PORT ARANSAS, Texas - Are Americans ready to move money from Wall Street to Main Street? We're seeing some signs that investors are looking to diversify and move money away from the volatile equity markets. I've had several client conversations along those lines in recent days. In the coming days we will be rolling out information on how to purchase and own real estate within a retirement account. This approach can provide an additional option for real estate investment.
Real estate is by no means a sure bet. However, as the baby boomer generation ages, thoughts of an investment that also accommodates time off along the coast can be very compelling. The demand for vacation homes dominates the Port Aransas real estate market. Condos and homes priced between $200k and $400k continue to be the "sweet spot" in the marketplace.
A big part of the draw is vacation rental income. Port Aransas is popular with families looking for a fun, affordable vacation destination. "Port A" is an easy drive from most major Texas cities. It is a good stretch from DFW, but American Eagle, Continental Express and SW also service the nearby Corpus Christi airport. Having lived in Houston, Dallas, Austin and San Antonio, I can assure you that life in Port A can feel like a world away.
Onsite property and rental management makes Royal Sands a popular option for investors. Royal Sands is an established beachfront community. Rental income last year ranged from $25k to over $45k as vacationers chose a Royal Sands home for their beach getaway. Add golfing at the new Arnold Palmer course to the list of local amenities which includes offshore and flats fishing, birding, kayaking and of course exploring the Mustang Island beach.
Visit Port Aransas Texas Real Estate for more market information (including homes and lots in Royal Sands, plus featured area condos).