10 VALUES IN VACATION HOMES
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10 VALUES IN VACATION HOMES

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The American Dream getaway may finally be affordable -- and a value investment. There are no official industry numbers for tracking housing prices for the vacation property sector. But like the rest of the real estate market nationally, second homes and vacation homes have seen significant price drops. We found smart deals on second-home escapes around the country, from waterfront island getaways to mountain retreats.

See 10 property values between $200,000-$350,000 that grabbed our attention. The slide show tour begins with the navigation to your right.
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10 VALUES IN VACATION HOMES | Slide 2 of 11

Pine City, Minn.

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ASKING PRICE: $209k
1,230 sq. ft.
2 BR / 1.75 BA
FEATURES: Lakeside single-family home

Two hours north of the Twin Cities, Pine City offers an historic downtown with restaurants and shops paired with recreational water activities on Cross Lake, pictured here off the deck of this waterfront property.
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10 VALUES IN VACATION HOMES | Slide 3 of 11

Lincoln City, Ore.

www.dennisregen.com

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ASKING PRICE: $209k
1103 sq. ft.
3 BR / 2 BA
FEATURES: Canal-front villa


Oregon offers 363 miles of Pacific Coast byways to explore. About two hours southwest of Portland lies the first of Oregon's three primary coastal towns, Lincoln City, which has a 680-acre lake and river connecting to the Pacific.
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10 VALUES IN VACATION HOMES | Slide 4 of 11

Miami Beach, Fla.

www.miamism.com

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ASKING PRICE: $225k
1,145 sq. ft.
1 BR / 1.5 BA
FEATURES: Marina-side condo

You can own a piece of sizzling Miami Beach. This one-bedroom condo in Normandy Isles overlooks Biscayne Bay with marina views.
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10 VALUES IN VACATION HOMES | Slide 5 of 11

Hutchinson Island, Fla.

www.advancedconceptsrealty.com

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ASKING PRICE: $235k
1970 sq. ft.
2 BR / 2 BA
FEATURES: Dockside harbor condo

Watch the boats from the sun room of this Harbor Isle condo on Hutchinson Island, a barrier island surrounded by the Atlantic Ocean, St. Lucie inlet and the Indian River.
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10 VALUES IN VACATION HOMES | Slide 6 of 11

Limerick, Maine

www.agency1re.com

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ASKING PRICE: $264,900
N/A sq. ft.
3 BR / 1 BA
FEATURES: Lakeside single-family, furnished

The state's stable real estate market, historically protected from bubbles and busts, offers a safe place to search for a second home or investment property.

Situated 30 miles west of Portland, Me., this home on Lake Arrowhead offers 110 feet of gradual sandy beach lakefront, a new kitchen and comes furnished.
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10 VALUES IN VACATION HOMES | Slide 7 of 11

Hilton Head Island, S.C.

www.hiltonheadrealestates.com

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ASKING PRICE: $269k
1160 sq. ft.
2 BR / 1 BA
FEATURES: Poolside-villa

Hilton Head Island, about an hour north from Savannah, Ga., offers some of the best beaches, golfing and seafood on the East Coast, with plenty of real estate inventory. The view from this condo at the Hilton Head Beach Club Villas captures the beauty one finds just about anywhere on the island.
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10 VALUES IN VACATION HOMES | Slide 8 of 11

Manitou Springs, Colo.

www.cheriseselley.com

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ASKING PRICE: $275k
1560 sq. ft.
2 BR / 2.5 BA
FEATURES: Mountain views, gated single-family community

Manitou Springs is less than ten miles outside of Colorado Springs (our fifth ranked city for 2008), an historic town, restaurants with artisian galleries plus local hiking and skiing on Pikes Peak. The property is also only 65 miles from Denver.
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10 VALUES IN VACATION HOMES | Slide 9 of 11

Mesa, Ariz.

www.russlyon.com

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ASKING PRICE: $329k
2250 sq. ft.
4 BR / 2 BA
FEATURES: Private pool, single-family home

Mesa is an appealing alternative to the crowds and traffic of Phoenix. For Sun City residents to the northwest of Mesa, it's an attractive area for second homes.
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10 VALUES IN VACATION HOMES | Slide 10 of 11

Nags Head, N. C.

Sheri Ducharme, www.williamewood.com

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ASKING PRICE: $329k
2,016 sq. ft.
4 BR / 3 BA
FEATURES: Oceanfront single-family home

This rustic North Carolina town is a favorite escape for beachcombers in the mid-Atlantic region. We found this beach house listed $100k below assessment with a reported annual rental income of $30k.
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10 VALUES IN VACATION HOMES | Slide 11 of 11

South Padre Island, Tex.

www.spiproperty.com

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ASKING PRICE: $350k
1,252 sq. ft.
2 BR / 2 BA
FEATURES: Marina-side condo, includes boat slip

This subtropical barrier island along the Texas Gulf Coast hasn't suffered a major hurricane since 1967 (Hurricane Beulah). It's a favorite convention and spring break hot spot with room for upscale living, golfing and boating.
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