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Old 05-12-2006, 07:16 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

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billh1963 - 5/12/2006 2:07 PM

editorial comment: Unfortunately, the U.S. does not hold Mexicans (legal and illegal) to the same standards that Mexico holds U.S. citizens to.
What's even funnier is that there is no complaint about "Undocumented" Canadians moving into US. No riots to prevent them from coming down. Any terrorist worth his salt would come in through Canada..
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Old 05-12-2006, 08:11 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

wait didn't you say retention pond front property in south dakota??? sorry for the confusion....
serioulsy, you can come down as long as you bring beer....
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Old 05-12-2006, 08:25 PM
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Default RE: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

looks liek i gt a couple neighbors here in Port charlotte.
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Old 05-12-2006, 09:49 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

This doesn't fit the original posters requirement since the lot sizes are very small, but canalfront homes on east Merritt Island on the east central coast of Florida are still a good buy compared to many other locations. You can still get a deepwater canalfront home under $500k, 20 minutes or less to the Port Canaveral locks, near what might be argued as the best all-around inshore/offshore fishing in Florida, year round boating, Bahamas only 140 miles away, excellent schools, only one fixed bridge to the ocean and it has 30 something feet clearance, 20 minutes from the Space Center, and one hour from Orlando if you need the big-city fix (yuck!). Waterfront home prices here have doubled in 4 years but still are comparatively reasonable. Before you locals go complaining about me letting out the secret, remember that this area has very close to 100% of the waterfront already built, so someones got to leave for someone else to arrive. Listed prices are high but deals are still to be had. There are more available right now than any time in the last 3 years. No, I'm not a real estate agent, just spreading the wealth on what I think is a little piece of paradise. The downside is there are still a few, but very few low class trashy folks (and I mean low class, not low income) leftover from when the area was much lower priced. Most of these people are cashing in and moving out, and the neighborhoods are looking much better now that the values are up.
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Old 05-12-2006, 09:57 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

NOT Charleston, SC.
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Old 05-13-2006, 01:03 AM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

ninth ward in new orleans right along the mighty mississippi :P
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Old 05-13-2006, 04:48 AM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Well it used to be reasonable here in the Merritt Island/Cocoa Beach area of Florida. I bought my newer canal home in 2000 for $250,000. My neighbor just moved in a smaller, older house for $680,000. It is crazy and these places are not worth near the prices they are still getting for them. However, there is no more waterfront around here and only one inlet. When I moved in my insurance was $1100. I just paid my premium of $4100 for a crappy policy that I was lucky to get. We do have some tax protection and they can go up only 3% a year. My goal is to try and hang on and pay the taxes and insurance until I retire in 10 years - then I am bailing out and moving to the Baja - Mexico. Small apartment, not bad health care, great fishing.

BTW: I was down in Marathon - the Florida Keys - a month ago. In the 25 years I have been going there I have NEVER seen so many houses for sale. Seemed like every other one. All of those people that got in on the Keys boom are trying to bail now that the average insurance premium is $11,000. The problem is the prices are coming down, but still WAY up there. However, if you could tolerate the hurricanes and insurance, I think a savvy investor could find a deal.
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Old 05-13-2006, 06:47 AM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

North coast of Alaska must be cheap.... Thats U.S....still...
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Old 05-13-2006, 12:59 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

In todays Pensacola real estate section two items caught my eye, with this thread in mind: One was a lot on upper Escambia bay with permits for a dock for $98,000. The second was in the Black Water Bay area, a home on a bayou/canal, deep water (sailboats and large trawlers in the photo, 1069 sq feet, 2 bed/2 bath home--redone for $198,500. Certainly one could remodel a home like this and get the rooms necessary. Both of these are a fair distance from the Gulf of Mexico, but it is good waterfront property at prices like over 10 years ago!---

