(Editor’s Note: This article is sponsored by 500 Ocean, a new townhome development in Seaside Heights. We thank them for their support of Shorebeat, and encourage anyone interested in buying a beautiful home near the boardwalk to consider their offerings!)
500 Ocean is not only a new, beautiful complex in a prime location, but is now being offered with major incentives for buyers: “Buy Now, Use Now, Pay Later!”
The finishing touches are now complete on ten extraordinary four-story, four-bedroom, four-and-a-half-bath townhomes overlooking the ocean, beach, and boardwalk on Ocean Terrace at Webster Avenue — the stunning new address known as 500 Ocean. The development, which Shorebeat covered since its initial approval, has been steadily being built over the last year and is now ready for owners to move in.
With private balconies on every level, private oversized individual rooftop terraces of more than 600 square feet offering breathtaking waterfront views, and an exceptional collection of luxury finishes and smart technology, these homes are setting a bold new standard for coastal living at the Jersey Shore. But the unique financial aspect is yet another important factor in what makes 500 Ocean so attractive.
For a limited time only, buyers at 500 Ocean can take advantage of a rare and valuable incentive: Buy now, move in now — and make no payments through February 2026. At closing, qualified buyers will receive a seller-paid credit that covers monthly mortgage payments (principal + interest), monthly real estate taxes and monthly HOA fees through Feb. 28, 2026.
“This is out-of-the-box thinking by experienced and savvy developers,” said Michael Loundy of Seaside Realty, the broker behind the community. “They’re responding directly to today’s market and saving buyers tens of thousands of dollars.”
In essence, while one’s mortgage is being paid down, they are free to enjoy the home, lease it for seasonal rental income, or do both — creating unmatched flexibility and value. The townhomes also benefit from a 5-year real estate tax abatement that phases in gradually.
The units are ready for occupancy, meaning owners who choose to rent their townhome during the summer season may be able to cover the rest of the year’s carrying costs. With strong seasonal demand and prime beachfront access, this is an investment-grade opportunity unmatched on the Jersey Shore.
“We know of no other Jersey Shore investment that lets buyers close now and make no payments until 2026,” said Loundy, who has spent decades developing, selling, and renting real estate in the area.
“This a “transformational moment” for Seaside Heights,” he said. “The older version of Seaside Heights is being replaced with a modern, forward-thinking vision for families, investors, and vacationers alike.”
Shorebeat reported just last week that real estate values have been skyrocketing in the borough, with the building boom continuing to attract major investors and individual homeowners alike.
500 Ocean, for its part, is particularly unique. It offers:
Within walking distance are:
A decorated model unit is open for tours. To schedule a visit, contact Mike Loundy at Seaside Realty at 732-330-6651 or [email protected].