I agree with those who say live facing the Isle of Wight and just visit! I live in Gosport and occasionally dream of living on the Isle of Wight, but then remind myself about the ferry ( passenger ok and easy from Gosport but then stuck with no car and buses are not frequent on IOW) which involves driving round the harbour to Portsmouth.
Plenty of bungalows at Lee but rarely up for sale!
Parents-in-Law. What do/did you call them?