Registered Nurse (ICU) · San Jose, CA · Member since 2014 · 496 posts · 332 votes
My father is interested in possibly getting a retirement home close to the Ocean. What markets close to the ocean would be the most affordable for both retirement and getting a few buy and hold cash flow investments on the side?
Investor · Malaga, Andalucía · Member since 2014 · 150 posts · 73 votes
11y
Since you said affordable - and didn't actually say California - how about somewhere in Europe? I can tell you that you can buy a gorgeous apartment on the Costa del Sol here in Spain (a very international area, and direct flights SFO to Malaga) for under $200,000 any day of the week. There's huge potential for VR rental there too, whether for the primary residence when not in use or for other properties. Cost of living is remarkably low here, so whatever the retirement income is it'll definitely stretch far. I'm not trying to sell you anything, but I could point you in the right direction if that sounded interesting.
Real Estate Agent · Mira Mesa, CA · Member since 2014 · 218 posts · 49 votes
10y
@Jay Hinrichs YES! That's El Dorado. It's about 30 minutes south San Felipe. Some of the same developers are building a new settlement named Rancho Costa Verde a little farther south. I just put a deposit down on a 0.25 acre lot at RCV.
Both developments have lots for sale however, there are still very few lots that have properties built on them. It's slowly accelerating though now that the roads are better. Here are some pix of my trip to RCV. Let me know if would like more details!!!