Real Estate

Downbeach Development, Real Estate Webcast, Feb 2, 2022.

Watch the DownbeachBUZZ Real Estate webcast from Feb. 2, 2022. Wow. New development at Sapore. Indoor / outdoor dining and entertainment destination called ‘Ocean Draft’. Ventnor Business. Mr. Gordo’s Mexican eatery taking place of former Domenico’s in Ventnor. Bye Bye Sunny Sunoco. Margate losing much needed gas station making way for 4 new homes. PNC …

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Ventnor Development; Get Ready for Summer 2022

Ventnor taking advantage of Real Estate related tax revenue and borrowing power to bolster and upgrade mature infrastructure. Construction of new lifeguard headquarters underway. Ready by Memorial day? Not likely. Delays expected. Contingency plans already in place though. Sapore on Ventnor Ave will soon take advantage of the large, open space next to their popular …

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How to Protect Downbeach Vacation Properties in the Off-Season

While some of us live at the Jersey Shore year-round, many houses in Ventnor, Margate and Longport are actually second homes or vacation properties. Most stay vacant for weeks or even months, especially during the winter. To avoid potentially costly repairs, use this safety checklist before you leave your home for any extended period of …

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Margate New Home Construction Up Almost 25% Year Over Year

Margate new home construction up approx 25%, year over year. that’s according to Margate’s zoning and construction officers. Home upgrades are also on a tear throughout the entire Downbeach area. How hot is the Margate housing market? 2021 Demolition Permits: 71 (up from 60 permits in 2020) 2021 New Construction Permits: 89 Listen to Margate …

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Ventnor AirBnB short term rentals

Atlantic City Short-Term Rental Growth Harming Lower Chelsea?

Atlantic City’s Lower Chelsea is the classic, ocean side neighborhood right next to Ventnor. Large homes and walking distance to the beach and boardwalk. Lately, Lower Chelsea has become quite popular with investors. Real Estate entrepreneurs are converting spacious homes into short-term rental operations. Carol Ruffo, president of Chelsea Neighborhood Assn says short-term rental properties …

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Ventnor Next? Hansen Sober Living Expands in Lower Chelsea Atlantic City

Ventnor keeping a close eye on how Hansen Sober Living is expanding in the usually quiet, Lower Chelsea neighborhood of Atlantic City.   Atlantic City and Ventnor homeowners watching in disbelief. Hansen Sober Living not required to follow local Atlantic City zoning and land-use laws. Similar things likely happening in Ventnor as well.  Paul Richards of …

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EHT Keeps Seaview Harbor Tax Revenue Away From Longport

A New Jersey appeals court disappointed Seaview Harbor residents this week. The 98 home community between Longport & Somers Point wanted to break away from Egg Harbor Twp, and join Longport instead. Waterfront Seaview Harbor wanted the sizable savings of leaving higher-taxed Egg Harbor Twp, and joining much lowered-taxed, Longport. Longport has lower taxes, in …

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16 Damaged Margate Homes, Will Ventnor Sign Dredge Spoils Deal?

Margate Commissioners met on December 16 to discuss, among other things, Amherst Ave litigation and dredge spoils. Solicitor John Scott Abbott says another meeting planned for Dec 22 between Margate and Ventnor should ‘resolve it’. It’s all about the money. Ventnor facing sizable fees for variety of expenses related to Margate’s project? Margate Solicitor Abbott; …

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Downbeach Real Estate Webcast, Market at Peak?

Watch Downbeach Real Estate webcast with Sherri Lilienfeld of Apex Prime Realty. Excellent time to sell in Ventnor, Margate and Longport. Make sure to have good comps for optimal pricing of your home. Is the Downbeach market softening? Market indicators provide some clues. Avoid winter-only rentals if you plan on selling. High demand for summer …

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Risky Downbeach Digging, Water Drainage, Property Damage, Lawsuits.

The downside of rapid, Real Estate development in Margate and Ventnor. Drainage problems. Housing density. Dig too deep or misjudge the water table when replacing sewer pipes or installing a pool… and watch your Downbeach neighbors seethe with anger. In Margate, at least 6 residential properties have been damaged by a pipe & drainage upgrade …

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FOR SALE, 7901 Winchester Road in Margate

7901 Winchester Rd, Margate. 6 Bedrooms, 5.5 Baths. 5,500 sq ft $1,999,000. Contact Sherri Lilienfeld 609-487-9996https://vimeo.com/641098513 Learn More ONE-OF-A-KIND custom, Margate home. Beautiful, expansive, move-in ready. Oversized 50′ x 119′ lot. 5,500 sq ft of living space. A short 2.5 blocks to the beach. 6+ bedrooms (including 2 en-suites), and 5 and a half bathrooms. Master …

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Extra-Slow Lamberti’s Rebuild on Amherst Ave in Margate.

Here’s some new pictures of the Lamberti’s Restaurant construction project on Amherst Ave in Margate. A neighbor shared these pics with DownbeachBUZZ. Amherst Ave residents that live directly across from the unsightly construction site have witnessed very little build activity. Recently, a team was seen on site cleaning up the growing mess. Trash was removed …

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Downbeach Home Inspections; What Must The Seller Repair?

Accepting an offer to sell your Downbeach home is relatively easy these days. It’s currently a seller’s market in Ventnor, Margate and Longport. But don’t pop that champagne cork quite yet. You will likely get a visit from the buyer’s home inspector, even if the property is marketed ‘as-is’. What repairs are sellers responsible for …

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