high tide point, ensure that your investment accounts for the impacts of climate change. While it might limit your options, it’s a proactive approach to sustainable development.
- Exclusive Atmosphere: Despite the proposed bike lane, beachfront properties can create an exclusive ambiance for guests. Foot traffic can enhance the charm of your resort, making it a sought-after destination for relaxation.
Cons:
- Limited Buildable Space: The setback regulations restrict permanent structures, allowing only movable, non-permanent improvements in the initial 50 meters. For small properties, this limitation can significantly impact the development potential, delaying the return on investment.
- Delayed ROI: With restrictions on fixed improvements until 100 meters from the high tide point, small beachfront properties might require a considerable waiting period to see substantial returns. Even with the ideal location, profitability could be delayed.
Commercial Lots Near the Beach: Maximizing Potential and Flexibility
Pros:
- Cost-Effective: Commercial lots near the beach are often more affordable than beachfront properties. This affordability allows investors to acquire larger areas, providing ample space for development and creative endeavors.
- More Developable Space: Unlike beachfront properties, commercial lots have fewer restrictions, enabling investors to create diverse amenities, larger resorts, or spacious restaurants without being confined by setback regulations.
- Flexibility and Creativity: Buyers have the freedom to design and develop the space according to their vision. Whether it’s a vibrant resort, a charming café, or an entertainment hub, commercial lots offer the flexibility needed for creative ventures.
Cons:
- Limited Exclusive Beach Access: While these lots are near the beach, they might lack the exclusivity of beachfront properties. However, strategic planning and innovative designs can mitigate this drawback, ensuring a delightful experience for guests.
Making the Right Choice: Consider Your Vision and Resources
Choosing between a beachfront property and a commercial lot near the beach ultimately depends on your vision, budget, and patience. Beachfront properties offer a unique appeal and exclusivity, but the regulations might test your patience and financial planning. On the other hand, commercial lots provide flexibility, larger development areas, and quicker returns on investment.
Final Advice:
- Evaluate Your Budget: Determine how much you can invest and assess the long-term financial implications of each option.
- Consider Your Vision: Envision the type of establishment you want to create. If exclusivity is key, explore innovative designs for commercial lots to offer a unique guest experience.
- Consult Local Experts: Seek advice from local real estate experts who understand the regulations and can guide you toward the best decision based on your goals.
Both beachfront properties and commercial lots near the beach have their merits. It’s essential to weigh the pros and cons carefully, align your choice with your vision, and plan for the future. By doing so, you can embark on a successful real estate venture that not only meets your goals but also delights your guests, creating memorable experiences by the beach.