Asbury Ocean Club Was Top Selling Jersey Shore Condo In 2020

ASBURY PARK, NJ – iStar, a full-service real estate investment, finance, and development company, announced that Asbury Ocean Club, its ocean-front residential building in Asbury Park is celebrating a record year in sales volume and a strong start to 2021.

With over $50 million in sales over the last seven months of 2020 and seven contracts already out for 2021, the team anticipates that this year will be a very busy one at Asbury Ocean Club.

Last year, the building saw a significant increase in interest in large residences selling out of two of their three-bedroom designs and signing contracts on four penthouses, with

two closing at record-breaking prices above $5 million.

“Asbury Ocean Club offers unparalleled luxury, hospitality-style residential experience and we’re thrilled to have seen such an overwhelming response from buyers, especially in the current market,” said Brian Cheripka, Senior Vice President, Land & Development of iStar. “Designed by a team of world-class designers with the entire beach as your front yard, and offering luxury living year-round, buyers are recognizing the value of this lifestyle and purchasing a home at Asbury Ocean Club.”

With over 50 percent of Asbury Ocean Club’s duplex penthouses already sold, just two duplex
penthouses with its breathtaking views and rooftop terrace featuring outdoor sundeck, shower, built-in kitchen and year-round sunroom remain.

Uniquely positioned to offer lasting value to its residents, each home at Asbury Ocean Club is designed with spacious, open floor plans, incredible ocean views, private outdoor space, and 24-hour access to hospitality amenities that all together create a one-of-a-kind offering for its buyers.

The continued sales momentum at Asbury Ocean Club can be attributed to a number of factors but one of the most important is the year-round value offered to buyers at Asbury Ocean Club – residents can enjoy the luxurious seaside living 365 days a year.

“As prospects thought about how to plan an escape over the past 12 months, our buyers were

looking for something accessible by car. Whether it was a lifestyle change or a temporary fulltime relocation, Asbury Ocean Club became an obvious solution,” said Jodi Stasse, senior managing Director of Sales for Corcoran Sunshine Marketing Group, the exclusive sales and
marketing firm for the project.

Asbury Ocean Club features one-, two-, three-bedroom residences and expansive duplex penthouses with private roof decks and ocean-view terraces. Pricing at Asbury Ocean Club starts at $897,000. The sales gallery and onsite model residences are located at 1101 Ocean Avenue, Asbury Park.

For additional information or to schedule a private appointment with a member of the sales team, please visit www.residences.asburyoceanclub.com, or call 732-819-5029.