PROPERTY TYPES IN LONG BEACH ISLAND, NJ
Condominiums on LBI
LBI Real Estate Condominiums on Long Beach Island
Condos offer an excellent opportunity to own a home on Long Beach Island at a more affordable price point than single-family homes. LBI has a variety of condo options, from large professionally managed complexes with amenities like pools, tennis courts, and boat slips to smaller buildings with four or fewer units and townhomes that function similarly to single-family homes. While larger complexes come with higher monthly fees covering amenities and insurance, smaller condos and townhomes often have lower fees due to self-management. Whether you're looking for a vacation home or a rental investment, LBI condos provide a flexible and attractive ownership option.
Important Considerations When Buying or Selling a Condo in the LBI NJ Real Estate Market
When looking to buy or sell a condo in the LBI NJ real estate market there are a few important points to remember:
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Condos and condominiums in the LBI real estate market range in price from under $200,000-$2,000,000!
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Duplexes can be converted into condos for a cheap and easy entrance into the LBI real estate market.
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Always remember to account for the added fees of monthly maintenance and common insurance.
Most condos on Long Beach Island will sell for about $350-$450/ sq. foot depending on the condo, the location and the condition of the unit. There are usually about 2-5 condo sales each month in the LBI real estate market and there is usually an inventory of about 50-80 units on the market at any given point.
There are a few styles of condos and townhomes available to buy or rent in the LBI real estate market. Each type of condo offers something different to a buyer so it is important to understand the unique characteristics of each condominium for sale in the Long Beach Island real estate market.
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While condominiums offer a lower price point compared to single family homes and duplexes on Long Beach Island, buyers must be aware of the additional ownership costs such as HOA fees when assessing the total cost of the home purchase.