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REAL ESTATE
From the RealEstateJournal Archives

Top Spots
For Second Homes

by Raymund Flandez
From The Wall Street Journal Online
May 12, 2005

Naples, Fla., ranked as the most popular second-home destination, according to a study by EscapeHomes.com of home-buyer searches online last month. A look at homes in three other cities that made the top 10 Second Home Market Index.

* * *

[South Ponte Vedra Beach, Fla.]

PLACE/PRICE: South Ponte Vedra Beach, Fla., $625,000

PROPERTY TAX*: $9,332 per year

THE PROPERTY: 2,330 square feet, with 3 bedrooms, 2 baths, north of St. Augustine in a private marsh-front lot

DESCRIPTION: Beach home is constructed of concrete block with stucco finish. A room upstairs has views of the salt marsh and intracoastal waterway. A pool is heated for year-round swimming.

NOTABLE: The St. Augustine area ranked No. 7 on the index. The home is situated in a gated seaside community with tennis courts, a beachfront pavilion and private access to a beach.

* * *

[South Padre Island, Texas]

PLACE/PRICE: South Padre Island, Texas, $675,000

PROPERTY TAX*: $8,000 per year

THE PROPERTY: 2,500 square feet, with 3 bedrooms, 2.5 baths, just a 20-minute drive from Mexico

DESCRIPTION: Plantation-style home comes with a swimming pool and balconies in the front and back of the house. The property has a three-car garage and is landscaped with 23 palm trees.

NOTABLE: South Padre Island grabbed the No. 2 spot for second-home demand. The property is located a half-block away from the beach in one of the most upscale areas on the island.

* * *

[Park City, Utah]

PLACE/PRICE: Park City, Utah, $2.7 million

PROPERTY TAX*: $8,366 per year

THE PROPERTY: About 6,000 square feet, with 5 bedrooms, 4.5 baths, in the Wasatch Range of the Rocky Mountains

DESCRIPTION: Mountain-resort home features spacious great room and modern kitchen, with a master on the main floor. Large decks overlook more than an acre of land with a pond and aspen forest.

NOTABLE: Park City took the fifth spot in the listing. Located in an upscale neighborhood, the property is close to skiing areas, such as Park City Mountain Resort, Deer Valley Resort and the Canyons Resort.

Sources: horsthomes.com; featured.alicedonahue.com; dennishanlon.com; and EscapeHomes.com

Note: *Current owner's payment

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