NOT LISTED FOR SALE

Estimated Value: $6,558,616 - $9,286,000

1.38 Acres
$5,989,786 Price per Acre
60,113 Sq Ft Lot

Sale Details

Date Sold: March 16, 2026

Last sale price $8,425,000 $4,027 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $47,285 / mo

339 Days on Market

About This Lot

As of March 2026

One-of-a-kind opportunity to purchase an Oceanfront property in the South End of Avalon which is situated closer to the Ocean than other adjacent oceanfront properties. This location gives spectacular, unobstructed views of the Ocean, Beach, and Dunes from all 3 sides of the property. These views will be enhanced greatly when a new 3 story oceanfront home is constructed on this site. This property is being sold as an Oceanfront Lot (demolition of existing home will be Buyer’s responsibility) located in the South end of Avalon which offers an excellent opportunity to build a new 3 story home with a maximum size of 4,713 square feet as shown on the Conceptual Plot Plan dated 10/18/23 in Associated Documents. Also as noted on the Conceptual Plot Plan, the rear yard shows the Approximate Toe of the Dune which restricts the use of much of the rear yard. Therefore, Buyer will have to decide whether to install a pool or hot tub, depending upon the configuration of the home that will be constructed on the site within the designated area of the building footprint. Sale is contingent upon Seller receiving an acceptable CAFRA Permit from the State of NJ based upon the Conceptual Plot Plan prepared by Thomas Amey Shaw dated 10/18/23. The tax map in the Associated Documents shows the lot location which is highlighted in yellow. Lot size is 60’ x 110’ plus an additional 30’ x 20’. The tax map also shows location of the Dune Line Ordinance No. 442 is between lots 44.01- 87 and 46-89 which requires retention of the oceanfront deck and the East and South walls and meeting all the requirements of CAFRA BY RULE (which it does). Additional decks are permitted on the East, South and North sides of the home. As indicated on the tax map and in the pictures, you will see that there are unobstructed views on the North and South sides of the lot because of being 20’ closer to the ocean than the adjacent oceanfront properties. The Buyer has 2 options: 1. Live in the existing home and build a new home in the future; or 2. Demolish the existing home after all required building conditions are satisfied and build a new home. Rendering of new Home that can be Constructed on this Site is in the Photos.

Last Agent to Sell the Property

William Leahy

LONG & FOSTER REAL ESTATE, INC av Listed on: 01/17/2025

LONG & FOSTER REAL ESTATE, INC av

Last Buyer's Agent

Tim McLaughlin

MONIHAN REALTY, INC License #8632909

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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $40,678

Lot Details

  • Beach Front
  • Property is zoned R1B

Additional Features

  • Property near a bay
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 42 / 64

Property Details

Property Type

Land

Est. Annual Taxes

$40,678

Listing Details

  • Class: LOTS/LAND
  • Type: Vacant Lot
  • Location: Beach Front
  • District Township: 01-Avalon Borough
  • Near: Ocean
  • Bay Proximity: 4 Blocks
  • Lot Size2: 60 x 110 +
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 60

Lot Info

  • Lot Number: 42
  • Lot Size: 6000 to 10000 SqFt
  • Sub Block: 03
  • Total Assessment: 6679400
  • Zoning: R1B
  • Improvements: Paved Road, Curb, Sidewalk, Gas, Electric, Water, Sewer, Cable TV
  • Specific Lot Information: Other (See Remarks)
  • Zoning: Residential

Tax Info

  • Taxes: 40677.55
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2025
Closed on
Mar 12, 2026
Sold by
Bought by
Seller's Agent
William Leahy
LONG & FOSTER REAL ESTATE, INC av
Buyer's Agent
Tim McLaughlin
MONIHAN REALTY, INC
List Price
$9,250,000
Sold Price
$8,425,000
Premium/Discount to List
-$825,000
-8.92%
Views
146
Current Estimated Value
$8,265,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$159,096
Avg. Annual Appreciation
-4.89%

Purchase Details

Closed on
Oct 16, 2019
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$8,425,000 Title Company Of Jersey
-- --
$100,000 None Available
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/16/2026 03/16/26 Sold $8,425,000 -8.9% $4,027 / Sq Ft
12/22/2025 12/22/25 Pending -- -- --
07/29/2025 07/29/25 For Sale $9,250,000 0.0% $4,422 / Sq Ft
07/29/2025 07/29/25 Price Changed $9,250,000 -5.1% $4,422 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
01/17/2025 01/17/25 For Sale $9,750,000 -- $4,661 / Sq Ft
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $41,012 $6,679,400 $6,500,000 $179,400
2025 $41,012 $6,679,400 $6,500,000 $179,400
2024 $41,012 $6,679,400 $6,500,000 $179,400
2023 $40,678 $6,679,400 $6,500,000 $179,400
2022 $37,939 $6,679,400 $6,500,000 $179,400
2021 $25,549 $6,679,400 $6,500,000 $179,400
2020 $35,134 $6,679,400 $6,500,000 $179,400
2019 $34,065 $6,679,400 $6,500,000 $179,400
2018 $32,595 $6,679,400 $6,500,000 $179,400
2017 $29,245 $5,259,900 $5,000,000 $259,900
2016 $28,929 $5,259,900 $5,000,000 $259,900
2015 $28,456 $5,259,900 $5,000,000 $259,900
2014 $28,140 $5,259,900 $5,000,000 $259,900
Source: Public Records

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 250146

Cape May County Association of REALTORS®

APN: 01-00064-03-00042

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