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retire

Finding the Best Places to Retire Since 2006!

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Merritt Island Village

327 Silver Oaks Avenue, Merritt Island, Florida 32952

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Relaxed 55+ Waterfront Community of Merritt Island Village Has Low Maintenance Homes for Sale and Lease, as Well as Direct Water Access

Merritt Island sits on a peninsula on the Banana River and is the site of Merritt Island Village, a 55+ manufactured home community next to a Banana River inlet. It is a very casual place and has homes for sale and lease.

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Of the 107 or so dwellings, about 15 sit directly facing the water and have a boat dock. Homes are pastel colored - gray, blue and yellow are common - and neatly line quiet streets laid out on a grid. Each property comes with a carport, and most have air conditioning.

Re-sale prices begin below $100,000. The lot rent is about $385 per month. Please verify these prices with a Realtor or the community as prices are bound to change.

The community's handful of homes for lease are called "cottages." These sit the furthest from the water and have a brown exterior, one bedroom, one bath and a kitchen. Some come furnished.

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Rental prices are $575 to $595 per month with a 12 month lease. Snowbird leases start at $5,995 for the season. Resident-owned homes also come up for lease occasionally. These start at around $650 per month.

Amenities are limited to a clubhouse and a laundry facility. The main draw here is the location. One small pet is welcome per household.

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Visit www.myislandvillage.com for more information.

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Florida:

Sticking out into Hurricane Alley, Florida was a land no nation seemed to want. Ruled successively by Spain, France, England, and the Confederate States of America, the state had a backwater reputation. Other than St. Augustine and Pensacola, there were few cities. The area was rural and populated by frontier farmers.

In the late-1800s, changes came when railroads began chugging down both coasts. Industrialist Henry Flagler's Florida Easy Coast Railway even made it all the way to Key West. The Great Florida Land Boom, the build-up to World War II, and the space industry also helped turn Florida into one of the nation's most populous states. In 1900, there were about 500,000 residents. Today, there are more than 20 million, almost 351 people per square mile.

Why do people keep coming? Tourism marketing is one reason. Annually, millions visit Orlando's theme parks and the state's 663 miles of white sand beaches. Taxes generated by the billion dollar vacation industry allow Florida to prosper without a personal income tax. Budget-sensitive retirees have flocked to its cities and shorelines.

If you can ignore the hurricanes, the state's climate is relatively mild. Only five other states are sunnier. Florida's system of state universities and community colleges is sizable, and its big cities are meccas for culture and the arts. Sarasota is a good example. Its Ringling Museum Complex contains internationally known art museum, a circus museum, an historic theater, and a 66-acre garden. Museums near Orlando range from a Zora Neale Hurston gallery to a Madame Tussauds.

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Stats:

Population - 20,612,439 

Persons 65 years old and over - 20%

High school graduates, persons age 25+ - 87% 

Bachelor's degree or higher, persons age 25+ - 27% 

Persons of Hispanic or Latino origin - 24% 

White persons, not Hispanic - 58% 

Median household income - $47,525 

Median home value - $159,900 

Social Security taxed? No

Source: U.S. Census Bureau

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