I know what you are talking about, it’s not hard to see the emotion that is in this transaction for you. I would try to pull the comps from houses that are as similar as possible and see what you come up with. Leaping can be fun when it’s a fancy refridgerator or tv, a house is a little different. You’ve made it this far being smart and financially savvy so follow through.
Even if you don’t buy, why is renting a nice place so much worse than owning? I have to admit, a big ocean view is hard to pass up 🙂