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Here’s what $5M will get you at the Jersey Shore

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Here’s what M 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.”

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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.

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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.

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1702 Beacon Lane Point Pleasant Beach

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.

242 36th Street, Avalon

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.

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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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New Jersey

Nightmare at NY Penn as train fire halts NJ Transit, Amtrak service for hours

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Nightmare at NY Penn as train fire halts NJ Transit, Amtrak service for hours


New Jersey and New York City commuters are facing extensive delays in and out of New York Penn Station Friday, with intensifying ripple effects, after an Amtrak work train car on one of the hub’s tracks caught fire.

The FDNY says it was called to the Midtown scene on 31st Street, between Seventh and Eighth avenues, around 1:30 a.m. Nearly 100 personnel responded. Five civilians were evaluated at the scene by EMS, officials say.

It’s not clear what sparked the fire involving Amtrak’s contractor maintenance vehicles in one of the Hudson River Tunnels. It was knocked down well before 6 a.m., but service on New Jersey Transit, Amtrak, Long Island Rail Road and more was expected to see heavy impacts well into the morning rush, with Hudson River trains operating at reduced capacity. Amtrak said it didn’t expect to lift its suspension until at least noon.

New Jersey Transit and LIRR also announced delays and cancellations. Cross-honoring and diversion programs were in effect as the situation developed. Complete LIRR service at NY Penn had resumed by around 7 a.m., Friday said, though equipment issues were causing cancellations. Get the latest transit information here.

Video from outside Penn Station showed smoke billowing in the pre-dawn hours, as emergency personnel stood by with stretchers awaiting any potential victims.

Amtrak is investigating the cause of the fire.

“We sincerely apologize for the inconvenience this may cause,” the agency’s latest announcement said, pledging to provide updates as new information becomes available.

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Violence reported at Delaney Hall in N.J. Calls to shut it down are growing

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Violence reported at Delaney Hall in N.J. Calls to shut it down are growing


How are detainees at Delaney Hall being treated?

A statement issued by DHS said detainees receive comprehensive medical care and all are treated well.

“They are provided with 3 meals a day, clean water, clothing, bedding, showers, soap, and toiletries. Illegal aliens also have access to phones to communicate with their family members and lawyers. Certified dieticians evaluate meals,” the department wrote.

The release accused Sherrill, Booker and U.S. Sen Andy Kim, as well as U.S. Reps. Rob Menendez, Nellie Pou, LaMonica McIver, Frank Pallone and Analilia Majia, of continuing “to peddle falsehoods about ICE facilities,” and “spreading smears about ICE law enforcement and the Delaney Hall ICE facility in New Jersey.”

Sinha said the assertion that individuals being arrested and taken to Delaney Hall are dangerous criminals is false.

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“This is an administration that has repeatedly lied to us about what’s going on in immigration enforcement and immigration detention facilities,” Sinha said.

He added while Sherrill does not have the legal authority to enter Delaney Hall unannounced, that fact that she was denied entry is concerning.

“The federal government has denied her repeatedly, and it makes you question, ‘What is the federal government trying to hide?’” he asked. “They have no allegiance to any rule of law or semblance of democracy; they’re trying to rewrite the Constitution for people who are noncitizens.”

On Thursday, Sherrill issued a statement saying the New Jersey Department of Health attempted to conduct a inspection of Delaney Hall, but officials were only allowed to inspect only a limited part of the facility.

“We will review and share the department’s findings from the limited portion it was allowed to inspect, and we will continue to pursue all appropriate avenues for demanding transparency and ensuring humane conditions for the individuals being held at the facility,” she said in the statement. “As I’ve said repeatedly, refusing to provide full access raises serious questions about what ICE is trying to hide from public view.”

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Sinha said a hunger strike among those inside the facility is continuing because they are being given spoiled food and inadequate medical care in deplorable conditions.

“People shouldn’t have to starve themselves to make their dignity known; people shouldn’t have to starve themselves to have their rights protected, but that’s what’s happening here,” he said.

Reports of escalating violence

Late Thursday afternoon there were reports of violence escalating within Delaney Hall.

Nedia Morsy, the director of Make the Road New Jersey, an immigration advocacy group, issued a statement saying multiple sources within the facility reported ICE agents attacking detainees and causing serious injuries.

“Right now there are ICE agents inside of Delaney Hall violently beating the hunger strikers,” Morsy said in the statement. “Someone will be killed if no one intervenes and shuts this down. These masked agents are acting as if they’re above the law. This is a modern-day concentration camp, and history will not forgive silence in this moment. We need to shut down Delaney Hall and free everyone inside.”

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Resistencia en Accion, another immigrant rights group, also released a statement, calling for violence against detainees to end.

“We express our utmost disgust with the violence perpetrated by Immigration and Customs Enforcement (ICE) agents today, May 28. Reports at approximately 1:40 p.m. reveal that ICE agents attacked the hunger strikers inside with batons and tear gas. Family members outside received calls from inside, confirming that there were people screaming, and according to their loved ones inside, unconscious detainees and blood on surfaces. ICE is the sole responsible actor for the escalation that has led to several wounded people inside and outside this week,” the statement reads.

WHYY News reached out to DHS late Thursday seeking comment about the reports of violence at Delaney Hall. A written statement was emailed to WHYY that said ICE agents had responded to a physical altercation involving detainees.

“In accordance with established ICE policies and their training, staff used the minimum amount of force to safely deescalate the situation,” DHS wrote. “Following the incident, all affected detainees were promptly evaluated by on-site medical personnel and were cleared with no serious injuries.”



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New Jersey

Proposed tax credit could help pet owners with everyday expenses, vet bills in New Jersey

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Proposed tax credit could help pet owners with everyday expenses, vet bills in New Jersey


Thursday, May 28, 2026 11:54AM

Proposed tax credit could help pet owners in New Jersey

The costs of having a four-legged friend can add up. But New Jersey pet owners could see some relief.

State lawmakers are considering a bill to allow tax credits to dog and cat owners.

The proposed bill would give pet owners a $300 tax credit for everyday pet expenses and up to $600 for veterinary bills.

The bill is moving through the New Jersey legislation and has been referred to the Commerce and Economic Development Committee.

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