Nathan Colmer | The Van Dyk Group
C: 609.290.4293 | O: 609.492.1511
Search LBI NJ real estate single family homes for sale between $1,500,000 and $2,000,000 on Long Beach Island New Jersey. Search oceanfront, oceanblock, oceanside, bayside and bayfront homes in the Long Beach Island New Jersey real estate market.
Single family homes on Long Beach Island priced between $1,500,000 and $2,000,000 offer some of the finest real estate available. With very few exceptions, homes will be waterfront or at least waterview homes and built within the last 10 years.
Higher end homes priced between $1,500,000 and $2,000,000 offer buyers wonderful properties in fantastic locations. Most homes in this price point will offer top of the line amenities and some of the best property locations in the LBI real estate market. Most homes in this price point will offer some impressive views of the water and easy beach access and are either brand new or near new construction. As with other high end price points there will be a number of tear down homes in this price point which can offer excellent investment opportunities.
There are usually between 50 and 75 single family homes for sale in this price point which is less than other price ranges in the LBI real estate market. These higher end homes can be summarized by the following:
It is important for all buyers to remember that all homes in this price range are subject to the "mansion tax" which equates to 1% of the purchase price paid by the buyer to the State of New Jersey. This expenses is due at closing and must be factored into the overall transaction.
This budget will easily allow for the purchase of land and the building of a new home. While this is a significant investment of time, approximate one full year from start to finish, the finished home should have between 20% and %30% equity in the home relative to the project cost. This kind of appreciation makes such an endeavor highly attractive for both personal enjoyment and long term investment in the LBI real estate market.