I feel a sense of calmness being very close to the ocean. I don’t even go to the beach much anymore, but the sense of calmness and contentedness is worth a premium.

Seeing people walk by on the sidewalk excited to be headed to the beach is also nice.

Speaking of 17,000sq ft lots, there was a lot in the residential section of Newport Ave to the east of Ebers street that was 17,500sq ft, and it sold for $4.7 million!

It has a commanding ocean view and a great location, walking distance to Newport’s business district, but two blocks of quiet SFH area as a buffer.

Still, that price is quite high compared to other sales.