Point Pleasant Beach is a borough located in Ocean County, New Jersey, United States. It is situated on the Barnegat Peninsula and is known for its beautiful beaches, boardwalk, and amusement park. The borough has a rich history and a thriving real estate market.
History:
Point Pleasant Beach was incorporated as a borough in 1886 and was originally part of Shrewsbury Township. The area was first settled in the late 17th century by European immigrants, and it was primarily a fishing and farming community. In the early 20th century, Point Pleasant Beach became a popular destination for tourists and vacationers, and it quickly developed into a resort town. The boardwalk was built in 1915 and became a major attraction, and the Jenkinson's amusement park was established in the 1920s.
Real Estate:
Point Pleasant Beach is known for its beautiful homes, many of which are situated along the oceanfront. The median home value in Point Pleasant Beach is around $700,000, but prices can vary greatly depending on the location, size, and condition of the property. The borough has a mix of older homes and new construction, and there are many options for buyers looking for a primary residence, vacation home, or investment property.
The real estate market in Point Pleasant Beach is generally strong, with homes selling quickly and prices continuing to rise. However, the COVID-19 pandemic has had an impact on the market, with some buyers opting to wait and see how the situation develops before making a purchase. Overall, Point Pleasant Beach remains a popular destination for those looking for a beachfront lifestyle, and its real estate market is likely to remain strong in the years to come.