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REAL ESTATE
From the RealEstateJournal Archives

Overseas Homes

by Sheree R. Curry
Special to The Wall Street Journal
April 28, 2005

Many Americans are looking for good property deals abroad. Popular are homes that have gardens or a bit of history, or those near a beach or town center. Here are three fixer-uppers for less than $200,000.

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PLACE/PRICE: São Jorge, Azores; €24,800 ($32,212)

REGION: One of the nine Portuguese islands

THE PROPERTY: 2-story home with 2 bedrooms

DESCRIPTION: Constructed of stone and cement, this late 1800s home has a full basement. Included is an adjacent plot of land to build another house or a garage and two additional plots across the private driveway.

NOTABLE: With a view of the Atlantic Ocean and the islands of Terceira and Graciosa, this home in Norte Grande is close to the beach and only a four-hour flight from Boston.

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PLACE/PRICE: Todi, Italy; €110,000 ($142,875)

REGION: Umbria

THE PROPERTY: 2-story home with 3 bedrooms and 1 bath

DESCRIPTION: This home has 19th-century stone covering 60% of the façade. From the 1,400-square-meter garden, the owner can view olive groves, vineyards, green hills and castles.

NOTABLE: In a historical borgo about 3.5 miles from town, this home is in need of full renovation. Architect-owner is willing to help new owner apply for permits and finish renovation.

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PLACE/PRICE: Obzor, Bulgaria; €150,000 ($194,830)

REGION: Black Sea coast of Burgas

THE PROPERTY: 3-story home with 5 bedrooms and 3 baths

DESCRIPTION: This 1999 home has a wine cellar, a wood-burning fireplace, a sauna, a second-floor office and terracotta floors. There is also a winter garden with barbecue area.

NOTABLE: There are panoramic views from three terraces, including a view of the Black Sea from the balcony. The property, which has a garage, is near the beach.

Sources: international-realestateforsale.com; azores-express.com; welcomeservice.it; international-homes.com

Email your comments to rjeditor@dowjones.com.


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