For second homes in America’s most affluent locations, the past year was ugly. No way else to describe it. Median home prices were down 50% in North Lake Tahoe, and 44% on Martha’s Vineyard, to cite two examples.
Last year was brutal for second homes in the nation’s most affluent areas. But the market is firming up again. Here’s our list, expanded to 20 sites, for those seeking top-tier refuges.
2. KAUAI, HAWAII: Kauai is quainter than Oahu, Maui or the Big Island (Hawaii), and is the least developed of the major islands and the most reminiscent of South Pacific. It is also the wettest, with brief daily showers producing walls of hibiscus and purple bougainvillea. Actor and avid golfer Craig T. Nelson pounds drives in Kukui’ula, which overlooks the sandy and relatively dry southern shore.
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