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Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 24th city on the list — Las Cruces, New Mexico. This week, we look at Thousand Oaks, California, and found in California “frugal” is relative, but still found three great homes — all for less than $500,000.

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NeutraWhen shipbuilder John Rados purchased a large, hillside lot overlooking the Port of Los Angeles in the 50s, he turned to a fellow Austro-Hungarian to create a home that would put those views to best use — Richard Neutra.

Rados fled the Austro-Hungarian Empire with his family 50 years prior to the purchase of that land, and by then his family had built the Harbor Boat Building Company into one of the country’s most prolific shipbuilding firms.

Neutra was a wise choice for the Rancho Palos Verdes, California, land, as he was known for his unfussy post-war design that showcased the phenomenal views available in Southern California.

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time capsuleWe’ve all seen the homes that time forgot, and we’ve all seen the vintage homes that have been updated. But have you ever seen a Midcentury Modern that was an intentional time capsule?

As we’ve said before, sometimes what we find in the Wednesday WTF is a WTF because there are whips and chains in the basement. And sometimes, like this week, the WTF is in the fact that someone has done an impeccable job of preserving and restoring a listing that you’re hard pressed to see where the vintage parts of the home end and the restored elements begin.

I showed this week’s WTF pick in Palm Springs to the CandysDirt.com staff yesterday, and everyone fell in love pretty much immediately.

“OH MY GOD I LOVE IT,” Jo England said.

Karen Eubank, our resident taste doyenne, summed up her feelings in one word: “Perfection.”

Want to see what we’re talking about? Jump with me, won’t you? (more…)