Torrance

Photo courtesy Wikimedia Commons

Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 38th city on the list — The Woodlands, Texas. This week, we look at Torrance, California, and found you could find a great selection well within the mid-$300,000 range to just slightly more than the median price of $600,000.

So why is Torrance on the list? In short, it’s close to Los Angeles, but provides that smaller community feel that some might desire, the publication said.

“If you like the idea of living near Los Angeles but would prefer living in a smaller community, Torrance could be just the place you’re looking for!” MoneyWise said. “This town is home to California’s famous sunny weather and promises easy access to nearby beaches.”

“It’s a little pricier than some of the communities we have listed so far, with a median home value of $600,000,” the piece continued. “Median household income is just below $80,000. With 15 healthcare centers, Torrance is a good place for medical care.”

While we can’t get you amazing views or ocean sightings in this price range (that’s going to cost you a bit more), we do have three options.

LOCK-AND-LEAVE, BUDGET-FRIENDLY CONDO

Price: $369,000

At $369,000, this fully-remodeled condo may be cozy, but it’s also a great lock-and-leave option for snowbirds who prefer the West Coast to Florida or the Gulf Coast.  

A new shower, new hardwood floors, paint, and brand-new stainless steel appliances make this nearly turnkey. Higher ceilings and an open floor plan make great use of the smaller space, and the two bedrooms are generously sized for the square footage. (more…)

The WoodlandsEditor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 39th city on the list — Cape Coral, Florida. This week, we look at the first Texas spot on the list —  The Woodlands, and found you could find a great selection well within the $300,000 to just shy of $500,000 range.

Why The Woodlands?

“This community of approximately 100,000 is a well-kept secret for retirees,” said Moneywise. “The Woodlands offers excellent housing and a low cost of living. The median rent is $1,300, and median home prices are around $300,000.”

“This town has very low crime, and the weather is lovely and warm,” it adds. “The Woodlands’ proximity to Houston gives you access to quality health care just a short drive away.”

So what can you get for less than $500,000? Let’s take a look.

RENOVATED MEDITERRANEAN CLOSE TO AMENITIES

Price: $319,000

At the lowest end of our price point, this custom home in the coveted Grogans Mill neighborhood is also — bonus — in a golf course community. (more…)

Cape CoralEditor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 40th city on the list — Scottsdale, Arizona. This week, we look at Cape Coral, and found lots of incredible inventory for as low as the $150,000s to the millions.

There is something for every budget, it seems.

“Although there will be some rebuilding to do in this city after Hurricane Irma, Cape Coral is a lovely town worthy of your consideration,” Moneywise said. “Cape Coral is located on the west coast of the peninsula and is known for its low crime rate, excellent restaurants, and perpetually sunny Florida weather!”

“The cost of living in Cape Coral is relatively low when compared to the cost of living in Miami or Fort Lauderdale,” the story added.

The city offers much in the way of amenities (as do many of the planned communities), including golf, splash grounds, art studios, and more. But with more than 400 miles of canals, you can bet that boating, fishing, and other water activities take center stage.

ONE STORY HOME CLOSE TO GOLF AND KAYAKING ACCESS

Price: $259,900 (more…)

Saint AugustineCatch us, we’re swooning. This week’s historical shelter in Saint Augustine, Florida, is a magnificent marriage of vintage and updated, ably combining the old-world craftsmanship you’d expect of an 1887 Queen Anne Victorian in the nation’s oldest city with the design sensibilities needed to navigate 2018.

The four-bedroom, four-bath Hibbard House at 272 St. George is located just south of the Plaza de la Constitucion, surrounded by more historical homes between the Matanzas River and Lake Maria Sanchez.

The plaza is the central park of downtown Saint Augustine and has been a central part of the town since 1573 when it was first designed by Spanish Royal Ordinance, which dictated that it be laid out in a rectangular shape according to the compass points, with the length to be 1 ½ times the width. It’s also home to a pre-1700s well that has been designated as an American Water Landmark.

The public market that the plaza is home to has existed since the 1500s, and is still in use by local vendors today.

Entertainment opportunities abound, with the shopping and dining of downtown Saint Augustine nearby, as well as the City Marina on the Intracoastal Waterway a few blocks to the east of the neighborhood, and the beaches of Anastasia State Park a short drive away.

And as much as this home stuns from the curb, inside, it’s even better. It’s been restored with an eye to maintaining its rich history, including the rich woodwork throughout the home, said listing agent Janie Coffey with Compass. (more…)

scottsdale

This Scottsdale, Arizona, condo boasts waterfront and desert views, but has a budget-friendly price.

Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

We decided to take a look. Number 40 on the list? Scottsdale, Arizona. Just east of Phoenix, the town of about 200,000 or so is home to a lot of golfing, a lot of shopping, and warm weather pretty much year around.

It’s also (for a few months every year) a baseball lover’s paradise, since the Major League Baseball spring training camps of the Cactus League are sprinkled around Arizona, with two in Scottsdale proper.

“This community of a little more than 200,000 people offers gorgeous warm weather, beautiful parks, and immaculate streets,” MoneyWise explained. “Its proximity to Phoenix makes it a fantastic place for shopping, restaurants, and entertainment.”

“Owing in a large part to the year-round arid weather, Scottsdale and Phoenix are home to world-famous golf courses,” the story continued. “Healthcare in Scottsdale is known to be excellent. It should be noted that the Mayo Clinic has one of its three major branches in Scottsdale.”

So what did we find in Scottsdale? We found some frugal, some fairly frugal, and some not really frugal at all options. Today, we’ll look at two homes in two different price points, so you can get an idea of what your second home dollar can buy. (more…)

Stretford Layout: "B" units are the center bump while mirrored "A" unite are on the ends

Stretford Layout: “B” units are the center bump while mirrored “A” units are on the ends

Last week, Dave Perry-Miller high-rise expert Sharon Quist and I bombed over to Tyler to view the Stretford high-rise.  Yes, a 14-story residential high-rise … in Tyler!  Who’d a thunk?

Tyler’s been on the map for retirees for quite a while. It was named the first certified retirement city in Texas by the East Texas Council of Governments. It was ranked 16th in the US for cost of living in the 1999 edition of the “Places Rated Almanac” by David Savageau.  It’s also equidistant to Dallas and Shreveport depending on your need to give money to Neimans or the roulette wheel. (more…)

Photo courtesy of Telluride Tourism Board

Photo: courtesy of Telluride Tourism Board

As Candy Evans reported last week,  the consensus of vacation housing  experts speaking at the NAREE (National Association of Real Estate Editors) Conference which took place in New Orleans in June is clear — these days vacation housing is all about the family.

Children are accompanying parents on vacations and second home buyers are looking for properties that are comfortable for all ages. Among the most family-friendly mountain destinations in the U.S. is the southwestern Colorado city of Telluride, which is celebrating the 20th anniversary of its free public gondola system this year.  

What’s the big deal about this unique coach in the sky?

(more…)

9,000 square foot whole floor at One Park Lane is yours for £62 million

9,000 square foot whole floor at One Park Lane is yours for £62 million

Previously, I wrote about a dip occurring in the London property market.  Now let’s explore how an American goes about buying property in the U.K.  The rules are the same for London, and your interests may lie in other (cheaper) parts of the kingdom.

Unlike property in Bermuda, foreigners are able to buy any property in the U.K. However, buyers seeking a mortgage from a local bank may be in for a shock as expats are sometimes asked for a 40 percent down payment.

(more…)