Mark provide quite the accurate answer..."..it depends!"
Your criteria is very subjective. So the answer can be YES...or no.
Just this week I marveled at how very fortunate I was to be on the beach in shorts with dolphins along side as I ran my 17 mile circuit through Honeymoon Island State Park.
It is what it is. What it becomes is ENTIRELY up to you.
As a real estate consultant, who would not advise anyone to buy cheap stuff.
I would advise buying quality stuff at a good value. Again, subjective.
Has the market recovered? Not for the cheap stuff. The cheap stuff will ALWAYS be cheap.
The quality real estate is seeing the trends lines tweaking upward. The water fronts are defying the appraisers and hesitant buyers. You will need a pile of cash.
Can you swim year round? When I arrived from Chicago many years ago...I certainly could celebrate a party in 60 degree water. Today I prefer to wait for the water to reach 84 before I indulge myself. With the solar heater and the auxiliary heat for the spa...I can have 84 in a very short time.
Five years from now, cheap stuff will still be cheap, however, the real estate that appreciates will be owned by new residents from NY, MI, PA, OH, IN, NJ, VA, IO, and CA. And the price will be significantly higher than today. Be aware, those dolts in DC and screw up everything the touch. There are no guarantees.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL