Gulf Views: Toward a Better Understanding of Viewshed Scope in Hedonic Property Models

Paul Hindsley (), Stuart Hamilton () and Ash Morgan ()

The Journal of Real Estate Finance and Economics, 2013, vol. 47, issue 3, 489-505

Abstract: This study examines the influence of Gulf of Mexico views on residential home sales prices in Pinellas County, Florida. We utilize Light Detection and Ranging (lidar) data to construct four continuous measures of Gulf of Mexico views—the total view, the maximum view segment, the mean view segment, and proximity to view content. Our results illustrate that residential property owners have a higher marginal willingness-to-pay for larger total views and larger continuous view segments. Results also indicate that the proximity of homes to the view content influences view valuations. Copyright Springer Science+Business Media, LLC 2013

Keywords: Spatial hedonic property model; Property viewshed; Willingness-to-pay (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11146-012-9365-0 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Gulf Views: Toward a Better Understanding of Viewshed Scope in Hedonic Property Models (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jrefec:v:47:y:2013:i:3:p:489-505

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11146/PS2

DOI: 10.1007/s11146-012-9365-0

Access Statistics for this article

The Journal of Real Estate Finance and Economics is currently edited by Steven R. Grenadier, James B. Kau and C.F. Sirmans

More articles in The Journal of Real Estate Finance and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().