Nathan Colmer | Van Dyk Group
C: 609.290.4293 | O: 609.492.1511
Bayside homes, and in some cases Bay block homes, are located west of Long Beach Blvd. and require the crossing of the main road. When looking at a Bayside home on LBI, it is important to keep in mind that proximity to a traffic light which can make crossing Long Beach Blvd. much easier. The Bayside offers a quieter area than most Oceanside or ocean block locations and many Bayside homes will have a nice view of the bay and sunset. The ground elevations tends to be lower on the Bayside, it is important to check elevation levels relative to the cost of flood insurance. Bayside homes will commonly be less expensive than those on the Oceanside or ocean block.
Bayside areas are a greater risk of flooding than their ocean side or ocean block counterparts. Contrary to popular opinion, flooding occurs on the Bayside areas first. When a storm the increase in water volume, also known as storm surge, will fill the back bays and encroach on land. Oceanside areas, which are at a higher elevation to begin with, will therefore be safer in future storms. That said, since Hurricane Sandy there has been a massive rebuilding effort on the bayside and many homes now meet or exceed current flood regulations (keeping the cost of insurance very low). In addition, there have been steps taken to limit flooding from future storms such as increased bulkhead height and storm drain upgrades.
The bayside and Bayblock areas of Long Beach Island offer some unique opportunities-I have lived on the bayside my entire life and can personally attest to them! Mainly the bayside will offer buyers:
The bayside areas are generally considered to be quieter than oceanside or oceanblock locations. There is generally less traffic and a lower chance of someone parking in front of your home. Since there are no dunes on the bayfront, many homes will offer great views of the bay and the sunset-especially if they are raised. You will also most likely be able to afford a larger and newer home on the bayside than you will on the oceanside. Homes to the east of Long Beach Blvd will generally trade higher than a home on the bayside due to the convenience of not having to cross Long Beach Blvd. Overall homes on the bayside and Bayblock offer great opportunities in the LBI real estate market.
Homes to the West of Long Beach Blvd (also referred to as Bay Ave and Central Ave in parts of LBI) are generally considered to be bayside and Bayblock homes. As is the case with oceanside and oceanblock homes, bayside and Bayblock homes are categorized if there is or if there is not a street to cross.
The map shown here will clarify the difference between bayside and Bayblock homes in a section of Surf City. The areas shaded in blue are considered to be Bayblock homes since there are no street to cross to the bay. The areas shaded in red are considered bayside since one must cross Barnegat Ave to access the bay. In both cases, bayside and Bayblock homes are West of Long Beach Blvd. The area shaded in yellow are considered oceanblock since there are no streets to cross to the beach.
Buying a home in the LBI real estate market is a major investment, and one that should be undertaken only after a thorough understanding of the aspects that determine value. The potential for Long Beach Island flooding and the cost of flood insurance is paramount in this evaluation. Understanding the pros and cons of the different areas and your risk levels of flooding can go a long way to securing your investment.
While hurricanes, such as Hurricane Sandy, certainly captured national attention, flooding is far more likely to occur from a strong nor’easter or even a high tide and full moon combination. It is for this reason that understanding the different areas of Long Beach Island and where it is likely and where it is not likely to flood is an essential step to buying a home in the LBI real estate market. Flooding can happen anywhere on Long Beach Island, but there are some areas that are more prone to it than others. Generally speaking, the bayside areas are more at risk than their oceanside counterparts. This can further be broken down to individual sections of Long Beach Island which may have been built on natural marshes, and therefore retain their potential for flooding. This all comes into play when determining the cost of flood insurance.
For those looking to invest in the Long Beach Island real estate market it is important to keep in mind both location and condition of the house. Bayside properties that are not elevated may have a very high cost of flood insurance which can outweigh their seemingly low purchase price. It is important to remember that every single property on Long Beach Island is unique and many homes on the bayside and Bayblock have been built or re-built to exceed current flood codes. Therefore the cost of flood insurance can actually be more affordable than a home on the oceanside. It all comes down to the specific property and the overall net cost of ownership.