When you are considering investing your real estate dollars in a few different markets, side-by-side comparisons are key. So whether you are looking for an investment property or your next vacation home, here’s what a $450,000 home looks like in three oceanfront U.S. locations:
San Pedro (Los Angeles), California:
Starting on the west coast, this “standard starter home” is sandwiched tightly by neighbors with only 4791 square feet on the entire lot. It boasts a recently remodeled kitchen with nearby access to schools and shopping. The kitchen has been totally remodeled with granite counter tops, stainless steel appliances and a breakfast nook.
Square feet: 936
Price per square foot: $470
Ocean View: No
Miles to Beach: 8
On the east coast, this family home is spacious and in a desirable neighborhood. But built in 1937, the original tile floors and much of the interior needs major renovation. The house has an open floor plan with “lots of potential,” per the listing.
List price: $445,000 (for sale by owner)
Square feet: 1703
Price per square foot: $261
Ocean View: No
Miles to Beach: 7
St. Croix, U.S. Virgin Islands:
This beautiful home has sweeping sea views, perched atop a hill on the eastern side of the island. Structured as a 3/2 main house and standalone 1/1 guest house, this property has the potential for two rental incomes. Both are recently remodeled including granite counters; new appliances; wood cabinets; split air-conditioning units; and terrazzo floors.
List price: $439,000
Square feet: 1500
Price per square foot: $293
Ocean View: Yes
Miles to Beach: Less than one
When you’re ready to buy in America’s Paradise, Chris and Kerri Hanley are the authorities on Virgin Islands real estate. As the top broker on-island year after year, Chris has extensive market-specific, real estate expertise with license to sell on St. Thomas too. Contact them today and download their free St. Croix Event Guide: