Going Coastal

March 3, 2008 at 12:07 am 2 comments


Originally uploaded by thenelsonproject

Loved the special report in the real estate section of today’s Austin American Statesman regarding gulf coast living and the health of the related condo and development market. Texas markets including the TX coast remain some of the healthiest real estate markets in the country. The article tells us that “nearly two-thirds of the states’ shoreline is protected from development [love that]. But where it’s permitted, development has been revving up, from Galveston to Mustang Island.” And Corpus and South Padre. It’s all good.

The TX gulf is a great place for a bargain. “For anyone interested in oceanfront property, it’s the only game left where you can get in for less than $1 million,” says Jim Gaines, research economist at the Texas A&M University Real Estate Center. Heck, you can get in for under $250k. I’ll personally stick to the $219k new ICF construction town home I am building 2 blocks from the beach in Port Aransas. It’s called The Commons and fits nicely into my budget and my plans to invest outside of Austin and, quite possibly, retire or semi-retire to Port Aransas in 9 or so years. Yes, you can purchase 2 blocks from the beach for under $250k. I’m thinking get in now while you can.

One thing I found in the article that I totally had not considered has to do with foreign investment. “Because of the falling dollar, it’s like a 30%-off sale for homes in the States. And if you’re a European or Mexican who’s looking for coastal property, it’s far more affordable here than anywhere else.”

The fishing’s great. So is the real estate.

Here’s the link: http://www.statesman.com/business/content/business/stories/statesmanhomes/03/02/0302gulfcoast.html

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© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

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Entry filed under: Port Aransas, Smart Real Estate.

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2 Comments Add your own

  • 1. Toronto lofts  |  March 3, 2008 at 12:03 pm

    It’s excellent investment I believe and more excellent place to live! I especially liked that nearly two-thirds of the states’ shoreline is protected from development part. Real estate development is nice, but there have to be strict rules to protect country and enviroment. We are delaing Toronto houses for sale, so they are usually built in already urbanized areas, but I feel sorry for every tree which has to be cut because of buildings.

    Reply
  • 2. Cocoa Florida Real Estate  |  March 3, 2008 at 1:04 pm

    Wow 250,000 for a home two blocks from the beach haven’t seen that in my area in years. I live that close to the beach here in Florida and most homes are going for 350,000 and up to 1,000,000

    Reply

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© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2016-2020. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

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