đ¨ The Myth Thatâs Sinking Waterfront Value
- Erik McCormick
- Oct 19
- 3 min read
Updated: 1 day ago
If youâre selling a home on the water, hereâs a tough truth: traditional appraisals crush value before your property ever hits the market. Most appraisers and general agents still compare waterfront homes to inland properties. Thatâs like measuring a sailboat in square feet â it misses the point entirely.
As Erik McCormick, licensed Realtor and founder of PropertyOnTheWater.com, puts it:
âIf your valuation doesnât understand the water, it doesnât understand your value.â

đ Why Standard Numbers Donât Float
A waterfront property isnât just four walls â itâs a lifestyle. What matters most to buyers? Here are key factors to consider:
Dockage rights and depth â Can it host a yacht or just a jet ski?
Riparian ownership â Do you own the shoreline, or only the view?
Orientation and privacy â Sunset angles and canal width define desirability.
In luxury coastal markets, properly marketed listings outperform appraised value by 25%â60%. Buyers understand the experience theyâre investing in.
đ The âBalloonâBusterâ Holding Sellers Back
Erik calls comps the âballoonâbusterâ of real estate. They pop inflated expectations built on flawed math and generic comparisons. Hereâs why sellers lose money:
No real comps exist â Every shoreline parcel is unique.
Inland data pollutes value â Surface similarities hide major functional differences.
Fast appraisals skip nuance â Tide variance, depth, and elevation are ignored.
âComparing 250 feet of private dockage to a community pier is like pricing a performance boat like a pontoon. Both float â only one flies.â
đ§ Why Sellers Should Demand a Specialist
Your property deserves representation from agents who understand the water. A generalist treats it as square footage. A specialist treats it as a lifestyle asset.
Waterfront Property Specialists are trained in:
Flood zone certifications and FEMA updates
Dock permits and jurisdiction rules
Marine insurance and buyer psychology
Without a specialist, sellers leave hundreds of thousands in value unprotected.
⥠The Advantage of WaterfrontPropertySpecialists.com
Before you list, connect with WaterfrontPropertySpecialists.com. This network ensures youâre working with Realtors who specialize in bringing qualified waterfront buyers. These are people who actually live, boat, and invest in the lifestyle your home represents.
These agents go far beyond listings. They craft fullâscale lifestyle marketing experiences designed to attract the right audience.
âDonât just hire a Realtor; hire someone who lives the same lifestyle youâre selling.â â Erik McCormick
đĽď¸ Smart Seller Strategy
Want the best outcomes when selling your waterfront property? Use this coastal seller checklist:
Hire a verified Waterfront Property Specialist
Use drone video and aerial photography that shows shoreline depth and access
Replace âcompsâ with narrative appraisals outlining features and rights
Prioritize scarcity, orientation, and accessânot square footage
Waterfront buyers arenât seeking floorplans; theyâre buying freedom, peace, and access.
đ The Waterfront Takeaway
Every true waterfront property is oneâofâaâkind. Comps measure structure. Specialists measure experience. List with professionals who understand how to showcase your homeâs true story. Remember, the real value is never on paper; itâs on the horizon.
đ§ About Erik McCormick
Licensed Realtor | TwinâRated Pilot | Founder of Taking Off Solutions LLC | Owner of *PropertyOnTheWater.com
Erik McCormick is a licensed Realtor with Fathom Realty and owner of Taking Off Solutions LLC. This lifestyle real estate company was founded upon the success of his national Aviation Real Estate platform.
A lifelong waterfront enthusiast and twinârated pilot, Erik has logged most of his flight hours in a Twin Commander 500 Shrike. He often flies with his father, Jack McCormick, as part of the Baja Bush Pilots group. When not flying, heâs at the helm of his Formula Fastech performance boat, living the lifestyle he helps clients achieve.
Erik built WaterfrontPropertySpecialists.com, AviationRealEstateSpecialists.com, and AirparkMap.com to connect highâend property owners with equally qualified specialists.
âTaking Off Solutions began with aviation, but itâs always been rooted in lifestyle â air, water, and the freedom to live where you truly love.â





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