While every American dreams of having a city home of their own, we also want our private oasis where we can get away from the urban grind; where we can watch our children play in the lake or on the waterfront deck.
But that begs the question, where can you buy a perfect canal-front property without going broke?
Well, I’ve got the answer right here. Let’s dive into this article as I have shortlisted some of the best and most affordable canal homes in the US that are perfect for vacation destinations.
Top 5 Affordable Canal Homes for Vacation
Similar to the real estate market in the US, vacation homes are also becoming much more expensive each year, making them less attainable for many potential buyers. Not to mention, waterfront homes usually come with a higher price tag than your typical getaway destinations.
However, there are still some hidden gems that are most suitable for a family retreat.
These are the best places in the US where you can buy an affordable canal home for fun and relaxation:
1. Cape Coral, Florida
A Yacht club, a family waterpark, a beach; Cape Coral has all of that and more, making it a perfect getaway for a family with kids.
Situated in the southwest Florida, this city is basically surrounded by almost 400 miles of canals. As a result, it has become a prime spot for boating and jet skiing.
It is also a good time to buy a home, but waterfront homes are very cozy and relaxing.
- Housing price: Starting from around $400,000 to over a million, depending on size and location.
One of the reasons why Cape Coral is a financially smart choice is because the sales tax here is quite low, only around 6 to 7%. The cost of living is also relatively cheaper here compared to other beachfront ventures.
Despite being affordable, you won’t have any cheap experience here. There are plenty of docks, good restaurants, and a diverse and welcoming community.
Furthermore, it is one of the safest destinations for a prolonged getaway as the crime rate is pretty low in this coastal area.
All in all, if you want a family-friendly neighborhood for your second home where you can have a great time with your kids, this is it.
2. Ocean City, Maryland
I think we can all agree that a great vacation experience also includes a lot of outdoor activities. And for that, the canal-front homes of Ocean City would be a no-brainer. Its coastal beauty and fun activities have been attracting vacationers for decades.
10 miles of sandy beach & a vibrant boardwalk? Check.
Amusement parks and mini-golf venue? Check.
Boating, kayaking, and fishing? Check.
Shopping centers? Double check.
Most importantly, this resort town has a variety of canal homes with private docks, which is great news for any boat owner. From townhomes to detached properties, these waterfront homes in the Ocean City encompass a variety of real estate styles.
- Median Home Price: $450,000
You can choose a condo for a million dollars or a 2 bed, 2 baths condominium for around 300k, your choice.
However, the crime rate of this small town in Maryland is around 12.9%, which is not as low as the other vacation spots in the nation. The same goes for property crime as well. So keep that in mind before you let your kids run amock.
Other than that, I see no reason why Ocean City can’t be your desired second home for a relaxed summer vacation.
3. Venice, California
There’s barely anyone in the US who doesn’t know about the famous Venice Beach and the Venice canals of Los Angeles, California. Nestled along these charming canals, you’d find a charming neighborhood with beautiful canal-front homes with docks along the pathway.
- Housing price: Starting from $500000 to over a million dollars, depending on the location and size.
This walkable neighborhood, along with its proximity to the Venice Beach, easily makes it one of the best places to buy a vacation home in California.
It is also a cultural hotspot that creates a bohemian atmosphere. This area boats both commercial and residential pockets. As a result, you’d never get bored or experience any lack of attractions or activities.
You can enjoy colorful murals, buy overpriced accessories from funky shops, or get a high-quality dining experience with your family.
Not to mention, the picturesque enclave of man-made canals, surrounded by modernist homes, elevates its beauty & visual appeal as a vacation spot.
However, housing prices in Venice have been on rapid growth ever since the inflation rate hit the US market, around 25% higher than last year. So if you want to grab a scenic and enjoyable second home along the Venice canals, you better hurry.
4. Punta Gorda, Florida
Due to being at the border of the Gulf of Mexico, Florida has many seaside cities that have some of the best waterfront properties. The Punta Gorda from the Charlotte County is just like that.
Initially, it was a historic fishing town that was later transformed into an ever-growing community.
Punta Gorda is a lesser-known gem with a charming small-town feel and beautiful canal properties. These homes are mostly located in the Peace River Drive with various styles and pricing.
- Housing Price: Starting from $300000 to over a million dollars, depending on the location and size.
Some of these homes also come with private docks.
Among its modern amenities, Punta Gorda has waterfront parks, a museum, community events, and a golfing course. So you can expect a pretty good vacation in this neighborhood.
Since it is not as dense as other waterfront communities, it is more relaxing and safer for your kids.
5. Hilton Head Island, South Carolina
If you want a blend of luxury homes and natural beauty, you should definitely check out the waterfront properties on Hilton Head Island.
Its modern housing might not be the most affordable of the bunch, but the locale and its amenities more than make things up. The golf courses, beach clubs, and private yacht club will give you a feel of luxury while the waterfront view of the ocean side will fill your soul with joy and pleasure.
- Average Home Price: $750,000
Just like the rest of the ventures, some of these canal homes also feature boat docks, giving you an easy access to the Atlantic Ocean if you have a private boat.
These properties are not only a great lifestyle choice but also a sound investment as well. Over the last few years, the waterfront property value of this neighborhood has held steady or gone up significantly, around 20-35%.
Regardless, you can rest assured that it is a perfect summer destination due to its social events, cultural festivals, and gourmet dining options.
Bottom Line
It’s a blessing to have a second home nestled along the edge of a canal; where you can forget your worries, and enjoy a sunset or a cup of coffee on your own waterfront patio. It is nothing short of a dream come true.
Hopefully, this write-up has guided you to that dream one step closer.
Have a good day!