Mike Kennedy
Elite Member
- Joined
- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- State
- New York
A true “waterfront” property is one that has deeded riparian rights associated with it. NO RR - then "water view" rules.
Local example of water front, on a point with expansive water and beach view greater than 180 degrees.
View attachment 44906
A Peek A Boo ViewNot living in an area with any real water to speak of....how far from the water is 'view' and 'front'? The subject house appears to be 500' +/- from the water's edge, maybe less.
It almost seems like the lot is waterfront but the house is water view, does that make sense?
Where did you find documentation for that, Mike? Riparian rights (as I understand them) involve the distribution of water as well. If a property abuts a golf course (even though the property doesn't run 'into' the golf course), it is still 'golf course' frontage. Same with water...A true “waterfront” property is one that has deeded riparian rights associated with it. NO RR - then "water view" rules.
Riparian Rights can be on lakes, rivers, etc but I have never seen any on ocean front properties unless its a private beach and in CA the courts have typically ruled in favor of the public use so that billionaire now has 300 bathers in front of his house during spring breakWhere did you find documentation for that, Mike? Riparian rights (as I understand them) involve the distribution of water as well. If a property abuts a golf course (even though the property doesn't run 'into' the golf course), it is still 'golf course' frontage. Same with water...
In Corp of Engineer lakes, a buffer may exist between the high water mark and the lot lines, which usually in the maximum free-board of the lake in a storm event (i.e.- 5' waves on top of max water height = 5' of elevation. Older lakes gave title to the high water mark. Here we would call that lake front. On newer Corp lakes there is no such thing as lake frontage, the Corp physically owns a strip between the high water mark and the property owner's land.There are not other properties or lots between the house and the water.
Does the property line run to the ocean?
I recently had a 31 acre sound front property appraised for a VA loan. See photo in the attached PDF document. The property line ends at the waterline.
The appraiser determined that the property was not water front but water view. This determination valued the property at $375K less than the advertised price of the property. I'm sure the water view versus water front determination resulted in the large variance between the appraised value and the asking price.
Is there an appraisal industry definition of water front and/or criteria that is used to determine water view versus water front?
Thanks in advance for your time and feedback!
The property line ends at the high water mark of the sound that is east of the house.Same question I have. Or does it only run to the pond(?) with the small beach area?