We have identified the top beach towns in the U.S. where you can still afford to buy a home for now. Also, take a look at the 10 most affordable beach house towns.
2. Sure, it’s famed for pricey enclaves such as Key Biscayne and
Miami’s South Beach. (Neither cracked our top 10 list of least
affordable beach towns. Why? For consistency, our team used
“city” to specify the listing data area. Within the city of Miami
Beach, high-priced properties along the coast are balanced out by
lower-priced mix of residential and commercial properties inland.)
But there’s the news: Florida also boasts some of the more
affordable waterfront property in the nation.
Florida: No. 1 Port Richey, No. 5 Deerfield
Beach, No. 10 Palm Bay
3. Mississippi’s slice of the Gulf Coast, with its characteristically
warm waters, also harbors some fine value-priced beach real
estate.
Pascagoula, No. 2 in our affordability ranking, isn’t your typical
small beach town rife with mom-and-pop businesses; rather, it’s
one of those rare cases where nature comfortably coexists with
mammoth industries. To Pascagoula locals, the sea is both
recreation and livelihood: Ingalls Shipbuilding is the area’s largest
employer.
Mississippi: No. 2 Pascagoula, No. 4
Waveland, No. 6 Gautier
4. The once-glittering gamblers’ mecca of Atlantic City
is now tarnished and troubled—four casinos closed
their doors last year, costing thousands of jobs. But,
hey, it’s still a hell of a beach. And the median list
price of homes is only $118,000.
In the first half of 2015, Atlantic City posted the
nation’s highest foreclosure rate among major
metropolitan areas, according to Realty Trac, with
1.7% of the city’s housing units experiencing a
foreclosure filing—a 42% jump from the same
period in 2014.
New Jersey: No. 3 Atlantic City, No. 8
Keansburg
5. Malibu, known for its prime Pacific coastline
and being the home of more Hollywood stars
and moguls than anyplace else on earth, is
ranked No. 1 with a jaw-dropping median list
price of $3.6 million.
Farther south in Orange County, it’s largely the
same story. Steve High, a Newport Beach–
based agent, has closed three deals that are
each over $10 million this year, including one in
Irvine Cove with a 123-foot ocean view that
sold for $23 million.
Southern California: No. 1 Malibu,
No. 6 Pacific Palisades, No. 8 Newport Coast,
No. 10 Corona Del Mar
6. The famous playground for the rich and famous that’s just a train
ride from the citadels of corporate power in New York City, the
Hamptons features some of the most expensive properties in the
country. Gatsby loved it here (until he was bumped off, that is); you
can, too, if you have a trust fund and some prime connections to
find the right place.
In Water Mill, where entertainer Jennifer Lopez plunked down $10
million for a stunning 3-acre mansion, fewer than a dozen properties
are currently for sale. The hamlet’s cheapest property at the
moment—a five-bedroom Colonial-style home with a swimming
pool—is asking $1.4 million. If you want to be neighbors with New
York’s biggest tycoons and celebrities, grab it while it lasts
New York (the Hamptons): No. 2 Water
Mill, No. 4 Bridgehampton
7. You will have a hard time finding an affordable
property in Bolinas, a town 20 miles northwest of
San Francisco, which has a median price of $3.4
million.
To inhibit development, the public-utility board has
not issued a new water meter since 1971, The New
York Times reported in 2014. Currently, fewer than
10 properties are listed for sale on our site. But for
those who find their way to this hallowed place:
Surf’s up!
Northern California: No. 3 Bolinas,
No. 4 Belvedere-Tiburon
8. Haylen Group Inc.
Silicon Valley (Santana Row Location)
560 S Winchester Blvd
Suite 500
San Jose,
CA 95128
http://www.haylengroup.com/
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