Believe it or not - the owner of this property paid 50,000,000 US dollars just for the view. He could have bought a similar property a few hundred metres away for a third of the price. But, it didn’t have an ocean view. So he plonked down an extra 50,000,000. It’s true that property with an ocean view usually costs much more. And that is especially true on Phuket - where prime sea view land is running out. It’s not going to get any better either.