LAVALLETTE — After a nearly two-year wait, actor Joe Pesci’s waterfront mansion on West Point Island has sold for its $6.5 million asking price — more than seven times what he paid for it.
Located on Pershing Boulevard with expansive views of Barnegat Bay, the more than 7,000-square-foot house was first listed for sale in 2019 . The listing was removed three times — and then re-listed — first in late 2020, and again in January and June this year.
Pesci never wavered from his $6.5 million asking price for the eight-bedroom, 8 1/2-bath home. The sale was first reported by the New York Post.
Born in Newark and raised in Belleville, Pesci, 78, won a Best Supporting Actor Oscar for his portrayal of violent, volatile gangster Tommy Devito in the 1990 film “Goodfellas,” directed by Martin Scorsese.
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The sale was likely boosted by a hot real estate market.
Like other oceanfront towns at the Jersey Shore, Lavallette has seen average home prices soar in the past year. Prices are up 29% in the past year in Lavallette , according to an Asbury Park Press review of real estate data.
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The listing for Pesci’s home, realtor.com , says the house “has every imaginable upgrade and includes a private elevator, open floor plan, spectacular master bedroom suite that includes a private balcony, a luxury bathroom, and private office.”
The gated property also has a heated pool, a spa and a dock that juts out into Barnegat Bay.
Pesci purchased the home for $850,000 in 1994, according to property records. The contemporary home was built in 1990.
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It’s assessed at $3.2 million and last year, Pesci paid more than $26,000 in property taxes on the house, according to county tax records. Previously, Pesci worked with Scorsese and DeNiro in 1980’s “Raging Bull,” and was nominated for a Best Supporting Actor Oscar for playing Joey LaMotta, the brother and manager of boxer Jake LaMotta, played by DeNiro. Pesci’s film credits also include “Home Alone,” “My Cousin Vinny,” “Once Upon a Time in America,” “A Bronx Tale,” and “Casino,” in which he again joined forces with Scorsese and DeNiro. Pesci announced his retirement from acting in 1999, but came out of retirement in 2019 to join DeNiro, Scorsese and Al Pacino in the epic crime movie “The Irishman,” the story of a mob hitman. Last year, Pesci was one of several neighbors who became involved in an ongoing dispute about an extension of a dock belonging to another Pershing Boulevard homeowner, as well as two other applications for longer docks in the bay.” More than doubling these docks undoubtedly would block views of the Bay currently enjoyed by other area homeowners,”
