Check out FORTUNE's article about Palm Coast!

Last year Bryan and Pamela Blackman of Santa Clarita, Calif., started searching for a place to retire. The couple, both in their early fifties, still have at least five years to go before they stop working. But the bursting real estate bubble offered deals too good to pass up. In the quiet city of Palm Coast, Fla., they found a three-bedroom, 2 1/2-bath home on a half-acre lot for $225,000. (The previous owner had paid close to half-a-million dollars.) The price tag was so low that they decided to... more