Buying a property under $200,000 by the beach is best found in the city of Huntington Beach. This large beach community has some of the best values for properties under this price point. Since single family homes start in the mid $400,000 your most likely to find condos under $200,000. Here is your guide to some condo buildings in this price range.
The Villa Warner condo building has one bedroom condos for sale under $200,000. The community features 256 units with one to two bedroom units for sale starting at $170,000. This is one of the few condo buildings that does allow for FHA buyers so this should be on your list.
The Harbour Vista community is the #1 place to find condos under $200,000 that offers large two and three bedroom units. The condos are so affordable that all the current units for sale are all under $200,000! The community is gated and the 100 units in the complex have great open floor plans with outdoor decks and patios. I have personally sold in this community and buyers and investors alike love buying in this community for it's great value. The penthouse level (3rd floor) condos can also have a bonus loft area as pictured above!
Another community to consider is The Gables community in Huntington Beach. This is another community where you can find 2 bedroom condos under $150,000. The community is gated as well and the condos are built in the town home style. Below are the current properties for sale in Huntington Beach. Keep in mind that a high percentage of these properties will be "short sales" so make sure you get educated on the short sale process.