Definition of "What is Boca Raton famous for?"

Marlene  Katkin real estate agent

Written by

Marlene Katkinelite badge icon

Compass

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

Metal or wood channel attached immediately below or along the eaves of a building for the purpose of channeling rainwater away from the structure. The gutter prevents rain runoff from ...

Form of financing that replaces or "takes-out" a construction loan to a developer. The take-out loan is a permanent mortgage loan which replaces the construction loan when, commonly, the ...

Oral or written contract that is not enforceable by the judicial system. Examples are contracts with minors, fraudulent agreements and contracts that exceed the statute of limitations. ...

Same as term industrial park: Usually a fairly large site zoned and planned for the purpose of industrial development and located outside the main residential area of a city. Industrial ...

Creates a lien against the mortgagor's property, but does not permit a lien against his or her personal assets. See also non recourse. ...

The term action in personam is used mostly in legal proceedings because Roman law heavily influenced our judicial system. Many terms used in law have their roots in Roman law, not only this ...

Total transfer of one's rights under a real estate contract to another. ...

Third party to a bankruptcy proceeding. The trustee's responsibility is to value and recapitalize the real estate firm if it is to be reorganized. ...

Property interest a person has that is presently possessed by another. Upon the termination of the possession, the property reverts to the grantor. ...