THE ULTIMATE LBI BUYER’S GUIDE
Everything You Need to Know About Buying a Home on Long Beach Island
Oceanblock Homes on LBI
Oceanblock homes in the LBI real estate market offer easy access to the beach and generally have a good view of the ocean while costing significantly less than their oceanfront counterparts. To be considered a true Oceanblock home, no streets should cross between the house and the beach access. For this reason, some parts of LBI, like Brant Beach, lack Oceanblock homes, but their oceanside homes are still very near to the beach. The distance to the beach and the lot size are the most significant impactors of value for an oceanblock home on Long Beach Island. The closer to the beach, the better the view will usually be, and a better view can be worth hundreds of thousands of dollars in the LBI real estate market!
Oceanblock Home Sale Trends in the LBI NJ Real Estate Market
Generally speaking, the ocean block real estate market on Long Beach Island is competitive. The average price of a single-family home on the oceanblock has jumped considerably over the last several years. The recent price appreciation is primarily attributed to the growing trend of selling new construction homes in this location. New construction on Long Beach Island comprises a large percentage of the market, either in the form of a spec home built to bring to market, or for a buyer looking to build a new home for themselves. Overall, the Long Beach Island real estate market has been showing steady and robust growth, with the ocean block component of the Long Beach Island real estate market being no exception.
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Where Are Oceanblock Homes on Long Beach Island?
Oceanblock homes are located near the ocean with no streets to cross. Generally speaking, if there is a road to cross, such as Atlantic Ave shown in the image, the property is considered oceanside. In most areas of LBI, there are only 2-10 oceanblock homes on any given street. The limited supply of oceanblock homes, coupled with their convenience, helps make them a valuable area of the LBI real estate market.
When looking to buy a home on the oceanblock, it is not uncommon to see some oceanside homes listed as oceanblock homes, especially in areas like Brant Beach, where there are technically very few true oceanblock homes. While the distance to the beach may be shorter than some "true" oceanblock homes, by technical definition, they are not oceanblock homes. That said, these homes can have tremendous value and offer tremendous opportunity for a buyer in the LBI real estate market and should be considered in any ocean block home search on Long Beach Island.