East Coast Beach Condos...

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    Feb 11, 2013 5:22 AM GMT
    Doing some research/opinion searching for my sister who wants to purchase a condo this year to rent for a few years and then retire to in 4 to 5 years...

    Parameters...

    Virgina Beach south to Florida boarder is her desired locale.

    Doesn't want something too remote ...like Outer Banks NC.

    Outside of Myrtle Beach, which she likes as is fairly familiar with, what other locales should she check out? Wants something that she can rent out as year-round as possible and ideally is 2-3 hours drive from a major airport...condo with ocean access is priority. Should have good medical care for her retirement years. Also not sure about taxes in the different states so if anyone can enlighten me on VA vs. NC vs. SC vs. GA on that aspect it would be greatly appreciated..

    As for entertainment, she's a single women and bit of a loner, so she's fine with a nice beach where she can read and have a good glass of wine over dinner...

    Let me know any thoughts!

    Thx Guys!
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    Feb 11, 2013 2:09 PM GMT
    "South to Florida border"...I take it she doesn't want to be in Florida?


    If that's not true, then I'd suggest the St Pete/Sarastoa/Fort Myers/Naples side of FL.


    Some good deals can still be had there and people are more renting than buying.


    Plus, she can rent it to 'snow-birds' for 3 months of the year for way more than a 12 month lease would ever bring.

    PS: Myrtle B sucks, both financially- and traffic congestion- wise.
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    Feb 12, 2013 1:47 AM GMT
    I suggest Ft Myers Beach, FL
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    Feb 12, 2013 3:43 AM GMT
    I bring up the two Florida options...She feels like Florida would be too humid for her when she decides to live there, but iir it's financially more attractive, then that may be the ticket....

    Thanks for the Savannah idea...I really think she would love it there...


    Keep en coming guys!
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    Feb 12, 2013 3:44 AM GMT
    Palm Springs
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    Feb 12, 2013 3:54 AM GMT
    Jekyll Island, Georgia

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    Feb 12, 2013 4:05 AM GMT
    LeftofCenterus saidI bring up the two Florida options...She feels like Florida would be too humid for her when she decides to live there, but iir it's financially more attractive, then that may be the ticket....

    Thanks for the Savannah idea...I really think she would love it there...


    Keep en coming guys!

    Yep, she'll be really comfortable in Savannah - no humidity there!
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    Feb 12, 2013 6:23 AM GMT
    LeftofCenterus saidI bring up the two Florida options...She feels like Florida would be too humid for her when she decides to live there, but iir it's financially more attractive, then that may be the ticket....

    Thanks for the Savannah idea...I really think she would love it there...


    Keep en coming guys!


    Love Savannah, been a few times. But not a beach town. Also the SE generally is not dry. See the following link

    http://www.sercc.com/climateinfo/historical/avgrh.html

    Being directly on or at least near the beach for the seabreeze will mitigate to some degree (at least by feel) the humidity.

    Don't know your price range but you mention cost is an issue. An area most people don't think of and most don't like, considering it crime ridden (really just the metro areas at worst, probably not the beach areas but do your research) would be Daytona/Ormond/Flagler Beach areas or down by Cocoa.

    Just looked at Realtor.com. you can get a 2/1 house a half block walk to either supermarket or beach access for just over $100k or up in Ormond a beachfront condo for under 90k.

    http://www.realtor.com/realestateandhomes-detail/339-Boylston-Ave_Daytona-Beach_FL_32118_M64041-78213?ex=FL562420422

    http://www.realtor.com/realestateandhomes-detail/5500-Ocean-Shore-Blvd-Apt-105_Ormond-Beach_FL_32176_M65447-47149?ex=FL555626454

    The beach there is perfect for long walks. Hard packed sand and extremely gentle slope
  • runnin_stud

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    Feb 12, 2013 6:40 AM GMT
    Jekyll Island, GA is beautiful. If she may be interested in Savannah, GA and doesn't think it is too touristy have her also check into Hilton Head, South Carolina. Happy hunting!
  • runnin_stud

    Posts: 54

    Feb 12, 2013 6:43 AM GMT
    Also, if humidity is the only issue with Florida, I live in Jacksonville and it doesn't get as humid as South Florida does. We get an average array of seasons but never anything ridiculous for the winter. I'm not sure if Jacksonville Beach would be an ideal environment to retire to because there is a beach bar on every corner; however, a little more south is Ponte Vedra Beach. It is a little on the expensive side but has similar weather to what it seems she is looking for.
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    Feb 12, 2013 8:00 PM GMT
    Thx again guys for all the ideas...

    Anybody have any info on Virginia Baech? Is it strictly summer rental there? 6 months rental season? What are the winters like there?

    Jacksonville sounds intriguing.

    Cost for her is probably up to mid 200k...a lot depends od how much she cam makes in rental the first 4-5 years before she retires.

    Thanks again for all the info and keep em coming...

  • Lehurrdurr

    Posts: 146

    Feb 12, 2013 8:22 PM GMT
    i believe you can buy a condo in virginia beach not just seasonally but yearly.
    as any other beach areas, it gets really cold during the winter just because it's closer to the ocean which is why its generally empty and not many people want to be there.

    but.. i suggest you tell her to try out the hamptons.. a bit pricey but will be worth the money and its perfect for her. alot of weird and uptight socialites there! she'd blend in just fine!icon_lol.gif

    or even long island. there's a beautiful beach condo facing directly to the ocean in sayville and its close to st.johns university so thats why its always packed and alot of rich kids rent there
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    Feb 12, 2013 9:44 PM GMT
    imasrxd saidJekyll Island, Georgia




    I spent the most miserable 12 months (actually one week, it felt like a year!) of my life on 'Jerky Island' !! AKA Mousquito-infested swamp!
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    Feb 12, 2013 10:06 PM GMT
    I live on the coast near Virginia Beach. There's a more secluded area called Sandbridge that's away from all the honky-tonk that the resort area has. It's somewhat exclusive and expensive, but wonderful.
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    Feb 12, 2013 10:27 PM GMT
    Aristoshark saidSavannah is a charming town.
    Savannah is also a dying town. I used to do the Savannah contract every summer, but we lost it this year because the market is too low now.

    Hilton Head would be a much better choice.
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    Feb 17, 2013 5:08 PM GMT
    runnin_stud saidAlso, if humidity is the only issue with Florida, I live in Jacksonville and it doesn't get as humid as South Florida does. We get an average array of seasons but never anything ridiculous for the winter. I'm not sure if Jacksonville Beach would be an ideal environment to retire to because there is a beach bar on every corner; however, a little more south is Ponte Vedra Beach. It is a little on the expensive side but has similar weather to what it seems she is looking for.


    Ft Myers Beach always gets a cool Gulf breeze.