Why is oceanfront property so expensive?

There's a reason why “waterfront property is phenomenally expensive,” he says: there's a finite supply of coastal property, and people like to live on the water. Buyers may also, not unreasonably, view sea level rise as a long-term issue and believe mitigation efforts will successfully hold back the rising tides.



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Some of the cons to owning oceanfront property include:
  • The potential for coastal erosion.
  • The risk of hurricanes and floods.
  • Higher maintenance costs.
  • Restrictions on what you can do with the property (ie. no building higher than a certain height)


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The value of all of the coastal real estate in the United States exceeds a trillion dollars, and a large portion of that value may vanish as buyers starts to shy away from homes most vulnerable to erosion and frequent flooding.

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Being in “blue spaces” offers a mental boost, research suggests. Living by the ocean blue can help keep you from feeling … well, blue. A new U.K. study of almost 26,000 people finds that those who reside about half a mile from the beach have better mental health than those who live more than 30 miles away.

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Studies and research support the theory that coastal living contributes to stress reduction and improved mental health. Additionally, the peaceful and picturesque environment of the coast can encourage mindfulness and introspection, offering an escape from the pressures of daily life.

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Reduces the risk of premature death Well, it turns out that living near the beach can prevent premature death in several ways. In one piece of research, it was found that immersing in cold water (swimming, wading, and diving, for instance) several times per week led to higher white blood cell counts.

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But it's important for you to consider all the pros and cons of what owning a beach home will entail. In addition to the stunning views, laidback lifestyle, and incredible seafood, you'll also need to budget for higher home maintenance and insurance (and maybe an extra bedroom for all those visitors).

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It's expected that beach houses require more maintenance than a home away from the water. You want to look for signs of corrosion from the sea air or unusual dampness on walls. Depending on what you find, you might be able to work it into your offer that the seller addresses some of your concerns.

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One of the biggest concerns among homeowners near the ocean is the cost of upkeep that comes with owning beach property. The corrosive nature of saltwater, potential flood damage, and expensive insurance threaten to cut holes in your pocket.

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It's proven that living by the sea makes people want to spend more time outdoors. Whether that's walking along the beach, swimming in the sea, kayaking, snorkeling or playing beach volleyball all seem better when it's accompanied by warm weather and bright blue skies.

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We're naturally drawn to aquatic hues and people associate this color with qualities like calm, openness, depth and wisdom. We are beginning to learn that our brains are hardwired to react positively to water and that being near it can calm and connect us, increase innovation and insight, and even heal what's broken.

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