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Here is the problem you face. You won't find a plane like that for that kind of money. Don't think too hard about older jets like lears, they're cheap, but they'll eat you out of house and home in operating costs and maintenance. I owned a cessna 421 for a while, a nice "c" model. It was great, reliable, big cabin, the whole nine yards. When you get into piston planes of this size though, be ready to have it in the shop whenever it's not flying. You will constantly be trying to "keep ahead." The plane I own now is a turbo commander 690B. For the money, you can't beat it. Mine has the -5 engines and so I get around 260-270ktas on about 65gal/hr. I regularly put my wife and 3 small kids in and go almost 1200 miles nonstop (eastbound). I would think that you could do 5 adults and get around 1000nm, but clearly you'll spend more than 500K. You can get a decent -5 for around 750,000. Thats a lot of money, but look what you get for it. A great cabin, good range, turbine reliability, and turbine overhaul times. If you want to go faster and further, you can get a -10 for around $1M. Personally, I have no problem with the -5, and if I still own the plane when overhaul comes, i'll have no second thoughts about the -10 conversion.
I was looking at newer 421s as well, late 80s c models, but most people want 550-600K for those anyway, so for a little bit more up front, you get a lot more in the long run.
Specifically, though, what you are looking for is extrememly hard to find for only 500K.
Hope that helps.
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