Wealthiest Retirement Communities In Florida

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Massachusetts: Residence At Turner Hill Ipswich

30-year-old living in retirement village

The homes at the Residence at Turner Hill, Ipswitch, are in the $1.5 million range for a 2,500-square-foot, three-bed and two-bath house. Out of your price range? Join the golf club and get a taste of the good life on 18 holes or in the clubhouse. The indoor practice facility allows putting and hitting in comfortable air conditioning, and there’s more outdoor practice space with bent greens and bunkers.

Sunset Beach North Carolina

– Population: 3,901 – Median household income: $57,265- Median home value: $267,900 – Median rent: $1,232

North Carolina’s Sunset Beach, on the south end of the Brunswick Islands, has been listed on National Geographic’s 21 Best Beaches in the World. Golf, museums, eateries, kayaking, and shops add to the allure.

Sun City Hilton Head In Bluffton South Carolina

Sun City Hilton Head is also a Del Webb community. Its a golfers paradise, as the Hilton Head area is home to some of the best golf courses you can find. The area also made it onto our list of the best places to retire in South Carolina.

Sun City Hilton Head has a club for everyone. From billiards and bocce ball to fishing and hunting, the sporting lifestyle is in full force.

The community also promotes performing arts and general hobbies. You can learn ballroom dancing, join the communitys chorus and concert band, or collect and restore classic vehicles in the car club.

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Southern Shores North Carolina

– Population: 2,899 – Median household income: $96,553- Median home value: $465,200 – Median rent: $1,914

In North Carolina’s Outer Banks, Southern Shores is 1 mile wide and 4 miles long. Along with natural splendor, the coastal area boasts beaches, golf, and dining and is close to two major shopping centers.

Where Are The Best 55 And Over Communities

10 Wealthiest Neighborhoods in Florida

Here are the 55 best 55+ communities of 2020.

  • On Top of the World Ocala, FL.
  • The Villages The Villages, FL.
  • Solivita Kissimmee, FL.
  • Latitude Margaritaville Daytona Beach, FL.
  • Sun City Texas Georgetown TX.
  • Sun City Huntley Huntley, IL.
  • Sun City Sun City, AZ.
  • Laguna Woods Village Laguna Woods, CA.

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Parkland In Popular Coral Springs Area:

  • $600’s The Falls at Parkland – By Ryan Homes in Parkland – Single homes shown by appointment online or in person. Premier spacious homes in gated resort-styled community. 3 collections. Call for appointment 954-228-7469
  • $500’s The Falls at Parkland Villas – By Ryan Homes – Tour by appointment only 954-228-7532. Spacious single-story villas in resort-style living. Amenities include gated, large clubhouse, pool, social rooms, fitness center and much more. Join Interest List for updates.
  • $600’s Four Seasons at Parkland – in Broward County by K Hovnanian. Around 700 single homes for 55+ on 100+ acres on the south side of Loxahatchee Road in Parklandnear Coral Springs . Homes pricingstarts mid-$600’s for large homes from 2000-3600SF . Approx. 12 miles to the beach and less than an hour to Miami. Clubhouse and amenities. 9344 Porto Way, Parkland – 561-532-1330 -By appointment only.

Assess Risk Tolerance Vs Investment Goals

Whether its you or a professional money manager who is in charge of the investment decisions, a proper portfolio allocation that balances the concerns of risk aversion and return objectives is arguably the most important step in retirement planning. How much risk are you willing to take to meet your objectives? Should some income be set aside in risk-free Treasury bonds for required expenditures?

You need to make sure that you are comfortable with the risks being taken in your portfolio and know what is necessary and what is a luxury. Dont be a micromanager who reacts to daily market noise, advises Craig L. Israelsen, Ph.D., designer of 7Twelve Portfolio in Springville, Utah. Helicopter investors tend to overmanage their portfolios. When the various mutual funds in your portfolio have a bad year, add more money to them. Its kind of like parenting: The child that needs your love the most often deserves it the least. Portfolios are similar. The mutual fund you are unhappy with this year may be next years best performerso dont bail out on it.

