Want to Own Joe Pesci’s Old House? It’s For Sale

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Joe Pesci apparently wants to move to California for good. That means his New Jersey mansion is on the block — for only $6.5 million. At least it is in a pretty good neighborhood.

91 Pershing Blvd, Lavallette, New Jersey, is for sale for $6.5 million. The town is on the water, just east of Tom’s River. One can suppose that it is close enough to the water that flooding may become a problem. For the time being, however, it is a well-outfitted 7,200 square foot house built in 1990. The house has eight bedrooms, eight bathrooms, and its own dock — and an elevator.

Lavallette is a borough in Ocean County. It is tiny. The total population is 1,832, down 29% from 2010. The dropped was triggered when it was flattened by Hurricane Sandy in October 2012. The Pesci house survived that. No guarantee it will again.

Lavallette is relatively affluent. The median household income was $60,296 in 2010, several thousand dollars above the national average. The population is 98% white. Lavallette didn’t exist at the start of the 20th century, or at least not in the traditional sense. It has a population of 21 in 1900.

According to Realtor.com, the house has some touches from the current owner. “Listing photos include a shot of Pesci’s game room, complete with a ‘Lethal Weapon 3’ pinball machine and many movie posters from his storied career.”

What is the real cost to own the home? With a $1,300,000 down payment, and a 30-year fixed mortgage with a rate of 3.797%, $25,760 a month. Of that $24,221 is to pay down the loan. Home insurance costs are probably higher than those in the listing. Flood insurance costs could be astronomical.

The listing:

Celebrity Owned West Point Island Custom Contemporary waterfront home has it all. This waterfront home has every imaginable upgrade and includes a pvt elevator, open floor plan and fabulous master. – The spectacular master bedroom suite includes a private balcony a luxury bath, and private office. This magnificent home proudly sits on Barnaget Bay and is a short bike ride to the ocean, it also stunningly blends interior and exterior to create an entertaining showplace and also offers a tranquil retreat like setting. To finish off this luxury home we have 7 additional bedrooms, 7 full baths and a beautiful paver patio that surrounds a Gunite heated pool with spa on a private double lot that includes a deep-water bulkhead, private dock and additional boat slips that can handle the largest Yacht.


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