U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-12-2007, 11:15 AM
 
4 posts, read 11,220 times
Reputation: 10

Advertisements

Am looking to buy a holiday home in Florida with two other couples. We are all from London, England.

Undecided on location. Would prefer to be no more than 10 miles from a beach and no more than one hour drive from an international airport. We have been thinking of Palm Beach area Boca etc. Our budget is $300,000 - $450,000. Ideally we would like a 4 bedroom, 3 bathroom house in a nice sub division.

Concerned about high property taxes. In UK for this price property we pay about $1500 a year. Also, how much would we have to pay for building/hurricane insurance. I also dont know how your property tax system works. Is it revalued when you buy the house?

Any ideas on location?
Reply With Quote Quick reply to this message

 
Old 12-12-2007, 11:29 AM
 
Location: Coral Springs
96 posts, read 310,495 times
Reputation: 26
Property taxes would most like be $6000 with $4000 - $6000 for property insurance. As you would not qualify for a homestead exemption, which caps Florida residents tax increases on their property to 3% among other things, your property tax would be subject to further increases. It is revalued at the time you buy the house. Also, I recommend you look west of Interstate 95 as private insurers are very difficult to find for those areas.
Reply With Quote Quick reply to this message
 
Old 12-12-2007, 12:01 PM
 
Location: Palm Beach, FL & Napa, CA
2,093 posts, read 4,855,852 times
Reputation: 987
Quote:
Originally Posted by howard0181 View Post
Am looking to buy a holiday home in Florida with two other couples. We are all from London, England.

Undecided on location. Would prefer to be no more than 10 miles from a beach and no more than one hour drive from an international airport. We have been thinking of Palm Beach area Boca etc. Our budget is $300,000 - $450,000. Ideally we would like a 4 bedroom, 3 bathroom house in a nice sub division.

Concerned about high property taxes. In UK for this price property we pay about $1500 a year. Also, how much would we have to pay for building/hurricane insurance. I also dont know how your property tax system works. Is it revalued when you buy the house?

Any ideas on location?

This is a good site to get you started:

http://www.century21sunland.com/

Prices are dropping, but if your not in a hurry I would wait a little longer, this site even gives you the estimated taxes.

Also dont' forget to add Wind Damage to your Insurance premium, that is unless you pay the home off and don't finance.
Reply With Quote Quick reply to this message
 
Old 12-12-2007, 12:46 PM
 
4 posts, read 11,220 times
Reputation: 10
Thanks for replies.

It will be a cash purchase.
Reply With Quote Quick reply to this message
 
Old 12-12-2007, 01:04 PM
 
Location: Vero Beach, Fl
2,949 posts, read 12,178,985 times
Reputation: 2075
You mentioned Palm Beach. Please visit http://www.co.palm-beach.fl.us/papa/index.htm

I live in Broward County and they have an easy to access calculator - check www.bcpa.net or http://www.bcpa.net/TaxCalc.asp

Based on $400,000, taxes would run approx $7300.
Reply With Quote Quick reply to this message
 
Old 12-12-2007, 02:16 PM
 
Location: East Tennessee
3,926 posts, read 10,312,603 times
Reputation: 5212
Quote:
Originally Posted by howard0181 View Post
Am looking to buy a holiday home in Florida with two other couples. We are all from London, England.

Undecided on location. Would prefer to be no more than 10 miles from a beach and no more than one hour drive from an international airport. We have been thinking of Palm Beach area Boca etc. Our budget is $300,000 - $450,000. Ideally we would like a 4 bedroom, 3 bathroom house in a nice sub division.

Concerned about high property taxes. In UK for this price property we pay about $1500 a year. Also, how much would we have to pay for building/hurricane insurance. I also dont know how your property tax system works. Is it revalued when you buy the house?

Any ideas on location?
You might consider looking in Pinellas County as well. The entire peninsula is barely 10 miles across, surrounded by the Gulf of Mexico and Tampa Bay. It is also within a one hour drive of Tampa International Airport. Some of the cities within Pinellas County are St. Petersburg, Clearwater, Palm Harbor, Tarpon Springs, Dunedin, Seminole, Bellair, Indian Rocks, Treasure Island, Boca Ciega and several other small towns as well.

Good luck with your search in the Sunshine State!
Reply With Quote Quick reply to this message
 
Old 12-12-2007, 11:17 PM
LM1
 
Location: NEFL/Chi, IL
833 posts, read 759,620 times
Reputation: 344
While I'm reticent to encourage any more people to move here, Northeast Florida is probably the very best bang for your buck as far as proximity to the ocean (lots of coastline), services, quality of life and real estate prices.

The old saying is that in Florida, there is safe, convenient and cheap.
You can only pick two.

In Northeast Florida, you can almost have all three.
If you want a "big city", Jacksonville is a good choice, however, St. Augustine and St. Johns county is a lovely place that is still very reasonably priced (in relative terms) with all services and amenities.
While I don't recommend St. Johns County for younger people or families with children- as there is somewhat of a lack of "things to do" compared to other places- it's an absolutely superb place for someone like yourself who is looking to buy a home to vacation to a few times a year or less.

Just today, I was out crabbing at my brothers home- he paid $160,000 for it this year... Concrete block home, absolutely STELLAR middle/upper-middle income area (St. Augustine Shores) and we walked from his house right down to the intercoastal waterway and pulled supper right from the salt water. The Atlantic ocean/beach is a short 5 minute drive further.
Reply With Quote Quick reply to this message
 
Old 12-13-2007, 10:56 AM
 
4 posts, read 11,220 times
Reputation: 10
thanks for replies.
Reply With Quote Quick reply to this message
 
Old 12-13-2007, 11:39 AM
 
17,297 posts, read 25,699,152 times
Reputation: 8567
Look into Jupiter and Palm Beach Gardens (both in Palm Beach County). Close enough to glitz, but far enough away if you want to relax.
Reply With Quote Quick reply to this message
 
Old 01-19-2008, 04:00 PM
 
96 posts, read 380,972 times
Reputation: 42
I was told to RUN if I saw a sign saying 'Welcome to Jacksonville', lest you take your life in your hands...Is that not true?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top