Interval Ownership in the LBI Real Estate Market
- Aug 27, 2012
- 2 min read
Updated: Jan 28
“Co-Ownership” or “Interval Ownership” on LBI NJ
An LBI Vacation—With a Twist
Long Beach Island, NJ is known for its classic summer charm and family-friendly atmosphere. From sunny beach days to evening bay breezes, it’s easy to see why so many people dream of owning a vacation home on LBI. While purchasing a full-time second home in the LBI real estate market isn’t realistic for everyone, there is an alternative that can make ownership attainable in the LBI real estate market: Interval Ownership on Long Beach Island.
Interval ownership—also known as co-ownership—allows multiple families to share ownership of a single vacation property. Typically, five families co-own a single-family home, or ten families co-own a duplex. Unlike traditional timeshares, interval ownership on Long Beach Island is a hybrid model that provides true real estate ownership. Each family holds a deeded interest in the property, similar to owning a condominium, while also enjoying scheduled usage like a timeshare.
Each owner is entitled to approximately ten weeks of use per year, rotated throughout the seasons. During your assigned weeks, you may use the home personally or rent it, offering both lifestyle enjoyment and potential income.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Interval Ownership Management
Much like a condominium association, interval ownership properties are professionally managed to ensure seamless operation and proper maintenance. While all owners retain equal voting rights and decision-making authority, a management company handles the day-to-day responsibilities, including:
Professional cleaning of the property
General maintenance and repairs
Scheduling and managing owner usage periods
Collecting and distributing funds for expenses such as taxes, utilities, and insurance
Usage time is carefully structured so each owner enjoys a balanced mix of the year—typically including two prime summer weeks, along with spring, fall, and winter weeks. This rotation allows owners to experience Long Beach Island in every season. A small portion of the calendar is reserved for maintenance and larger repair projects to keep the property in excellent condition.
Interval Ownership in the LBI Real Estate Market
The biggest advantage of interval ownership is affordability. It offers a practical path to owning a vacation home on Long Beach Island without the full financial burden of sole ownership. The concept originated from friends and families pooling resources to purchase something meaningful—something they couldn’t achieve alone—while professional management ensures the experience remains simple and stress-free.
If you’d like to learn more about interval ownership, explore current opportunities, or discuss the broader LBI real estate market, feel free to contact me anytime. I’m happy to help you find the right path to owning your piece of Long Beach Island.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
