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Cheapest Beachfront Property in the U.S.

Beachfront property prices in the United States are by no means low and have been growing explosively in the last few years. However, the housing bubble of 2008 and 2009 gave a huge hit to housing prices, especially in areas like Florida. While the housing bubble is having disastrous effects on the economy as a whole, you can find a silver lining in it if you have some extra cash saved up. Florida beachfront property is a fraction of the price that it was just a few short years ago, especially if you can find foreclosure auctions. While property prices may not end up having the same explosive growth that they’ve had in recent years, if you’d like to have a beach home and have some years to sit on the investment, property prices will eventually rise again. Just make sure that you are in the financial position to handle the mortgage.

Cheap Beachfront Property in the World

If you really want to find very cheap beach front property, as well as a lower cost of living, you’ll need to leave the shores of the United States and travel to other countries. Many place in Latin America welcome investment and are home to pristine coasts and tropical surroundings that are unmatched even in the most expensive communities in the U.S.

One very popular destination for expats from the U.S. in recent years has been Costa Rica. Costa Rica has incredibly temperate weather, great surroundings, several different ecological zones, and mile upon mile of pristine coast on either side. Property prices here are still relatively cheap compared to those in the U.S., but they have jumped exponentially in the last ten years as more and more people have found out about it. If you’re looking for a more upscale location though, Costa Rica is definitely for you as it’s home to a very vibrant expat community and has many gated developments to choose from.

It seems one of the best options for cheap real estate in Latin America today is Equator. It has some of the cheapest property in the world right now. Equator is situated right on the equator and because of this has weather that remarkably resembles Hawaii’s year round and the beaches are just as good. It is only a few hours flight from Miami and investment from foreigners is welcomed and encouraged, unlike in some other countries like the Philippines.

If you want a Caribbean atmosphere, St. Lucia and Grenada are home to some great pieces of cheap ocean front property. St. Lucia, in particular, has property prices that are almost sixty percent lower than those in nearby Barbados. Panama and the northeast coast of Brazil are also great options to find reasonable priced property in Latin America.

How to Find Cheap Beachfront Property Abroad

When you’re attempting to buy beachfront property in another country, you need to be incredibly cautious. Start your primary research on the internet, but don’t try to close the sale or sign any contracts without visiting the country first. Make sure it’s a place you want to live and spend a few weeks getting to know some of the locals. If you make friends with them, they should be able to suggest an honest real estate agent to you. Most listings online are actually marked up significantly for the internet and you can usually find much lower offers in country.

If you really want to find the cheapest beachfront real estate in the world, you’re going to have to leave the shores of the U.S. and head to another country further afield. But before you do this, make sure that it’s actually what you want. Are you going to be using the property mostly for a long weekend getaway? If that’s the case, it may not be worth the time and money it takes to fly to a remote Latin American location. In fact, before you’re done flying to and from your location, you might actually end up spending more than if you bought a property closer to home. Make sure you know exactly what you want before you buy.

Related posts:

1. 7 Reasons to Buy Costa Rica Beachfront Property
2. Costa Rica Condo Rentals: Ideal for Vacationing or Investment
3. Belize Property: 8 Great Reasons You Should Buy Today