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Old 10-03-2017, 05:59 PM
 
12,662 posts, read 6,490,007 times
Reputation: 4726

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Quote:
Originally Posted by Brando is Alive View Post
Thanks ya'all. I suppose I should expand a little or re-phrase my question. If you were already retired, your income was relatively good for Florida ($100k), no children, no debt. My goal was a house ON the beach but it would have to be a small fixer-upper house or my second option, a super nice big turn key Condo ON the beach with all amenities like pools, jacuzzi, gym and no maintenance and have money leftover for a small second home.

Looking at east central/north coast Florida. Keys would be super nice but $1M is not much there.

1) Fixer-upper small beach house beachfront

2) Turn key super nice Condo beachfront w/all amenities with funds to spare.

3) ?
Look from New Smyrna Beach to Cocoa Beach and a bit south.
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Old 10-03-2017, 07:17 PM
 
20 posts, read 2,162 times
Reputation: 13
Quote:
Originally Posted by Jimrob1 View Post
I would definitely leave Florida, and the USA.
Viable idea. I'm considering w/funds leftover a small little place in Colombia.
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Old 10-03-2017, 07:19 PM
 
20 posts, read 2,162 times
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Quote:
Originally Posted by expatCA View Post
Look from New Smyrna Beach to Cocoa Beach and a bit south.
I considered Anna Maria Island and north of Tampa but ultimately decided this area you mentioned.
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Old 10-03-2017, 07:27 PM
 
20 posts, read 2,162 times
Reputation: 13
If you had to choose?

Stay in Florida ....

1) Fixer-upper small beach house ON the beach.

2) Turn key super nice modern/renovated Condo beachfront w/all amenities and funds leftover.

3) Large new custom home on some land inland.

4) Move out of Florida to _________ (Quality of life compromised. Making new friends again, stress relocating, starting over, moving expenses, changing up your life gets harder as we age.)

Last edited by Brando is Alive; 10-03-2017 at 08:01 PM..
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Old 10-03-2017, 09:57 PM
 
Location: Miami-Jax
4,773 posts, read 5,284,128 times
Reputation: 2264
Quote:
Originally Posted by Brando is Alive View Post
Thanks ya'all. I suppose I should expand a little or re-phrase my question. If you were already retired, your income was relatively good for Florida ($100k), no children, no debt. My goal was a house ON the beach but it would have to be a small fixer-upper house or my second option, a super nice big turn key Condo ON the beach with all amenities like pools, jacuzzi, gym and no maintenance and have money leftover for a small second home.

Looking at east central/north coast Florida. Keys would be super nice but $1M is not much there.

1) Fixer-upper small beach house beachfront

2) Turn key super nice Condo beachfront w/all amenities with funds to spare.

3) ?
You can get ON the beach in Jax area. The homes and the locations are really nice and very desirable. But the water itself is not the gorgeous, clear blue water that you find throughout the southern half of FL. So if that's what you're imagining, it will never be that.
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Old 10-03-2017, 10:02 PM
 
Location: South Beach and DT Raleigh
10,821 posts, read 16,118,336 times
Reputation: 9626
Quote:
Originally Posted by BucFan View Post
$1 mil isn't a lot of money anymore
Tear-downs on waterfront lots on the Venetian Islands in Biscayne Bay are going for $7M+.

A million isn't what it used to be!

Oh....and thanks for separating "a lot" into two words.
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Old 10-03-2017, 10:04 PM
 
Location: Miami-Jax
4,773 posts, read 5,284,128 times
Reputation: 2264
And if you are retired age it is impressive that you use the term trolling properly My parents would have no clue what that means...
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Old 10-03-2017, 10:11 PM
 
20 posts, read 2,162 times
Reputation: 13
Quote:
Originally Posted by rnc2mbfl View Post
Tear-downs on waterfront lots on the Venetian Islands in Biscayne Bay are going for $7M+.
$7M+ for a tear down lot in waterfront VI-Biscayne Bay? Are you kidding me?
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Old 10-03-2017, 10:52 PM
 
Location: Nashville TN, Cincinnati, OH
1,031 posts, read 448,012 times
Reputation: 1101
1 million in cash a is still lot money, way better than a million tied up in assets. I am assuming you mean cash. You can still do quite a bit with a million in cash. Florida is a good state to with a lot of money still for obvious reasons like NY AND CA where the taxes are too high.

Last edited by Vanderbiltgrad; 10-03-2017 at 11:15 PM..
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Old 10-03-2017, 10:53 PM
 
6,991 posts, read 8,581,343 times
Reputation: 3367
Quote:
Originally Posted by Brando is Alive View Post
$7M+ for a tear down lot in waterfront VI-Biscayne Bay? Are you kidding me?
Wouldn't surprise me....location, location... land value
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