I was talking with several realitors at our Friday night gathering and they both felt that the market was very slow--prices comming down and inventory 10 times what it was a year ago. They had never seen a 10 fold inventory increase in a year!
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Old 05-13-2006, 03:34 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Probably upstate New York with global warming considered ...
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Old 05-13-2006, 05:13 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Florida waterfront is in trouble, overinflated prices and rising insurance policies will push people into reality.
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Old 05-13-2006, 06:20 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Quote:
solarfry - 5/12/2006 7:16 PM

Quote:
billh1963 - 5/12/2006 2:07 PM

editorial comment: Unfortunately, the U.S. does not hold Mexicans (legal and illegal) to the same standards that Mexico holds U.S. citizens to.
What's even funnier is that there is no complaint about "Undocumented" Canadians moving into US. No riots to prevent them from coming down. Any terrorist worth his salt would come in through Canada..
They'll be rioting in Canada about all the Americans crossing over soon..
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Old 05-13-2006, 09:06 PM
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Default RE: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Port Charlotte has an area on the north side of the Peace River with older houses sitting on decent lots with outrageous water access priced from about $250K. You have access to the Gulf of Mexico through Boca Grande pass. Some are starting to replace them with newer homes, but there are lots of great deals out there.
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Old 05-14-2006, 09:43 AM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

My SIL sells property in the Keys. The cheapest property listed is $655,000 for a landlocked home with no view in Key Largo. The average waterfront home is a mere $3.5M and the only buyers are from South America. Everyone is selling out and leaving. I can't blame them. I lived there for ten years and watched property values quadruple, while my insurance rates went up ten fold. From 2000 census - there are fewer year round residents in the Keys than there were for the 1990 census. Business owners can't find help because there's no affordable housing and the lack of good public transport (one bus, twice a day from Homestead to Key West).

Alaska is great if you can stand the southeastern storms and lousy wet winters.

Georgia is wonderful, but will shortly feel growing pains in Thunderbolt, Tybee, St. Simons and Brunswick. Right now it's the best priced property, it just doesn't have much else going for it - except cheap fuel. If you want culture it's Savannah or Atlanta. I prefer Atlanta, which isn't subjected to hurricanes, tornadoes, wild fires and lightning storms. The weather is pleasant most all the year. It freezes once in a while and snows twice a year (a few hours). Good transport to anywhere. Insurance doesn't kill me and I can hire workers whenever I need them. But it's not on water, except the Chattahoochee River. Up above town on Lake Lanier, you can find practically new homes for under $300k and older ones for less than $200k. There's Stripers in that Lake and several others nearby that keep my interest, while Fla is battling another hurricane. I caught a 23lb striper the day "Rita" was rolling thru the Southeast.
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Old 05-14-2006, 11:57 AM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Alfred, It sound like you know what you are talking about. Whats the odds of these 200-300k waterfront homes going up in value in 5-10 years?
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Old 05-14-2006, 02:19 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Lake Powell has more shorefront than most countries, is cheap, and is nice anytime except the summer.
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Old 05-14-2006, 02:22 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Quote:
Bullshipper - 5/14/2006 2:19 PM

Lake Powell has more shorefront than most countries, is cheap, and is nice anytime except the summer.
Too bad you can't own any of it.
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Old 05-14-2006, 02:28 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Quote:
tubbyama - 5/14/2006 2:22 PM

Quote:
Bullshipper - 5/14/2006 2:19 PM

Lake Powell has more shorefront than most countries, is cheap, and is nice anytime except the summer.
Too bad you can't own any of it.
You're kidding right?
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Old 05-14-2006, 02:32 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

BC coast and Alaska coasts..got to be God's Country. Still very reasonable in dollar cost. Just except the fact that once you leave your porch, you enter the food chain.
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Old 05-14-2006, 04:36 PM
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Default Re: Where is the Least Expensive/Nicest Place in America To Buy Waterfront Property?

Tell me where on Lake Powell is not owned by the Federal Government? No private homes--just houseboats. There are some houses on the mesa where you can get a view of Lake Powell--but the lake is some distance away. It can snow in the winter. Powell is nice Spring and Fall. During the summer Powell gets pretty crowded!
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