Seller's Agent in 2023
Bonnie Wells
Coastal Living Real Estate Group
(201) 280-2300
50 in this area
58 Total Sales
12312 N Old Whaling Ln Long Beach Township, NJ 08008
Long Beach Island NeighborhoodEstimated Value: $6,923,000 - $9,010,000
9
Beds
10.5
Baths
13,280
Sq Ft
$589/Sq Ft
Est. Value
Highlights
- 273 Feet of Waterfront
- Newly Remodeled
- Bay View
- Parking available for a boat
- Heated Lap Pool
- Deck
About This Home
As of February 2023Truly extraordinary even in a place known for its fine properties, this showpiece estate in The Dunes harmonizes with its magnificent bay front, commanding far and wide water views from nearly every room in the home. The 13,280 sq ft (across 3 floors), 9 bedroom, 12 bath, premium residence has been reimagined by the new owner, who invested an additional 1.5 million into maximizing the extravagance on all 3 levels. The result; an artful adaptation of a Coastal style for modern living, with a high-caliber design and amenities that offer a seamless blend of beauty, function, and innovation.
From the heart of the residence a dramatic two-story great room offers an open impression with soaring ceilings to walls of glass that continue down the bay front. The recent transformation opened the walls to 2 additional grand living areas, creating “jaw dropping views” down the coastline, while increasing the flow for entertaining on an intimate or grand scale. Designer furnishings tie these rooms together in a fresh décor of coastal-themed tones and the well placed professional-style wet bar; adorned with Calcutta marble counters, a Sub Zero wine center, Meile coffee system, and refrigerator drawers guarantees effortless entertaining on any scale.
Adjacent the $400,000 Joanne Hudson kitchen, was voted HGTV’s best kitchen in America. This sophisticated space provides a stunning island that seats 8, a custom hood, stainless steel oyster bar with built-in drains, steamer, fryer, ultra sonic cooktop, wolf gas stove and grill and more! While enjoying your gourmet creation, the dining room offers the perfect vantage point to take in one of LBI’s spectacular sunsets.
The main floor continues to 2 additional living rooms, 2 brand new voluminous master suites with baths, 2 laundry rooms and a guest bath.
Ascending the staircase or elevator leads to the ultra-luxurious master suite with private bay front balcony, two master baths, and sitting area. The bay front wing continues with it’s own private access to two generously sized en suites wth baths.
To embrace the visual symmetry and functionality of the residence, the west wing mirrors this space, offering 2 en suites that face the lagoon front. Along the lagoon front the 8th and 9th bedroom offer spacious accommodations and can be accessed via the elevator or private stairs. This stunning master en suite enjoys outdoor access to the pool and an interior bedroom has access to the elevator and main stairs.
The comfortable open flow continues to the ground floor where things hit a new high. The brand new entertainment space commands attention & awe, while inviting carefree coastal living to grand entertaining. Two stunning sitting areas, a dining area, a new gym and guest bath are all backdropped by the outdoor terraces, pool and bay.
3 sets of French doors join to the expansive resort-style outdoor entertainment space which invites relaxing by the saltwater pool, in one of 3 sitting areas. The 25-meter Anthony/Sylvan pool is picturesquely situated on the south side of the property, and the bay front boasts a professional-style summer outdoor kitchen with wrap-around bar, a rectangular gas-fed fire pit, a spa/hot tub garden, and professionally landscaped gardens.
The 108.00 x 110.00 property offers 273 ft. of lifetime vinyl bulkhead with four personal watercraft ports, an 80 ft. dock for boats on the lagoon side, and a 60 ft. slip for your yacht - bayside.
To access the property an inviting entrance and 4 garages (with heat &); designed for 8-10 cars with heat and cooling, lead you to the entrance. Take the elevator to the roof top stairs where on a clear day you can see for miles…and sunsets are the way they are supposed to be.
