Looking To Buy On Long Beach Island“LBI”?
Click on the links below or scroll down the page to learn about purchasing on Long Beach Island!
Search All Properties Currently For Sale on LBI
Why Buy on LBI?
Types of Homes on Long Beach Island “LBI”
Home Search By Town
Property Locations on LBI
Oceanfront
Oceanfront properties on LBI are some of the most sought out real estate in New Jersey, carrying the price tags to match the demand. As expected, waterfront properties also carry different building and construction codes.
Bayfront
Bayfront refers to property that is adjoining or fronting on a bay. Bayfront properties are typically lower in price than Oceanfront and often give an owner “more bang for your buck”. A major advantage of owning a bayfront property is the ability to have a dock and/or boat. Boat slips are expensive and rarely vacant on LBI.
Oceanblock
Oceanblock refers to properties that are located on the east side of Long Beach Boulevard and do not involve crossing any street to get to the beach entrance.
Lagoonfront
Lagoonfront refers to properties that front a lagoon or cove that opens up into the bay. Little Egg Harbor Bay, Manahawkin Bay, and Barnegat Bay all contain numerous unique and beautiful lagoons along the west side of the island. Lagoons provide additional protection from wind and wind swell during storms.
Oceanside
Oceanside simply means that the property is on the east side of Long Beach Blvd, but in some areas on island may require you to cross a street (such as Beach Ave).
Bayside
Bayside homes are located on the west side of Long Beach Blvd. As a result, these homes tend to be the most affordable on Island. There are only a few sections on LBI that require a longer walk (more than 5-10 minutes) from bayside to the ocean entrance.
Escape to the serene beauty of Long Beach Island's waterfront paradise! Explore a curated selection of stunning oceanfront, bayfront, and lagoonfront properties, offering unparalleled views and access to the tranquil waters. Click now to discover your dream coastal retreat on LBI!
Search All Waterfront Properties For Sale
Newly Built Homes For Sale
Explore all newly built properties on Long Beach Island by clicking below
Mainland Properties
The Mainland off of Long Beach Island offers a plethora of communities and neighborhoods perfect for raising a family, retiring, or finding a vacation home. Popular areas include Beach Haven West, Barnegat, West Creek, Cedar Run, Ocean Acres, Mystic Island, Osborn Island, and more! Contact me to help find your dream home.
-
Property taxes are a given expense when purchasing real estate. On island, a rough average of annual taxes can range from $3,000-$8,000 for the typical, existing property. New construction and larger properties can range from $8,000 to $15,000 annually (can be higher or lower).
*all numbers are a rough estimate
-
For the average mortgage, most companies/lenders requires the borrower to pay them back monthly, including both the principal and interest in one payment. This total amount is based on the total borrowed, interest rate, and term (length in time) of the loan.
If you purchased your home without a mortgage, then obviously, you will have no payments.
-
Flood insurance is necessary for all homes located on Long Beach Island that are purchased with a mortgage. Many people fear the price of Flood Insurance, but in reality it is quite reasonable. Newly built/younger homes above the Base Flood Elevation point roughly can range between $700-$1,300 annually. Older homes below this elevation point can be charged approximately $1,500-$3,500 annually depending on the structure and location of the property. Some companies (such as the Van Dyk group) offer private flood insurance which may help reduce costs. You will need an Elevation Certificate upon closing to determine Flood Insurance.
Typically, homes in the “A”, “AO”, and “AE” flood zone are easier to insure than a property zoned in a “V” zone. Building codes and approval are also less restrictive for homes in an “A”, “AO”, or “AE” zone. The main difference between these zones is that in a “V” zone, FEMA has determined that the property has a 1% or greater chance of flooding and an additional hazard associated with storm waves. “A”, “AO”, and “AE” zones are not determined to be at risk from wave action. Click here to search the FEMA flood maps for a specific property.
Home Owner’s Insurance is also necessary for any buyer who has a mortgage. Prices can range depending on the policy holder, the specific property, and size of home among other factors. A rough estimate of the cost annually would be between $1,500-$4,000.
*All prices are ROUGH ESTIMATES. It is always recommended to speak with an insurance professional about specifics.
-
It is important to understand that life on a barrier island will cause you to repair, fix, and replace many components of your home throughout your ownership. As a rule of thumb, I tell owners to save at least 1%-3% of the total purchase price of the house, every year, to use for annual maintenance expenses. Some years may have significantly lower maintenance costs while others could go way above the “norm”.
-
The island is serviced by New Jersey Natural Gas and Atlantic City Electric. Using a rough average, most homes will spend $150 on monthly heating and $50-$100 on electricity.
Each municipality controls the water and sewer. Monthly cost varies.
*All numbers are a rough estimate and will vary
-
The island is serviced by both Comcast and Verizon for cable and internet. On average it costs $75-$200 per month for an internet and cable bundle. *Call Verizon or Comcast for an exact number.
Typical Ownership Costs
Typical Buyer Closing Costs
-
Typical Loan-To-Value (LTV) ratios range from 70%-80%.
Example: $1,000,000 purchase price
80% LTV
Loan amount: $800,000
Down payment: $200,000
-
Mortgage & Appraisal fees may include a credit report, document preparation fees, mortgage discount points, the appraisal itself, and possibly a few more minor fees. In total, expect costs to be around $1,500.
