The Coaster
Friday, February 3, 2023
No Result
View All Result
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • About Us
  • Advertise
  • Contact Us
Subscribe / Renew
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
The Coaster
No Result
View All Result
Home Bradley Beach

$1 Million Homes Selling in Bradley Beach

by The Coaster Editorial Staff
July 17, 2019
in Bradley Beach
2
VIEWS
Share on FacebookShare via EmailShare on Twitter

By JOANNE L. PAPAIANNI

How much would you pay to live in Bradley Beach? $1 million? There are several houses for sale for more than that.

House prices in Bradley Beach are on the rise. Currently there are eight properties listed for over $1 million with the top price for a new construction at $1,899,000 at 200 Bradley Blvd.

A three bedroom, 3 bathroom Ocean Ave. house with a basement is listed at $1,570,000.

Housing prices have escalated throughout the Coastal Monmouth area recently

In addition to the million dollar homes, there are 11 for sale from the mid $750,000 range to $950,000.

In the past 12 months six houses in the borough have closed for prices ranging from $1,160,000 to $1,550,000.

There are also two houses valued at over $1 million that are under contract.

Mayor Gary Engelstad said it’s a major issue at the shore and said he would be meeting with area mayors to discuss the topic in early August.

“It’s actually one of the biggest issues in many shore towns. While the high selling prices are a nice affirmation of everything we’ve done to make Bradley a very desirable place to live, there are two sides to the coin.

“It’s great news if you’re ready to sell and downsize, but many Bradley Beach residents love their home, their neighbors, the proximity to everything and don’t want to move,” the mayor said.

He spoke about people on fixed incomes and young families who cannot afford to buy in the borough.

“Many of them are retired and on fixed incomes and are getting squeezed. High home prices also scare away younger families and impacts our school.  At the same time, a lot of people are buying up substandard properties and improving them substantially.

“We’re very blessed in that a lot of our second home owners are also involved in the town with regards to volunteerism and being advocates for improvement,” he said.

Engelstad also talked about the business community.

“Our dramatically improved Main Street is also a reflection of the real estate activity in that more and more entrepreneurs are choosing Bradley Beach to locate their restaurants and businesses. We understand that our beachfront is driving this surge and that’s why we work very hard to make it a pristine, welcoming and safe place,” he said.

Addressing taxes and the impact on the town budget the mayor said, “With regards to the municipal budget, we lowered the municipal tax rate to ensure that we weren’t collecting more money than we did in the previous year. The county, school and library taxes have gone up as they deal with their own individual revenue needs.”

As real estate prices climb there will most likely come a time when they will level off or even begin to decline as has happened in the past, but the gains made in recent years will certainly remain.

Related Posts

Asbury Hotel Employee Charged with $400,000 in Theft

Bradley Beach Police Blotter

January 25, 2023
Intrigue Continues Over Anonymous Requests

Shop Local Campaign to Boost Businesses in Bradley Beach

January 3, 2023
Intrigue Continues Over Anonymous Requests

Judge Orders Recount in Bradley Beach

December 6, 2022
Holiday Giving Drive Opens in Bradley Beach

Holiday Giving Drive Opens in Bradley Beach

November 2, 2022
Project Will Identify and Document  All Main Street in Bradley Beach

Project Will Identify and Document All Main Street in Bradley Beach

October 26, 2022
Intrigue Continues Over Anonymous Requests

Judge Rules Bradley Beach Violated Open Public Meetings Act

October 26, 2022

Trending This Week

neptune police car

Neptune Police Make Burglary, Robbery Arrest

February 1, 2023
Husband Indicted for Killing Wife, Leaving Body on Roadside in Ocean

Husband Indicted for Killing Wife, Leaving Body on Roadside in Ocean

January 31, 2023
Neptune City to Consider More Locations for Sale of Cannabis

Ocean Township Amends Cannabis Ordinance

February 1, 2023
Asbury Park’s New Athletic Director

City School Chief Urges ‘Respectful and Open Dialogue’

February 1, 2023

Advertise Online with The Coaster

Advertise on The Coaster to reach countless new customers for your local business.

START ADVERTISING TODAY

E-mail Newsletter

Sign up to get a free weekly newsletter to your inbox.

Subscribe

Contact Us

The Coaster
1011 Main St
Asbury Park, NJ 07712
Phone: 732-775-3010
FAX: 732-775-8345
editor@thecoaster.net

Email Newsletter »

All Articles

Search Our Site

No Result
View All Result

© 2023 The New Coaster, LLC. All rights reserved.

No Result
View All Result
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • About Us
  • Advertise
  • Contact Us
Subscribe / Renew

© 2023 The New Coaster, LLC. All rights reserved.