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.
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