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Buying and selling Maine coastal real estate has long been about conveying the magic of living by the ocean. Increasingly, it’s also about prepping clients with the latest flood zone maps, projections for sea level rise and insurance availability. ....
The acceleration of sea level rise due to climate change has prompted some analysts to predict a decline in the value of waterfront properties. But that hasn't happened in Maine. In fact, the value of beachfront houses has skyrocketed. Part of the reason may be that people simply love to live on the water, and can afford to. And for some, the risks of rising seas and more powerful storms just don't seem all that imminent. ....