20 Melrose Terrace 506 Experience elevated coastal living in one of the premier oceanfront residences at The Lofts at Pier Village. Perfectly positioned to capture breathtaking, unobstructed views of the Atlantic Ocean, this exceptional 2-bedroom, 2.5-bath home offers unparalleled indoor-outdoor lifestyle highlighted by an extraordinary 547-square-foot private balcony - one of the largest balconies in the entire community. Overlooking the ocean, this remarkable outdoor living space serves as a true extension of the home and provides the perfect setting for entertaining, dining al fresco, or simply enjoying the sights and sounds of the shoreline. Inside, no detail has been overlooked. Thoughtfully customized and meticulously upgraded, this residence lives more like a luxury home than a condominium The designer kitchen is a showpiece featuring premium Miele appliances, stunning quartzite waterfall-edge countertops, and a custom-built pantry providing exceptional storage and functionality. The spacious living area is enhanced by a bespoke built-in entertainment center and bar complete with integrated lighting, abundant storage, and dual Marvel refrigerators for wine and beverages. Throughout the home, recessed LED lighting creates a warm and sophisticated ambiance, while decorative shiplap accents and architectural molding add timeless character and elegance. Fully customized closet systems offer exceptional organization with built-in shelving, drawers, and storage solutions. Hunter Douglas PowerView motorized blinds provide effortless convenience and privacy at the touch of a button. The crown jewel of this residence remains the expansive 547-square-foot oceanfront balcony, a rare and highly coveted feature that offers panoramic water views and an unmatched connection to the beach and ocean beyond. Adding even greater value is the property's long-term tax abatement, with approximately 24 years remaining. Property taxes for 2025 were just $7, 422, offering significant savings compared to many comparable luxury oceanfront residences. Residents of The Lofts at Pier Village enjoy an unmatched amenity package designed to complement the resort-style beachfront lifestyle. Amenities include a stunning outdoor pool with towel service, walking paths, bocce courts, a beautifully appointed community room, state-of-the-art fitness center, outdoor kitchen and bar area with grilling stations and fire pits, game room, movie theater, and a dedicated children's playroom. Combining luxury finishes, exceptional outdoor living, valuable tax benefits, and world-class amenities, this is a rare opportunity to own one of the most desirable oceanfront residences in Pier Village. Enjoy direct beach access and a vibrant coastal lifestyle just steps from acclaimed restaurants, boutique shopping, entertainment, transportation to NYC (ferry & train) and of course the Atlantic Ocean in your backyard.