New Jersey
Here’s what $5M will get you at the Jersey Shore
Five million dollars is certainly a lot of money. But if you’re looking to sink it into a Jersey Shore house, you probably won’t get everything on your wishlist.
You should be able to find a new construction home. It will probably have a pool. But you might be walking at least a block to get to the beach.
The prices of homes at the Jersey Shore have nearly doubled since the coronavirus pandemic. And the continued low inventory is pushing prices even higher.
“There’s still an extreme lack of inventory,” said Brendan Pierce with Keller Williams Shore Properties. “Sellers are really benefitting.”
Five million dollars is the mid-range of the market, nowadays, especially in places like Seven Mile Island, where home prices top out at more than $20 million.
Prices were expected to stabilize when interest rates rose but that isn’t happening.
“People have just become more tolerant of the higher rates and they have a greater belief the market isn’t going to be negatively impacted,” said Jack Binder, Jr. of Ferguson Dechert Real Estate, Inc. “They’re watching other people’s transactions … and those transactions are giving them confidence. When this round sells, the dirt is going to be even more expensive.”
The $4 million to $5 million price range is a very active segment of the market, said Shawn Clayton of Clayton & Clayton Realtors, who works primarily between Point Pleasant Beach and South Mantoloking.
“There are probably four to five listings that just went under contract in the past 60 days,” he said.
And the market is picking up steam as the summer wanes.
“People who were down for the summer start heading home and feel like they’re missing out,” Clayton said. “So they want to step it up and purchase something for next year.”
Here are some homes that were recently listed at the Jersey Shore for about $5 million:
The custom-built home is listed for $4,999,9999.Courtesy of Brendan Pierce with Keller Williams Shore Properties
This home was custom built in 2022 for the current owner. The six-bedroom, four full- and two half-bathroom residence has 75 feet of water frontage and is located in the Normandy Beach private enclave. It has an elevator, a salt water pool, a chef’s kitchen and ornate millwork.
The home was on the market for about 50 days, “then we received several full price offers within 48 hours of each other,” said Brendan Pierce with Keller Williams Shore Properties. It is currently under contract.
This oceanfront home is listed for $4,895,000.Courtesy of Shawn Clayton with Clayton & Clayton Realtors
This oceanfront five-bedroom, four-bathroom home was built in 2004. It’s about 4,300 square feet and has lower and upper decks with ocean views, multiple balconies, a two-car garage, a fireplace in the living room and a custom kitchen.
“The house is on Beacon Lane, it’s a very unique, oceanfront street. Everything is very custom. The neighborhood is built by design. It really does stand out and is a desirable area,” said Shawn Clayton of Clayton & Clayton Realtors.
The price of this new build has been reduced twice from $5.195 million to $4.699 million.Courtesy of Jack Binder, Jr. of Ferguson Dechert Real Estate, Inc.
A six-bedroom, six full- and two half-bathroom home is brand new. It’s a couple of blocks from the center of town and 16 homes from the beach. It was listed in January for $5.195 million. The price was reduced in March to $4.995 million and at the end of June the price was changed again to $4.699 million.
“It was built by people who did not intend to sell it and therefore it is ammenitized in a way that is finished beyond your typical … home built for resale,” said Jack Binder Jr. of Ferguson Dechert Real Estate, Inc.
Are you an agent, buyer or seller who is active in this changing market? Do you have tips about New Jersey’s real estate market? Unusual listings? Let us know.
Thank you for relying on us to provide the local news you can trust. Please consider supporting NJ.com with a subscription.
Allison Pries may be reached at apries@njadvancemedia.com.
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It was a first for South Amboy police Sgt. David Kales and patrolmen Mark Lewis and Paul Noble on Tuesday, Dec. 5, 2000 when they helped deliver a baby.
Less than two minutes after arriving at a Washington Avenue home on the report of a woman in labor, Jeriel was born to Jennifer Llibre, with an assist by the three city cops.
