Water View Properties–3 Places to Buy; 2 to Avoid

It’s amazing what people will do for a water view.

In one location, owners pay crazy money for giant concrete houses embedded in the side of a cliff. The ocean pounds away on the rocks underneath. It looks dramatic. But it’s a long way from anywhere—and the ocean is too cold for swimming most of the year. And I really can’t see why anyone would pay $5 million for that view. It’s nice, but nothing special.

In another place I visited, a newly-built luxury beach house perched on a sandy spit jutting out over the sea. The views were pretty. But I only had eyes for the building next door. It was a pile of rubble, a victim of the last hurricane to roar through these parts. I wondered how long the new house would last…

Some people will try to tell you that anything with a water view is worth an inflated price. I don’t agree.

In fact, if you know where to look, you can get a lake- or ocean-view property, on a tight budget…without any crazy compromises (or extreme weather systems).

Location #1. Just 45 minutes from this location, tourists flock to a spa town. They rarely venture to the other side of the lake. That’s a shame for them. Because they don’t know what they’re missing. But it’s a huge plus for us. It means that property prices this side of the lake are incredibly good value. We found a lot that’s walking distance to town, with utilities close by. The views are spectacular…and it’s on the market for only $17,500.

Location #2. This country is home to the best value coastal property on our beat. If you’re on a tight budget, but still want the beach, it fits the bill. This oceanfront condo with gorgeous views is a spacious 1,500 square feet (see photo above).

You’ll like relaxing on the big ocean-view terrace. And you’ll love the price: $60,000.

Location #3. This two-bedroom, two-bath luxury villa overlooks a little town that’s popular with surfers and independent travelers. You’ll spend a lot of time on the balcony, enjoying the ocean view that spans the bay. And when you’re not here, there’s full rental management available. Priced at $129,000, the villa comes fully furnished, down to the linens and cutlery. Just bring your toothbrush!

You can get full details on these three locations when you sign up for my free real estate e-letter, the Pathfinder Alert, here.

Editor’s Note: Margaret Summerfield is a director of Pathfinder, IL’s preferred real estate advertiser.

LEAVE A COMMENT

Your email address will not be published.