Real estate is one of the best investments you can make to increase your wealth over time. Financial advisors often suggest real estate as a great way to diversify your portfolio, but you and your family can also enjoy your real estate purchase. Buying a vacation or holiday home can be very exciting and makes a fantastic long-term investment. However, with so many locations to choose from, selecting the site of your holiday home can be a daunting task. In this guide, the best dream home locations are discussed, looking at the best features each place has to offer!
Disney has its own residential home community called Golden Oak, located in the Bay Lake area southeast of Magic Kingdom, right on Disney World property! Guests who have driven from Disney resorts to the theme parks have probably seen signs for this exclusive private property while on the road.
It’s a place where you’re one of Disney’s elite customers, enjoying the Disney magic 24/7 in your very own home right on Disney property. Disney Imagineers designed this entire residential community! Did you ever even dream that actual Imagineers would have a hand in constructing your own neighborhood? Some fortunate one-percenters can claim exactly this, and own a permanent or holiday home in this special location.
You’re almost certainly wondering about finances when looking at living in such an exclusive community. Well, you’ll definitely feel the pinch when you see the prices here! The housing at Golden Oak starts at $1.6 million and up. Disney initially intended to construct 450 homes in the new community. Despite rampant demand, the company gradually reduced its plans. The massive Golden Oak development spans 980 acres. To put that number in perspective, you must understand that Magic Kingdom is 107 acres, Hollywood Studios is 135 acres, and Epcot is 300 acres. The Golden Oak neighborhood is almost twice the size of those three parks combined!
Insider Tip: Golden Oak residents enjoy many Disney World discounts such as dining, shopping and event tickets.
Lake Nona is a neighborhood in Orlando, Florida, with a population of 1,062. Lake Nona is in Orange County and is one of the best-planned communities ever built in Florida. Living in Lake Nona offers residents a sparse suburban feel, and most residents own their homes. Many families and young professionals live in Lake Nona, with homes ranging from $400,000 to $10 million. The public schools in Lake Nona are above average, and the Medical School campus of the University of Central Florida is also located in this neighborhood. This is a great location for a permanent or holiday home!
“Medical City” is the name of a world-class medical hub in Lake Nona based on the idea that a close cluster of science and medical facilities will encourage and accelerate innovative ideas. Medical City has become a global destination for medical innovators as it continues to attract some of the most prestigious hospitals, research centers, and Universities. A continuously expanding and developing hub of medical practices, research, and medical campuses, Lake Nona Medical City is currently home to the following medical facilities:
- University of Central Florida Health Sciences Campus
- VA Medical Center
- Nemours Children’s Hospital
- University of Florida Academic & Research Center
- MD Anderson Orlando Cancer Research Institute
The Phoenix real estate market is booming! Whether you are looking for your own holiday home or a rental/Airbnb investment property, you are bound to make a good investment in this location. This is thanks to the second booming industry in the city: tourism. Naturally, tourism makes the Phoenix real estate market one of the best places to invest in real estate or an Airbnb investment property.
A few reasons drive tourism in the Phoenix real estate market, sports being a major one. Phoenix is one of the few cities in the US with franchises in all four major professional sports leagues. Sports fans from all over the nation attend games held in Phoenix’s many sports venues. With 6 scenic lakes so close to Phoenix, tourists also come for the natural aspects including the beautiful warm weather. The median house price is $235,000.
Insider Tip: Besides the sports factor, rental investments enjoy high occupancy rates because of the various recreational activities, arts, culture, dining, etc.
The Hamptons, part of the East End of Long Island, comprise a group of villages and hamlets in Southampton, East Hampton, and Montauk, which together form the South Fork of Long Island, in Suffolk County, New York. The Hamptons form a popular seaside resort and one of the historical summer colonies of the northeastern United States. The seaside region is most notably associated with celebrity sightings.
Residents and visitors of varying ages and tax brackets come to the East End to spend time in notoriously expensive areas such as Sagaponack and Water Mill. Many find their holiday home in more affordable areas like Montauk, Hampton Bays, and Westhampton, with all of these sites enjoying great ocean breezes, white sand beaches, excellent seafood, lively parties, and the South Fork’s rural atmosphere. The average home prices range from $690,000 to a whopping $15 million.
Insider Tip: Many of the rich and famous spend their summers on spacious holiday home estates nestled along the Atlantic Ocean, often hidden behind tall hedgerows.
Maunawili, without a shadow of a doubt, is the best place to live in Hawaii. On the island of Oahu, Maunawili is a community home to just 2,149 people. Located just north of Honolulu, commuting options into the state capital are plentiful. Bordering Kawainui Marsh and Kailua Beach Park, access to the great outdoors is in no short supply here in Maunawili. Although there is a strong coastal vibe going on in Maunawili, it is a suburban area.
