Play all audios:
Buying a second home, whether it's a lake house or a house on the beach, is a pretty significant investment for most. It can also come with many benefits, like a side hustle or extra
income if you use the space as a rental property. In June, Realtor.com, in collaboration with AirDNA, released their ranking of the top 10 places to buy a beach house in the U.S. to use as a
short-term rental. In order to rank the top 10 places, the report looked at: * Median home prices * Average annual rental revenue * Expected yields * STR (short-term rental) regulations Of
the top 10, six were in the South, while the rest were scattered across the Midwest, East Coast, and Pacific Northwest. NO. 1 BEST PLACE TO BUY A BEACH HOUSE TO USE FOR SHORT-TERMS: PAWLEYS
ISLAND, SOUTH CAROLINA MEDIAN HOME PRICE: $497,237 ANNUAL REVENUE POTENTIAL: $41,995 EXPECTED YIELD: 19.8% Known as one of the oldest vacation communities in the southeast, Pawleys Island
offers residents and visitors the chance to explore picturesque coastlines. Pawleys Island, South Carolina Jupiterimages | Photos.com>> | Getty Images It's about 35 minutes away
from Myrtle Beach and has no retail shops or restaurants. Instead, it's about a 3-mile island with beach rental homes and limited public beach parking and access. Realtor.com notes
it's important to check the short-term rental laws in the area. The City Council is considering implementing changes that will affect the number of permits the island gives out and an
annual fee for those who already have a property on the island. 10 BEST PLACES IN THE U.S. TO BUY A BEACH HOUSE TO USE FOR SHORT-TERM RENTALS * Pawleys Island, S.C. * Michigan's East
Coast, Mich. * Cape San Blas, Fla. * Gulfport Biloxi, Miss. * Wilmington, Del. * Lincoln City/Newport, Ore. * Greys Harbor, Wash. * Outer Banks, N.C. * Corpus Christi, Texas * Gulf Shores,
Ala. The east coast of Michigan, also known as the Sunrise Coast, ranked as the No. 2 best place to buy a beach house to use for short-term rentals. The coast has a: MEDIAN HOME PRICE:
$208,513 ANNUAL REVENUE POTENTIAL: $20,265 EXPECTED YIELD: 16.7% The Tawas Point Light is located along the Michigan East Coast. Dennis Macdonald | Photodisc | Getty Images Those looking to
buy a beach house in this area have the advantage that Michigan doesn't have any statewide rules regulating the short-term rental market yet. That might change, though, because a bill
was introduced in April that would bring forth new regulations. Michigan's East Coast is located along US-23 and is home to Lake Huron and hundreds of miles of breathtaking beaches.
Some of the places along the coast include Standish, Au Gres, the Charity Island Lighthouse, and more. _WANT TO BE A SUCCESSFUL, CONFIDENT COMMUNICATOR? Take CNBC's new online course
__Become an Effective Communicator: Master Public Speaking__. We'll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language
techniques to make a great first impression. Sign up today and use code EARLYBIRD for an introductory discount of 30% off through July 10, 2024._ _Plus, __sign up for CNBC Make It's
newsletter__ to get tips and tricks for success at work, with money and in life._