The most expensive home in NJ’s richest town (PHOTOS)
How far does your money go in New Jersey, really?
Featured here is what may be the most expensive home for sale in New Jersey's richest municipality, Mantoloking, on Barnegat Bay Island in Ocean County, If you're of of the lucky few for whom money's no object, this home may be on your list.
A little about Mantoloking itself: As of the 2014 American Community Survey, the U.S. Census Bureau estimated the average per-capita income at just under $97,000, and the median family income at a little under $154,000. It's within the top 20 richest communities in the country. Mantoloking is a tiny community of just 296 people, according to the 2010 Census. The population is almost entirely white — 281 people in the 2010 count (there were 5 black people, 1 American Indian or Native Alaskan, 1 Asian person, 7 people listed as being of some other race, and 1 person identifying as of more than one race).
In Forbes' 2015 rankings of "America's Most Expensive ZIP Codes," Mantoloking was ranked 179th, with a median home purchase price of $1,618,997.
This home outdoes that by quite a bit. It's hard to say if it's absolutely the most expensive home offered at all in the borough, but it's the priciest we found searching several real estate sites.
According to its listing on Zillow.com, the home is steps from one of the only guarded beaches in the South end of town, and a short walk to the Mantoloking Yacht Club.
The 6,000-square-foot home was built in 1947, and features five bedrooms, and six and one-half bathrooms. There's a deck, a mixture of carpeting and hardwood floors, and zoned heating and cooling. It's on a 100-foot-wide lot, and features a 57-by-11-foot screened in porch that should be pleasant after a day at the beach. There are several living areas and a a game room. Don't forget the wet bar if you're entertaining, or the center island in the kitchen if you're preparing a dinner for all of those guests.
It last sold in 1997 for $960,000. The price has gone up a bit since then — with a listed price of $5.8 million.
If that sounds like a steal, it's time to start checking the couch cushions for a few million dollars' worth of loose change.