Yeah, anything near Mayport has gone way up. My SIL / BIL have been looking at Ponte Vedre, and it’s very expensive.
We bought a next phase house two years ago and are darn glad we did. I think it’s worth $150k-$200k more than we paid, not that we’re interested in selling.
I get the whole article, except for the age of the subject. 66 is kind of old to be taking out loans, isn’t it?
In 2012 I bought a brand new 4br/2ba 1800 sq' home in Pecan Park, just south of Yulee. It was in a brand new subdivision, a nice one with a clubhouse, swimming pool, playground, tennis courts, etc. The HOA fee was a whopping $40/yr.
It was a quick 30 minutes to NS Mayport, NAS Jax, and King's Bay, GA.
I paid $165k for it and hoped to spend the rest of my career in Jax, as many in the helo community do.
The Navy had other plans. So I sold it in 2018 for $215k. I thought I did good. The guy who bought it from me sold it a year later for $275k. Today, that house is selling for $360-380k.
Florida housing is going through the roof because tons of people are moving there.
One silver lining to this interest rate spike is maybe it'll slow down the exodus of blue state residents to red states.