Are you dreaming of waking up to sunrise views over the water, spending weekends boating, or owning a vacation home that doubles as a smart investment? Finding the best places to buy waterfront property in 2025 can turn that dream into reality. From Florida’s sunny coastlines to Michigan’s peaceful lakes, owning a home by the water offers unmatched beauty, lifestyle perks, and long-term value.
In this guide, we’ll walk you through the top states and cities for waterfront living, what costs to expect, and how Gustan Cho Associates can help you get the right mortgage to make it happen.
Why People Love Waterfront Homes
There’s something magical about living by the water. The view alone feels priceless, whether it’s an ocean, lake, or river. Waterfront property is more than just a place to live—it’s a lifestyle. You can wake up to sunrises over the water, enjoy boating or fishing right outside your door, and have a home that holds its value long-term.
But before you buy, you need to know the best places to buy waterfront property and what to expect in terms of cost, investment potential, and financing. That’s where we step in. At Gustan Cho Associates, we help buyers across the U.S. find and finance their dream waterfront homes—even if other lenders have said no.
What to Consider Before Buying Waterfront Property
Buying a waterfront home isn’t quite the same as picking out a regular house. There are definitely some things to keep in mind before you dive into your search:
- Location and climate – Some states offer year-round water fun, while others are seasonal.
- Insurance – Depending on the area, flood and hurricane coverage can be expensive.
- Maintenance costs – Saltwater, humidity, and storms can wear down homes faster.
- Investment value – Some waterfront markets appreciate quickly, while others are more stable.
- Financing—Lenders often require extra steps for waterfront homes. Working with a mortgage broker like Gustan Cho Associates is key.
Best Places to Buy Waterfront Property in Florida
Florida is a hot spot for anyone wanting to snag a waterfront property, with over 11,000 miles of waterways and 7,700 lakes. It’s a dream come true for boating fans and beach lovers!
Some of the most popular places to check out include Miami, famous for its fancy waterfront condos; Tampa, which has great family-friendly homes; and Orlando, where you can find some budget-friendly lakefront options.
By 2025, the median price for homes near the water is around $460,000, which is way more affordable than places like Hawaii or California. Florida’s appeal keeps improving with its warm weather all year, no state income tax, and a strong demand for rentals, making it a smart move for homebuyers looking to invest.
Best Places to Buy Waterfront Property in California
California boasts nearly 3,000 miles of stunning coastline, along with a variety of lakes and marinas ideal for sailing and fishing. Popular locations for waterfront property include San Diego, known for its excellent boating and surfing opportunities; Lake Tahoe, which offers a unique mountain-lake living experience; and Malibu, renowned for its luxurious estates.
As of 2025, the average price for coastal homes often surpasses $1 million, while inland options like Shasta and Clear Lake present more affordable alternatives. The appeal of investing in these areas lies in their strong long-term property appreciation and access to world-class beaches. However, prospective buyers should consider higher property taxes and insurance costs associated with these desirable locations.
Best Places to Buy Waterfront Property in Hawaii
Hawaii is the ideal destination for those dreaming of island living, renowned for its unmatched beauty and diverse landscapes. Prime locations include Oahu’s North Shore, celebrated for its surfing culture; Maui, known for its luxurious beachfront homes; and the Big Island, which offers more affordable waterfront options. As of 2025, prices for waterfront homes begin around $800,000, with many reaching multi-million-dollar levels.
The allure of Hawaii lies not only in its perfect year-round weather and high demand for vacation rentals but also in the consideration of its high cost of living, which is ranked among the highest in the U.S.
Best Places to Buy Waterfront Property in Texas
Texas is often celebrated for its vast, open landscapes, but it also boasts some fantastic and affordable options for waterfront living. Popular destinations include Galveston, known for its vibrant Gulf Coast lifestyle; Lake Travis near Austin, which features upscale lake homes; and the suburbs of Houston, offering family-friendly waterfront neighborhoods.
As of 2025, average prices for these properties indicate that lakefront homes start around $400,000, with coastal homes priced slightly higher. The appeal of buying in Texas is further enhanced by factors such as a lower cost of living, the absence of a state income tax, and robust growth in rapidly developing cities like Austin and Houston.
Best Places to Buy Waterfront Property in Washington
Washington offers breathtaking scenic beauty, boasting over 8,000 miles of shoreline that presents various options for waterfront living. Whether you’re interested in coastal, riverfront, or lakefront properties, the state has something for everyone.
Popular destinations include Seattle, known for its vibrant city waterfront condos; the San Juan Islands, which offer a peaceful retreat; and Lake Chelan, a perfect spot for vacation homes.
As of 2025, the average price for coastal homes is around $650,000, while luxury waterfront properties in Seattle can easily exceed $1 million. Investing in waterfront real estate in Washington is appealing due to its beautiful summers, a thriving boating culture, and the strong appreciation potential in tech-driven markets.
