Dauphin Island Named Top Spot to Buy Beach House

Vacasa, one of the largest vacation property management companies in North America, has rated Dauphin Island a top spot in the U.S. to buy a beach house this year, according to AL.com. In a recent report, the island ranked third in the country and was one of only two cities on the Gulf Coast to make the top 10. (Bolivar Peninsula, Texas, which is near Houston, was No. 10.) It also scored well on the list because of its property’s average capitalization rate of 7.8%, according to Vacasa. That tied for second among the top 10 coastal cities. Also, the low median price of around $290,000 makes it the second-most affordable among cities featured in the report. Vacasa estimates the average beach house rental will net the owner around $43,000 per year.