How to present your reasoning and describe the analysis you took to arrive at this dollar estimate and otherwise justify your valuation based on the given information? To estimate the premium for an ocean view, we can compare the average selling prices of homes with an ocean view to those without an ocean view. Based on the analysis, the premium for an ocean view is estimated as $819,916. This suggests that, on average, homes with an ocean view sell for approximately $819,916 than those without an ocean view. This is a simple analysis and doesn't take into account other factors that could influence home prices, such as the number of bedrooms and bathrooms, square footage, and whether or not the home has a pool