Check out this $2.95 million bay front home for sale on the exclusive Jersey Shore

Island life on the Jersey Shore may be yours for less than $3 million.

There is a listed house for sale on the prestigious West Point Island in Lavalette. The five-bedroom, three-bathroom home on the bay is located on Pershing Boulevard and has a price tag of $2.95 million.

The half-moon-shaped plot of about 300-400 homes is where Joe Pesci used to house his contemporary mansion, which he sold last year for $6.5 million. Pesci’s former home is demolished and lots are on the market for $3.2 million.

The island saw so much new home construction between 1999 and 2001 — that the electrical infrastructure couldn’t keep up with demand and had to be rewired, according to a New York Times story from 2005.

Today, most homes there are valued at over $1 million.

“There are a lot of well-known people who have homes on the island,” said David Lazaro, of Keller Williams Shore Real Estate, which listed the $2.95 million home.

It is one of two existing homes for sale on the island.

“It’s difficult because there is no supply anywhere and the bay front is limited to only ‘X’ houses,” he said. “It’s a very exclusive desirable area.”

The house has walls of windows on both floors for you to enjoy a view of the bay. The fifth bedroom is unfinished and has a separate entrance so it can be converted into a private suite or entertainment room. Outside, the compound deck is shaded by a 12-foot by 20-foot retractable canopy, and there is a berth that can accommodate multiple boats, 12 by 10 feet, and a 20,000-pound boat winch.

West Point Island also has a private beach and playground.

The house was recently reduced in price by about $450,000.

House for sale on West Point Island in Lavalette

It was built in 1977.

House for sale on West Point Island in Lavalette

The living room has a gas fireplace and custom built-in appliances.

House for sale on West Point Island in Lavalette

The first floor features hardwood floors and plantation shutters.

House for sale on West Point Island in Lavalette

The home has an area of ​​4,315 square feet and is located on 6,534 square feet.

House for sale on West Point Island in Lavalette

The kitchen has granite countertops, a six-burner stove, a 72-inch refrigerator, and more.

House for sale on West Point Island in Lavalette

The master bedroom has floor-to-ceiling windows and its own balcony.

House for sale on West Point Island in Lavalette

The master bathroom has a double dressing table and a large wardrobe.

House for sale on West Point Island in Lavalette

It has a boat dock, lift and includes a six-person hot tub.

Do you have tips about the real estate market in New Jersey? Unusual lists? Big sales to question? Bidding for war stories? Inventory problems? Affordability issues? let’s know.

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Allison Pries can be reached in [email protected].

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