Why is Everyone Moving to South Florida?

There’s a reason that 21.31 million people have chosen to live in South Florida. Due to its rising inventory of single-family houses, townhomes, boutique condominiums, and luxury waterfront homes for sale that offer less congested living conditions, Florida has proven particularly appealing to people looking to relocate. If you are looking for the ideal location for a waterfront home or investment property, Florida is an excellent choice for the following reasons.

Beautiful Weather Year-Round and Gorgeous Beaches

In Florida, the temperature rarely drops below 60 degrees with mild, comfortable winters. The summers are humid, but that’s what the beach is for! The numerous open-air retail malls, high-end culinary dining outlets, championship tennis courts, and immaculate golf courses also offer residents numerous leisure hotspots. Florida is a place where you rarely need to turn on the central heat or wear a coat. Down here, residents wear flip-flops and cut-off shorts in January!

Can you imagine walking out your front door and hearing the waves crashing against the coastline as you feel the warm sand against your bare feet? Living on the Florida coast is like experiencing your own slice of heaven. Then again, who wouldn’t enjoy watching the sunrise and set from the balcony of their waterfront home?

Retirement Opportunities

No place is more appropriate for new home purchasers as they approach the period in their lives when their children leave the nest than Florida. Florida’s beautiful environment and its friendly and polite Southern mentality epitomize why it’s a choice destination for retirees. However, the state’s beautiful environs aren’t the sole reason retirees continue to invest here. Florida’s economic potential and attractive lifestyle attract empty nesters and those with competitive financial portfolios.

A Bustling Economy

If you are interested in making money, Florida has a booming tourism industry with over 30.6 million visitors in the spring of 2020. From restaurants to hotels to tourist attractions, Florida draws both domestic and foreign visitors, which keeps the local economy booming.

Florida’s job growth continues to exceed many states, and the minimum wage is scheduled to increase, giving Florida residents no shortage of job opportunities. It makes perfect sense to move to a place where it’s relatively easy to earn a living.

Tax benefits are Florida’s most valuable asset. Three levels of personal income taxation exist in the United States: federal, state, and local. Only federal taxes are levied on personal income in Florida, alleviating a significant tax load. Individuals can optimize their discretionary income by combining a low-income tax environment with a low cost of living. This combination is a key component of Florida’s attractive formula. Its tax proposition makes Florida’s coastal communities even more appealing to prospective property buyers.

Strong Financial Center

With approximately 100 foreign banks and trade offices, Miami is the United States’ second biggest financial hub. The economy has included higher-paying wage businesses in technology, aviation, health, wealth management, private equity, and real estate. In addition, Miami is one of the top five cities globally for internet speed.

Entertainment, Golfing, and Boating

Florida boasts some of the most prestigious yacht and country clubs, with South Florida being a hot spot for golfers. If you enjoy heading out on the water, Florida offers both saltwater and freshwater activities and is an excellent place to go fishing.

Evening activities include dining at fine restaurants, sipping martinis, and enjoying the downtown nightlife. Of course, there are theme parks such as Disney World, Universal Studios, and Busch Gardens that usually offer discounts for Florida residents. If you have children, they’ll get to know Mickey Mouse very well.

In addition, Florida is home to sports teams such as the Miami Heat, Florida Panthers, Miami Dolphins, and Miami Marlins.

If you’re a real estate investor, developer, or relocating resident, Florida is an ideal place to purchase a waterfront home. Between the weather, beaches, economy, and activities, you won’t regret moving to Florida. Reach out to us today for help with finding luxury waterfront homes for sale.