How Much Does Ocean View Add To Condo Value?
Hello, I posted a week ago but I guess it was in the wrong spot so didn't really get the reply I sought. Basically I have a condo that is 2 blocks from the ocean in a midrise in miami beach. The ocean front units are trading at $1200-2000/sq ft 2 blocks away, my condo building trades in the $600-700/sq ft range bc its not oceanfront, but my unit is one of 3 in the entire building that has an ocean view bc its on the top floor and the rest of the units have views of the buildings all around us. Every realtor I've spoken with says the view doesn't matter much bc its still 2 blocks from the ocean. Is this true? I find it hard to believe that a nice view isnt worth anything extra when the surrounding properties are already 100-200% more for the same amenities ie valet,nice gym, concierge which my building has as well.
Thanks for the input.