*All numbers given are estimates. It is recommended to speak with a mortgage professional about specifics.
-
Real Estate attorney’s review and protect your rights throughout the sale/purchase process. For many, buying a home is the largest investment one will have to make so it is highly recommended to hire a Real Estate attorney to ensure a smooth, valid, and legal transaction process. Rates can vary but typical cost falls between $1,000-$2,000.
*all numbers given are estimates
-
Home Inspections are extremely important. They can help find hidden defects and issues with the property that are crucial to your purchase. As an estimation, typical home inspections cost between $500-$1,500 depending on size, state of the property, and time spent.
*all numbers given are estimates
-
Many municipalities require the buyer to get a new survey and flood elevation certificate in order to obtain a resale Certificate of Occupancy (CO). Often, the buyer will pay for the survey and elevation certificate, while the seller arranges and pays for the Certificate of Occupancy. The elevation certificate is also crucial in obtaining Flood Insurance. Doing this can cost on average between $1,000-$2,000.
*all numbers given are estimates
-
Each town has a different fee amount imposed for the sale of a property. The fee(s) typically will be for the filing of the deed, transfer of water/sewer, and other similar fees. These fees typically can total around $1,000.
*all numbers given are estimates
-
The mortgage lender usually requires the buyer to establish and maintain a reserve so that the borrower has sufficient funds to pay general taxes and renew insurance when ownership is transferred. Usually equal to one month’s portion of general tax and insurance premium.
-
Title insurance is used to insure against certain undiscovered defects that may affect the properties title. Most policies typically cover defects such as forged documents, documents of incompetent grantors, incorrect marital statements, and improperly delivered deeds. Costs can vary. Unlike other insurance policies, title insurance is a one-time fee. Speak with a title insurance representative to inquire about costs and specifics.
-
Typical credits to the seller would be utility prorations and real estate tax reimbursements. Typically ranges from $1,000-$1,500.
*all numbers given are estimates
Local Professionals
-
(Glendennig Mortgage Corporation)
732-691-2327
-Irene Netzel 609-709-7528
-James Anzano 908-330-1446
Antonio Velardi 973-900-7130
Neil Robinson
609-384-2140
Your preferred bank or lending institution
*inquire for more recommendations
-
Hodges Home Inspections: Bob Hodges - 609-602-4821
Pillar To Post: 609-607-8200
SMJ Inspections: Stephen Jeffries, 609-618-7897
-
Deidre Martin: 609-467-5100
James Raban: 609-492-0533
Maria Pennisi: 609-709-4576
Kathleen Sheridan: 609-361-8300
Matthew Gindele: 609-318-4080
Harry Drexler: 609-494-4001
Alison L. Aaron: 609-978-9200
-
The Van Dyk Group, Private Flood Insurance: 800-222-0131
Abbey Insurance: 609-698-4175
Search for a local agency that offers Federal flood insurance here: The National Flood Insurance Program (NFIP): 877-336-2627
-
-
Stewart Title: 609-850-6024
Surety Title Agency Coastal Region: 609- 850-6024
University Title: 609-597-6611
-
-
Gas: New Jersey Natural Gas, (800)-221-0051
Electric: Atlantic City Electric, West Creek location, (609)-294-6727
Water/Sewer: municipality
-
All Purpose Repairs & Renovation: 609-207-6056
Andy’s Handy Services: 732-644-6860
Big C Little Repairs: 609-577-3834
Dan Rodriguez: 609-618-7053
-
Beach Haven Painting: 609-492-6294
Brett Guine: 609-312-8894
Chuck’s Painting: 609-494-9144
High Tide Painting: 609-221-7455
And many more!
-
Alan’s Electric: 609-978-6386
Dave’s Electric: 609-361-0236
Foster’s Electric: 609-698-2210
Lou’s Electric: 609-978-6530
-
Air Tech Services: 609-698-3400
Anchor: 609-693-3111
Comfort Zone HVAC: 609-891-3167
Don Brown: 609-618-4046
-
Bay Ave Plant Co- 609-361-8800
Cutting Edge- 609-978- 4900
Kline Brothers Landscaping- 609-494-5838
J Bucci Landscape Design- 609-597-0964
-
-
LBI Pest Control: 609-384-5019
Ocean Pest Consultants: 609-971-0815
Pestcore Pest Control: 609-879-3393
-
Contact me for a list of specialty services. Examples of specialty services would be outdoor shower builders, roofers, storm window services, etc.
-
Average Sales Price By Year
In need of valuable resources to navigate the real estate world effectively? Look no further. My collection of crucial real estate links is curated to provide you with the essential tools and information necessary for your property endeavors. Ready to embark on your real estate journey? Explore my directory of links today and take the first step towards achieving your real estate goals. Your success story begins here.
Important Real Estate Links
Current Market Update
LBI General Market Update
These two graphs represent two important aspects of the LBI Real Estate Market. Tracking the number of sold homes per month along with the median sales price provides an insight on market activity and sales trends over time.
Sold Homes Per Month
Median Price of Sold Homes Per Month
Source: © BRIGHT, All Rights Reserved

