(PRWEB) July 28, 2006 -- Some of the most expensive residential properties in the world rest on the 80 miles that stretch between Malibu and Santa Barbara. Boasting the homes of influential people in Movies, Politics, and Government.
“ All you practically need is your tooth brush. ”
Santa Barbara and Malibu county and municipal assessors report medium housing prices are $979,500 and $832,474, respectively. Recent skyrocketing home prices have reserved home ownership to those with very high incomes or people that bought homes many years ago that have built up large amounts of equity value.
Is it still possible for the first time buyer, retiree or real estate investor to locate a beach property that fits within a reasonable budget?
Mr. Neil Cull, a local realtor specializing in beach living in Ventura County, California, directs beach seekers to a little known quiet beach town called Port Hueneme, boasting white sand beaches, a south facing coastline, and a keen surf spot known by a rapidly growing number of locals. “Many Saturday mornings I’ll walk out and see teams of dolphins playing in the breaking waves,” Mr. Cull said.
“Beachfront property is much higher than the average home price,” reports Neil Cull, a longtime real estate agent with RE/MAX Gold Coast Realtors. “I have seen small beach condos sell for much more than a typical stand alone home. I think people will always like living near the ocean.”
At least one beach condo makes sense for new home owners, people looking to buy a second home on the beach or for investors looking to park equity and rent. “Southern California beach property for under 400,000 is virtually unheard of, report Mr. Cull. Port Hueneme must be the last place that I know of where it can be found, but not for long as this city has been realizing a growth in real estate of over 20% for two years running, and has development plans for multiple residential dwellings, a new shopping center, and an additional grade school.”
Port Hueneme is located less than 30 miles north of Malibu by driving the Pacific Coast Highway (PCH), home to Pepperdine University, episodes of David Hasselhoff and Pamela Anderson in “Baywatch” and reportedly such actors as Robert Redford, Mel Gibson, and Sally Field, to name a few.
Situated directly on the white sand beach is a gated community boasting a pristine one bed, one bath condo with hard wood floors, a remodeled kitchen and private beach access. Ideal for commuters looking to live a low-stress lifestyle, or for retirees commonly known as snow birds that reside in more extreme weather areas such as Alaska, Seattle, Palm Springs or Arizona. “Another benefit of this property is the RV parking, which gives the retiree the security of a gated community, freedom to travel due to minimal maintenance because it is a condo, and convenient RV parking. This condo being featured is at
www.GreatBeachCondo.com for obvious reasons as the name of the website implies,” says Mr. Cull.
About 30 miles to the North of Port Hueneme is the city of Santa Barbara, home to the research institution of University of California Santa Barbara (UCSB), the Four Seasons Biltmore, the Bacara Resort and countless well known tech firms. Santa Barbara also boasts the home of Oprah Winfrey, and the late vitamin C pioneer Dr. Linus Pauling, among many others.
“Many people don’t know much about Port Hueneme because it rests on a piece of land that jetties out between Santa Barbara and Malibu, though it is truly a wonderful place to live and own property. The city has some excellent plans for the next 24 months, so people are taking advantage of the low property prices before they catch up to the astronomical high levels of it’s surrounding cities,” says Cull. “This particular one bed, one bath beach condo is 756 square feet, which is perfect for a single person, a vacation home, or for an investor because the property is ready to move in. All you practically need is your tooth brush. This property certainly won’t last long, certainly at the price my clients are offering it for,” Neil Cull reported.
About Port Hueneme Beach Property
Port Hueneme (pronounced "port why-NEE-mee") is a small harbor city in Ventura County, California near Oxnard. The name derives from the Spanish spelling of the Chumash "wene me", meaning "resting-place." The population was 21,845 at the 2000 census. It boasts a south-facing beach, known for its surfing, which stretches between the harbor and the naval base and includes a fishing pier. For more information about this unique real estate opportunity visit
www.GreatBeachCondo.com
