20 Melrose Terrace #506Long Branch, NJ 07740

Condo · 2 Beds · 2 Full Baths · 1 Half Bath · 1,541 Sq. ft. | 0.31 Acres
$2,800,000 Active

20 Melrose Terrace #506 Overview

Time on Site:
11 days
Visits:
1

Experience elevated coastal living in one of the premier oceanfront residences at The Lofts at Pier Village. Perfectly positioned to capture breathtaking, unobstructed views of the Atlantic Ocean, this exceptional 2-bedroom, 2.5-bath home offers unparalleled indoor-outdoor lifestyle highlighted by an extraordinary 547-square-foot private balcony - one of the largest balconies in the entire community. Overlooking the ocean, this remarkable outdoor living space serves as a true extension of the home and provides the perfect setting for entertaining, dining al fresco, or simply enjoying the sights and sounds of the shoreline. Inside, no detail has been overlooked. Thoughtfully customized and meticulously upgraded, this residence lives more like a luxury home than a condominium The designer kitchen is a showpiece featuring premium Miele appliances, stunning quartzite waterfall-edge countertops, and a custom-built pantry providing exceptional storage and functionality. The spacious living area is enhanced by a bespoke built-in entertainment center and bar complete with integrated lighting, abundant storage, and dual Marvel refrigerators for wine and beverages. Throughout the home, recessed LED lighting creates a warm and sophisticated ambiance, while decorative shiplap accents and architectural molding add timeless character and elegance. Fully customized closet systems offer exceptional organization with built-in shelving, drawers, and storage solutions. Hunter Douglas PowerView motorized blinds provide effortless convenience and privacy at the touch of a button. The crown jewel of this residence remains the expansive 547-square-foot oceanfront balcony, a rare and highly coveted feature that offers panoramic water views and an unmatched connection to the beach and ocean beyond. Adding even greater value is the property's long-term tax abatement, with approximately 24 years remaining. Property taxes for 2025 were just $7,422, offering significant savings compared to many comparable luxury oceanfront residences. Residents of The Lofts at Pier Village enjoy an unmatched amenity package designed to complement the resort-style beachfront lifestyle. Amenities include a stunning outdoor pool with towel service, walking paths, bocce courts, a beautifully appointed community room, state-of-the-art fitness center, outdoor kitchen and bar area with grilling stations and fire pits, game room, movie theater, and a dedicated children's playroom. Combining luxury finishes, exceptional outdoor living, valuable tax benefits, and world-class amenities, this is a rare opportunity to own one of the most desirable oceanfront residences in Pier Village. Enjoy direct beach access and a vibrant coastal lifestyle just steps from acclaimed restaurants, boutique shopping, entertainment, transportation to NYC (ferry & train) and of course the Atlantic Ocean in your backyard.

Listing provided courtesy of Douglas Elliman of NJ LLC- MLS# 22618491MLS Provider
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20 Melrose Terrace #506 Facts & Features

  • Type Condo
  • Sq. ft. 1,541
  • Price/Sq.ft. $1,817
  • Lot 0.31 Acres

Details

General

Association/HOA

  • Association Amenities: Management, Controlled Access, Association, Exercise Room, Community Room, Common Access, Swimming, Pool, Common Area, Jogging Path, Landscaping, Bocci
  • Association Fee: $1,483.93
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Trash, Common Area, Exterior Maint, Fire/Liab, Lawn Maintenance, Mgmt Fees, Pool, Snow Removal, Water, Gas
  • Association: Yes

School Information

  • Middle Or Junior School: Long Branch

Building Information

  • Year Built: 2020

Location/Region

  • County Or Parish: Monmouth
  • MLS Area Major: None
  • MLS Area Minor: Long Branch (LON)
  • Subdivision Name: Lofts@Pier Village

Tax Information

  • Tax Annual Amount: $7,422.03
  • Tax Assessed Value: $0.00
  • Tax Year: 2025

General Information

  • Exclusions: Living Room chandelier. Personal property
  • Inclusions: Outdoor Lighting, Washer, Wall Oven, Blinds/Shades, Counter Top Range, Dishwasher, Dryer, Light Fixtures, Microwave, Stove Hood, Refrigerator, Freezer, Garbage Disposal, Gas Cooking
  • Parcel Number: 27-00222-0000-00001-01-C0229
  • Pets Allowed: Dogs OK, Cats OK
  • Property Sub Type: Condominium
  • Property Type: Residential

Interior

Parking Information

  • Garage Spaces: 1.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 2

Building Interior

  • Building Area Total: 1541.0

General Information

  • Basement: None
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Wood
  • Interior Features: Built-in Features, Dec Molding, Elevator, Eat-in Kitchen, Recessed Lighting
  • Living Area: 1541.0
  • Rooms Total: 10
  • Security Features: Security Guard
  • Stories: 1

Unit Information

  • Unit Number: 506

Exterior

Parking Information

  • Parking Features: Underground

Lot Information

  • Lot Features: Ocean Block, Beachfront, Oceanfront
  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Size Square Feet: 13503.6
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • Waterfront Features: Beach Front, Ocean Front, Oceanview
  • Waterfront: Yes

Building Exterior/Construction

  • Architectural Style: High Rise
  • Attached Garage: Yes
  • Roof: Flat

General Information

  • Exterior Features: Balcony, Swimming, Lighting
  • Pool Features: Concrete, In Ground
  • Sewer: Public Sewer

Room Information

Room: Bathroom

  • Level: Fifth

Room: Bathroom

  • Level: Fifth

Room: Bedroom

  • Level: Fifth

Room: Foyer

  • Level: Fifth

Room: Kitchen

  • Level: Fifth

Room: Laundry

  • Level: Fifth

Room: Living Room

  • Level: Fifth

Room: Other

  • Level: Fifth

Room: Primary Bathroom

  • Level: Fifth

Room: Primary Bedroom

  • Level: Fifth

20 Melrose Terrace #506 Neighborhood

Community

07740 (Long Branch) Demographics

37
Median Age
4,742
Population Density (per sq. mile)
34%
College Educated
$62,224
Estimated Median Income
4,942
Estimated Total Home Owners
7,211
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

20 Melrose Terrace #506 Monthly Cost

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$ %
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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

20 Melrose Terrace #506 Market Data

Based on the last 30 days in this zip code

$2,656,560
Average List Price
$3,071
Average Price per Square Foot
2
Properties Sold
248
Average Days on Market
23
Properties for Sale
Calculations provided by Reliance Network

20 Melrose Terrace #506 History

Date Event Value Agent
6/25/2026Source: Monmouth Ocean Regional MLS Status Change
Active
6/18/2026Source: Monmouth Ocean Regional MLS Added to Database
June 18, 2026