|
NEW YORK (MONEY Magazine) -
Known for beautiful terrain and temperate weather -- average highs are 69F in August and 51F in February -- the area from Cannon Beach to Newport is popular with surfers, as well as hikers, birders and whale watchers.
Swimmers? No way, dude. Even in the summer, ocean temperatures don't rise above 60F.
"Not a place for swimming," says beach expert Leatherman. "With the riptides and the occasional log in the waves, it can be quite dangerous."
That's not a big enough drawback to prevent a surge in demand for homes on the beach.
Click here for a gallery of affordable beach homes
"If only you'd been here last year," says realtor Leslie Green, noting that the selection under $500,000 was better just months earlier.
Nicer three-bedroom homes on the beach now start at $600,000, but a cute one-bedroom beachfront cottage in Newport listed for $389,000. In Lincoln City, two-bedroom condos in the four-story Waters Edge complex sell for $220,000 -- furnished.
Best deal: a three-bedroom, 2.5-bath townhouse in Pacific City's Shorepine Village for $429,000. Annual dues: $865. Net rental income: $22,000. Enough, perhaps, to help pay for a heated pool.
What about lake homes?
Need a vacation? Click here for MONEY's Best Places to Vacation.
If you DO have a million to spend, here's a look at what you can get.
|
