Fairfield County Homes for Sale

Why Bridgeport is Still One of the Best Places to Invest in Real Estate

Bridgeport, CT came in #3 as one of the best places to invest in real estate in the U.S. according to Business 2.0's article The New Rules of Real Estate: The Best Places to (Still) Invest http://money.cnn.com/popups/2006/biz2/newrules_bestinvest/3.html for those who have the patience to buy and hold.

I've lived here for 30 years now and I'm not surprised. This city is located in one of the wealthiest counties in the U.S., Fairfield County, home to Greenwich and Darien, Connecticut. It is within commuting distance of Manhattan. I worked in the corporate world and commuted to Manhattan for many years before "retiring" to my real estate career.

Bridgeport was once a vibrant, wealthy industrial center and the architecture of both the commercial and residential buildings reflects this. It has the largest sandy beach park in an urban area in Connecticut. Seaside Park has 325 acres of lawns, shady groves of trees for picnics, sports fields, a boat ramp into Long Island Sound, and a long white beach with Fayerweather Lighthouse at the end of the jetty.

It has been the focus of a tremendous amount of interest by developers lately. Here are some of the more than $100 million in recently completed and proposed development projects in Bridgeport.Why is this happening? Location and natural resources. Bridgeport is approximately 60 minutes from

Manhattan. It is a transportation hub with I-95, 10 Amtrak stops daily, and 87 local trains to and from Manhattan. It has a 40 acre deep water harbor and may soon be home to a high speed ferry service to Manhattan. It already has ferry service to Long Island. See the BERC website for more information http://www.bridgeport-econ.org

Downtown Bridgeport is just beginning its turnaround, but it's already got a number of cultural attractions and good restaurants, so you can see the potential for a vibrant nightlife. No it's not there yet, that's why you can still get a good value on commercial real estate in Bridgeport!

The Black Rock residential area, which is on the border of Fairfield and Bridgeport, will probably rise in value faster than the other residential areas of Bridgeport for three reasons:

(1) Black Rock train station (to be completed in 2010 -- first new stop on Metro North line in 40 years), which will make commuting to Manhattan easy and convenient for residents and is already bringing exciting, upscale arts, entertainment and dining to our commercial district along Fairfield Avenue

(2) the natural beauty of our community, bordered on one side by Long Island Sound and on another side by the Ash Creek tidal estuary

(3) our ability to attract talented, creative people, such as writers, artists, musicians, academics, and performing artists

I know I'm biased, but I can see the changes occurring and the excitement in this city. There are solid reasons for this turnaround.

 

 

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Comment balloon 0 commentsGail Robinson • July 13 2008 10:54AM
Why Bridgeport is Still One of the Best Places to Invest in Real…
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Bridgeport, CT came in #3 as one of the best places to invest in real estate in the U. S. according to Business 2. 0's article The New Rules of Real Estate: The Best Places to (Still) Invest http://money. cnn. com/popups/2006/biz2/newrules_bestinvest/3… more
Black Rock Businesses Rank #1 in Fairfield County Weekly's Survey
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http://www. fairfieldweekly. com/ A number of Black Rock businesses won in their categories in Fairfield County Weekly’s annual survey. Congratulations to: &… more
Photo Journal of Audubon Bird Walk
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On May 15, 2008 at 6:30 PM, Connecticut Audubon's Milan Bull, led a guided tour of the spring migration of shorebirds along the Ash Creek tidal estuary. Kraig Steffen, Vice President of the Ash Creek Conservation Association (co-sponsor of the event… more
Black Rock Day Parade 2008
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You Tube videos of the Black Rock Day Parade on June 8, 2008 as it came down Harborview Avenue. more
Osprey Watch at Ash Creek
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We think 6/21st should have produced chicks so just may not be viable eggs. They certainly have had rough weather to contend with!! This evening 6 pm "she" was again on nest and "he" was on drift wood keeping watch… more
First Half of 2008 Market Report for Black Rock
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In today's Connecticut Post (7/2/08), the headlines blared, "State housing market plunges: Fairfield County single-family home sales decline 44% over the past year as prices drop 10%. " Our situation in Black Rock is not as dire as the… more
Grand Home for Entertaining - Rental for $3, 000
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Great for Entertaining with Water Views Location: Black Rock Near top of Grovers Hill in exclusive St. Mary's-by-the-Sea section of Black Rock, this 3, 000 SF home with marble floors in dining room and living room and granite floors and counters in… more
Ash Creek Conservation Association
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Ash Creek Conservation Association Dedicated to the preservation and restoration of Bridgeport's last surviving Salt Marsh Estuary Our Purpose The Ash Creek Conservation Association, Inc. (ACCA) is a non-profit citizen- based group dedicated to the… more
Black Rock NRZ Draft Plan
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To download this 90 page report in PDF format, please click here . This link will take you to a post on the Black Rock Community Blog where the report is located. The Black Rock section of Bridgeport, Connecticut is undergoing rapid change as… more
Preparing a Moving Checklist
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One of the services you can provide your clients is to provide them with a moving checklist that provides them with the phone numbers of the utilities that they need to shut off or transfer in their old home and the contact numbers for the utility… more