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Are You Dreaming of Retirement on the Water?

Posted by Shanna Tingom, AAMS® on Aug 10, 2021 8:35:00 AM

Are You Dreaming of Retirement on the Water?


You have probably seen a lot of articles about the best places to retire in general. There are tons of options, including living in an RV or buying a small home in Australia. But what if you want to live on the water? What is one of the most affordable ways for someone looking to retire on the water? It turns out that there are many wonderful options!

This article will explore some top choices for people looking for retirement properties near and on the water.

In the US, retirees are looking to Florida as a top affordable place. It is the third most populous state in America. It has some of the world's most expensive real estate markets, which means that prices for waterfront property can be significantly lower than inland or even other coastal regions like California.

Miami, Florida

Miami is an area of Florida with a popular destination for retirees. It is home to many attractions, activities, and people who speak languages other than English which means that there are plenty of opportunities for cultural exchange.

Miami has the second most expensive real estate market in America. Still, it also has some affordable waterfront property, including homes priced from $200,000 to $400,000 or condos at around half a million dollars.

Palm Beach County, Florida

Florida's Palm Beach County offers retirement properties on the water as well! One-third of all housing here consists of single-family dwellings, which have an average price tag of just under half a million bucks - not too hard on your wallet when you're retired! The city also features high-quality healthcare facilities and plenty of activities to keep you busy.

San Diego County, California

Much like Palm Beach County in Florida, San Diego has some inexpensive waterfront property perfect for retiring on the water at just over $500,000. You'll find everything from condos overlooking beautiful beaches to charming cottages on the waterfront. The city also has a wide range of activities for retirees, including biking, hiking, and golfing!

Lake County, Illinois

Located in Northern Illinois, just north of Chicago, you'll find Lake county, where retirement properties on the water come at an average price tag of around $315,000. You can choose from condos overlooking beautiful scenery to lakeside cottages situated along sandy beaches. Other fun events include festivals and boat tours throughout the year - making this one affordable place to retire!

Chattanooga, Tennessee

Offering all sorts of different housing options, Chattanooga is another great option if your dreaming of retiring by the water. From historic Victorian homes near downtown or lovely waterfront properties on Lookout Mountain, you're sure to find the perfect home in Chattanooga.

Sunset Beach, North Carolina

Sunset Beach is a great place for retirement living with plenty of options, including waterfront homes and condos overlooking historic fishing villages or private beachfront estates right in town. The average price of buying property here is $235,000, making this one affordable place to retire!

Everglades City, Florida

If there's any place that sounds like it should be at the top of your list, it's Everglades City - just ask Jimmy Buffett! With beautiful beaches and warm weather year-round, it seems only fitting that you'll have access to all sorts of fun activities from gardening and kayaking down mangrove channels as well as the alligators that call this place home. The average price of buying a property in Everglades City is $201,000, making it an affordable retirement destination!

The Gulf Coast

The Gulf Coast region includes Louisiana, Mississippi, Alabama, and parts of Texas. All have great rates on homes with water view properties available at lower costs per square foot than many inland areas.

South Carolina

South Carolina also offers cheap housing options near the water without sacrificing amenities such as scenic views of natural beauty thanks to beautiful spots like Charleston Harbor - The Nation's First Federal Health & Wellness Sanctuary recognized by Congress for its healing waters!


Maine also makes for a great retirement destination. The state is home to the largest freshwater lake in New England, Sebago Lake, or if you prefer oceanfront views, then Maine offers plenty of coastlines too!