Nicknamed the City by the Sea, Long Beach is on the Long Beach barrier island. It shares it with Atlantic Beach to the west and Lido Beach and Point Lookout to the east.
Best known for its laid-back lifestyle and its beaches, surfing and boating, and a famous boardwalk that was built in 1914 and rebuilt and reopened in 2013 after it was destroyed by superstorm Sandy, the independent and self-governing city made a true comeback after that storm.
"There have been nearly 200 infrastructure projects since Sandy," says City Council President Len Torres. "Homes have been repaired and elevated, making them more resilient and livable again and ensuring that our city is rebuilt stronger, smarter and safer."
Alex Rubin, an associate broker with Douglas Elliman Real Estate, says the superstorm brought attention to the city.
"Post-Sandy, everyone discovered Long Beach," says Rubin. "We are getting a whole new crowd here. It's very hip and diverse. It is another alternative to the Hamptons or for those downsizing who are not going to live in New York City."
It is not unusual to have a newly constructed home next to a 1930s Tudor or Spanish revival. "There is no pattern," says Rubin. "It's the most eclectic housing you have ever seen."
Most homes have an average lot size of 40 by 100 feet. There are many co-ops, town houses and condos. The Aqua is one of newest condo complexes offering luxury living by the sea with prices just under $1 million for an ocean view.
Tom Tripodi, of the Tripodi Team with Douglas Elliman, describes the state of the market as unlike anything he has seen before. "The fear of loss is tremendous, and the interest rates are so low and that is what is making everyone run to this market and buy," says Tripodi. "In the last few months, most of my properties have had major bidding wars over the asking price. Buyers feel the need to buy now; otherwise, they will miss the opportunity."
CONDOS AND CO-OPS: 79 condos and 109 co-ops on the market
SALE PRICES: Since May 2014, there were 239 sales with a median price of $440,000, according to Multiple Listing Service of Long Island data. The low price was $150,000, and the high price was $2.2 million. From May 2013 to May 2014, the number of sales was 183. The median price was $388,500 with a low of $65,000 (a bungalow) and a high of $1.375 million.
ATTRACTIONS: There are many parks, including the Georgia Avenue sprinkler park and playground (recently refurbished), the Clark Street playground, and Veterans Memorial Park, which has a fishing pier and boat ramp. Notable landmarks are the Holocaust Memorial, the John F. Kennedy Memorial at Kennedy Plaza, and the Sept. 11 memorial.
AREA. 2.0 square miles
ZIP CODE. 11561
MEDIAN AGE. 43.2
MEDIAN HOUSEHOLD INCOME. $84,882
MEDIAN HOME VALUE. $475,000
LIRR TIME TO NYC. 50 to 52 minutes at peak
MONTHLY TICKET. $287
SCHOOL DISTRICT. Long Beach City School District
Sources: 2010 Census; MSLI.com; LIRR
*Based on sales in the last six months, according to MLSLI
THE HOUSING MARKET
NUMBER OF HOUSES. 144
PRICE RANGE. $115,000 to $3.3 million
TAX RANGE. $2,817 to $40,000
ILLINOIS AVENUE, $1.9 million
The 10-room, Mediterranean-style home sold in April above the original listing price of $1.750 million due to a bidding war between three different buyers. The highest bidder paid in an all-cash transaction. It was on the market 59 days. Built in 2005, the home has five bedrooms, two bathrooms and a half-bath, wood floors throughout and two fireplaces. The property is in a cul-de-sac on a 50-by-90-foot lot. Taxes are $27,827.
WEST BROADWAY, $795,0000
Sold this month $4,000 below the asking price, this five-room condo was on the market eight months. Features include two bedrooms, two bathrooms, a living room, dining room and patio. Taxes are $10,900, with an additional $723 for common charges.
ROOSEVELT BOULEVARD, $835,000
This legal, two-family contemporary-style home sold in March. It was on the market 115 days. Built in 2006, the property sold for $15,000 below the asking price. Both units have three bedrooms, two bathrooms, an eat-in kitchen, washer-dryer, dishwasher, heating unit and hot water heater. The lot size is 40 by 100 feet. Taxes are $16,065.
This seven-room ranch situated on a double lot has three bedrooms, two bathrooms, an updated kitchen and a new roof. The home has parking for four cars and is on an 80-by-57-foot lot. Taxes are $9,983. Alex Rubin, Douglas Elliman Real Estate, 516-432-3400.
This legal two-family home has seven rooms on the main floor -- three bedrooms, two bathrooms, eat-in-kitchen -- and a garden-level unit with three bedrooms, two bathrooms, patio area and private carport. The lot size is 40 by 100 feet. Taxes are $17,436. Miriam Gold, Paul Gold Real Estate Inc., 516-639-5557.
High-end, $1.75 million
This two-bedroom, two bathroom with a half-bath condo in the Aqua has ocean views, a rooftop deck with a private elevator, concierge, pool, garden, gym, valet and indoor parking. Taxes are $21,328 and an additional $2,058 for common charges. Susan Solomon, Beach West Realty, 516-443-3628.