Enhancing resilience has become a key element of preparedness for extreme events and climate change. While much progress has been made in defining components of resilience, many questions remain about identification of appropriate strategies for building resilience, barriers to implementation of these strategies, and limits to the potential effectiveness of these efforts. New questions are also emerging about inherent limitations of resilience based approaches, suggesting that resiliency efforts must be coupled with broader transformations of the social and political conditions that create and perpetuate vulnerabilities. Investigation of resilience options and barriers has particular resonance for urbanized coastal communities, many of which face significant climate hazards and development related pressures and are also encountering a suite of technical, political, financial, legal, and policy hurdles to adaptation. This study explored these issues in coastal New Jersey, USA. The methodology entailed a co-production approach, whereby stakeholders and researchers collaborated in the development of climate risk and vulnerability information and identification of resilience options and barriers. The collaboration provided important insights into barriers, limits and limitations of on-going resilience-building efforts but also revealed potential openings for transformation.