Ironside Shore Wire

Market intelligence for the coastal communities of the South Jersey Shore

Sea Isle’s $2.2M Ranch Became $6.374M in Claimed Townhouses in a Year

A Sea Isle City ranch that sold for $2.2 million last year has now become two $3 million-plus townhouses — and both have buyers.

The East unit at 138 76th Street went under contract this week at a $3.249 million ask after 262 days on the market.

Its twin already closed Aug. 10 for $3.125 million.

Combined, the two units represent $6.374 million in closed and asking value.

The property sold for $2.2 million in August 2025.

That is a $4.174 million gross increase over the original acquisition price before demolition, construction, financing, commissions and other development costs.

The starting point was a 1968 single-family ranch: 1,542 square feet on a 75-by-110-foot lot.

Developers replaced it with two roughly 3,500-square-foot townhouses, each with seven bedrooms and 5½ bathrooms.

The West unit found its buyer first.

Now the East unit has followed.

The redevelopment nearly tripled the property’s nominal value in about a year — from one $2.2 million sale to more than $6.3 million in finished residential product.

That does not mean the developer pocketed the difference.

It does show what Sea Isle’s land and new-construction market can support when one oversized single-family lot becomes two luxury homes.

The bet is no longer sitting in inventory.

Both halves now have buyers.