What Will $1 Million Buy You when it comes to Real Estate on the NJ Coast?
by Shawn Clayton
on Wednesday, March 19th, 2014 at 4:40pm.
In 1993 a Canadian band called the Barenaked Ladies had a hit north of the border with song called "If I had $1,000,000". So if you had a million dollars and could buy a home in an area along the Jersey Shores gold coast, what would you get for your hard-earned money?
Naturally real estate in some boroughs and towns is more expensive than others, but generally speaking, and looking at only single-family homes, here's what $1,000,000 will buy you: You'll usually get a minimum of three bedrooms, more often than not, a home will have four bedrooms and at least two baths.
Generally speaking, $1 million can get you a home that's often very close to the beach, sometimes even a block of two. In some communities, like Point Pleasant or Manasquan, for example, you can find homes on the water with private docks, be it an inlet, bayfront or riverfront. If you're looking further inland, you can certainly get a nice oversized lot (50x200) or a couple of acres. Some homes will boast a water view, although it might be a peek-a-boo view.
Your million dollars will get you custom built ins, upscale hardwood flooring, and high-end finishes like handcrafted moldings. You'll usually get a home boasting top-of-the-line appliances and you might get a gourmet kitchen. Some will include nice extras like heated flooring, a built-in wet bar and a pool. There's a home in Point Pleasant Beach that comes with an outdoor kitchen built into a very nice tiki bar that sits alongside a pool. In other homes, you might find a nicely done, comfortable media room that's fully wired for surround sound. You'll also usually find a fireplace - sometimes two - in a million-dollar home. Most homes in the million-dollar range will generally have very nice curb appeal thanks to well-maintained landscaping.
Or you could take the million and buy yourself a some nice beachfront property and have the ocean at your front door. That's just the property, mind you. No house. You'd have to build the home with your next million dollars.