Once prized and profitable, beachfront real estate can now be a losing proposition

Under normal circumstances, the six-bedroom oceanfront home on Oregon’s northern coast would be a sought-after haven for summer beachgoers. With a hot tub and a swimming pool, the Tuscan-style residence spans 3,300 square feet and includes sweeping views of the Pacific Ocean.

But these aren’t normal circumstances along the Oregon coast.

The home is in the town of Rockaway Beach, where large swaths of beachfront have been eaten away in recent years as rising tides fuel record levels of erosion. When it was built in 2009, at a cost of more than $1 million, the property sat nearly 30 feet from the

...read more at https://www.seattletimes.com/business/real-estate/once-prized-and-profitable-beachfront-real-estate-can-now-be-a-losing-proposition/

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