Home Buying in Manasquan>Question Details

Pat Caputo, Both Buyer and Seller in Manasquan, NJ

Is Manasquan Inlet Beach block (Ocean/Inlet/Sunset views) comparable to Squan Oceanfront in cost or value?

Asked by Pat Caputo, Manasquan, NJ Sun Dec 28, 2008

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hard to say right now we were hit by H Sandy pretty hard; homes are still being evaluated for damages
0 votes Thank Flag Link Mon Nov 26, 2012
Status Total Avg Price Avg $ Per Sqft Median Low High Avg DOM
ACT 12 $1,649,167 $799.70 $1,474,500 $1,149,000 $2,599,000 223

Currently Beachfront, Riverside Drive, 1st Ave, Captains Ct and Long Ave are represented here with 12 active listings; the lowest price home $1,149,000 is located on the 357 Beachfront, 568 Riverside Drive $1,699,000 and the highest is located on 19 Captains Court $2,599,000. So location and condition still have something to do with price. It will be interesting to see what they will sell for; right now the average days on the market equals 223.

Elizabeth H Jones, GRI
--Information deemed reliable but not guaranteed--Copyright: 2012 by the Monmouth County Association of REALTORS®
1/23/2012 12:06:11 AM
0 votes Thank Flag Link Sun Jan 22, 2012
Historically, Mananasquans Beachfront has gotten the most money of any real estate in town. Long Avenue comes in second and the fish streets not far behind.
As you probably know, there are only a handful of single family residences on Riverside so there isn't much selling there historically. For the last few years, the most expensive to sell was #556 which sold for just over $1M. It was a small cottage/teardown. Currently there are active listings on Riverside for $1.2M and $1.9M . The house for $1.2 is another cottage while the other for $1.9 is new construction.
If the new construction that is for sale on Riverside was on the beachfront, it would cost more, but how much more? That's hard to say because the most expensive home to sell on the beachfront in the last few years sold for $2.1. Valuewise and for resale purposes, stick with the beachfront. More people want to wake up to the sound and site of the ocean than that of the inlet.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Sun Dec 28, 2008
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