In a study done on the effects of location, a standard home in a suburb with no special location or amenities would be valued at $212,137. That same house located near parkland or open spaces was valued at $215,510. If the house is in a gated community, for example the value rises to $225,772. If the house is in an area with public transportation, it goes up to $238, 340. Finally, if the same house was for example waterfront Jacksonville Beach real estate, the value escalates to $303, 760. This is the same house, with the same features inside, but a varying location.

Neighborhood amenities may also decrease the value of a home. For example, a baseline $212, 137 suburban house drops to $209, 175 if it has bad roads. Inadequate shopping drops the price to $197, 699. If there are industrial or abandoned buildings nearby, the price plummets to $185, 805.  The only thing that seemed to be the same in every region was the increase in price of homes that were waterfront. Waterfront property increases the value by 43 to 44 percent in most places. This is true in Northeast Florida in all of the beach communities including Jacksonville Beach homes, Ponte Vedra Fl condos and  Ponte Vedra South real estate.