Other Great Waterfront States Worth Considering
- Michigan: Over 11,000 inland lakes and access to the Great Lakes. Very affordable, with many homes under $350,000.
- North Carolina: Outer Banks and Lake Norman are growing in popularity. Affordable compared to Florida.
- Maine: Rugged coastline, charming fishing towns, and lower prices than Massachusetts.
Benefits of Buying a Waterfront Home
Owning waterfront property offers unique benefits:
- Daily access to boating, fishing, swimming, and watersports.
- Stronger property appreciation compared to inland homes.
- High rental income potential if you use it as an Airbnb or vacation home.
- Relaxing lifestyle with unbeatable views.
The key is finding the right location that fits your budget, lifestyle, and long-term goals.
Costs of Waterfront Property You Need to Know
- Higher insurance: Flood and windstorm coverage can be required.
- HOA or dock fees: Many waterfront communities charge monthly fees.
- Maintenance: Homes near saltwater may need extra upkeep.
- Financing challenges: Not all lenders handle waterfront homes. At Gustan Cho Associates, we have no lender overlays and can close fast.
Getting a Mortgage for Waterfront Property
Waterfront properties can be financed just like other homes, but some added factors apply:
- Primary residence vs. vacation home vs. investment: Loan requirements differ.
- Down payment: Conventional loans often require 10–20%, but FHA, VA, and USDA loans may work for specific areas.
- Non-QM loans: Great option for self-employed borrowers, investors, or those with credit challenges.
At Gustan Cho Associates, we work with over 210 wholesale lenders nationwide, giving you access to every mortgage option available.
How to Choose the Best Place for You
When deciding on the best places to buy waterfront property, ask yourself:
- Do you want warm weather year-round or seasonal boating?
- Are you looking for affordability or luxury?
- Will this be your primary home, vacation getaway, or rental?
- Do you prefer ocean, river, or lake living?
Your answers will guide you to the right state, city, and property type.
Final Thoughts: Best Places to Buy Waterfront Property in 2025
Waterfront living is a dream for many, and 2025 is an exciting year to make it happen. Whether you want the beaches of Florida, the lakes of Michigan, or the islands of Hawaii, there’s a perfect place for you.
At Gustan Cho Associates, we don’t just help you dream—we help you close. Even if other lenders have turned you down, our team has no overlays, flexible options, and access to hundreds of programs designed to get you approved.
Borrowers who need a five-star national mortgage company licensed in 50 states with no overlays and who are experts on on the best places to buy waterfront property, please contact us at 800-900-8569, text us for a faster response, or email us at gcho@gustancho.com. The team at Gustan Cho Associates is available 7 days a week, on evenings, weekends, and holidays.
Frequently Asked Questions About the Best Places to Buy Waterfront Property:
Q: What are the Best Places to Buy Waterfront Property in the U.S.?
A: The best places to buy waterfront property include Florida, California, Hawaii, Texas, Washington, Michigan, and North Carolina. Each offers different prices and lifestyles.
Q: Why is Florida Among the Best Places to Buy Waterfront Property?
A: Florida has warm weather all year, thousands of lakes and beaches, no state income tax, and strong rental demand, making it a top spot for waterfront homes.
Q: Are the Best Places to Buy Waterfront Property Always Expensive?
A: Not always. States like Michigan and North Carolina have more affordable lakefront homes, while Hawaii and California tend to be higher-priced.
Q: How do I Choose the Best Places to Buy Waterfront Property?
A: Consider your budget, whether you want ocean, river, or lake views, and whether the home will be for living, vacation, or renting.
Q: Do the Best Places to Buy Waterfront Property have Higher Insurance Costs?
A: Yes, waterfront homes often need flood or hurricane insurance, which can cost more. Always check insurance before buying.
Q: Can I Get a Mortgage in the Best Places to Buy Waterfront Property?
A: Yes, you can. Gustan Cho Associates works with over 210 lenders and offers FHA, VA, Conventional, USDA, and non-QM loans for waterfront homes.
Q: Is Buying in the Best Places to Buy Waterfront Property a Good Investment?
A: Waterfront homes usually hold value well and generate high rental income, especially in popular vacation areas.
Q: What States are Affordable if I Want the Best Places to Buy Waterfront Property?
A: Michigan, Texas, and North Carolina often have lower prices compared to California, Hawaii, or Florida.
Q: Do the Best Places to Buy Waterfront Property Need More Maintenance?
A: Yes, homes near water can need extra care due to humidity, storms, or saltwater. Plan for higher upkeep costs.
Q: How Can Gustan Cho Associates Help Me Find the Best Places to Buy Waterfront Property?
A: We offer no-overlay loans, flexible mortgage options, and fast closings so you can buy your dream waterfront property even if other lenders said no.
This article about “The Best Places To Buy Waterfront Property For Boating” was updated on August 19th, 2025.
