The Best Places To Buy Waterfront Property For Boating

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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 2026 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 2026, 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 2026, 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 2026, 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 2026, 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 2026, 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 2026

Waterfront living is a dream for many, and 2026 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 48 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:

What are the Best States to Buy Waterfront Property?

The most searched-for “best” states usually fall into two buckets: sunbelt/coastal demand (Florida, Texas, the Carolinas) and lake-country value (Michigan, Minnesota, parts of Tennessee). The “best” one depends on your goal: lifestyle, boating access, rental income, or affordability.

Where is Waterfront Property the Most Affordable in the U.S.?

Affordability is most often found in Great Lakes and inland-lake markets (for example, smaller lake towns in Michigan, Wisconsin, and parts of the Midwest/South). Prices vary street by street, so focus on the county and the specific lake/river rather than just the state.

Is Buying Waterfront Property a Good Investment?

It can be—because waterfront inventory is limited and demand stays strong—but returns depend on insurance costs, maintenance, rental rules, seasonality, and local appreciation. The best “investment” waterfront properties are usually those with strong year-round demand and manageable risk/insurance.

Do Waterfront Homes Hold Their Value Better?

Often, yes—scarcity, view, and access can support long-term value. But markets with high storm/flood risk or restrictive building rules can be more volatile, so value-holding is strongest where risk and upkeep remain predictable.

What are the Downsides of Owning a Waterfront Home?

The most common downsides buyers cite are:

• Higher insurance (flood/wind/hurricane, depending on location)
• More maintenance (moisture, corrosion, erosion, seawalls)
• HOA/dock fees or shared marina rules
• Stricter permitting for docks, lifts, shoreline work, and repairs

What Should I Check Before Buying Waterfront Property?

A quick buyer checklist:

• Flood zone & elevation info (and insurance quote before you offer)
• Shoreline condition (erosion, seawall/bulkhead condition)
• Dock rights (private dock, shared dock, or none)
• Water depth/access for your boat (seasonal depth, bridge clearance, no-wake zones)
• HOA/municipal rules for boats, lifts, short-term rentals, and renovations

Is Lakefront Property Better Than Oceanfront Property?

Lakefront can be easier for many buyers because it often has lower storm exposure and can be more budget-friendly, while oceanfront can deliver premium lifestyle/rent demand but may come with higher insurance and weather risk. “Better” depends on your risk tolerance and how often you’ll use it.

Can I Rent Out My Waterfront Home as an Airbnb or Vacation Rental?

Sometimes—this depends heavily on city/county short-term rental rules, HOA restrictions, and licensing/tax requirements. Always verify STR legality before closing, because regulations can change and enforcement varies by market.

Is it Harder to Get a Mortgage on Waterfront Property?

Not always, but underwriting can be stricter depending on:

• Property type (condo vs single-family)
• Occupancy (primary vs second home vs investment)
• Insurance requirements (flood/wind)
• Condition and marketability
• A lender that’s comfortable with second homes/investor loans, and with coastal insurance, is key.

How Much Down Payment do You Need for a Waterfront Home?

It depends on occupancy and loan type. Many second-home and investment scenarios require more down than a primary residence. For higher-priced waterfront homes, lenders may also closely examine cash reserves (the number of months of payments available after closing).

This article about “The Best Places To Buy Waterfront Property For Boating” was updated on January 28th, 2026.