Latest news with #SpringLake
Daily Mail
5 days ago
- Business
- Daily Mail
The $25M sale that put a quiet East Coast beach town on the map
By A sleepy seaside community in New Jersey is getting attention after the biggest sale ever closed in the town, which is known for being the opposite of its rowdy Jersey Shore neighbors. Spring Lake, a picturesque beach town known by locals as the, 'Jewel of the Jersey Shore' saw the sale of a $25 million home in January 2025. Now locals say inquiring homebuyers want to know all about the town. Prior to the sale, it was hard to sell a $12 to $13 million house in the town, Glander said. But there has been a ripple effect since the sale and property values across the tiny, two-square-mile town have skyrocketed. Wealthy buyers are now pricing out the families who have called Spring Lake home for generations, and upsetting locals who discovered the town long ago. The $25 million home features nine bedrooms, 8.5 bathrooms, a wraparound porch, guesthouse, saltwater pool, and a golf simulator. Folding glass door open to a massive east-facing terrace with seating, kitchen, and al fresco dining overlooking the pool, gardens and ocean. The house was on the market for just four months before selling for the record-setting amount — a short timeline for such a massive price. Since the sale, homes that once lingered on the market have been snapped up in a matter of days. Offers close to $10 million are now common, and homes that used to sell for $1 to $2 million are now fetching $3 to $5 million, even if they're blocks away from the beach. 'Before COVID you could get something for around $1 million,' Glander told the Daily Mail. In May 2025, the median list price in Spring Lake was $1,995,000. 'An entry-level price to buy a home here is now around $2 million,' she said. For many lifelong residents, the new pricing and the attention that's coming with it has become a nuisance. 'It's more like the Hamptons. We actually used to get a lot of buyers that would come from Manhattan and they'd come to Spring Lake because they didn't like the commute to the Hamptons,' said Glander. From Manhattan you can be in Spring Lake in just over an hour, as opposed to the three-hour drive to the Hamptons. Spring Lake is not like its neighboring beach towns with their boardwalks filled with arcades and dive bars. 'They have a concession stand with food and snacks near the beach, but there's no rides, nothing like the other shore towns,' Glander said. 'That's why we discovered it. I didn't want arcades and games and you know — noise.' Glander added that the homes are also a different style than the rest of the beach towns along the shore. 'It's really, really beautiful. Everyone keeps their homes and their landscaping meticulous. It's immaculately clean.' In addition to the Atlantic shoreline, there are two lakes in town, one on the north end and another one on the south end. Due to strict zoning laws, there is still a small town feel. There are rarely new builds, and there are no big or tall buildings. The town has no traffic lights. 'Since the late 1800s until present the zoning has been kept very strict in town so that's why it is as beautiful as it is,' Glander added. 'With a lot of the beach towns if you had a 50-foot lot you could tear down a house and put four houses on it. You can't do that in Spring Lake.' Glander first bought in Spring Lake in 1986, and says the charming town was virtually unknown. While the home prices are now sky-high, the taxes remain surprisingly low — a draw for wealthy buyers, especially retirees. 'If you have a house right around $4 million, the taxes are usually right around $10,000 a year,' she said. 'Compare that to the Hamptons, which is like four or five times that.' The town also offers a unique amenity for locals in the form of large private beach lockers at each end of the boardwalk, so no one has to lug around their beach supplies for the day. 'You can leave your beach chairs, your umbrella, your boogie board, and just ride your bike to the beach or walk,' Glander said. Downtown Spring Lake is filled with upscale boutiques, well-maintained storefronts, and a new restaurant is being built inside a former 19th-century bank. Though the town is not dry, Glander says liquor licenses are scarce, and nightlife remains limited outside of a few nice dinner spot.
