Financial expert Chris Hogan discusses how to manage finances and retirement savings amid the coronavirus pandemic.
Retirement can get expensive, but there are some communities that take it to the next level.
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According to a report from life insurance company Genworth Financial, the annual median price to live in a retirement home in the U.S. is $92,860 for a semi-private room and $105,266 for a private room.
Of course, those costs include monthly care, room and board, food and ancillary expenses and other fees -- and those costs also vary depending on where you live.
Isleworth in Windermere, Fla., is pictured. The retirement community is among the most expensive in the country. (Photo by Brian Morgan/Getty Images)
WHAT IS THE VILLAGES? BATTLING CORONAVIRUS, FLORIDA RETIREMENT COMMUNITY BOASTS 128K RESIDENTS
For retirees who are more active and want to live in their own home or condo within a retirement community, the costs get much higher -- especially for those who want to live in luxurious communities.
401(k)Specialist published a report last summer that found 10 of the most expensive retirement communities in the U.S.
HOW MUCH DO RETIREMENT HOMES COST?
Using that list, FOX Business found current listings within each of those communities.
Here are the five retirement communities with the most expensive current listings as of Friday night:
Ocean Reef Club
Location: Key Largo, Fla.
Least expensive current listing: $325,000 for a "Dockominium"
Most expensive current listing: $19.9 million for a six-bedroom estate, still under construction
Community amenities: Some of the amenities in the Ocean Reef Club include two golf courses, a marina, a private airport, a spa, a fitness center and a “tennis and games center.”
Promontory Club
Location: Park City, Utah
Least expensive current listing: $1.4 million for a three-bedroom “Trapper Cabin”
Most expensive current listing: $11.5 million for a six-bedroom house on five acres
Community amenities: According to the Promontory website, the community’s numerous amenities include a beach house -- that is “part pool, part lake” -- two golf courses, a spa, a fitness studio, a “Kids’ Cabin” and an equestrian center.
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Sailfish Point
Location: Stuart, Fla. -- specifically on Hutchinson Island
Least expensive current listing: $745,000 for a two-bedroom condo
Most expensive current listing: $6.4 million for a five-bedroom oceanfront villa
Community amenities: Residents of Sailfish Point have access to the community clubhouse, a private marina and yacht club, tennis courts and a Jack Nicklaus-designed golf course.
Isleworth
Location: Windermere, Fla.
Least expensive current listing: $1.4 million for a five-bedroom estate
Most expensive current listing: $7.4 million for an eight-bedroom estate on 1.03 acres
Community amenities: According to the Isleworth website, the community’s amenities are “centered around the 89,000-square-foot Mediterranean-style clubhouse.” Those amenities include a tennis center, a fitness center and spa, fishing, pools and youth programs.
Mediterra
Location: Naples, Fla.
Least expensive current listing: $1.6 million for a three-bedroom home with a pool and spa
Most expensive current listing: $3.5 million for a four-bedroom home, also with a pool and spa
Community amenities: Perks available to Mediterra’s residents include a clubhouse, a private beach club, a sports club, two golf courses and tennis facilities.
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April 25, 2020 at 07:40PM
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The most expensive retirement communities in the US can cost millions - Fox Business
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