THE ULTIMATE LBI BUYER’S GUIDE
Everything You Need to Know About Buying a Home on Long Beach Island
Oceanfront Homes on LBI
Oceanfront homes on LBI are generally the most expensive real estate in the Long Beach Island real estate market. The exclusive location and unobstructed views of the beach and sunrise make this one of the most highly sought-after locations on Long Beach Island. Buyers should anticipate higher costs of insurance (most oceanfront homes are located in the "V" flood zone) and higher maintenance costs thanks to the constant salt spray coming off the beach. Some areas of LBI will have much wider oceanfront lots than others, which can play an enormous role in the valuation of an oceanfront home. A home with more frontage will allow more rooms to have a view and provide better spacing and privacy between each home. Locations with wider lots, therefore, tend to trade much higher.
LBI Real Estate Oceanfront Home Sales
Oceanfront homes in the LBI real estate market have seen an increase in demand and pricing. A wave of new construction has been taking place, which has helped to drive up the price point of all homes on the oceanfront. On average, a new construction home on the oceanfront will trade for about $1,000-$1,800/ sq. foot, and with the average new construction being around 4,000-6,000 sq. feet, it is clear that this is the most expensive price point on Long Beach Island.
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LBI Real Estate Oceanfront Homes
Simply put, oceanfront homes offer the best views, highest rental income and best appreciation in long term value. They are also the most expensive home to buy in the LBI real estate market! Oceanfront homes come in a variety of styles and price ranges. While the majority of oceanfront development consists of single family homes, there are duplexes and condos available for both sale and rent. Specifically, Ship Bottom and Beach Haven offer some very nice oceanfront condos with prices starting in the $400,000 range. By comparison, single family homes start in the over $1,000,000and will exceed $10,000,000! Below are some recent single family oceanfront transactions in the oceanfront real estate market on Long Beach Island.