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Alligator Point is a secluded, natural coastal community in Florida's Forgotten Coast region, known for its unspoiled beaches, excellent fishing, and abundant wildlife. The area has seen growing interest as a vacation rental destination, with visitors drawn to its tranquil, Old Florida charm. Vacation rentals make up a significant portion of the local real estate market, catering to both short-term and long-term stays.
According to data from Mashvisor, the median property sale price in Alligator Point is $979,000, with an average price per square foot of $1,813. The traditional cash-on-cash return for investment properties in the area is around 1%, while the Airbnb cash-on-cash return is approximately 2%. Airbnb rental income in Alligator Point averages $4,425 per month, compared to $2,534 for traditional long-term rentals. The average Airbnb occupancy rate in the area is 54%, indicating strong demand for short-term vacation rentals.
(See the Market Overview section for more detailed data on the Alligator Point vacation rental market.)
The Alligator Point vacation rental market is relatively competitive, with several established property management companies serving the area. Key players in the market include Harbor Point Rentals, Ochlockonee Bay Realty, and Sandcastles Vacation Rentals, all of which offer a range of services to both property owners and guests. These companies differentiate themselves through factors such as the size and quality of their rental portfolios, customer service, and local expertise. Newer entrants to the market may face challenges in building a strong client base and competing with the established players.
Harbor Point Rentals is the largest provider of vacation rentals in Alligator Point, offering a wide selection of beachfront and pet-friendly properties. The company has been managing rentals in the area for over 35 years and is known for its high-quality homes and exceptional customer service.
Ochlockonee Bay Realty is a locally owned and operated property management company that has been serving the Alligator Point area for over three decades. The company offers a variety of vacation rental options, including beachfront homes, bay-front properties, and riverfront retreats.
Sandcastles Vacation Rentals is a locally owned property management company that specializes in Alligator Point vacation rentals. The company's owners have extensive experience in the industry and are committed to providing guests with exceptional service and well-maintained properties.