Homes overlooking Pacific Beach. Photo by Tim Shell via Wikimedia Commons

San Diego’s oceanfront may be one of the city’s finest features, but living on it comes at a hefty premium, according to a survey released Friday by Zillow.

The online real estate company ranked San Diego seventh among cities over 100,000 population in the premium for waterfront living — 240 percent over the median value for a nonwaterfront home.

“The allure of ocean and lakefront living is powerful and undeniable, and millions of homeowners nationwide dream of one day owning a home on the water. But those dreams come at a price,” said Zillow Chief Economist Stan Humphries.

Ocean locations commanded the highest premium, with only one lakefront city — Cleveland, OH, on Lake Erie — in the top 10.

Zillow’s survey is based on median home values for single-family homes located 150 feet or closer to the waterline of an ocean or a lake with a total combined size of 10 square kilometers or greater.

Here are the top 10 cities:

City

Median Value, Nonwaterfront 

Median Value, Waterfront 

Premium

Tampa, FL

$125,300

$1,043,700

733.0%

Honolulu, HI

$877,400

$3,812,000

334.5%

Long Beach, CA

$505,200

$2,130,000

321.6%

Cleveland, OH

$54,300

$225,000

314.4%

Virginia Beach, VA

$260,900

$940,100

260.3%

Seattle, WA

$489,000

$1,710,400

249.8%

San Diego, CA

$ 564,900

$1,924,500

240.7%

Pensacola, FL

$99,800

$325,300

226.0%

Bellevue, WA

$652,300

$2,016,200

209.1%

Boca Raton, FL

$373,100

$1,135,100

204.2%

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Chris Jennewein

Chris Jennewein is Editor & Publisher of Times of San Diego.