Sea Isle City’s $7.4 million sale at 5 81st Street accomplished two things at once: It eclipsed the city’s previous 2026 leader by exactly $2 million and tied the highest single-family sale price in Sea Isle history.
The buyer paid entirely in cash.
The six-bedroom beachfront home had been listed for $7.499 million. It closed Sept. 8 for $99,000 — or 1.3% — below ask.
The deal exposes a split in Sea Isle’s market.
Conventional loans financed 73 of the city’s 103 residential closings through Sept. 8. Cash accounted for 29 purchases, while one transaction used another form of financing.
Conventional loans financed 17 of Sea Isle’s 25 sales at $2 million or more. The eight sales above $3 million divided evenly between cash and conventional financing.
Cash took over at the ceiling.
That pattern already dominates Avalon across Townsends Inlet. Nine of Avalon’s 12 August closings, representing $51.4 million of its $61.1 million in sales, closed without a recorded mortgage.
Sea Isle still relies heavily on financed purchases. Its ceiling now runs on cash.
The record tie also extends a remarkable summer for several of the Shore’s markets. Ocean City established its own single-family record July 1 when a bayfront home sold for $12.4 million.
CONTINUE YOUR BRIEFING
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- Sea Isle Fits a $773,200 Ask Into 500 Square Feet
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