Waterfront Markets: The 10 Most Pricey

From Realtor Magazine Online, Daily Real Estate News September 11, 2008

As Mark Twain might have said, “Buy [waterfront] land; they’re not making any more of it.”

Waterfront properties top Forbes’ list of expensive places to live.

Using Coldwell Banker’s annual Housing Price Comparison Index, Forbes identified the most expensive waterfront neighborhoods. Whether it’s lakeside property in the northern states or riverfront in the Midwest, expect a markup.

Here are the 10 most expensive waterfront markets:

* La Jolla, Calif., median price: $1.85 million
* Santa Monica, Calif., $1.65 million
* Santa Barbara, Calif., $1.6 million
* Newport Beach, Calif., $1.54 million
* San Francisco, $1.51 million
* Boston, $1.5 million
* Palos Verdes, Calif., $1.3 million
* Kihei, Maui, Hawaii, $934,950
* Key West, Fla., $818,239
* Bellevue, Wash., $814,483

Source: Forbes, Matt Woolsey (09/09/2008)