Short List

Rising Waterfront

Homes that are situated on a waterfront are worth more than double what homes overall are worth, according to a study by Zillow. Not surprisingly, Hawaii, California and Long Island are home to the most expensive waterfront homes.

Two decades ago, the median value of waterfront properties was 64 percent more than the median value of all homes. Today, the difference has grown to 116 percent. The highest-valued single-family waterfront homes are located in Laguna Beach; Malibu; Hermosa Beach (all in California); Great Neck, New York; and Kailua, Hawaii. Waterfront properties in these locations are worth between $4.5 million and $10 million, the study finds.