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Source:
Money,
Sarah Max (09/01/2006)Daily Real
Estate News | September 6, 2006
5 Hotspots for Vacation-Home Deals
Even as the real estate market slows, there are many good reasons to
consider buying a second home.
Buyers can’t expect to get rich quick, but slower price increases mean that
they have a better chance of finding a good deal.
EscapeHomes.com, a real estate Web site that specializes in second homes,
says these five areas offer the best lifestyle and the most reasonable
prices:
- Central Sierra Mountains of
California: Angels Camp, Arnold, Murphys, Sonora. Known as the gateway
to the Sierras, this area offers skiing in the winter, plus golfing,
mountain biking and hiking in summer. Homes start at $300,000. A
1,862-square-foot, three-bedroom house with an all-season spa and wooded
views outside Arnold was recently listed at $388,900.
- South Texas Coast: Laguna
Vista, Port Isabel, South Padre Island. Here you'll find some of the
most unspoiled beaches along the Gulf of Mexico. (The only spoiler is
that this is also a prime spring break destination.) A house on the
waterfront can go for up to $2 million; but you'll find better deals on
inland condos, which go for $200,000 and up.
- White Mountains in Eastern
Arizona: Pinetop-Lakeside, Show Low, Snowflake. All the advantages of
Aspen — hiking trails, fishing and skiing — without the clubby resort
culture. You can get a two-bedroom, two-bath rustic cottage tucked into
the woods of Pinetop for $259,000.
- The North Fork Valley on
Colorado's Western Slope: Hotchkiss, Paonia, Crawford. Artists, urban
refugees and outdoorsy types have convened on this area. Get a
2,504-square-foot, three-bedroom log house with mountain views for
$325,000.
- Northern Coast of South
Carolina: Myrtle Beach, North Myrtle Beach, Murrells Inlet, Surfside
Beach. This is one of the most popular vacation spots on the eastern
seaboard, thanks to its pretty beaches, mild winters (average January
temperature: 57°F) and southern hospitality. Consider settling along the
60-mile oceanfront area known as the Grand Strand; condos there start at
$200,000.
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