Craig, Brookings is a potentially hot, coastal market. If you are jumbo loan, I would opinion you find something special about the location, the site, or both...a big house will be bigger/better in the long run with an ocean view, large site, or both. Newer construction is also a big plus so your depreciation is minimal. Your potential price tag should be enough to acquire a property having the latter mentioned amenities. If you can acquire a property improved with a single family residence, and that has a large lot which can realize excess land (site split, etc)...you'll really gain in the long run with a lot release, spec construction, etc.....let's chat....here to help.
You can search www.HouseNow.com for the Brookings market. Presently, we have 84 listings on the web site priced from $400,000 to $900,000. The house you ultimately buy may not yet be on the market. Glad to help, let me know if you want to go fishing also! It's Halibut season.
15 years appraisal experience
10 years brokereage and founder of HouseNow.com