"Jersey Shore" house in Seaside Heights
From the February issue: Zillow last month released a list of the Top 10 Most Viewed Homes on its site for 2011. Topping the list was the “Jersey Shore” house — a six-bedroom home in Seaside Heights that famously hosted the hard-partying cast of the popular MTV reality show. The 1209 Ocean Terrace home, which rents for $6,500 per night in the summer, beat out even the White House: 1600 Pennsylvania Avenue placed eighth on Zillow’s list. [more]
“Jersey Shore” cast members the Situation, left, and Snooki
From the August issue: Snooki and the Situation may be embarrassing longtime Jersey Shore homeowners and renters with their hit MTV show “Jersey Shore,” but real estate professionals say the program’s notoriously trashy antics haven’t taken the market down with it.
This month, The Real Deal talked to brokers and analysts who follow the Garden State’s beach towns, from Belmar to Long Beach Island, to find out how their season has been shaping up.
They told us that the market is stabilizing — even if a full bottoming might be as far off as 2013.
While sales volume is still running at two-thirds of its historic average in the so-called anti-Hamptons, it is up from last year’s all-time lows, one source said. The source also added that while there are bigger discounts to be had on the Jersey Shore than in New York or Philadelphia, “it’s still not Florida or Nevada, where they’re practically giving away homes.” [more]
… “A wet raccoon doesn’t have seven billion f*@!ing dollars in the bank,” said Donald Trump (see video above), who lambasted “Jersey Shore” star Mike “The Situation” Sorrentino for his own hairstyle-related woes at last night’s Donald Trump roast on Comedy Central. Of course, Sorrentino didn’t take the dig too hard — and he noted that Trump is “the real deal.” The roast comes on the heels of Trump’s recent hinting at a possible presidential bid in 2012.
More details have emerged about an East Setauket, N.Y. home rumored to be the new crash pad for “Jersey Shore” BFFs Snooki and JWoww on their potential spin-off show, according to Move Trends real estate blog. The three-bedroom, two-and-a-half-bathroom home on Long Island’s North Shore is currently on the market for $425,000 and includes a fireplace and tennis courts on its property. The property is being marketed by Fran Saer of Coach Real Estate Associates. [Move Trends] [more]
Snooki and JWOWW are rumored to be hunting for a location to film their Jersey Shore spin-off and have reportedly set their sights on a house in the town of East Setauket in Long Island. According to Gawker, it’s just a few blocks from the beach, but has “drab rooms, [a] shabby exterior, and boring backyard.” [Gawker]
[more]
Faith Hope Consolo
The oiled-down, slicked-up stars of MTV’s “Jersey Shore” aren’t the only ones cashing in on the fame of the Jersey beach’s eponymous reality show. The Situation is, the landlord for the gang’s iconic vacation home, at 1215 Ocean Terrace in Seaside Heights, says he’s raking in more than three times what he did before the show, with fans clamoring to bask in the glowing residue of self-tanner and new stardom. The 3,200-square-foot house is reportedly being rented out for $3,500 per night from now until May, when prices will jump to $6,500 a night. While the landlord said he cleaned the place from top to bottom after MTV wrapped filming, most of the décor remains. [more]
From the July issue: The cheaper alternative to summering in the Hamptons is becoming even more economical.
The credit crunch has slashed prices on the Jersey Shore, offering
buyers and renters — some of whom are deserting the Hamptons — the best
deals in years.
Significant price drops can be found up and down the northern and
central Jersey coast — not only in shore towns such as Asbury Park,
which saw a building blitz when the economy was peaking after a period
of struggle, but also in wealthy enclaves that until recently were
widely considered bulletproof. Though few properties are trading in desirable beach towns such as
Bay Head and Mantoloking — both known for their shingle-style homes
reminiscent of Nantucket — and Spring Lake, which boasts block after
block of Victorian-era mansions with wrap-around porches — brokers say
a smattering of deals illustrate that there are opportunities to be
had. [more]
Some renters have decided now is the time to buy because prices and
interest rates are down, but New York City real estate is still out of
reach, and the renters are instead shopping for second homes in the
country. Real estate agents throughout the Hudson Valley and in other
second-home markets, including the North Fork of Long Island and the
Jersey Shore, say that sales have picked up recently with potential
buyers from the city. One woman looking to buy an apartment in the city
found that she could only afford studios, so she decided to stay in her
Park Slope rental and instead buy a three-story home for less than
$300,000 upstate. Brokers estimate that prices in the Hudson Valley are
down about 10 to 15 percent from last year, and that most buyers are
looking in the $250,000 to $450,0000 range. [more]
