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Know Your Neighborhoods

Welcome to Belle Harbor, an enclave nestled in the western sliver of the Rockaway Peninsula that Sandy hit hard. There's still tons of rebuilding going on, and insurance premiums are expected to climb. Nonetheless, determined New Yorkers want to live there. It does sound pretty idyllic: "Streets are tree-lined, and many houses have wraparound porches adorned with flowers. Neighbors know one another, and the beach is at most a few blocks away." Brokers say that prices have dropped 10 to 30 percent since the storm, even though demand is high and some sales command all-cash buyers. Asks range from a large beachfront property for $1.9 million to smaller homes on the bay for $550K to $650K. [NYT; previously]