PT  - JOURNAL ARTICLE
AU  - Pompe, Jeffrey
TI  - The Effect of a Gated Community on Property and Beach Amenity Valuation
AID  - 10.3368/le.84.3.423
DP  - 2008 Aug 01
TA  - Land Economics
PG  - 423--433
VI  - 84
IP  - 3
4099  - http://le.uwpress.org/content/84/3/423.short
4100  - http://le.uwpress.org/content/84/3/423.full
SO  - Land Econ2008 Aug 01; 84
AB  - We examine how location in a gated community affects the value of a single-family home and the valuation of a beach. Using data on 2,358 sales on barrier islands near Charleston, South Carolina, the empirical results indicate that homeowners pay a premium of 18.6% for a property in a gated community. The value of location near a beach is greater in gated than nongated communities. (JEL R21, Q51)