Definition of "What is Boca Raton famous for?"

As it is positioned on the coast of the Atlantic Ocean and has extensive waterfront access, the city of Boca Raton, Florida is well known as a fantastic destination for those that want to enjoy its amazing beaches. Beside the beaches, Boca Raton also enjoys the warm year-round climate of coastal Florida cities. With its location and amazing weather come also plenty of investors that steadily influenced the city’s economy and made it even more attractive to those who want to work in industries that flourish and in an environment that prospers.

A well-deserved nickname 

The city is also called “the Playground for the Wealthy”. Because of its robust economy, the city of Boca Raton, FL draws in successful and affluent individuals. The more wealthy residents are attracted, the more growth is experienced by the economy of the city and this only leads to higher standards of living. Another factor that influences the high standard of living in Boca Raton, Florida is the high number of affluent retirees that move here from the northern parts of the country. After a life in which they managed to save money, many well-off retirees decide to come here to enjoy the best life that they can and the much warmer weather. It is easy to see why those rich and powerful want to live here. 

 

This, however, does not mean that a median income in Boca Raton will not allow you to live a good life there. Quite the contrary. It only means that the majority of its residents are affluent, high-income earners. It is also easier for those that have six-figure salaries to afford the Boca Raton way of life. Purchasing a perfect home in Boca Raton, however, is accessible for most residents as home prices range from $60,000 all the way over $1,200,000. There are plenty of options available especially if you contact real estate agents in Boca Raton FL.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Deed of trust or mortgage in real estate in which the lender subordinates her loan to another lender whose priority is first if there is nonpayment by the borrower. ...

Permits oral evidence to augment a written contract in certain cases. ...

Land expansion resembling a star. The starts center is the city, and major thoroughfares going away from the city are depicted. ...

In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...

Branching is a widespread phenomenon in banking and other financial domains. A branch office defines an office or business bureau that a company opened in another location to provide ...

Matters that need to be rectified in a home or building prior to its sale or acceptance by a new owner. For example, a leaking water pipe should be repaired prior to showing the property to ...

Failure, without sufficient reason, for one or both parties to perform the terms of a real estate contract. Breach requires unequivocal, decisive, and absolute refusal to carry out the ...

A loan that is to be replaced by a permanent loan. ...

Every borrower has his own definition of amortization schedule in mind. An amortization schedule is a table that reveals how the debt is going to be paid back and at what cost. For most ...