Few towns along the Jersey Shore have enjoyed a more visible beachfront revival over the past few years than Asbury Park, the vibrant summer enclave about 60 miles south of New York City.
After decades of neglect, the working-class town that helped launch Bruce Springsteen’s career has been transformed from a gritty backwater in the shadow of more popular locations along the shore to a hip beach destination sporting surf, sand and more palatable real estate prices than its affluent neighbors. It’s been a popular retreat since the 19th century.
But as the town’s profile continues to rise, attracting throngs of sunbathers from New York, New Jersey and elsewhere, so too do its home prices.
After initially struggling to attract high-end development, Asbury Park is now awash in upscale projects ranging from soaring luxury condos along the beach to smaller single and multifamily projects dotting its gentrifying downtown. Two new posh hotels regularly attract jet-setting weekenders, while a cluster of thriving eateries and arts outposts are turning the seafront town into a bustling port for foodies and culture vultures.
“I like to joke that it took 30 years for Asbury Park to be an overnight success,” says Neal Sroka, a Douglas Elliman broker. “But now Asbury is ready for more upmarket product.”