Daily Mail
21-06-2025
- Business
- Daily Mail
The $25M sale that put a quiet, tax-friendly East Coast beach town on the map
A sleepy seaside community in New Jersey is getting attention after the biggest sale ever closed in the town, which is known for being the opposite of its rowdy Jersey Shore neighbors. Spring Lake, a picturesque beach town known by locals as the, 'Jewel of the Jersey Shore' saw the sale of a $25 million home in January 2025. Now locals say inquiring homebuyers want to know all about the town. 'Most people didn't even know it existed before,' local realtor Diane Glander told the Daily Mail. 'It was off the beaten path for the longest time.' Despite not being an oceanfront property, the home at 17 Washington Avenue still sold easily. According to Mansion Global, the buyers are Kenneth Pizzo Jr., owner of construction firm Pizzo & Pizzo Builders, and his wife, Meaghan. Prior to the sale, it was hard to sell a $12 to $13 million house in the town, Glander said. But there has been a ripple effect since the sale and property values across the tiny, two-square-mile town have skyrocketed. Wealthy buyers are now pricing out the families who have called Spring Lake home for generations, and upsetting locals who discovered the town long ago. The $25 million home features nine bedrooms, 8.5 bathrooms, a wraparound porch, guesthouse, saltwater pool, and a golf simulator. Folding glass door open to a massive east-facing terrace with seating, kitchen, and al fresco dining overlooking the pool, gardens and ocean. The house was on the market for just four months before selling for the record-setting amount — a short timeline for such a massive price. Since the sale, homes that once lingered on the market have been snapped up in a matter of days. Offers close to $10 million are now common, and homes that used to sell for $1 to $2 million are now fetching $3 to $5 million, even if they're blocks away from the beach. 'Before COVID you could get something for around $1 million,' Glander told the Daily Mail. In May 2025, the median list price in Spring Lake was $1,995,000. 'An entry-level price to buy a home here is now around $2 million,' she said. For many lifelong residents, the new pricing and the attention that's coming with it has become a nuisance. 'It's more like the Hamptons. We actually used to get a lot of buyers that would come from Manhattan and they'd come to Spring Lake because they didn't like the commute to the Hamptons,' said Glander. From Manhattan you can be in Spring Lake in just over an hour, as opposed to the three-hour drive to the Hamptons. Spring Lake is not like its neighboring beach towns with their boardwalks filled with arcades and dive bars. 'They have a concession stand with food and snacks near the beach, but there's no rides, nothing like the other shore towns,' Glander said. 'That's why we discovered it. I didn't want arcades and games and you know — noise.' Glander added that the homes are also a different style than the rest of the beach towns along the shore. 'It's really, really beautiful. Everyone keeps their homes and their landscaping meticulous. It's immaculately clean.' In addition to the Atlantic shoreline, there are two lakes in town, one on the north end and another one on the south end. Due to strict zoning laws, there is still a small town feel. There are rarely new builds, and there are no big or tall buildings. The town has no traffic lights. 'Since the late 1800s until present the zoning has been kept very strict in town so that's why it is as beautiful as it is,' Glander added. 'With a lot of the beach towns if you had a 50-foot lot you could tear down a house and put four houses on it. You can't do that in Spring Lake.' Glander first bought in Spring Lake in 1986, and says the charming town was virtually unknown. While the home prices are now sky-high, the taxes remain surprisingly low — a draw for wealthy buyers, especially retirees. 'If you have a house right around $4 million, the taxes are usually right around $10,000 a year,' she said. 'Compare that to the Hamptons, which is like four or five times that.' The town also offers a unique amenity for locals in the form of large private beach lockers at each end of the boardwalk, so no one has to lug around their beach supplies for the day. 'You can leave your beach chairs, your umbrella, your boogie board, and just ride your bike to the beach or walk,' Glander said. Downtown Spring Lake is filled with upscale boutiques, well-maintained storefronts, and a new restaurant is being built inside a former 19th-century bank. Though the town is not dry, Glander says liquor licenses are scarce, and nightlife remains limited outside of a few nice dinner spots. 'Downtown at 5 o'clock, we used to joke they rolled up the sidewalks for the day,' Glander said. But things are evolving due to the demands of wealthy clientele, and now shops and restaurants are staying open.
CBC
21-05-2025
- CBC
#TheMoment a Michigan family got an elderly neighbour to safety during tornado
Riley McKillen-Dean, a resident of Spring Lake, Mich., recounts the moment she and her son rushed to help a 93-year-old neighbour to safety during a recent tornado alert.
