How Much Is A View Worth?​

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May 01, 2017

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."

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