Pricey beach destinations: What $1 million buys you

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    By Elyssa Kirkham/GOBankingRates

    Owning beachfront property sounds like a dream reserved for millionaires, and most of the time, it is. What does it cost to live next to the most beautiful and popular beaches? In these cities, waterfront property can cost tens of millions.

    Click ahead to see how much house $1 million can buy near the best beaches in the world.

    This article, What $1 million buys you on the best beaches in the world, was originally published

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    Methodology: GOBankingRates surveyed popular beach locations around the world, compared homes valued around $1 million and calculated price per square foot. Sources for local average prices per square foot were found for each city as cited in the corresponding slide. For international locations, foreign currencies were converted to U.S. dollars based on exchange rates as of July 21, 2015, and square meters were converted to square feet.