Real Estate

Ventnor Considers Longer, Short-Term Rental Stays

Watch Ventnor Short-Term Rental Video. Short-term vacation rentals in Ventnor are: #1. A popular investment strategy. #2. Potential nightmare for neighbors. #3. Vibrant part of the Downbeach economy. #4. All of the above. Currently, there’s no minimum stay requirements when renting a Ventnor home. This can sometimes attract unruly occupants. Margate mandates a 1-week rental …

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Neighbors Finally Get to Hear & Discuss Ventnor Plaza Plans

It was a well-attended Jan 11, 2023 Ventnor Planning Board meeting about the Plaza Shopping Center. It highlighted the importance of having greater transparency in city govt. This public forum about Ventnor Plaza should have happened months ago. Quite informative. Eye opening. Lively. Sometimes testy and spirited. LISTEN to CLIPS from meeting > Resident: I …

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Exciting Ventnor Plaza Plan Overshadowed by Sloppy City Hall Communication

Virtually 100% of Ventnor is thrilled with plans proposed for a refreshed, Ventnor shopping plaza on Wellington Ave. On the flip side, virtually 100% of Ventnor not happy with poor communication skills of City Hall, made worse when major development projects are considered. Ventnor, like most Jersey Shore towns, do the legal minimum when it …

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Landgraf & Ventnor Planning Board Ignore Local Ordinance for Plaza Plan

We can assume Commissioner Lance Landgraf knows Planning and Zoning law in Ventnor. We can also assume Landgraf gets excellent advice from Planning Board Solicitor (Atty) Leo Manos. He’s the best. Manos does everything by the book. In regards to current Ventnor Plaza re-development plans, Landgraf can ignore recommendations from board solicitor Manos if he …

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Beach Block Ventnor Rental Summer 2023

Sweet. Get ready for Downbeach Summer 2023. Only a few months away. Really. Consider this Ventnor beach block beauty. Bright. Sunny. Big. 6 Bedrooms, 4.5 Bath. 104 S Avolyn. Ventnor, NJ. Short, 5-10 Minute Walk: Really nice. Great location. Generously-sized sunroom spans width of house with floor to ceiling windows. Second floor deck with an …

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Rich Gober’s Take on Ventnor Plaza Development

Northbeach resident Rich Gober is seriously concerned about proposed plans for Ventnor Plaza, the shopping center along Wellington Ave. Ventnor Commissioner / Planning Board member Lance Landgraf admits mistakes were made. Neighbors not properly notified. Some ask if a ‘re-notify’ is in order? Within 200 ft radius, only 11 of 33 neighbors were properly notified. …

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Downbeach Real Estate, Buyers Market Looking for Buyers.

It took some time, but we’re finally in a buyers market. Ventnor, Margate and Longport Real Estate. Watch latest Downbeach BIZ real estate webcast with Sherri Lilienfeld of EXP Realty. DEC 2022. Buy now. Less competition from other buyers. Mortgage interest rates have doubled over past 2 years, but Paul Zgalich of Guaranteed Rate suggests …

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Margate’s Bart Blatstein Enters Battle for Bader Field in Atlantic City

Real Estate developer Bart Blatstein is a not your typical Philly guy with a summer home in Margate. Blatstein runs a privately held development company called Tower Investments Inc, well known for acquiring high-potential yet distressed Real Estate. (Often under challenging circumstances) The Pier at Caesars, Garden Pier in front of Ocean Casino and Showboat …

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Downbeach Homeowners Face Higher Insurance Costs and Elevations

New Jersey just passed a law that requires rental property owners to file a copy of their liability insurance. You must prove that you have hazard insurance. Fines for non-compliance can be up to $1,000. At the recent Margate Commissioners meeting they discussed who’s going to enforce that law? The state or the municipality? Listen …

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Longport Post Office Property For Sale

Since the 1930’s, this US Post Office operated at 4 S. 27th Ave in Longport. Alas, time marches on. High-Demand For Residential Real Estate Along South Jersey Shore. The Longport Post Office lease is up July of 2023. Owners of the property are selling this super-premium parcel in Longport. Asking price is $2,650,000. According to …

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Margate 3rd Floor Decks, Rental Insurance Mandates, Higher Homes

Time to finally modify Margate City ordinance. For past 3 years, Margate consistently approved variance applications for 3rd floor decks which are currently not permitted. 3rd floor decks: Not in back yards, only in front. Certain design criteria must be met. Must face street. No side or rear yard decks. Must be substantially smaller than …

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New NJ State Law Regarding Rental Properties & Businesses

A new, NJ state law was passed in August that requires all businesses and residential rental properties to provide proof of insurance to the municipality where they are located. The law goes into effect November 3, 2022. AN ACT requiring liability insurance for business owners and rental unit owners and supplementing Title 40A of the …

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Margate Flood & Public Employee Health Insurance Costs to Skyrocket

Margate CFO Lisa McLaughlin: Employee health insurance rates… get ready for a substantial increase of over 20%. Why the price hike? According to McLaughlin, it’s all due to mounting health insurance claims that Margate employees are submitting. The majority of (health insurance) carriers have declined to quote on us because of our loss ratio. Margate …

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