Here’s a look at events that happened in Central Jersey from five, 10, 25, 50 and 100 years ago this week.
Five years ago
Dec. 3, 2020: It was reported Ray Cipperly Field at Middlesex County Vocational and Technical Schools’ East Brunswick campus had been named the 2020 Schools and Parks Baseball Field of the Year by the Sports Turf Managers Association, a nonprofit professional organization for men and women who manage sports fields worldwide.
Dec. 4: In a statement, it was announced Gov. Phil Murphy, Senate President Stephen Sweeney, Assembly Speaker Craig Coughlin and bill sponsors Sen. Nick Scutari and Assemblywoman Annette Quijano had reached a deal on bills that would establish a framework for a legal weed industry, setting up a key vote in the coming weeks.
Dec. 4: Six NJ hospitals ― Hackensack University Medical Center, Morristown Medical Center, University Hospital in Newark, Robert Wood Johnson University Hospital in New Brunswick, AtlantiCare Regional Medical Center in Atlantic City and Cooper University Hospital in Camden ― were selected to receive the first COVID-19 vaccines, it was reported.
Dec. 4: It was reported Juan Hector Padilla, 29, of Bound Brook, was indicted in connection with a seven-alarm fire that damaged two apartment buildings under construction on West Main Street in Bound Brook in January 2020.
Dec. 7: Hillsborough had become a “Stigma-Free Community,” a campaign, an initiative of the Somerset County Department of Human Services, to raise awareness of the importance of mental health and create an environment where people feel free to seek support without fear of being stigmatized, it was reported.
Dec. 7: State officials said an unidentified resident at the Menlo Park veterans home died over the weekend from COVID-19 ― the first death at one of the state-run veterans homes in 180 days.
Dec. 7: It was reported celebrity chef David Burke would open Orchard Park, his fourth restaurant to open during the pandemic, on Tuesday, Dec. 8, 2020, at the Chateau Grande Hotel in East Brunswick.
10 years ago
Dec. 2, 2015: Appearing on ABC News’ “Good Morning America,” Gov. Chris Christie defended his hard-line opposition to relocating Syrian refugees to NJ and said former Gov. Thomas Kean ― his latest critic on the issue ― was all wrong.
Dec. 3: A day after 14 people were killed in a mass shooting in California, lawmakers failed to override Gov. Chris Christie’s veto of a gun-control bill by just three votes.
Dec. 3: The Westfield High School football team beat Bridgewater-Raritan, 10-7, in a sectional final at MetLife Stadium in East Rutherford.
Dec. 5: George Clinton and the Parliament Funkadelic with TL Shider, Garden State Line, Midnight Mosaic and Underground Logic, performed at Starland Ballroom in Sayreville.
2000
Dec. 2, 2000: About 70 supporters of Texas Gov. George W. Bush rallied outside the Somerset County Courthouse in Somerville on behalf of his claim to the presidency.
Dec. 3: Two divorcing parents ― Jim Price of Raritan Borough and Jennifer Price of Clinton ― who were battling over the circumcision of their 3-year-old son, would appear on Monday, Dec. 4, 2000, in Superior Court in Somerville for a hearing ordered by the Supreme Court to determine whether the surgery should go forward, it was reported.
Dec. 6: In women’s college basketball, Rutgers University beat Virginia Tech, 61-53.
Dec. 7: It was reported Dave Keyes and his band, winners of the W.C. Handy National Blues Talent Search, would perform at Old Bay Restaurant in New Brunswick.
1975
Dec. 2, 1975: U.S. District Court Judge Frederick B. Lacey, sitting in Newark, issued the go-ahead for the planned public deer hunt scheduled for the next week in the Great Swamp National Wildlife Refuge in Passaic Township.
Dec. 3: Many milk drivers continued on a “business as usual” basis in Middlesex and Somerset counties, in spite of a strike of 880 union drivers.
Dec. 4: Several homes in South Amboy were showered with kerosene after a United Airlines jet with 120 passengers on board jettisoned 40,000 gallons of fuel when an engine caught fire. The plane returned to Newark International Airport safely, with no injuries.
