Home Buying in 32920>Question Details

Jack Fletcher, Home Buyer in Cocoa Hills, Cocoa, FL

Beachfront property

Asked by Jack Fletcher, Cocoa Hills, Cocoa, FL Mon May 24, 2010

Many people that say they have a place on the beach actually have a place across the street from the beach. They walk across the street and then have access to the beach. You can be 1, 2 ,3 4, or more blocks from the beach and still walk to it. At what point does this make a difference when it comes to selling. In other words at what point does it start to become harder to sell?

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Answers

5
Hello Jack,

The main difference is between truly "beach" property and across the beach (right across), and
then the 2nd tier is "walking distance".

Budget buyers will buy walking distance gladly.
Sometimes, buyers, who can't afford the beach financially, and who have to walk only short distance
(young kids, elderly, handycapped individuals) - will pay to be "right across".

"Beach" is a special buyer category - can buy and want to buy.

Whatever property you have - you have got to market it to the right buyer.
The property has to look its best, decluttered and staged, available to be shown
quickly and as much as needed, and it has to be priced right to sell.

We sell all kinds of properties - with or without water.
If marketed the right way - everything sells, and quickly.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes Thank Flag Link Wed Nov 14, 2012
Resident since 1958, and actively working real estate since 1982, I can tell you that the east side of AIA is far more valuable to buyers than the west side of AIA if the beach is in their daily itinerary (walking it, fishing on it, kayaking or swimming in it, photographing it, listening to it daily).

The $$$ a buyer will spend the closer they can get to the actual "feet in the sand" experience is major!

Debra N. Derman, CRS, GRI, ABR Broker-Sales Associate Surfside Properties and Management
321.863.7350
0 votes Thank Flag Link Wed Jul 13, 2011
Hi Jack,

The majority of my clients do not mind walking to the beach, however, they do not want to cross A1A or any major highway. Crossing a major road to the beach makes a difference in selling.

Jane Kiser, 321-243-2340 Coldwell Banker Cocoa Beach Realty - janekiser@yahoo.com
0 votes Thank Flag Link Thu Dec 30, 2010
Hi Jack,

The real issue here is that "proximity" to the beach does have appeal and certainly impacts the value of a property. With this said it would be unrealistic to expect that the property across the street would carry the same value as a property sitting right on the beach.

The point at which it should make a difference is, right now! As a buyer you should be able to make a clear distinction between these properties in terms of pricing. In our opinion, beach access, view, condition, and amenities are key factors that should enter into the resale picture.

For resale purposes the two major pieces to monitor are the economic and desirability issues.

Best wishes,

Bill
0 votes Thank Flag Link Mon May 24, 2010
It's often a price/distance equation.

For example, if the beachfront property is priced at $500,000 and a property 4 blocks away is priced at $495,000, then it'll be much more difficult to sell the one that's 4 blocks away. On the other hand, if the one 4 blocks away is priced at $395,000, it becomes somewhat easier.

It's also whether that house 4 blocks away gives you the feel of the beach. If you can see the beach, if you can hear the waves, if you can smell the salt water, then you have a lot of the value of a property on the beach. On the other hand, if all you can see are other buildings, with no view or sound of the beach, then the only value is that it's within 4 blocks of the beach. Yes, that's worth something especially if there's restricted access to the beach. But it's not nearly as valuable as the whole beach "feel."

And, obviously, if you're talking about walking to the beach, there's a direct convenience/value relationship. Because usually, you're not just walking to the beach. You're carrying a beach bag. A folding chair. Maybe even an umbrella. And all that gets pretty awkward at 3 or 4 blocks.

So, there isn't one answer. It depends on all those factors.

Hope that helps.
0 votes Thank Flag Link Mon May 24, 2010
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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