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.
Scottsdale is an established Phoenix suburb, of course, but with its myriad gated communities, it remains a favorite second-home destination for snowbirds from the Midwest and Canada, particular those that like to spend the darkest months swinging irons and woods. More than 200 golf courses make this Arizona bolthole a golf mecca, like Pebble Beach and Kiawah. The weather is mostly sublime, and only high summer is unbearable. In March, Scottsdale os also home to major-league baseball’s spring training. Reservations during spring training must be made a month in advance.
Fans and fastball hitters head to sporty Don and Charlie’s in Old Town Scottsdale for ribs and frosted brews. Meanwhile, the nip-and-tuck set are often found at Mastro’s City Hall Steakhouse, where the martinis are as big as the cosmetic enhancements of some of its customers. There was much excitement when the 4,000- square-foot condo of former Phoenix Coyotes hockey player, Oleg Saprykin, sold for $2.1 million in an all-cash deal.
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