Dec. 5: In Elizabeth, Edward Nolan and Robert Madurski, defendants in a case involving the theft of $4 million worth of home heating oil from the Exxon Bayway Refinery in Linden, received suspended prison sentences and were fined $1,000 each.
Dec. 5-7: “Bye Bye Birdie” was presented at Middlesex County College Performing Arts Theater in Edison.
Dec. 6: In college basketball, Phil Sellers scored 36 points and Mike Dabney added 21 as Rutgers beat Seton Hall’s Pirates, 119-93, at Rutgers Gym in New Brunswick, setting a Rutgers Gym record for most points by one team.
1925
Dec. 2, 1925: In basketball, St. Peter’s Lyceum beat the Maroon and Gray quintet of South River, 36-27.
Dec. 2-3: The movie, “Thunder Mountain,” a dramatic story of the Blue Ridge Mountains, was shown at Reade’s Strand Theatre in Perth Amboy.
Dec. 4-5: The movie, “The Half Way Girl,” starring Doris Kenyon and Lloyd Hughes, was shown at Reade’s Strand Theatre in Perth Amboy.
Dec. 6: Fire of an unknown origin started in the south wing of Winants Hall on the Queens Campus of Rutgers University in New Brunswick, for the second time within a month. Students helped firemen fight the fire.
Dec. 6: The New Brunswick Soccer Club won the first half championship in the Capital City Soccer League at Buccleuch Park in New Brunswick by beating the Highlanders of Trenton, 3-1.
Brad Wadlow is a staff writer for MyCentralJersey.com
New Jersey
Mom of NJ teen killed outside NYC ax-throwing bar claims booze, lax security led to her son’s death
Abundant booze and lax security set the stage for the fatal 2023 stabbing of a New Jersey high school football player outside an NYC ax-throwing bar, his mother contended in new court papers.
Rocco Rodden, 17, was knifed in the heart on Nov. 23, 2023 outside Live Axe in TriBeCa by Long Islander Gianluca Bordone, who admitted to the killing in court but was acquitted of manslaughter and assault charges in the case.
Rodden’s mother Angelina claimed Live Axe, security company Burns Consulting and others, including bartenders, promoters and a limousine company, set up a perfect storm the night her son was slain.
The companies “failed to provide wristbands to people old enough to drink” and “were required to check the identification documents of all individuals entering the venue, but failed to do so,” she said in her Nov. 21 Manhattan Supreme Court papers, which also name Bordone as a defendant.
The poor security also allowed Bordone, who was 19 at the time of the attack, to bring a pocket knife to the Lafayette Street bar, she alleged.
Bordone, of Oyster Bay, claimed he feared for his life as a group that included the victim chased him down the street and began beating him.
“I was afraid that they would get me to the floor, stomp me, kill me, hit me with the bottle that I had seen before,” he said on the witness stand, according to Newsday.
Bordone also allegedly stabbed Rodden’s older brother, Anthony, outside the bar — where all three were attending a private party, authorities had said.
“It is quite possible that Bordone could have killed Anthony Rodden due to his tortious conduct,” the mother said in the lawsuit, which seeks unspecified damages.
The promotors, security and others hired to work the event also failed to call authorities after the stabbing, she claimed.
Neither Bordone, nor Live Axe owner Zac Segal and promoter Ian Magid, who are each named in the lawsuit, could be reached for comment. A lawyer for security company Burns Consulting denied any wrongdoing.
“Many horrible tragedies do not result in legal liability and this is one of them,” said Burns Consulting attorney Kenneth Belkin. “My heart goes out to the family of Mr. Rodden for their loss, but this is a frivolous lawsuit against my client.
NewJerseyDevils.com is the official web site of the New Jersey Devils, a member team of the National Hockey League (“NHL”). NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2025 New Jersey Devils and the National Hockey League. All Rights Reserved.
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