REAL ESTATE • Jersey Shore Report
With only 202 days until July 4, it’s time to start thinking about summer getaways. This month, FOUND is checking in on the rental markets in key localities (see last week’s Hamptons report). Next up: Long Beach Island, NJ.
After three years of pandemic-induced frenzy, the Jersey Shore summer rental market normalized in 2023: demand returned to earth, while inventory remained inflated. Local marketplace Vacation Rentals Jersey Shore told NJ.com that they’d added 500 new properties this year, almost a 25% jump.
Not all the new landlords are getting what they’d hoped for, but in Long Beach Island, the market effects of boom times remain apparent, at least in a scroll through the season’s listings — large, renovated or freshly constructed properties are asking Hamptons-level rental fees.
Nonetheless, the sunsets and beaches are still pristine, as are the pizzas at Black Eyed Susan’s. Here, three properties (two north end, one south) available for a mid-July stay:
→ 25 Buckingham Ave. (Harvey Cedars) • 5BR/3.5BA • Peak-season weekly rent: $17,500 • new construction, bay access with pool.
→ 81 Bayview Dr. (Loveladies) • 6BR/3.5BA • Peak-season weekly rent: $16,800 • open bay views plus pool.
→ 4901 South Long Beach Blvd. (Holgate) • 5BR/4.5BA • Peak-season weekly rent: $22,800 • new construction, oceanfront with pool on the second-floor deck.