Melissa and Joe Gorga list 3 houses, downgrade to NJ $ 900,000 pad

It looks like Joe and Melissa Gorga are working to get their finances in order.

The “Real Housewives of New Jersey” stars are selling three New Jersey homes they own after being demoted to a $ 950,000 Franklin Lakes pad, The Post reports.

The concurrent listings come seven months after the official sale of their longtime family home for $ 2.5 million in February, according to property records.

Insiders say it’s all part of a larger life plan.

“Melissa and Joe have had a house on the ground since they got married and are ready to move,” a representative for the couple told The Post. “They are currently looking for property in the Hamptons and plan to spend their summer there in the future.”

Meanwhile, the listings come months after the duo were accused of owe thousands dollars to several employees who had worked for them, including their former real estate agent, Michelle Pais. But the Gorgas having denied this, calling it a case of miscommunication.

However, the first of two Toms Rivers waterfront properties they listed has spent years on and off the market.

Toms River First House

The first Toms River house that Melissa and Joe Gorga bought in 2005.
Google
The swimming pool.
The swimming pool.
Realtor.com
The living room.
The living room.
Realtor.com
The formal dining room.
The formal dining room.
Realtor.com
The kitchen.
The kitchen.
Realtor.com

The Gorgas first purchased this vacation home – consisting of three bedrooms and two bathrooms – in 2005 for $ 450,000. Although they have been trying to get rid of it for almost a decade, they have been unlucky.

In 2011, they attempted to sell the house for $ 520,000. But because they took out so many loans against the property, they still owed the bank about $ 1.5 million after interest during that time, according to the records.

A den.
A den.
Realtor.com
The master bedroom which leads to a terrace with a view of the waterfront.
The master bedroom which leads to a terrace with a view of the waterfront.
One of the three bedrooms.
One of the three bedrooms.
Realtor.com

The Gorgas have even attempted to rent the place a few times in the hope of having constant money.

Covering over 1,200 square feet, with 4,792 square feet of land, the home was last listed in May for $ 650,000. They gave the home a price drop last week for $ 540,000 after still being unable to attract buyers.

A separate source claimed the reason the house didn’t sell was because it was “deemed to be substantially damaged after Sandy.”

Toms River Second House

The second Toms River waterfront home that Melissa and Joe Gorga bought in 2019.
The second Toms River waterfront home that Melissa and Joe Gorga bought in 2019.
Realtor.com
The bar area.
The bar area.
Realtor.com
The swimming pool with a view of the water.
The swimming pool with a view of the water.
Realtor.com
The outer deck.
The outer deck.
Realtor.com

Their second vacation home in Toms Rivers was recently listed on Sept. 7 for $ 2.9 million – the same day they gave their other property a price cut.

This ad is a bit more interesting, as they bought the house just two years ago – in July 2019 – for $ 975,000.

The open floor plan has a dining area.
The open floor plan has a dining area.
Realtor.com
The living room.
The living room.
Realtor.com
One of the seven bedrooms.
One of the seven bedrooms.
Realtor.com
One of the five bathrooms.
One of the five bathrooms.
Realtor.com

Comprised of seven bedrooms and five bathrooms, the home spans over 3,500 square feet and has been remodeled with all modern finishes.

Outdoor amenities include a large inground pool on a double lot with 165 feet of water views on the Bayfront.

Investment property in Paterson

The lot they bought in 2018 in Paterson, NJ.

The lot they bought in 2018 in Paterson, NJ so they could build a townhouse. Swipe right to see a sketch of the townhouse.

A rendering of the townhouse.

A rendering of the townhouse under construction in Paterson, NJ.


Then there’s an investment property in Paterson that they bought in 2018 for $ 149,000. The Gorgas turned it over and the house was listed a month ago for $ 525,000. If they marked this sale, they would make a big profit.

While construction is still in progress, the house will consist of six bedrooms and three bathrooms.

New family home in Franklin Lakes

Melissa and Joe Gorga's new family home was purchased for $ 960,000 in June.
Melissa and Joe Gorga’s new family home was purchased for $ 950,000 in June.
Google maps

Meanwhile, the Gorgas bought a new family home in Franklin Lakes, which they closed on June 15 for $ 950,000, according to property records.

Although the original house consisted of five bedrooms and six bathrooms, Melissa revealed that they plan to deconstruct the property and design a new house on the land to their liking.

Additionally, real estate records show they took out another $ 500,000 loan to build the house, bringing the total costs to $ 1.44 million.

The property will be located on nearly 1.5 acres of land, located in the community of West Gate Urban Farms, The Post has learned.

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