6 Islands Where You can Buy a Vacation Home for Less Than $150K

If you’ve always dreamed of owning a vacation home on an island, but thought it was too expensive, think again. There are several U.S. destinations where buying a vacation property is more accessible than you might think. In fact, with a few tips and some luck, you could find a vacation property that fits your budget, no matter how modest it may be.

Island living may seem like a pipe dream, but there are six U.S. destinations that are worth a second look. Let’s explore these destinations and provide you with tips to help you find an affordable vacation home. So, before you start packing your bags and searching for your passport, read on to discover how you can make your island living dreams a reality.

Guayama, Puerto Rico

What $150,000 Will Buy You

If you are looking for a turnkey beach property, Guayama is a great option to consider. For just $100,000, you can purchase a two-bedroom, one-bathroom home near Jobos Bay Natural Research Reserve. This property is perfect for those who want to be close to nature while still enjoying the beach.

If you prefer to stay closer to the capital city of San Juan, there are many condos available near the University of Puerto Rico. These condos are ideal for those who want to be close to the action and the city’s vibrant culture.

Investors looking for a long-term investment can find value in fourplexes in Canovanas. However, it is important to note that some towns may not allow short-term vacation rentals, so it is important to research the town’s regulations before making a purchase.

Overall, with several hundred properties for sale under $150,000 at any given time, there are many options to choose from in Guayama and the surrounding areas. Whether you are a DIY buyer or a turnkey property lover, you are sure to find the perfect property to fit your needs and budget.

Key West, Florida

What $150,000 Will Buy You

If you’re looking for an affordable island home in the Florida Keys, Key West might be your best bet. With a budget of $150,000, you can find a few small condos in the Santa Clara community that fit the bill. Alternatively, if you’re feeling adventurous, there are some boathouses docked in Marathon that might be just what you’re looking for.

Here’s a breakdown of what you can expect to get for your money in Key West:

Property TypeLocationPrice Range
CondosSanta Clara$120,000 – $150,000
BoathousesMarathon$100,000 – $150,000

While Key Largo and Islamorada are off-limits for budget buys, Key West still has some options for those looking to make a home in the Florida Keys. Keep in mind that these properties may be small and require some renovations, but with a little bit of work, you can make your island dream a reality.

Kurtistown, Hawaii

What $150,000 Will Buy You

Kurtistown, Hawaii, located on the Big Island, offers a unique opportunity for those looking for a small island home. With the state’s dedication to sustainable development and eco-tourism, there are plenty of properties available for under $150,000.

One option is a tiny house sitting on a large lot near the Kilauea Caverns of Fire. This property offers a serene and peaceful environment with breathtaking views of the surrounding nature.

Another option is small cabins in the Ohi’a forest, which provides a perfect retreat for those seeking a private and secluded lifestyle. These cabins are ideal for nature lovers who want to immerse themselves in the beauty of Hawaii’s lush forests.

With these affordable options, you can experience the beauty and tranquility of Hawaii without breaking the bank.

Smith Island, Maryland

What $150,000 Will Buy You

If you’re looking for an affordable island home, Smith Island in Maryland might be the perfect place for you. Nestled in the Tangier Sound and surrounded by marshland, this island offers a unique opportunity to live in a serene and peaceful environment.

For just $150,000, you can find a charming home on Smith Island that will meet your needs. While many of the homes on the island are more expensive, there are still options available that fall within this price range.

In addition to homes, there are also multiple lots available for those who want to build from scratch or bring their RV. This is a great option for those who want to customize their living space and create their own unique island oasis.

While Smith Island may not have white sand beaches, it is a paradise for those who love fishing, hunting, crabs, and crayfish. The island is also home to Maryland’s Official State Dessert, the Smith Island Cake, which is a delicious treat that you won’t want to miss.

Overall, if you’re looking for an affordable island living experience, Smith Island in Maryland is definitely worth considering. With its beautiful scenery, peaceful atmosphere, and unique culture, it’s a place where you can truly make yourself at home.

St. Croix, U.S. Virgin Islands

What $150,000 Will Buy You

If you’re looking for an affordable vacation home in the U.S. Virgin Islands, St. Croix is your best bet. For under $150,000, you can find a handful of homes that could become your own personal paradise.

One option is a $149,000 condo with “cathedral ceilings” available for sale in Queen’s Ridge. This condo offers a cozy and comfortable space for you to relax and unwind.

Another option is a top floor, corner unit in a gated community outside of Christiansted. Although it is priced just above budget at $165,000, this unit offers stunning views and luxurious amenities that make it worth the extra investment.

While timeshares in St. John are also available for under $150,000, the availability and location vary greatly. So, if you’re looking for a true vacation home, St. Croix is the place to be.

Mustang Island, Texas

What $150,000 Will Buy You

If you’re looking for an affordable slice of paradise, Mustang Island, Texas might just be the place for you. This 18-mile-long island off the coast of Corpus Christi is a popular destination for beachgoers and nature lovers alike. With powdery sand and crystal-clear waters, it’s easy to see why people fall in love with this Gulf of Mexico barrier island.

For those looking to invest in real estate, $150,000 will get you a variety of options on Mustang Island. While most properties in this price range tend to be RV slips and vacant land ready for building, there are also a few condos available. For example, you can easily purchase and decorate a studio unit at this price point, which would be perfect for vacationing and spending most of your time outside.

Whether you’re a camper or a condo owner, Mustang Island offers a unique blend of natural beauty and small-town hospitality. With local tourists flocking to the island during the summer months, there’s always something to see and do. So if you’re looking for a laid-back coastal lifestyle at an affordable price, Mustang Island might just be the perfect destination for you.