It definitely will. My in-laws had a lagoon-front property in Gulf Shores for decades. They loved it, friends and family used it year round. They never had too much incentive to sell it. Gulf Shores began exploding in the late 90's, though. Now it's pretty much Destin-west. Couple dozen high-rise hotels, chain restaurants on every corner. Some of the old places are still there, but they're not the same now that a 40-story hotel is casting a shadow on it. Anyway, the bright side for my in-laws is that their house value quadrupled and they made a bunch of money. But if you ask me, it wasn't worth it. There have been almost no family gatherings since they sold it three years ago. They all live all over the country in relatively boring places, and no one seems to want to convene at any of those locations.
I'm sure your town still has its charm! I still like Gulf Shores even after it was corporatized. You still live next to the beach, after all!
Me 38, WAW 30 D11 (former marriage) S2 T 8 years M 3 years BD 8/20/23 S 8/20/23