SC Sea Islands Investor Hot Spot
The South Carolina Sea Islands are a great place to own real estate. This is thanks in great part to the laundry list of activity the area offers and the tourism that follows. With so much to do pack onto some of the most relaxing barrier islands in the country, vacationers and residents alike will be hard pressed to run out of things to, do day or night.
The subtropical climate off the South Carolina lowlands is conducive to outdoor activity year round. In particular, Fripp Island- among the southernmost South Carolina Sea Islands- has a versatile list of options to partake in no matter what time of year. Averaging no colder than sixty degrees during the ‘cold’ months, any time of year is beautiful outdoors.
Offering vacationers’ access to the choice of two golf courses, 10 tennis courts and a total of six pools, this tiny, 3,000 acre Barrier Island is quite accommodating. And for those who like to slow the pace down and take it all in, there is some great bird and nature watching on the 3 ½ mile stretch of wildlife beach sanctuary. Companies also offer various salt and fresh water fishing charters.
And with about hundreds of rental units, Fripp Island is not only a vacationer’s playground, but also can be an investor’s potential golden egg. Not only is South Carolina real estate among the least volatile in the nation, the area around Fripp Island has witnessed the largest increases in the entire state throughout the 2nd and 3rd quarters of 2014, with nearly 14% average returns.
Income (or investment) property is among the most passive ways to generate return on real estate investment. Renting out a unit allows you to more quickly payoff your lien to increase your net worth. And there is little else an investor could ask for than income property in tourist destinations to maximize occupancy.