Ocean-view residences: which views last.

When the lot below you cannot build into it. That is the entire answer, and it is a question about the downhill parcel, not about your house.

So we read that parcel. Its zoning, its height envelope, what is already permitted, and whether its owner is one remodel away from taking your water. A view nobody can build out is a different asset from a view you happen to have this year.

Less salt, less seawall, fewer of the costs that come with holding the first row. In exchange you depend on your neighbors in a way an oceanfront owner never does.

That trade is real and it is priceable. We price it, rather than treating ocean view as a discount on oceanfront.

Where the camera was standing. Listing photography is shot from the one corner of the terrace where the water fills the frame.

The question we ask instead is whether the view is there from the kitchen, the bed, and the chair you will sit in at six o'clock. That answer, not the photograph, is what the premium is buying.