Best Beach Towns for Buying Foreclosures
10. Santa Cruz, Calif.
Average sale price: $355,604
Average foreclosure discount: 28.17%
The quintessential California beach town, Santa Cruz is located about 75 miles south of San Francisco. It is comfortably situated between thickly wooded mountains and clean sandy beaches. The Santa Cruz boardwalk entertains children and adults alike: It has an amusement park complete with roller coaster, arcades, mini-golf, bowling, shopping and outdoor concerts.
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9. Barnstable, Mass. (Cape Cod)
Average sale price: $237,405
Average foreclosure discount: 30.34%
The Town of Barnstable is comprised of several famous Cape Cod villages, including Hyannis. It's also close to the islands of Martha's Vineyard and Nantucket. Hyannis has a large natural harbor and is the largest recreational boating port on Cape Cod. The Kennedy Compound is also located in Barnstable, in the village of Hyannis Port.
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Average sale price: $345,799
Average foreclosure discount: 30.56%
Honolulu, Hawaii's capital located on the island of Oahu, offers top quality surfing, famous Waikiki Beach and pristine hiking trails. It also has an exemplary public transportation system, which connects its world class shops and restaurants to its relaxing beaches.
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7. Atlantic City, N.J.
Average sale price: $161,819
Average foreclosure discount: 30.38%
Since Las Vegas isn't on the beach, your best bet for being able to gamble and ride waves is Atlantic City, N.J. Besides its familiar street names (see: Monopoly), the city has a world famous boardwalk lined with casinos, shops, restaurants and an amusement park.
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6. Hilton Head Island, S.C.
Average sale price: $202,454
Average foreclosure discount: 31.14%
Hilton Head Island is home to three championship golf courses, including the site of the Verizon Heritage PGA Tour Golf Tournament. It also features award-winning restaurants and shopping, as well as an array of outdoor recreational activities. Here you can enjoy scuba diving, water skiing, fishing charters, cruises and dolphin-watching.
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5. Charleston, S.C.
Average sale price: $159,065
Average foreclosure discount: 34.42%
Charleston prides itself on its beach-side golf courses, one of which was home to the 2012 PGA Championship. The city also comes with a rich history of plantations and historic homes and buildings.
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4. Santa Barbara, Calif.
Average sale price: $274,077
Average foreclosure discount: 38.80%
After a long day enjoying the sunny beaches or hiking in majestic mountains, spend the night tasting some of the finest California wines in Santa Barbara's wine country. The city also has a temperate climate year-round, so it is a great place to live if you want to avoid snowy winters and scorching summers.
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3. Naples-Marco Island, Fla.
Average sale price: $156,148
Average foreclosure discount: 40.43%
Marco Island has miles of white-sand beaches and beautiful year-round weather. Naples, just north of Marco Island, also offers white sand beaches and has world class golf courses and exciting outdoor activities. Naples is also close to Everglades National Park.
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2. Corpus Christi, Texas
Average sale price: $78,851
Average foreclosure discount: 44.38%
Texas has beaches, too! Miles of the Gulf of Mexico shoreline extend across Corpus Christi, where there are plenty of sites and attractions. Visit the U.S.S. Lexington Museum or the Texas State Aquarium. For more outdoor adventures, check out Mustang Island State Park, where you can enjoy fishing, bonfires, kayaking and camping.
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1. Sebastian-Vero Beach, Fla.
Average sale price: $93,188
Average foreclosure discount: 45.11%
Another outdoorsy paradise, Vero Beach offers -- not surprisingly -- miles of beaches and is home to the Pelican Island National Wildlife Reserve. Enjoy airboat tours, scuba diving, snorkeling and many other water and beach sports.
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