New Jersey Oceanfront Home Draws Record Price, Says Diane Turton, Realtors

Posted by Bob Rinklin — April 28, 2008

BAY HEAD, N.J. – (April 29, 2008) – A private and prestigious oceanfront home in Mantoloking, N.J. was recently sold for $7,400,000. This is the highest amount ever paid for a residence in Bay Head and Mantoloking, according to Diane Turton, Realtors.Oceanview is a prestigious home in Mantoloking, N.J. that recently sold for $7.4 million by Diane Turton, Realtors.The record breaking price is over seven times more than the average selling price for homes in both waterfront communities. During the first three months of 2008, the average sale price for a single family residence in Bay Head and Mantoloking was $1,007,250.00, based on figures from the residential real estate firm. In 2007, the average sale price for houses in those two, exclusive boroughs was $1,516,453.“The Multiple Listing Service data shows that this is the highest sale price for a home in either community since 1996,” said sales associates Suzanne Van Schoick and Edwin O’Malley, who closed the sale for Diane Turton, Realtors’ Bay Head office. “This is probably the most anyone has paid for a residential property in Mantoloking since the borough was incorporated back in 1911.”Called Oceanview, the 4,800 square foot home features sweeping views of the sand, sea and sky. Standing on a large lot, which is 140 feet wide by 470 feet deep, this classic beach house has 10 bedrooms and 5.5 baths. The master bedroom features a private, oceanfront balcony that overlooks the dunes and Atlantic Ocean.“This is a superb seaside retreat for any family that loves to spend its summers by the ocean,” said Diane Turton, who is the broker of record for Diane Turton, Realtors. “This historic sale shows that there are incredible opportunities in today’s luxury housing market, especially in Monmouth and Ocean counties.”Mrs. Van Schoick and Mr. O’Malley are recognized leaders in the real estate business. For many years, they have been serving home sellers and buyers in Bay Head, Mantoloking and nearby communities. In 2006, Suzie and Ed earned the “Top Producers” Award by closing over $24 million in home sales. For 2007, Suzie & Ed were named “Top Salesperson” and “Top Listing Agent” in the Bay Head office.“Suzie and Ed are simply the best of the best in every category from customer service to integrity and professionalism,” said Mrs. Turton, who spoke for the entire company.About Diane Turton, Realtors

Founded in 1986, Diane Turton, Realtors is a full-service real estate company serving Monmouth and Ocean counties in New Jersey and Southeast Florida. The firm, which consistently ranks in the top of the markets it serves, is the number one ranked women-owned business in the Garden State for the past three years. The web site is www.dianeturton.com and its toll-free number is 1-877-DTURTON.

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