Central Park is one of the crown jewels of New York City. Buyers are willing to pay big bucks to get a good look at it every day.
According to Realtor.com, the median list price for homes with views of Central Park is $3.8 million, a 39 percent premium.
Buyers also spend well above market rate for homes with views of the Golden Gate Bridge in San Francisco, South Beach in Miami, and Lake Michigan in Chicago.
In Las Vegas, homes overlooking the Strip sell for a 210 percent premium.
"People pay the premium because the Strip is to Vegas what the beach is in Malibu," real estate broker Kamran Zand says. "That’s our ocean."
Advertisement
Related Stories
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development