We had been toying with buying a winter place in Florida along the east coast for a variety of reasons (mostly because our long term plan is to have a small place there and one up north, and sail between the two for our retirement). We looked at a few places, but then put the process on hold because we bought a new boat.
We still get email alerts about places that come on the market fitting our parameters (deep water with sufficient frontage, 3 bedrooms, no fixed bridges, etc.).
I just got an alert that rejiggers everything. $650,000 for a renovated 3BR/2Bath place, 105' of frontage, only one bridge right at the Hillsboro Inlet, in Lighthouse Point. They say "deep" water, but who knows if it's deep enough. Nevertheless, $650,000! On the one hand that sort of thing portends great opportunities, but it sure is scary that prices are falling that far.
And by the way, because we're talking about buying a house to keep next to our boat slip, I figure this is sufficiently connected to sailing to justify posting here.