PROPERTY TYPES IN LONG BEACH ISLAND, NJ
Everything You Need to Know About Property Types on Long Beach Island
Custom Designed Condo Complexes
Long Beach Island offers a variety of purpose-built condominium complexes designed for resort-style living. These traditional condos feature multiple units, common amenities such as pools, tennis courts, and boat docks, and professional management. While monthly fees tend to be higher to cover these amenities, they provide a more luxurious and maintenance-free lifestyle.
LBI’s condo options range from large, high-end communities like Shelter Harbor in Beach Haven, which offer top-tier amenities but come with higher HOA fees, to smaller complexes of 8-10 units that provide great locations and features without professional management. Unlike converted motels or duplexes, these condos are custom-designed, offering buyers a range of styles, price points, and ownership benefits.
HOA Fees
Generally speaking, the monthly HOA fee will be higher in a large condo complex than that of the other forms of condo ownership on Long Beach Island. These HOA fees will vary but usually they are allocated to insurance, general property maintenance, a reserve fund and in some cases professional management fees.
Rental Potential
These condos will usually be excellent rental in the LBI real estate market thanks to the impressive amenity list associated with the units. Things like boat slips and pools are not common in the LBI rental market so being able to offer such amenities can be highly attractive to potential tenants. It is important to check the rental guidelines as some ownership associations on LBI will prohibit or at least restrict rentals.
Mortgages and Financing
It is generally easy to obtain a mortgage on a condo in a large complex. The lender will take the monthly HOA fee into account when determining the loan amount so if a loan limit is close, a high HOA could be an issue for being approved for the loan in the LBI real estate market.
The Good News
In most cases, condominiums in the LBI NJ real estate market offer a well run association and a long amenity list making them excellent vacation homes or rental properties.
The Bad News
The monthly HOA fee can be expensive so be sure to budget accordingly.
There are many professional managed condo associations in the LBI NJ real estate market. The majority of these are located in Beach Haven and in Ship Bottom with a few located in Barnegat Light and Long Beach Township. Some condo complexes, like Sea Place Condominiums, were at one time motels that were converted to condos however they were expanded and renovated to look and feel more like a purpose built condo association.
A few examples of these condo complexes are:
Shelter Harbor
Renaissance
Harbor View
Bayview Condo Association
Sea Place Condominiums
Oceanus
Broadway at Barnegat Light
Ocean Club
Windjammer Condo Association
Pirate's Cove Condo Association
North Light Condos in Barnegat Light
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It is important to check the rental guidelines as some ownership associations on LBI will prohibit or at least restrict rentals. There are some complexes who will restrict stays to no shorter than 2 consecutive weeks and some other complexes who will not permit rentals at all!