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Priciest US Beach Towns and Ski Resorts Offer Luxury Living at a High Cost.

Here’s what you need to know about the most expensive second-home destinations in the US.

The Most Expensive Second-Home Destinations in the US

Pacaso’s annual ranking of the best second-home destinations in 2024 has been released, and Cape May on the Jersey Shore has taken the top spot. While this might sound like a dream come true for many, buying a home in this beautiful coastal town comes with a hefty price tag. In this article, we’ll delve into the most expensive second-home destinations in the US, exploring what makes them so pricey and what you can expect to pay.

Top 5 Most Expensive Second-Home Destinations

Here are the top 5 most expensive second-home destinations in the US, according to Pacaso’s ranking:

  • Cape May, New Jersey: With a median price of $2 million, Cape May is the priciest second-home destination in the US. This charming beach town on the Jersey Shore offers stunning ocean views, beautiful beaches, and a rich history. Aspen, Colorado: Aspen’s median price is $1 million, making it the second-most expensive second-home destination. This luxurious ski resort town offers world-class skiing, upscale amenities, and a vibrant cultural scene. Nantucket, Massachusetts: With a median price of $1 million, Nantucket is a popular summer destination for the wealthy.

    The area was later settled by European Americans, who brought their own culture and traditions to the Cape.

    The Early History of Cape May

    The early history of Cape May is marked by the presence of the Kechemeche Indians, who inhabited the area for centuries before the arrival of European settlers. The Lenni-Lenape Nation, to which the Kechemeche Indians belonged, was a powerful and influential tribe in the region. The Kechemeche Indians were skilled hunters and gatherers, and they made use of the abundant natural resources available in the area. The Kechemeche Indians were known for their expertise in hunting and gathering, and they developed a sophisticated system of trade and commerce with other tribes in the region. They also developed a complex system of social hierarchy, with different clans and families holding positions of power and influence. The Kechemeche Indians were deeply connected to the natural world, and they believed in a spiritual connection between humans and the land.

    The European Settlement of Cape May

    In the 17th century, English colonialists transformed Cape May into a whaling and fishing hub. The area’s strategic location made it an ideal place for these industries, and the English settlers were able to establish a thriving community. The European Americans who settled in Cape May brought their own culture and traditions with them, which blended with the existing Native American culture to create a unique and diverse community. The English settlers established a number of whaling and fishing villages, which became centers of commerce and trade.

    The Rise of Alternative Destinations

    In recent years, South Florida has seen a decline in popularity as a vacation destination. This shift can be attributed to various factors, including:

  • *Increased competition from other destinations in the state**
  • *Growing concerns about over-tourism and its impact on local communities**
  • *Rising costs and congestion in popular areas**
  • The Rise of Alternative Destinations

    Gulf County, Walton County, and Collier County have emerged as new hotspots in the Sunshine State. These counties offer a more laid-back and natural atmosphere, with plenty of opportunities for outdoor activities and relaxation.

    Gulf County

  • Located on the Gulf of Mexico, Gulf County is known for its pristine beaches and crystal-clear waters. The county is home to several state parks, including St. Joseph Peninsula State Park and Indian Temple Mound and Museum. Visitors can enjoy a range of outdoor activities, including kayaking, fishing, and hiking. ### Walton County*
  • Walton County

  • Located on the Emerald Coast, Walton County is famous for its stunning beaches and natural scenery. The county is home to several popular attractions, including the Topsail Hill Preserve State Park and the Emerald Coast Science Center.

    Manhattan’s Luxury Appeal Draws High-Net-Worth Individuals to the City.

    The Rise of Manhattan as a Luxury Vacation Destination

    Manhattan, once a bustling hub for business and finance, has emerged as a top destination for luxury vacationers. This shift is largely driven by the growing demand for second-home properties among high-net-worth individuals.

    The Rise of Second-Home Buyers

  • Manhattan’s luxury real estate market has seen a significant surge in demand for second-home properties, with many buyers seeking to invest in the city’s iconic properties. These buyers are often drawn to Manhattan’s unique blend of history, culture, and entertainment options, which offer a unique experience for those who own a second home. The city’s iconic landmarks, such as Central Park and the Statue of Liberty, are just a few of the many attractions that make Manhattan a sought-after destination. ### Luxury Properties and Investment*
  • Luxury Properties and Investment

  • Manhattan’s luxury properties are highly sought after by second-home buyers, who see them as a solid investment opportunity. The city’s real estate market is known for its high-end properties, with many listings featuring stunning views of the city skyline or access to exclusive amenities.
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