You pay a lot for waterfront property. Here in SJC you can pay that much and not even see the water.
http://www.ziprealty.com/buy_a_home/search/results/sample.jsp?msg=&page=1&cKey=4h0jv6kq
Note: This is so exclusive that you can't even look at on the internet, without being qualified.
and then theres the starter homes here
http://www.homesandland.com/Real_Estate/CA/City/San_Juan_Capistrano/ListingId/10462256.html
You gotta love SO CA!!!