Building a new home in Long Beach Island can be one of the best real estate investments you will ever make in your lifetime. Consisting of 18 miles of beautiful white sand beaches, LBI has become one of the most coveted areas to live in all of New Jersey. Up until the 1960s, LBI had a reputation of being an offbeat destination for the working class. At the time, the properties on LBI were mostly bungalow style houses and Cape Cods. For the last 50 years as the need for vacation homes has grown tremendously, the face of LBI has changed completely. LBI has become an upscale location with more and more outdated properties being replaced by larger, modern homes. The amenities have changed as well in LBI. In years past, a significant number of new businesses have opened their doors—including day spas, five-star seafood restaurants, boutiques, and wine bars.
Question: What does year-round living on LBI look like?
Pat’s Answer: As varied as the seasons are. During the summer we swell to 150,000 in population with the influx of our summer vacationers and the Island is in full swing. We quiet down in the Fall although this is really a beautiful time to be on LBI. The water is still warm which in return keeps our weather a few degrees warmer than the adjacent mainland. Crisp fall weather is perfect for long walks on the beach. The reverse is true in late Spring and LBI is a bit chiller in the later months of winter and early Spring. This is a time when many Islanders head further south for warmer climates. We are seeing a very strong weekend population as many families use their beach house in the off season, especially on long Holiday weekends.
Question: Would LBI be a good relocation option for retirees?
Pat’s Answer: LBI does not offer any ‘retirement developments’ so we don’t see many retires seek us out that don’t already have a strong connection to LBI. Our retirees are mostly those that already own an LBI home and decide to sell the home ‘up north’ and consolidate into the shore home. It is a dream many have to be permanent LBI residents once they stop working.
Question: What are the hidden gems on LBI?
Pat’s Answer: Art galleries are becoming more prevalent and offering every kind of original art work imaginable. There are some off the beaten path beaches, such as the southern tip of LBI with incredible views of the Atlantic City skyline. This is a perfect Fall walk and in early winter you may get a glimpse of the snowy owls that winter on LBI in this area. On the northern end, out in High Bar Harbor is a beautiful ‘spit’ of beach with views of the inlet and Old Barney Lighthouse. It is usually a quiet and serene spot as many do not know it exists.
Question: What’s trending right now in LBI real estate?
Pat’s Answer: Hot topics are the new occupancy tax that was passed on short term rentals that became effective in October of 2018. It took everyone by surprise and will cost the renter an extra 11.625% in taxes due to the State of NJ that rental homeowners need to forward and file on a monthly basis with the State. At this time, real estate companies are not required to charge those taxes. On a more local basis we see a lot of action in the new home market, especially in the more upscale homes that are being built with elevators, outdoor entertainment areas and very upscale beachy décor/amenities.
Question: How do you help a buyer find the right town on LBI that will best suit their lifestyle?
Pat’s Answer: LBI is comprised of six different municipalities. Long Beach Township is the largest, but it is not contiguous. It is probably easier to break the Island into 3 main sections. South, Middle and North. Many buyers come to us with their preferences already decided from years of renting on LBI. They have experienced LBI and know the ‘area’ that they wish to own a beach house. For those newer to the Island we try to get a feel for what the family looks forward to doing while vacationing on LBI. If the home is for personal use or for investment purposes and most importantly what is their budget. If they are looking for a quieter area and have a higher budget, then the North End may work; want to be near stores, restaurants and entertainment, then the South End might be a better choice - or want to be able to get on and off the Island quickly and are looking for an entry level beach house, then Central LBI would be a good area to investigate. This has become a very emotional purchase for many since LBI is becoming more a family gathering spot and a spot where you just leave the cares of the real world at home and concentrate on making wonderful family beach memories.
Moving to Long Beach Island may be the perfect opportunity for those who are looking for a place to go and unwind. Beaches are quiet and pristine, but nearby shopping plazas, chic boutiques, and even nearby Atlantic City helps you stay busy. By building a new custom home, you have the best of both worlds: preferred location and the square footage you desire. Whether you want a new summer home or a year-round permanent residence, LBI offers just the right fit.