Last Agent to Sell the Property
Coastal Living Real Estate Group License #9231521 Listed on: 06/30/2022
Last Buyer's Agent
Coastal Living Real Estate Group License #9231521 Listed on: 06/30/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $46,199
Year Built
- Built in 2016 | Newly Remodeled
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 108.00 x 110.00
- 273 Feet of Waterfront
- Home fronts navigable water
- Property Fronts a Bay or Harbor
- Cul-De-Sac
- Corner Lot
- Property is in excellent condition
- Property is zoned R50A
Parking
- 10 Car Attached Garage
- Garage Door Opener
- Parking available for a boat
Home Design
- Wood Siding
- Piling Construction
- Masonry
Interior Spaces
- Property has 3 Levels
- Elevator
- Wet Bar
- Recessed Lighting
- Stone Fireplace
- Double Door Entry
- French Doors
- Sliding Doors
- Ceramic Tile Flooring
- Bay Views
- Home Security System
Kitchen
- Breakfast Area or Nook
- Built-In Double Oven
- Gas Oven or Range
- Cooktop<<rangeHoodToken>>
- <<builtInMicrowave>>
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 9 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- Walk-in Shower
Pool
- Heated Lap Pool
- Heated In Ground Pool
- Outdoor Shower
Outdoor Features
- Water Access
- Property near a bay
- Bulkhead
- Deck
- Patio
- Terrace
- Porch
Location
- Flood Risk
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- The Dunes Subdivision
Listing and Financial Details
- Tax Lot 00001
- Assessor Parcel Number 18-00008 17-00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2022
Closed on
Feb 18, 2023
Sold by
Richard J Egan Qualified Personal Reside
Bought by
Lauber Bay Home Llc
Seller's Agent
Bonnie Wells
Coastal Living Real Estate Group
Buyer's Agent
Bonnie Wells
Coastal Living Real Estate Group
List Price
$8,500,000
Sold Price
$8,000,000
Premium/Discount to List
-$500,000
-5.88%
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$173,173
Avg. Annual Appreciation
-1.33%
Original Mortgage
$5,500,000
Outstanding Balance
$5,399,968
Interest Rate
8%
Mortgage Type
New Conventional
Estimated Equity
$2,351,483
Purchase Details
Closed on
Aug 23, 2022
Sold by
Richard J Egan Trust
Bought by
Given Not
Purchase Details
Closed on
Sep 20, 2019
Sold by
Egan Richard
Bought by
Biwald Shana E and Camastro Brittany R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,735,000
Interest Rate
2.75%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 18, 2017
Closed on
Jan 25, 2018
Sold by
Burris Linda and Burris William
Bought by
Egan Richard
Seller's Agent
Bonnie Wells
Coastal Living Real Estate Group
Buyer's Agent
Bonnie Wells
Coastal Living Real Estate Group
List Price
$5,995,000
Sold Price
$4,350,000
Premium/Discount to List
-$1,645,000
-27.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%
Original Mortgage
$2,827,500
Interest Rate
3.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 10, 2003
Sold by
Brogdon James
Bought by
Burris Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
6.11%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lauber Bay Home Llc | $8,000,000 | Westcor Land Title | |
| Given Not | -- | Raban James S | |
| Biwald Shana E | -- | None Available | |
| Egan Richard | $4,350,000 | -- | |
| Burris Linda | $1,450,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lauber Bay Home Llc | $5,500,000 | |
| Previous Owner | Egan Richard | $2,735,000 | |
| Previous Owner | Egan Richard | $2,827,500 | |
| Previous Owner | Burris William G | $362,500 | |
| Previous Owner | Burris Linda | $3,500,000 | |
| Previous Owner | Burris Linda | $229,053 | |
| Previous Owner | Burris William | $2,400,000 | |
| Previous Owner | Burris Linda | $0 | |
| Previous Owner | Burris William G | $1,370,000 | |
| Previous Owner | Burris Linda A | $1,000,000 | |
| Previous Owner | Burris Linda | $2,500,000 | |
| Previous Owner | Burris Linda | $1,240,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2023 02/24/23 | Sold | $8,000,000 | -5.9% | $602 / Sq Ft |
| 08/18/2022 08/18/22 | Pending | -- | -- | -- |
| 06/30/2022 06/30/22 | For Sale | $8,500,000 | +95.4% | $640 / Sq Ft |
| 01/19/2018 01/19/18 | Sold | $4,350,000 | -27.4% | $435 / Sq Ft |
| 10/02/2017 10/02/17 | Pending | -- | -- | -- |
| 02/18/2017 02/18/17 | For Sale | $5,995,000 | -- | $600 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $50,843 | $6,184,000 | $1,546,800 | $4,637,200 |
| 2023 | $47,690 | $5,732,000 | $1,546,800 | $4,185,200 |
| 2022 | $47,690 | $5,732,000 | $1,546,800 | $4,185,200 |
| 2021 | $46,200 | $5,732,000 | $1,546,800 | $4,185,200 |
| 2020 | $36,797 | $3,701,900 | $1,228,500 | $2,473,400 |
| 2019 | $36,451 | $3,634,200 | $1,228,500 | $2,405,700 |
| 2018 | $35,276 | $3,625,500 | $1,228,500 | $2,397,000 |
| 2017 | $35,499 | $3,629,800 | $1,228,500 | $2,401,300 |
| 2016 | $9,318 | $945,000 | $945,000 | $0 |
| 2015 | $9,308 | $945,000 | $945,000 | $0 |
| 2014 | $16,659 | $1,733,500 | $945,000 | $788,500 |
Source: Public Records
Agents Affiliated with this Home
-
Bonnie Wells
Map
Source: Bright MLS
MLS Number: NJOC2011264
APN: 18-00008-17-00001
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