05-17-2023, 06:13 PM | #1 |
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Mid/Southern Florida Real Estate
Looking for recommendations on areas in the middle to southern parts of Florida.
I don't need much and value safety, security, peace, and quiet more than anything else like some fancy architecture. It's just me and two cars so I don't need much space, either. A big reason for desiring these areas is because they have a fairly large population of Brazilian and other South American peoples, and I've always seen myself living by the coast towards the end of my days. Anyone have certain areas they could recommend that would check off a few of those boxes? Probably more inland I'd imagine. I don't have to be right on the sand. I'm also not swinging a big dick made of cash like Micvite and would like to keep it $500k and under. Last edited by nerdogray; 05-17-2023 at 06:20 PM.. |
05-17-2023, 06:22 PM | #2 |
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If you are looking to reside in the areas popular with Brazilians and South Americans you are going to have to look at western Broward or Miami. And for around $500k, that is going to limit you in those areas.
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05-18-2023, 10:46 AM | #3 | |
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IMO South Florida is the complete opposite of all that. I live an hour north of Miami and I can't get any peace and quiet around here. Anyways you didn't say what kind of home you are looking for, single family, condo, townhouse etc. A single family for that price in Broward or Dade will be hard to find. You can find them, but they are typically tiny like 1200 sqft or less, typically need work and/or are in bad areas. If I was forced to move to Broward or Dade I might look into Homestead or maybe Hollywood. If you are looking into condos or townhouses then you may have more options, but then you have to deal with HOA fees and assessments. |
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05-18-2023, 11:20 AM | #4 | |
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05-18-2023, 12:03 PM | #5 |
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I live in Northern Palm County..Village of Tequesta..this is a great slice of quiet/calm and w our beach is dog friendly and always voted in the top 10 beaches in the US.Now .the village is 99% WASP af..no Brazil babes this far north. Single family homes are in the $799k to $14M range now
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05-18-2023, 12:18 PM | #6 | |
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05-18-2023, 01:59 PM | #8 |
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Got an agent focusing on the Jupiter area. Thanks for the assist, everyone. Really helps. I really hope I can put TN in my rearview mirror soon. After a little over 40 years here, I'm ready for something new and coastal... too many bad memories here and need a new locale to make fresh ones.
Last edited by nerdogray; 05-18-2023 at 02:14 PM.. |
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05-18-2023, 02:25 PM | #9 | |
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Good luck.
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05-18-2023, 05:02 PM | #10 | |
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If you don't the further north the more peace and quiet and the further your $$ will go. If you are willing to be further from the beach... and pretty much further from everything you can get a decent house with 1-2 acres out in Loxahatchee for $500-$650k. Jupiter is nice also. Wellington is also nice. With $650k you can probably find something in that area that's decent.... definitely waaaaay better than anything in Miami for that price. |
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05-18-2023, 05:07 PM | #11 | |
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My requirements have kind of moved around in the past day just with new information. I had Broward County in my mind because that's just the area in which I had most direct, personal experience, but with all this new information, I'd be better served elsewhere. My agent said there's a new development called Westlake that is west of Jupiter, all new construction. But it's quite a bit inland.. like 20 miles or so I think he said. Really would prefer closer to the sea, to the point I can smell it on the air. I'm working on getting re-preapproved and will see where I'm at with financing, though. It may be that I have to go inland to follow more aggressive pricing. Every year for the past five years, I've poked my head out, started looking, got preapproved, only to get disgusted and just lease again... thinking to myself "next year should be better, this is crazy." Well each "next year" has done nothing but get worse. Rates are horrible, but rentals are over-the-top now, too. |
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05-18-2023, 06:32 PM | #12 | |
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The downside is you're in the middle of nowhere, although I'm sure more stuff will be built out in the area with all the houses out there now. They are mega communities so you have to deal with HOAs and fees etc, which may be worth it if you use the amenities, but not if you don't. We have debated buying out there, but for me with current prices, interest rates, added taxes etc it doesn't seem worth it to move. Plus we have the house in NC to get away from all the chaos here. I think the only way I would move is either a really nice house with huge garage and acreage out in Loxahatchee or a nice beach house somewhere else in like "old" Florida. |
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05-18-2023, 09:16 PM | #13 |
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33414 but you'll need to drive to find great restaurants. Safe, interesting seasonal residents (equestrians) and great town services / well run. $500K might be hard to find though.
Westlake is too far west and everything surrounding it is rural. We are far west and its a 20-30 minute ride from us. That wouldn't be my choice, although tons of people have bought there. I doubt you will find anything anywhere near $500K in Jupiter (or even Jupiter Farms with dirt roads). Tequesta is nice, not sure if fits budget. Maybe a little further north in Stuart. Make sure the house has either impact resistant glass or at least shutters. Also, check the roof age (better be under 20 years and preferably under 10) and prepare yourself for insurance shock.
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05-18-2023, 09:38 PM | #14 | |
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Your recommendation of Wellington also falls in line with the recommendation of Arden. $500k's are doable, but far more properties are at that $600k+ mark it seems. If I had to guess based on the plans, Westlake intends to try and become the epicenter of another fully developed town it looks like Wellington has become. Total guess, though. I'm winging all of this from a starting point of complete ignorance. |
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05-18-2023, 09:54 PM | #15 | |
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Also taxes are significantly higher than in NC although the house in NC is in a pretty rural area. Still probably like 5x in FL compared to NC. And keep in mind most of the sites that show tax data on properties are showing what the current owners are paying which is probably based on a much lower value. I've seen a few posts on Nextdoor of people freaking out about their property tax after buying a property. |
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05-18-2023, 10:03 PM | #16 |
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That's a spicy premium. Already expecting to get ripped by an HOA, but with trying to keep track of everything else had not reached a point of thinking about insurance or tax. I looked at one property that had an HOA of $1474 or something. I assumed that was a total that included "club fees" for the golf course. I cannot imagine loving golf as much as half of an M5.
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05-18-2023, 10:15 PM | #17 | |
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05-18-2023, 10:16 PM | #18 | |
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And, yes, anything closer to the beach is going to cost a lot more and be more of a storm / insurance risk. We love South Florida and don’t want to live anywhere else, but a lot of people move here not fully aware of “regional challenges” like storm preparation and insurance costs. There are some offsets - winters have incredible weather and no state income tax, to name a couple. So my advice is to take a trip down and drive through all the various areas you are considering and areas you may not live but might frequent to pick an area that works best all around within your budget.
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05-19-2023, 05:34 AM | #19 |
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I know this has been mentioned but i'll add that the FL real estate market has absolutely gone bonkers... things are +100% since 3 years ago and there is little inventory... this is not confined to any part of the state either. Also, as someone mentioned, your home insurance will be the highest in the nation... if you even find someone happy to insure you lol... honestly i don't know how normal people make it here anymore.
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05-19-2023, 08:41 AM | #20 |
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I took a look at the purchase histories, and it's crazy. Properties that were going for $150k's in 2018 are now well into $400k's.. Definitely a brute force move to get into the market right now. I'm suspecting preapproval will come back with a number that isn't even possible for the market there.
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05-19-2023, 08:54 AM | #21 |
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We have been in south Florida for going on 5 years after being lifers in NYS. Yes RE is crazy here.. our house has doubled in value since moving here. We love everything about it except driving is the absolute worst. Its bad enough that we are daydreaming of moving a bit north out of PBC.
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05-19-2023, 03:02 PM | #22 | |
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If I had family/friends in Miami I'd seriously consider a move.
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