Thanks to the current economic condition, more and more people are purchasing Florida real estate in luxury markets. Although home prices have been on the rise for the past few years, they are still relatively low, which has made luxury home ownership an option for a greater number of people. Many of the potential homebuyers who can afford homes in this price range are choosing to purchase luxury vacation homes. Owning a vacation home can offer plenty of benefits, including the ability to customize your future vacations in a location of your choosing.
Purchasing a high-end vacation home also gives you the ability to earn rental income, especially if your property is in a desirable area. With its miles of properties along the Gulf Coast, Florida real estate is particularly sought-after and features plenty of high-end vacation homes. The following three areas that known for their prestige and luxury are excellent options for potential homebuyers looking to purchase multi-million dollar homes in Florida.