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Seyword t1_jd8bl09 wrote

Reply to comment by Henbogle in What is everyone’s favorite coastal Maine town/city? Why? by MiddleRecognition224

Oceanfront homes were selling for around $250K before the pandemic up there. Kinda crazy to own waterfront property at that price point.

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HIncand3nza t1_jd8uei6 wrote

Not really. There is literally nothing around. 250k is a fair price for those homes. The average person in the area would be hard pressed to afford a house at 250k

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Seyword t1_jd8wwlf wrote

I get that it’s isolated but that’s got to be some of the cheapest oceanfront real estate in the entire country.

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Extension-Ad-1997 t1_jdg4bja wrote

That would be Mississippi and Louisiana cause hurricane come in every few years and houses are destroyed.

It is probably the cheapest ocean front real estate on the east coast

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intent107135048 t1_jdcd8vz wrote

They’ve also been neglected for years, if not decades. Tons of work to fix them up.

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Seyword t1_jdcebc9 wrote

Couple I saw were nice move in ready 3 bedroom 2 bath homes. Nothing fancy but not rundown.

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intent107135048 t1_jdcejoj wrote

You’re probably right. I used to know them as $175k homes where people were wondering why they were such bargains. They could have gotten some renos since then.

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Seyword t1_jdcfk5b wrote

And this was back before Covid, so pre-2020

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Extension-Ad-1997 t1_jdg3ijx wrote

I would love to own waterfront property for $250,000. I would love to be able to find a house for under $500,000 that is livable. Here in WA a undeveloped waterfront lot 1/4 acre in size is $300,000.

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