Property prices are steep, as you would expect from the best place to live in Hawaii. The median home value is $914,400, meaning you’ll get little change from a $1m investment. The majority of homes in Maunawili are modern, light, and spacious. Many come with their own private swimming pools, tennis courts, and vast garden areas. This is a great location for a permanent or holiday home.
Vancouver is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the most populous city in the province, there is always something to do in this exciting metropolitan hub. You should definitely make a move to Vancouver if you love the perfect mix of big city life and nature. The Pacific Northwest region, in general, is known for its natural beauty and hikes. Some of the area’s most well-known hikes include Grouse Grind, Quarry Rock, Lighthouse Park, and The Chief. Plus, Stanley Park is one of the largest urban parks in North America, right at the doorstep of your holiday home in Vancouver.
There are three ski mountains close to Vancouver: Cypress, Seymour, and Grouse. Cypress seems to be the most popular for snowboarders. Whistler’s two mountains are also less than a two-hour drive away.
When you live in Vancouver, you can access multiple beaches and walking trails that hug the coastline. Downtown has some fantastic luxury apartments with everything you want at your doorstep. Of course, if you have a family, then it’s likely you’d prefer something a little more suburban, and this is where you will really begin to see how vast your choice is. The areas surrounding the city are uniformly well managed, well maintained, and whilst some are more expensive than others, even the most affordable are safe and pleasant. Attached homes, condos, and apartments are priced under $700,000.
Insider Tip: Vancouver enjoys a moderate climate thanks to its proximity to the Pacific Ocean. July is the hottest month, with an average high of 64°F (18°C). January is the coldest month, with an average high of 39°F (4°C).
Grande Prairie is a city in northwest Alberta, Canada, within the southern portion of an area known as Peace River Country. Grande Prairie acts as a regional hub serving an additional 281,000+ people from across Northern Alberta, Northern British Columbia, and the Northwest Territories. It sits as the largest commercial center north of Edmonton. Grande Prairie’s economy is based on four pillars: oil and gas, forestry, agriculture, and retail. This diversity provides a great opportunity for workers across a variety of industries.
In the community, there is an endless possibility for residents to get involved and connected! There is a wide variety of parks and trails for sport and recreation fans to explore all across the city and several state-of-the-art recreational facilities such as the Eastlink Centre. Huge art and culture community is also present in Grande Prairie, with venues such as the Montrose Cultural Centre, the Centre for Creative Arts, and the Grande Prairie Live Theatre. And on top of that, the city has many cultural and neighborhood associations for residents to join! The average home price for a two-bedroom detached home is $299,000 which is a great price for a holiday home.
Insider Tip: Alberta is the only province in Canada without a provincial sales tax.
Located in central Ontario, just two hours north of Toronto is the popular lake-side holiday destination of Muskoka. Muskoka is famed to be one of the best places to visit in Canada because of the activities and escapes on and off the water. From adventure to luxury, Muskoka caters to it all with a unique lake-cottage atmosphere drawing residents from Toronto and the world to its shores in the summertime. Due to its popularity in summer and proximity to Toronto, owning a holiday home in Muskoka comes with a price tag. To purchase a two-bedroom holiday cottage in Muskoka, expect to pay around $305,000.
Insider Tip: With Toronto having the closest Canadian international airport to Great Britain, Muskoka is a natural holiday home destination for Britons looking for a Canadian escape.
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Nova Scotia’s Cape Breton was voted the number one island in Canada to visit and is a popular holiday home hotspot. Known for its excellent hiking, sightseeing, and whale watching, this culturally intriguing area has Celtic roots and maritime charm. Cape Breton attracts a varied crowd from golf savvy retirees, outdoor enthusiasts, and culture buffs. Holiday home prices in Cape Breton are much more reasonably priced than other destinations around Canada. Expect to pay $122,000 for a two-bedroom cottage or home, and that’s with an ocean view!
Insider Tip: The most eastern Canadian holiday home destination, Cape Breton, is only five time zones away from the UK.
Vibrant Quebec City is located in the heart of French Canada, situated on the serene St. Lawrence River in Eastern Canada. One of Canada’s oldest cities, Quebec City, boasts colonial streetscapes, an exciting dining scene, and a rich French culture. The Old-Quebec downtown area is rampant with history and is one of North America’s oldest and most fascinating places. If you love French culture but are looking for a holiday home outside France, Quebec City could be just the place. Expect to pay $74,000 to purchase a two-bedroom holiday apartment in Quebec City, a much more reasonable price than most Canadian cities.
Your dream of a holiday home can become a reality with some good research and hard work! With so many wonderful locations to choose from above, you can rest assured that your family will make beautiful memories in your home away from home. With the right location, your holiday home can also be a fantastic long-term investment that will pay dividends in the future.
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