The Florida real estate market is active right now, many homes will be on hold for days after they become available, and a significant number of homes are selling for more than asking.
If you are considering buying a home in Florida, it is important to set a budget so that mortgage loan available. And you will also want to know how far your money will go, which can vary depending on which part of Florida you are in.
Let’s see what Redfin says you’ll buy for $ 500,000 in parts of Sunshine State.
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1. Newly remodeled mid-size home with pool in Miami.
For $ 505,000, you can buy a 1,550 square foot home in Miami with three bedrooms, two and a half bathrooms. The property is spread over two floors on a plot of just over 10,000 square feet and features an attractive in-ground swimming pool in the backyard.
Although the home was built in 1999, there have been some changes, including a new air conditioner installed less than a year ago, as well as new floors and a remodeled kitchen with granite countertops. Most rooms have tiled or parquet floors, but the carpeted stairs and some bathrooms may need freshening up.
2. Spacious house with pool in Tampa in need of renovation.
Your $ 500,000 extends a little further into Tampa and includes a 2,888 square foot four-bedroom, three-bathroom pool house. This one-story home offers a floor plan with separate bedrooms and a veranda above the pool to keep out insects.
This house is slightly older as it was built in 1985. It also needs more major interior renovations – older carpets, outdated fireplace and cabinets, and the original kitchen really shows the age of the house.
However, the hotel is in a community with many good amenities including a private club, tennis courts and a playground. The new owner will pay a price for these amenities as homeowners’ association fees are $ 50 per month.
If you’re dreaming of a stay near theme parks, $ 500,000 could open the door to a 4-bedroom, 3-bathroom, 2,724 square foot country home in Kissimmee.
This lakeside hotel features a private boat deck, seawater pool and backyard spa. Here you can live the classic Florida lifestyle. It is also 30 minutes from Orlando’s main attractions.
The house is slightly newer than the others on the list, it was built in 2005. It also received some updates, including new stainless steel appliances and an air conditioner added in 2017.
4. Condominium with ocean views in Fort Lauderdale.
For $ 500,000, you can look after your condo window to Fort Lauderdale and views of the ocean, Intracoastal Waterway and Marina. You will enjoy a circular balcony from your apartment with three bedrooms, two and a half bathrooms, and 1,740 square feet of seating space.
The condominium building was built in 1981 and some of the interior elements could be freshened up a bit, but it has a beautiful fireplace, beautiful wooden floors and even individual wardrobes.
As you can see, the type of property you can buy for $ 500,000 depends on what you are looking for and where you hope to live. Just make sure you do your research thoroughly before you start buying so that you end up with a home that you enjoy in the long run.