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.

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
20 Melrose Terrace #506 Monthly Cost
20 Melrose Terrace #506 Market Data
Based on the last 30 days in this zip code
20 Melrose Terrace #506 History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: Monmouth Ocean Regional MLS | Active |
|
| 6/18/2026Source: Monmouth Ocean Regional MLS | June 18, 2026 |
