Condo or Single-Family Home – Making the Best Choice for Florida Living

Condo or Single-Family Home – Making the Best Choice for Florida Living

So, you’ve decided to call the Space Coast home, but now, you are left wondering what type of property is the best for your new Florida lifestyle. At the Coastal Home Team, our real estate experts, are ready to help you find the perfect home, whether you’ll be living here year-round or are looking for a vacation home for your family to enjoy. Of course, making the right decision is also founded in your budget as well as your personal preferences and lifestyle. Here, the team offers the pros and cons of both condos and single-family homes to help you decide.

Waterfront Properties Explained

When seeking a home in Florida, whether it’s a single-family home or a condo, it is important to know that waterfront properties come at a premium. With that in mind, you should also understand that waterfront properties have the highest rental returns as well as the greatest resale values. The value is in the land not necessarily the home sitting on that land. In Florida, there are lots of options for living on the water including ocean front, beach front, gulf front, river front, and other waterfront properties such as canals, bays, and lakes. If you and your family enjoy outdoor living, like fishing, boating, kayaking, swimming, surfing, or birding, then waterfront property, whether a condo or single-family home, might be a good option for you. If you are considering a waterfront property, just remember the costs (purchase price, insurance, and upkeep) will be likely be higher. With your new understanding of waterfront properties, let’s compare single family homes and condos to aid you in making a decision.


If you are looking for an investment property, as well as a property you can use for holidays and vacations, then a condo may be the ideal choice. Condos are also great options for those with active lifestyles who don’t want to be bothered with the ongoing upkeep of a single-family home. Plus, condos offer affordability for those on a limited budget who are hoping for a waterfront location. Rental and resale returns on condos are favorable as most units appreciate over time. 

Condos ownership generally means you own your unit outright but share in the ownership and upkeep of shared spaces which means condo association fees. As a condo owner, you must abide by the association’s rules, which may mean restrictions on rentals, pets, and more. In a condo, you also need understand there will be less privacy, more noise, and little to no outdoor space to call your own. The storage in a condo may be limited too so when looking for a condo it is always important to look at the size of the closets. Some condo buildings have storage areas and garages and that is a definite plus.

Single Family Homes

Single family homes, with more space, often deliver higher returns due to higher appreciation than condos. With a single-family home, you have privacy, your own outdoor space, maybe even a private pool, and certainly plenty of room for friends and family.

On the downside, single family homes are more expensive, and require you do your own maintenance or hire) someone to do it for you. Depending on the location of your home, you may have HOA (Homeowners’ Association) fees to consider as well.

Should you choose a community with a Homeowners’ Association, those fees cover the maintenance of common areas, such as playgrounds, clubhouses, pools, and more. They are also responsible for the exterior appearance of the community, which can mean regulations you are required to follow regarding landscaping, exterior house colors, fencing, and more. While seeming restrictive, they benefit you and your property by seeing the community is well-maintained and so are property values.

Your Florida Home

At Coastal Home Team, our goal is to help you find the perfect home – the one which meets not only your budget, but your needs and lifestyle. Call us today, and let’s explore all that homeownership in Florida has to offer you and your family!