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Pending
  • $2,800,000

    20 Melrose Terrace #506, Long Branch, NJ 07740

    2beds
    1,541sqft
    : 
    $19,752/mo
    Get pre-qualified
    Condominium
    Built in 2020
    -- sqft lot
    $2,685,000 Zestimate®
    $1,817/sqft
    $1,484/mo HOA

    What's special

    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.
    36 days
    |
    430
    |
    20
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    Zillow last checked:

    Listing updated:

    Listed by:

    Chris Katz 732-859-8505,

    Douglas Elliman of NJ LLC

    Source: MoreMLS,MLS#: 22618491MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Forced Air
      Cooling
      • Central Air
      Features
      • Dec Molding, Elevator, Eat-in Kitchen, Recessed Lighting
      • Flooring: Ceramic Tile, Wood
      • Basement: None
      Interior area
      • Total structure area: 1,541
      • Total interior livable area: 1,541 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Underground
      • Attached garage spaces: 1
      Features
      • Stories: 1
      • Exterior features: Balcony, Swimming, Lighting
      • Has private pool: Yes
      • Pool features: Concrete, In Ground
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: Ocean Block, Beach Front, Ocean Front
      Lot
      • Size: 0.31 Acres
      Details
      • Parcel number: 270022200000000101C0229

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Roof: Flat
      Condition
      • Year built: 2020

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Security: Security Guard
      • Subdivision: Lofts@Pier Village
      HOA
      • Has HOA: Yes
      • Services included: Trash, Common Area, Lawn Maintenance, Pool, Snow Removal, Water
      • HOA fee: $1,484 monthly
      Location
      • Region: Long Branch

      Financial & listing details

      • Price per square foot: $1,817/sqft
      • Tax assessed value: $36,300
      • Annual tax amount: $7,422
      • Date on market: 6/25/2026
      • Inclusions: Outdoor Lighting, Washer, Wall Oven, Blinds/Shades, Counter Top Range, Dishwasher, Dryer, Light Fixtures, Microwave, Stove Hood, Refrigerator, Freezer, Garbage Disposal, Gas Cooking
      • Exclusions: Living Room chandelier. Personal property

        Estimated market value

        $2,685,000

        $2.55M - $2.82M

        $7,906/mo

        Price history

        DateEventPrice
        7/2/2026Pending sale$2,800,000$1,817/sqft
        Source: MoreMLS #22618491 Report a problem
        6/25/2026Listed for sale$2,800,000+35.3%$1,817/sqft
        Source: MoreMLS #22618491 Report a problem
        5/26/2020Sold$2,070,000$1,343/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$558 $36,300
        2024$558 $36,300 -90.8%
        2023-- $395,300 +989%
        2022$651 $36,300
        2021-- $36,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: East Long Branch

        Getting around

        71 / 100
        Very Walkable
        36 / 100
        Some Transit
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Long Branch

        Source: MoreMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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