Here's a recent aerial view of Ship Bottom on Long Beach Island. Supreme Court Justice Samuel Alito has enjoyed the popular Jersey Shore vacation spot, but his neighbors say he has flown a flag popular with Jan. 6 insurrectionists from a flagpole on his bayfront property.
At that time, real estate taxes were $6,954. In 2022, the last year for which we have tax information, the taxes were $10,285. The justice is likely to see a steady climb in his equity, because the LBI market has remained strong since the pandemic, and if mortgage interest rates fall later this year, the market might be juiced even more.But even if rates remain where they are, the luxury beach house market in New Jersey usually chugs along, immune from economic vagaries — especially on Long Beach Island, which contains some of the most desirable beachfront and bayfront properties on the East Coast.
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