New Jersey

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

Published

2 years ago

July 20, 2024

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.”

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.

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.

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

Is ICE giving up on Roxbury detention center? NJ leaders laud report

Published

9 hours ago

June 18, 2026

Press Room

Is ICE giving up on Roxbury detention center? NJ leaders laud report

State leaders were celebrating a New York Times report that federal officials are considering ending plans for ICE dentention center in Morris County.

Federal officials are considering abandoning plans for a controversial immigration detention facility in Roxbury, New Jersey, according to a June 18 report by The New York Times, prompting local leaders and state officials to declare a victory after months of legal and political opposition.

The proposed facility, a warehouse property purchased to serve as an Immigration and Customs Enforcement detention center, faced intense criticism from local residents, environmental advocates and elected officials who argued the site was unsuitable for housing detainees.

In a joint statement issued Thursday, Gov. Mikie Sherrill and Attorney General Jennifer Davenport said the Department of Homeland Security appeared to be backing away from the project following legal challenges that halted development.

“Today the New York Times is reporting that the U.S. Department of Homeland Security is backing down on its mass detention center in Roxbury,” the statement said. “That is a big win for public safety, for the township of Roxbury, and for New Jersey.”

According to the Times report, the Roxbury facility is one of seven ICE is planning to dispense with by transferring ownership to other federal agencies or selling them.

Opponents argued the warehouse was designed as a logistics facility and lacked the infrastructure necessary to support a large detention center. They also raised concerns about the potential strain on local water and sewage systems and the impact on environmentally sensitive land surrounding the site.

State officials said they joined Roxbury Township in court to challenge the project, contending that federal plans violated local regulations and posed risks to the community.

“DHS’s plans were always illegal,” the statement said. “The Roxbury warehouse is a logistics center fit for packages, not thousands of people.”

Rep. Rob Menendez said in a statement on Thursday: “We are working to confirm reporting that ICE is abandoning its Roxbury warehouse plans, but if true, this would be big news. From day one, we have fought to stop this facility, bringing together thousands of New Jerseyans in opposition. Now we are on the cusp of an important win for our state.”

The detention center was expected to become part of the federal government’s broader immigration enforcement and detention network. However, the project became a flashpoint in New Jersey, drawing opposition from both local officials and residents concerned about public safety, environmental impacts and the facility’s compatibility with surrounding land uses.

Federal officials have not publicly confirmed whether the property will be sold or formally removed from consideration. The Department of Homeland Security has not commented on the reported change in plans.

Opponents vowed to continue monitoring the situation until the project is officially terminated.

“This isn’t a partisan issue,” the statement said. “We’re grateful for our partnership with the Roxbury community as we keep DHS’s feet to the fire to ensure this facility is never opened.”

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New Jersey

NJ rabbi faces lawsuit for sexual assault after giving financial aid | The Jerusalem Post

Published

19 hours ago

June 18, 2026

Press Room

NJ rabbi faces lawsuit for sexual assault after giving financial aid | The Jerusalem Post

A rabbi in Ocean County is being sued by a woman who claims he sexually assaulted her when she came to him for financial help, then defamed her on a website and in fliers he posted near her children’s school.

Avraham Appel, of Jackson, abused his position as a trusted community leader to sexually assault and exploit the woman, an Israeli immigrant who came to him as a single mother struggling to pay bills, according to the lawsuit, filed in the Superior Court of Ocean County.

Appel is a prominent rabbi and Rosh Kollel, or head of a Jewish institute for advanced Talmudic study, who is based in Lakewood and Jackson, according to court papers filed January 5.

Appel did not respond to calls to his home and cellphone seeking comment on the lawsuit.

The woman claims she confided in one of her children’s schoolteachers in early 2020 that she was in significant financial distress and having trouble paying for daycare.

A NEW Jersey police car stands guard on November 1, 2017, in Paterson, New Jersey. (credit: EDUARDO MUNOZ ALVAREZ/AFP via Getty Images)

The teacher suggested she contact Appel, according to the suit.

In February 2020, Appel arranged to meet with the woman at a local Starbucks.

“During that meeting, Appel presented himself to (the woman) as a rabbi, mentor, advisor, and friend whom (the woman) could trust, confide in, and depend on,” the lawsuit states.

Appel, who had experience in real estate, allegedly offered the woman an opportunity to solicit investments on his behalf and to “draw,” or advance, money against future commissions.

Rabbi issues payments to woman after alleged sexual assault

In June and July 2022, Appel issued six payments to the woman, totaling $20,000 and characterized as advances or loans. He also provided the woman with “financial assistance” so she could buy groceries and pay medical expenses and water bills, according to the suit.

The lawsuit claims most of the money was meant to buy the woman’s silence after he attacked her on June 1, 2022.

The suit alleges Appel visited the woman while she was alone at home and sexually assaulted her as she pleaded for him to stop.

“Appel was abusive and unrelenting. The more (the woman) pled for mercy, the more aggressive Appel became,” the suit alleges.

Before leaving her home, he allegedly ordered her to delete Ring camera footage that showed him arriving.

In the months after the assault, Appel “forced himself upon” the woman and took sexual advantage of her on other occasions, the suit claims.

Appel also allegedly bombarded the woman with demands for sexual acts and sent her a barrage of text and WhatsApp messages containing crude and graphic sexual content.

“I want to squeeze your breasts,” one text allegedly said. In another, he sent the woman a photo of his penis, the suit alleges.

In July 2024, the woman met with another rabbi and shared evidence of the sexual assault and “other incidents involving Appel,” the suit claims.

Woman offered $50,000 for therapy after sexual assault

Appel later contacted his attorney and the two offered the woman $50,000 to cover her future therapy expenses.

The money would be available only if the woman signed a release of any claims related to the assault and agreed to keep all incidents between them confidential, according to the suit.

The woman refused to accept the money or sign the agreement, the suit says.

Appel then launched a campaign to destroy the woman “personally and professionally,” according to the lawsuit.

On December 15, 2025, the woman became aware of a website with her photos that claimed she was “a danger to all Jews,” and warned the public to stay away from her, according to the complaint.

The website disclosed the woman’s address, claimed she stole money, and characterized her as a “thief.”

Moreover, Appel and possibly others posted signs smearing the woman. The signs were posted at public locations throughout the community, including the school her two children attended, the suit alleges.

The lawsuit claims sexual assault, invasion of privacy, intentional infliction of emotional distress, defamation, and conspiracy.

The complaint also alleges Appel breached his duty as a rabbi to conduct himself with loyalty and in good faith.

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