Leggett and Bockstael (2000) used water quality data from
monitoring stations; however their data set was limited to
Chesapeake Bay coastal monitors and waterfront property
sales. They also included in their model as explanatory
variables, distance to nearest relevant major pollution point
source and nearest sewage treatment plant. They found fecal
coliform counts, a non-visualmeasure of water quality, to have
a significant, negative effect on waterfront property values.