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The Atria In Rye Brook New York

Atria Senior Living has more than 227 communities in 27 states and seven Canadian provinces. The Atria in Rye Brook specifically has grown into prominence for New Yorkers. Manhattans finest are leaving the hustle and bustle of the Big Apple to retire at The Atria near Rye Lake.

Its a relaxing and luxurious community that has its own cinema-style media room, salon, barbershop and pottery studio. It also has a 24-hour staff that accommodates your every need.

The Atria in Rye Brook has been named the Best Senior Residence in Westchester for three years in a row. This independent living option is right up the road from the Greenwich horse farms, and you can venture into the city whenever youre up for it.

Should Retirees Move To Florida

The Florida Retirement Community Designed for Indians

Moving to the Sunshine State could save you a lot of money in taxes. Florida, one of our 10 most tax-friendly states for retirees, has no state income tax. That means no state taxes on Social Security benefits, pensions, IRAs, 401s and other retirement income. It also has no inheritance tax or estate tax.

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Great Neck Estates New York

– Population: 2,852 – Median household income: $147,750- Median home value: $1,357,100 – Median rent: $1,865

In the safe, suburban, and affluent neighborhood of Great Neck Estates, most residents own their homes, and many are retirees. Residents feel safe walking and mingling with neighbors at local coffee shops and boutiques. Located in the town of North Hempstead on the North Shore of Long Island, it was the setting for F. Scott Fitzgerald’s iconic Great Gatsby.

– Population: 2,540 – Median household income: $124,716- Median home value: $579,800 – Median rent: $2,000

Tourists love to visit this beautiful Hudson Valley river town for its waterfront, shops, restaurants, art galleries, and more. Located under an hour from LaGuaridia Airport, Piermont offers endless entertainment options and remarkable views at every turn.

Exploring Floridas Merritt Island: A Space Coast Peninsula With A Rocketing Market

The sun rises over the Atlantic Ocean at the Merritt Island National Wildlife Refuge on the Space … Coast of Florida.

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With a landscape of sun-soaked coastal dunes, saltwater marshes and mesic forestsas well as a warm, wet climatethe eastern Florida seaside town of Merritt Island can often resemble a tropical island.

The first time I drove down the South Tropical Trail I could have sworn I had been transported to the Caribbean, says Grace Vista, who specializes in luxury and waterfront properties at Dale Sorensen Real Estate. The land gets so narrow that theres water on either side of the streetit feels like youre not even in Florida anymore.

And yet, Merritt Island is also quintessentially Floridian, Vista says. Merritt Island has everything that people love about the coast of Floridathe sunny weather, the beautiful beaches and all of the opportunities for water recreation.

Merritt Island’s more expensive homes are often along the water.

Dale Sorensen Real Estate

Adjacent to the Atlantic and situated between the Indian and the Banana rivers, this stretch of Floridas Space Coastso-called for its NASA launchesis not actually an island but rather a long, tapered peninsula.

While life on Merritt Island may move a bit slower than in other coastal cities, like West Palm Beach or Miami, residents are happy to keep it that way.

This nearly 7,800-square-foot Mediterranean on Merritt Island is priced at $2.95 million.

Dale Sorensen Real Estate

Also Check: Retirement Cost Of Living Comparison By State

Kings Point In Tamarac

The Kings Point in Tarmac offers almost 5,000 villas, condominiums, and carriage houses. Its main clubhouse has a billiard room and fitness center while the secondary clubhouse features five tennis courts and swimming pools. There are also recreational clubs you can take part in such as the investment, book, and Red Hatters clubs.

If youre a nature enthusiast and likes to photograph the wildlife, the Florida Everglades Wildlife Area is only a few miles away. For beach enthusiasts, you can enjoy the white sand beaches just 10 miles away from Kings Point.

