Coastal real estate holdings situated near a shoreline, often featuring amenities like proximity to the ocean, scenic views, and private beach access, represent a significant segment of the vacation and second-home market. For instance, a condominium overlooking the ocean with private beach access and nearby restaurants would fall under this category.
Owning such holdings offers numerous advantages, including potential rental income, long-term appreciation, and the lifestyle benefits of coastal living. Historically, coastal areas have been desirable locations, driving demand and shaping development patterns. The allure of waterfront living contributes to the perceived value and investment potential of these locations.