Forbes
12-05-2025
- Entertainment
- Forbes
Faherty And Bloomingdale's Team Up To Bring Coastal Cool To Midtown
Over the weekend, Bloomingdale's 59th Street flagship started to look and feel a little more like Spring Lake, New Jersey, thanks to a new collaboration with Faherty, the family-founded lifestyle brand known for its laid-back, surf-inspired aesthetic. In an innovative twist that blurs the lines between retail, hospitality, and experience, Faherty is taking over the department store's in-house restaurant space—Flip—to launch its first-ever Sun and Waves restaurant pop-up in New York City. The partnership, which runs through June, is timed to coincide with Father's Day and the start of summer. 'At Bloomingdale's, we're always striving to dream big—and few brands reflect that spirit better than Faherty,' said David Thielebeule, Fashion Director at Bloomingdale's. 'As we looked to enhance our in-store experience for Father's Day, partnering with a brand known for bold ideas and effortless, beach-inspired style felt like a natural fit. After all, who doesn't love the beach? Bringing Alex and Mike's signature blend of relaxed sophistication and excellent vibes into our stores was an easy decision. I cannot wait for our customers to experience the results." For Faherty, this moment represents more than just a creative partnership—it's an extension of a vision the brand has been building since its earliest days. "This is a major milestone for us—our first-ever window takeover at Bloomingdale's 59th Street, one of the most iconic shopping destinations in the world, along with a Sun and Waves pop-up inside Flip. We're thrilled to share the full Faherty experience—style, spirit, and flavor—right in the heart of New York City,' shared Alex Faherty, cofounder and CEO. The company's first venture into the physical space was a Mobile Beach House back in 2013. It's a traveling mobile store that still exists today. That beach house-on-wheels is hitting the road again this summer, with upcoming stops planned for White Plains (May 31) and Huntington, NY (June 7). But this time, it's accompanied by a broader concept that includes immersive dining and lifestyle touchpoints. The Bloomingdale's takeover is a natural next step for a brand that has steadily grown from a two-person vision to a national retail presence with 78 stores across the U.S. Though Faherty started as an online and wholesale business, the founders always believed in the power of physical retail. "We opened our first store in New York's Greenwich Village by moving our office there. We had a little store on the front. There was not a lot of traffic down that street, but it was a great way for us to get product feedback,' Faherty said. The brand then opened in Malibu, a dream they had always had since visiting California as kids. Even during the uncertainty of the early pandemic, Faherty succeeded due to some unique locations. The brand had stores in Sag Harbor, Jersey Shore, Nantucket, and Martha's Vineyard. When people were finally allowed to go back to shopping, the business in those towns was positive. This made the brand confident about continuing to look at retail and began opening more stores shortly after. Combining shopping and dining began to take shape when Faherty and his wife moved back to Spring Lake and found themselves missing Brooklyn's all-day cafes and health-forward eateries. 'We took over this old bank in town, totally gutted it, and transformed it into this really cool hangout spot,' he said. It's been open since last fall and is now a town staple. The NYC pop-up version of Sun and Waves brings that coastal vibe to the city with special decor, a refreshed menu (think Bondi avocado toast and Spring Lake tuna salad), and an exclusive apparel capsule collection designed as summer mementos. There's also a two-month window display on Third Avenue celebrating the partnership. Today, about 40% of Faherty's business comes from retail, with the rest split between e-commerce and wholesale. The brand's largest wholesale partner is Nordstrom, but it also works with a vast network of specialty stores. "In the first few years, the majority of the sales were in the wholesale channel, so we had that benefit of learning a lot from that initially," Faherty said. As it opens eight more stores in 2025, including locations in La Jolla, Boulder, and downtown Nashville, the company is also thinking more holistically about how to turn its retail spaces into destinations. Every store is designed to reflect the local community, blending reclaimed materials and a beach house sensibility with nods to regional architecture and culture. 'We never want the stores to feel cookie-cutter,' he said. 'It's all about creating a place people want to hang out.' That philosophy extends to the people, too. 'We think of ourselves as a hospitality business, Faherty shared. 'We're running a business, so it's important that we hit our metrics, but at the same time, it's just as important that the customer leaves saying, I just had a great experience.' Faherty is also investing in sustainable innovation. One recent product highlight is its new line of T-shirts made from regenerative organic cotton sourced from farms in Peru. Unlike traditional cotton, the regenerative approach uses rainwater and intercropping techniques that are significantly better for the environment. While the move into hospitality may seem like a departure, it fits perfectly within the brand's broader ambition to create an ecosystem around its lifestyle. With the Bloomingdale's activation, Faherty is doing just that—meeting customers where they are and inviting them to linger a little longer.
