These were New Jersey’s top luxury home sales in 2023

The Garden State had nearly 30 home sales worth $5M or more last year

New Jersey’s top residential home sales of 2023

(Photo Illustration by The Real Deal with Getty)

There were nearly 30 residential home sales worth $5 million or more in New Jersey last year. 

The Real Deal scoured the records of the state’s major counties to compile a list of New Jersey’s biggest home sales for 2023. Of the 57,000 home sales collected, 28 were for $5 million or more.

Sea Girt Borough in Monmouth County had the most, with five $5 million-plus deals. 

But you have to go a few miles up the Jersey Shore to find the priciest home sale of the year.

The tiny seaside enclave of Allenhurst Borough just north of Asbury Park took that prize at the start of 2023 with the $12.75 million sale of 1 Cedar Avenue, an eight-bedroom, five-and-a-half-bathroom home right on the beach.

Farther north, in the Bergen County borough of Alpine, a six-bedroom home at 8 The Esplanade took second place with an $11.4 million sale. 

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The third-priciest sale takes us further inland to 349 Crestmont Road in Essex County’s Cedar Grove Township, which went for $9.5 million. 

A seven-bedroom, 12-bathroom mansion at 7 Hemlock Drive in Alpine sold for nearly $8.2 million to take fourth place, edging out a similarly sized house at 65 South Boulevard in Monmouth County’s Spring Lake Borough that sold for an even $8 million, rounding out the top five.

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Though Sea Girt had the most $5 million-plus home sales, the towns of Alpine and Spring Lake also made a decent showing, with three such deals each.

For the full dataset underlying the rankings as well as key contact information, check out TRD Data, The Real Deal’s new data subscription platform.