Where You Ultimately Choose To Retire Doesn’t Always Come Down To Dollars And Cents

10 Wealthiest Neighborhoods in Florida

Where you ultimately choose to retire doesn’t always come down to dollars and cents. Indeed, the top reason people move in retirement is to be closer to family, according to a survey by Merrill Lynch and Age Wave, a research firm focused on the aging population. Or, rather than move, maybe you just want to stick where you’re comfortable and familiar and retire in your home state. For whatever reason, you may wind up retiring in a place where the living costs can be relatively high.

But it can be worth it. We pinpointed one great retirement destination in each state, taking into account safety, median incomes and poverty rates for retirement-age residents, locals sense of well-being, and the availability of recreational and health care facilities, as well as living expenses. While the cost of living in each of these 14 retirement spots exceeds the national average by more than 7%, each offers plenty of attractive advantages for retirees in exchange for the higher price tag. Take a look to see if any of these pricey places to retire are worth fitting into your own budget.

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Where To Retire In Fort Myers:

Offering easy access to everything Southwest Florida is famous for, GL Homes is proud to introduce Valencia Bonita a new standard of 55 plus living on Floridas beautiful Gulf Coast. With an exciting vacation-inspired lifestyle that rivals the finest resorts, Valencia Bonita features an opulent 45,000 sq. ft. clubhouse and carefully designed single-family and villa home designs that are tailored to those looking for spacious layouts and sophisticated style. Valencia Bonita is located just minutes from pristine beaches, tranquil nature preserves, chic shops and fine dining. Plus, everyday conveniences including banks, grocery stores and top rated medical facilities are also just a short drive away. Homes start in the $600ks.

The Villages In Central Florida

The Villages has been around for more than 40 years, so its no surprise that its the most popular retirement community in Florida. If you enjoy nightlife and entertainment, then The Villages is the place for you.

The entire development has three different town squares that host live music each and every night. There are various celebrations, parades and shows that take place each month. The Villages has its own performing arts center, restaurants, shops and movie theater as well.

Housing includes one- to three-bedroom villas, cottage homes and larger housing with up to four bedrooms. As one of the best retirement communities in Florida, The Villages offers a warm and inviting atmosphere for its residents.

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Miromar Lakes Beach & Golf Club

Homes: $1M-$7M

Location

If youre a frequent traveler, Miromar Lakes Beach & Golf Club is only minutes away from the Southwest International Airport. And, to the north of Estero and Naples, you can enjoy gourmet food, shops, and different forms of entertainment.

For first-time visitors, the sales center of the community is in the middle of Alico Road and Corkscrew Road, specifically near Ben Hill Griffin Parkway. The office is outside the entrance to prevent strangers from entering the gate.

Real Estate

The best thing about Miromar Lakes Beach & Golf Club is the number of properties to choose from. You can either have a simpler home or go all out on your budget. Feast your eyes on these choices:

  • Grand estates = $3.8M+
  • ArtCenter Manatee
  • LECOM Park stadium

The Concession is also close to Sarasota, a cultural city. Sarasota is known for symphony, opera, and ballet performances. Youll enjoy its galleries, museums, and theaters.

Lastly, if you live in the Concession, you can go to the popular Siesta Key anytime you want. Its quartz crystal sand feels like heaven, something you cant experience in most beaches.

Real Estate

The variety of residences in the Concession is mostly based on the location. Some properties are built on the most private sections of the community, which is generally a big deal for retirees, couples, and company executives.

The residential areas in the Concession separate into four sections, namely:

  • Birkdale = luxury homes

How We Determined The Best Places To Retire In Florida

Is There a Darker Side of The Villages Retirement Community?

To determine the best places to retire in Florida, we weighed a number of factors. We looked at the tax burden, figuring out how much of your retirement savings would be eaten up by taxes each year. Knowing that quality medical care is always important for retirees, we also considered the number of medical centers in a particular city.

Many seniors look for a good community of fellow retirees in their new home, so we also looked at the number of recreation centers and retirement communities in each city. Finally, we looked at the percentage of senior citizens in each community. After all, a city with a lot of fellow retirees is likely to be a good destination for retirees. We compiled all of that data to rank the cities in the state.

