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Whether you're serious about buying a vacation home or just researching your options, our friends at Clever Real Estate can help. Clever's fully licensed, in-house concierge team can connect you with the best local real estate agents in your favorite vacation destination. You can learn about local real estate markets from experienced real estate agents who have a proven track record of helping home buyers land their dream homes. For buyers approaching the end of their working life and looking for a stress-free destination to enjoy their next phase of life, where are the best places to retire in the Caribbean?
Water lovers can spend the day at Lake Glenville, which has swimming, water-skiing, and three breathtaking waterfalls to cool off in. About an hour from Milwaukee and situated along the Kettle Moraine State Forest, Whitewater is a fine spot for hiking, mountain biking, or horseback riding through its dappled woods and vast prairies. Jillian Dara is a freelance journalist with a focus on travel, spirits, wine, food, and culture. Outside of Travel + Leisure, her work has appeared in USA Today, Elite Traveler, Forbes, Wine Enthusiast, Michelin guides, and Hemispheres, among others.
Top 25 best places to buy a vacation home
Homes a short drive from Trunk Bay, perhaps the island’s best known and most breathtaking beach, can range from $800,000 to over $4 million. On a stroll through the oceanside community of Playa Bonita, you’ll spot pastel-colored boats bobbing in the water and pink and yellow cottages. This quiet fishing town has grown into a vibrant Spanish, French, and Italian expat community. European pastry shops have even popped up to serve the nonlocals, according to reviews on TripAdvisor.com.
Most live here full time, but that’s not deterring buyers from scooping up second homes here. Home to the University of Wisconsin-Whitewater, this college town has lots of cultural activities as well. Theater productions are put on throughout the year, and there are a host of galleries to explore. Folks who like to entertain can snag a three-bedroom, single-family home with room to spread out just listed for $364,900. It’s located in the Pocono Mountains, where there are plenty of things to do year-round, including four-season hiking, lake swimming in the summer, and skiing in the winter.
Lake Havasu City, AZ
The area is also famous for its lobster season—and lobster miniseason—when visitors can pluck dinner straight from the ocean. After a day on the seas, retreat to one the many vacation rental homes perched along the canals that lead out to the ocean and range from cozy cottages to modern homes. The median home sale price rests around $490,000, but can reel in a cap rate of 8.5%.
Picturesque villas usually boast seven-digit price tags, and affordable options might make a Fyre Festival tent resemble a dream home. Add in a daunting blend of foreign buying restrictions and regulations, unstable local economies, as well as crime, and your beach fantasy can turn into a living nightmare. In February 2022, the median sales price on the island was $2.15 million, an increase of $437,500 compared to last year, according to a market report by Long & Foster. Gensemer added that only 14% of homes are used year-round, making Seven Mile Island the ultimate summer getaway for most homeowners.
Hatteras Island, North Carolina
The north coast of the island has some of the finest beaches in the Caribbean, the east coast is a sportsman’s paradise with some of the newest designer golf courses in the region. The vibrant expat community on Roatán means you’ll never be short of friends or things to do. Boating trips to nearby cays…parties, cookouts, potlucks, and other celebrations…beach barbecues …dinners out… The social life is great. This is an island where “normal” people can buy a vacation home or permanent digs to live out their sunny, low-cost, and comfortable retirement.
Our friends at Clever can match you with trusted local real estate agents and help you get 0.5% cash back. Vacation homes in Tucson are more affordable than in the rest of the state. The typical home value is just $331,027 compared to the state’s average of $448,325. Before you buy, also consider that you’ll pay just over $2,000 in property taxes. However, the property tax rate is well below the national average of 1.07%, and the occupancy rate is a high 75%.
Demand for real estate throughout Hawaii is strong and outweighs supply significantly. An increasing number of people desiring vacation homes are even purchasing them sight unseen, according to data from Vacasa. Buyers are relying on their agent's assessment of the home along with online tools because properties are selling so quickly. Grand Bahama Island has become a haven for beach-lovers as well as divers, fishermen, golfers, and sports enthusiasts of all kinds.
Like other expats who live there for all or part of the year, these stars often think of the Bahamas as a paradise—an upscale group of islands with some of the most beautiful beaches in the world. The Bahamas are friendly to newcomers, there’s no foreign language to cope with, crime is relatively low, and the islands are positioned just off the Florida coast. Though Columbus made many mistakes on his first voyage to the New World, he was right about the island, now known as Hispaniola, the eastern part of which is the Dominican Republic. If you are looking to acquire real estate and gain citizenship to a country, there are several island nations that offer Citizenship by Investment programs. The program, however, does have costs and fees, and the benefits differ between locals. Some of the best places to buy in the Caribbean to take advantage of this offer include Antigua and Barbuda, Dominica, Grenada, and St. Lucia.
Situated in an up-market cul-de-sac comprising of just a handful of quality homes, this villa comes to the market because ... A grand property with the finishing touches left to buyers to suit their taste. This newly built very well constructed property situated at Mount Hardy is very spacious and has 5 bedrooms all en ... He previously wrote for Bloomberg Businessweek and the Chronicle of Higher Education. If you can pull yourself off the beach, you can keep yourself busy zip lining at nearby SkyTrek Safaris, shooting craps at the local casino, or frolicking with dolphins. Crane Bay is home to Crane Beach, routinely recognized as one of the prettiest beaches in the Caribbean.
Stop by the Seaside Aquarium to feed the seals, who each have their own unique ways to get your attention. Those who want to spend time in the water will find waves ripe for surfing and a bay ideal for kayaking. With a 5.2% cap rate, homeowners in Seaside can enjoy approximately $45,000 annual gross rental revenue. Are you wondering where are the best places to buy a home in the Caribbean?
From the food to the culture, there's not much to dislike about Aruba - including its low real estate prices. Houses can be found relatively easy and flexible to most budgets, ranging in price from a starting number of $60,000 to $250,000, according toReal Estate Agent. Since Aruba is a consistent Caribbean getaway for most people, there's a very slim chance that any investment will lose its value. This hidden, laid back, small condo community is exactly what we love about northwest Maui.
Outstanding beach front property located in Bahama palm Shores Section 3,quiet neighbourhood off the beaten path. A bit away from the beach, mansions with pools and a guest cottage can exceed $4 million. To purchase real estate, most Americans acquire a land-holding license, which requires hiring a local lawyer. Americans are treated just like Barbados citizens when it comes to buying a home, including having the same transaction costs and taxation. But as with many Caribbean home purchases, you’ll need to be ready to pay in all cash. According to Quintyne, Barbados requires foreign buyers to have funds upfront.
Trout fishing is also a big sport here, especially in the clean, cool waters of Lake Taneycomo. Like the rest of the real estate market, vacation homes are getting far more expensive, putting them further out of reach of many would-be buyers. Some urban dwellers are even choosing to buy a secondary home before securing a primary residence because they can’t afford the type of home they home would like to buy, sending prices even higher.
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