PROPERTY TYPES IN LONG BEACH ISLAND, NJ
Single Family Homes on LBI
LBI Real Estate Single Family Homes on Long Beach Island
Search single family homes on Long Beach Island New Jersey, and read how I can help you find a house in the Long Beach Island real estate market. You can learn about the current market trends for single family homes, gain insight on the rental potential of single family homes in the LBI real estate market and even learn about buying and building a spec home as a profitable investment.
Single Family Homes on Long Beach Island NJ are the most common transaction in the LBI NJ real estate market. Single family homes come in a variety of sizes, shapes and styles. Some are traditional beach bungalows on small lots while others are large contemporary homes with elevators, roof top decks and top of the line amenities. Single family homes come in many different price ranges dictated mainly by location and secondly by the condition of the property.
EVOLUTION OF SINGLE FAMILY HOMES ON LONG BEACH ISLAND
LBI New Jersey Real Estate
The first wave of single family home development took place in the late 1890's through the 1920's. Many of these now historic homes are found in Beach Haven and are subject to approval before demolition or exterior renovation is permitted. These homes will sell in the low $800,000 to over $3,000,000 on the oceanside and about $500,000-$1,000,000 on the bayside. During the early stages of development in the Long Beach Island real estate market, vacationers built large Victorian style beach houses, many of which can still be seen in Beach Haven's historic district to this day. Many of these homes have since been converted into Bed & Breakfast properties and are popular vacation destinations on LBI NJ.
During the 1950's and 1960's Long Beach Island New Jersey saw major tracts of land developed by the Shapiro family among others. The house most common during this phase of development was the Cape Cod and many of these properties still line the streets today. They have proven to be excellent beach houses over the years and are still popular among buyers in the LBI real estate market. Despite their smaller size when compared to most new construction, these traditional beach houses still make wonderful beach homes. Many Cape Cods weathered Hurricane Sandy with little or no damaged depending on their location. Even with the new laws regarding flood insurance on Long Beach Island, many of these Cape Cods still offer competitive rates.
Today, the raised contemporary is most common among Single Family Homes on Long Beach Island NJ. These properties are built on pilings, typically with garage parking under the house and a "reversed living" floor plan with the kitchen and living areas on the top floor to take advantage of views. These homes are built to the current specifications of building codes so they withstood Hurricane Sandy very well.
SINGLE FAMILY HOMES IN THE LBI REAL ESTATE MARKET
Since single family homes are the most common form of real estate on LBI NJ, it is reasonable that Single Family Homes on Long Beach Island NJ are the most active area of the LBI real estate market. Single family homes will often sell from the low $300,000 price range up to several million dollars!
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Single-Family homes are one of the most active and popular forms of ownership on LBI.
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Single-family homes typically require a minimum down payment of 20%
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Single-Family home prices range from the low $300,000-$15,000,000!
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Be sure to read the fine print of listings as some agents will enter a condo or co-op into the MLS as a single-family home when it is really not. If you have a question about the status of a listing, please do not hesitate to contact me.
Generally, single family homes offer the best investment in the LBI real estate market as they are excellent rental properties, are easy resales in the future, and show a long term price increase. Since Hurricane Sandy, there have been a number of storm damaged single family homes in the LBI real estate market and some of these properties can be excellent investment opportunities. While they are mostly sold at land value, some of these homes can be renovated or raised for much less than an undamaged single family home would cost in the Long Beach Island real estate market.
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When searching for single family homes in the LBI real estate market make sure the house you are viewing is actually a single family home! While this may seem obvious, some agents will list condos or interval ownership as single family homes. If something seems to good to be true, make sure it is a real single family home!