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How To Find Retirement Communities In Florida

The best places to retire in Florida include Sarasota, Palm Beach and Naples. Yet you have to dig deeper to find the best retirement-specific communities in the Sunshine State.

First, what exactly is a retirement community? Its a residential housing complex designed for older adults. This includes the ability to live alone or receive in-home assistance if necessary. There are many different types of retirement communities, such as:

  • Assisted living
  • Senior housing developments
  • Congregate housing

You can find these communities statewide in Florida. Each provides unique amenities, clubs, activities and life enrichment programs.

The Villages In Sumter County Florida Is Designed For The Active Retiree

The Villages operates as an independent small town, as each plaza and square is filled with small boutique stores and restaurants. Everything this community has to offer is accessible by golf cart, which is the preferred mode of transportation.

The community is also focused on keeping residents active, offering recreational centers, enrichment programs, canine parks, polo grounds, dance classes, and a softball complex.

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Best Places To Retire In Florida Updated For 2021

At Florida for Boomers, weve written about many of the best places to retire in Florida.

Every year we take a look at our website analytics and go through the hundreds of emails we get from readers to figure out the places that people are reading about and asking us about the most.

If you are researching the best places to retire in Florida and feeling a little overwhelmed by all the options, I hope this list can help you.

Prefer to watch? Weve also turned this article into a video:

If youd like more information about these places and others, be sure to sign-up for my FREE Florida Retirement Newsletter.

Without further ado, here are the 25 best places to retire in Florida today.

Ritzy Retirement Havens For The Wealthy

Lake Sumter

10. Grey Oaks and EstuaryLocation: Estimated cost: 9. Promontory ClubLocation: Estimated cost: 8. MediterraLocation:Estimated cost:7. The Ritz-CarltonLocation: Estimated cost: 6. Spruce Creek Fly-In CommunityLocation:Estimated cost:5. The ClareLocation: Estimated cost: 4. IsleworthLocation:Estimated cost:3. White Sands at LaJollaLocation: Estimated cost: 2. Sailfish PointLocation:Estimated cost:1. Ocean Reef ClubLocation: Estimated cost:

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Whereas many Americans face financial struggles as they approach retirement, the top tier of well-to-do people can focus on less fraught matters, such whether a beach club or a golf course or perhaps a landing strip for private planes is more important to their retirement lifestyle.

Topretirements.com pulled together an informal list of 10 communities it found to be the most expensive places to retire in the U.S. The list does not purport to be comprehensive, but gives a good indication what is available to those who can afford top-dollar accommodations.

Topretirements noted that most people are looking for a 55-plus or active community where they can retire and stretch their savings and Social Security into a comfortable retirement.

What these communities have in common is how expensive it is to buy into them and pay their associated fees. Many, not surprisingly, are located in Florida or big urban centers the latter tending to be high-end continuing care communities.

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Isle Of Palms South Carolina

– Population: 4,360 – Median household income: $122,228- Median home value: $852,700 – Median rent: $1,994

This laid-back barrier island community is close to Charleston, South Carolina, and offers a plethora of outdoor activities including golf, tennis, fishing, and dog walking. Clean beaches and lovely homes are the hallmarks of this affluent community.

– Population: 8,852 – Median household income: $181,667- Median home value: $842,000 – Median rent: $2,846

Dubbed Gateway to Orange County, Woodbury is a community brimming with natural beauty and lots of shopping. The Schunnemunk Mountain and Woodbury Creek that weave through the valley create an ideal backdrop. It is the home of Woodbury Premium Outlets, which features over 220 upscale shops.

First Community Village: Big City Living

Located in the heart of Columbus, residents of this luxurious retirement community are still close to the big city . But First Community Village lets residents enjoy staying close to home with activities in the fitness center and indoor pool, classes and clubs, performance events, and social activities. If you live in a manor, having your own state-of-the-art kitchen may be enough, but two dining options feature made-to-order dishes tailored to you by the chef.

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