Ocean City, NJ, got quite a bit of attention when it was recently ranked No. 1 on the list of The Most Popular Towns to Buy a Vacation Home. That ranking was determined by the online real-estate listings service Trulia, which based its results on the number of searches users made on its site for the months of March 2013 and April 2012. North Wildwood came in at No. 2, but Ocean City real estate had higher median home prices at $525,000.
Such popularity had tongues wagging about a possible home shortage and even a rental shortage. We were there this weekend and saw plenty of signs advertising rentals near the beach, and there are absolutely homes available–depending, of course, how much you’d like to spend.
Let’s break it down by price range.
Here’s a spectacular home right on the beach with five bedrooms, five and a half baths and all incredible rental potential in case the asking price, which is $1.795 million, seems less than a bargain. 2213 Wesley Avenue, Ocean City, NJ.
Here’s a condo that’s on Battersea Road, which is a great name with endless British cultural connotations, from music to literature. It has four bedrooms, one and a half baths, and garage parking for three or more cars. It’s been used as a rental over the years. The asking price is $535,000. 508 Battersea Road First Floor Ocean City, New Jersey
This is a very nice deal for the price considering it’s only two blocks to the beach, has a gorgeous view in the back, and comes fully furnished. The three-bedroom, two-bathroom home is used as a rental property and is already partly booked for this summer. Asking price is $424,900. 5754 West Ave, Ocean City, NJ
There are many, many properties in Ocean City that cost less than the ones mentioned here, and most of them come with numerous caveats. The biggest of these, of course, is that low asking prices generally indicates significant damage from Hurricane Sandy, and the lower the price, the more damage there is.
• The Most Popular Towns to Buy a Vacation Home [24/7 Wall St.]