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Beach re-nourishment and property value growth : the case of Folly Beach, South Carolina
Blackwell, Calvin Sheldon, Susannah Lansbury, David South Carolina Sea Grant Consortium
Blackwell, Calvin
Sheldon, Susannah
Lansbury, David
South Carolina Sea Grant Consortium
Abstract
Numerous studies using a variety of methods suggest that beach re-nourishment generates benefits to both recreational users and property owners. However, the only study to use a repeat sales index (Cordes, Gatlaff and Yezer, 2001) found no effect of re-nourishment on property values. We use a repeat sales index to investigate the effects of the Army Corps of Engineers' re-nourishment of Folly Beach, South Carolina. We find that this re-nourishment has maintained property values' rates of appreciation when compared with real estate values in a similar real estate market, the Isle of Palms, South Carolina.
Issue Date
2011-02-11
Keywords
Land value taxation--South Carolina--Folly Beach, Beach nourishment--South Carolina--Folly Beach--Economic aspects
Type
Text
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
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