Want to Own Joe Pesci’s Old House? It’s For Sale

By Douglas A. McIntyre Updated Jan 6, 1:08AM EST · Published Nov 17, 9:21AM EST

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Want to Own Joe Pesci’s Old House? It’s For Sale — © Courtesy of Warner Bros.

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.”

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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.

The listing:

Celebrity Owned West Point Island Custom Contemporary waterfront home has it all. This waterfront home has every imaginable upgrade and includes a pvt elevator, open floor plan and fabulous master. – The spectacular master bedroom suite includes a private balcony a luxury bath, and private office. This magnificent home proudly sits on Barnaget Bay and is a short bike ride to the ocean, it also stunningly blends interior and exterior to create an entertaining showplace and also offers a tranquil retreat like setting. To finish off this luxury home we have 7 additional bedrooms, 7 full baths and a beautiful paver patio that surrounds a Gunite heated pool with spa on a private double lot that includes a deep-water bulkhead, private dock and additional boat slips that can handle the largest Yacht.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.