It seems 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 downgrading to a $950,000 Franklin Lakes pad, The Post can report.
These simultaneous listings come seven months after they officially sold their longtime family home for $2.5 million in February, property records show.
Insiders say it’s all part of a bigger life plan.
“Melissa and Joe have had a shore home since they were married and are ready to make a move,” a rep for the couple told The Post. “They are currently looking at property in the Hamptons and are planning to spend their summers there in the future.”
Meanwhile, the listings come months after the duo were accused of owing thousands of dollars to several employees who had worked for them, including their former real estate agent, Michelle Pais. But the Gorgas have denied this, calling it a case of miscommunication.
The first of two waterfront Toms River properties they’ve listed, however, has spent years on and off the market.
First Toms River Home
The Gorgas first purchased this vacation getaway home — made up of three bedrooms and two bathrooms — in 2005 for $450,000. Although they’ve been trying to get rid of it for nearly a decade, they haven’t had any luck.
In 2011, they attempted to sell the home for $520,000. But because they took out so many loans against the property, they would’ve still owed the bank about $1.5 million after interest during that period, records show.
The Gorgas even attempted to rent out the place a few times in hopes to have some consistent money coming in.
Spanning over 1,200 square feet, with a 4,792 square feet lot, the home was last listed in May for $650,000. They gave the home a price cut last week for $540,000 after still being unable to lure any buyers.
A separate source claimed the reason the home hasn’t sold was because it was “deemed substantially damaged after Sandy.”
Second Toms River Home
Their second Toms River vacation home was recently listed on Sept. 7 for $2.9 million — the same day they gave their other property a price cut.
This listing is a bit more interesting, as they only purchased the home two years ago — in July 2019 — for $975,000.
Made up of seven bedrooms and five baths, the home spans over 3,500 square feet and has been renovated with all modern finishes.
Exterior amenities include an expansive in-ground pool on a double lot with 165 feet of water views on the Bayfront.
Investment Property in Paterson
Then, there is an investment property in Paterson they bought in 2018 for $149,000. The Gorgas flipped it and the home was listed a month ago for $525,000. If they score this sale, they would be making a hefty profit.
While construction is still pending, the home will be made up of six bedrooms and three bathrooms.
New Family Home in Franklin Lakes
Meanwhile, the Gorgas purchased a new family home in Franklin Lakes, which they closed on June 15 for $950,000, property records show.
Although the initial home was made up of five bedrooms and six bathrooms, Melissa revealed that they were planning on deconstructing the property and designing a new home on the land to their liking.
Additionally, property records show they took another $500,000 loan to build the home, bringing total costs to $1.44 million.
The property will sit on nearly 1.5 acres of land, located in the West Gate Urban Farms community, The Post has learned.
