NOT LISTED FOR SALE

Estimated Value: $7,087,000 - $8,443,850

7 Beds
7.5 Baths
8,080 Sq Ft
$939/Sq Ft Est. Value

Sale Details

Date Sold: February 12, 2021

Last sale price $4,000,000 $495 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $45,621 / mo

50 Days on Market

Highlights

  • 203 Feet of Waterfront
  • Guest House
  • Second Kitchen
  • Beach Haven School Rated A
  • Access to Tidal Water
  • Heated In Ground Pool

About This Home

As of February 2021

Unparalleled Bayfront Property in beach Haven. A privately gated, family generational compound located in the Webster Lagoon tract on LBI. One of the top estates on the Jersey Shore, boasting over 1 acre of lusciously landscaped property, over 240 ft of water frontage, and 2 boat slips to accommodate both a small boat and a large yacht. The open floor plan of the main house encompasses 7,600 sq ft of utter opulence. With 4 bedrooms, 4.5 baths, an exercise facility, formal dining room, a chef's kitchen, and billiards room- there is plenty of open space for your family to mingle and spread out. A spectacular 700 sq ft sunset room, complete with floor to ceiling stone fireplace, along with a commercial grade grill and kitchen area plays host to family and friends for your large gatherings. Endless summer days can be spent by the beautiful screened in bayfront pool, while multiple large decks offer unparalleled views of Mordecai Island and the intercoastal waterway, as well as the evening lights of Beach Haven. The private guest cottage features two separate suites for extended family and guests. Each suite features its own private entryways, balconies, bedrooms, private kitchens, and baths. An elaborate outside shower as well as a guest locker room provides additional amenities that certainly come in handy on those busy holiday weekends. The elaborate custom workmanship of this estate is too voluminous to list, and nothing was spared in the design and construction of this home. This prestigious waterfront estate sits on one of LBI's highest points. The privacy and serenity of this property is not found anywhere else on LBI; and current building code restricts duplicating this one of a kind property.

Last Agent to Sell the Property

Edward Freeman Sr

(609) 900-3534 edwardfreeman@remax.net Freeman & Company Real Estate License #0562673 Listed on: 10/21/2020

Freeman & Company Real Estate

Last Buyer's Agent

Craig Stefanoni

(609) 492-7277 cstefanoni@zackshore.com BHHS Zack Shore REALTORS License #8437113

BHHS Zack Shore REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,818

Year Built

  • Built in 1994

Lot Details

  • 40,600 Sq Ft Lot
  • Lot Dimensions are 203.00 x 200.00
  • 203 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Property is in excellent condition
  • Property is zoned RSA

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Fiberglass Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 8,080 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Stone Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Transom Windows
  • Casement Windows
  • Double Door Entry
  • Sliding Doors
  • Dining Area
  • Bay Views

Kitchen

  • Gourmet Kitchen
  • Kitchenette
  • Second Kitchen
  • Breakfast Area or Nook
  • Built-In Double Oven
  • Gas Oven or Range
  • Commercial Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Bulkhead
  • Deck
  • Exterior Lighting

Additional Homes

  • Guest House

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Beach Haven Webster Lagoon Subdivision

Listing and Financial Details

  • Tax Lot 30.06
  • Assessor Parcel Number 04-00001-00030 06

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,818

Year Built

Built in 1994

Lot Details

0.93 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Reverse
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1994
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven - Double, Oven - Wall, Oven/Range - Gas, Refrigerator, Washer, Water Heater, Range Hood, Commercial Range
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: Breakfast Area, Crown Moldings, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Recessed Lighting, Window Treatments, Stall Shower, Walk-In Closet(s), Wood Floors, 2nd Kitchen, Built-Ins, Ceiling Fan(s), Dining Area, Exposed Beams, Kitchen - Gourmet, Kitchenette, Primary Bath(s), Soaking Tub, Upgraded Countertops, Wet/Dry Bar
  • Window Features: Casement, Insulated, Transom
  • Fireplace Features: Gas/Propane, Stone
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Double Entry, Sliding Glass
  • Foundation Details: Pilings
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 8080
  • Living Area Sq Ft: 8080
  • Price Per Sq Ft: 531.56
  • Above Grade Finished Sq Ft: 8080
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 7
  • All Lower Level Bedrooms: 4
  • Total Bathrooms: 8
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 4
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 4.00
  • Lower Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Guest House
  • Construction Materials: Wood Siding
  • Exterior Features: Exterior Lighting, Lawn Sprinkler, Outside Shower
  • Pool Features: Heated, In Ground
  • Roof: Fiberglass
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 203

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Fencing: Partially
  • Improvement Assessed Value: 1110100.00
  • Land Assessed Value: 2887900.00
  • Lot Features: Cul-De-Sac, Level, Bulkheaded
  • Lot Size Acres: 0.93
  • Lot Dimensions: 203.00 x 200.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 40600.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Zoning: RSA

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2827999
  • Tax Annual Amount: 44818.00
  • Assessor Parcel Number: 04-00001-00030 06
  • Tax Lot: 30.06
  • Tax Data Updated: No
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Feb 10, 2021
Sold by
Garofolo Nicholas P and Garofolo Diane
Bought by
1900 Virginia Llc
Seller's Agent
Edward Freeman Sr
Freeman & Company Real Estate
Buyer's Agent
Craig Stefanoni
BHHS Zack Shore REALTORS
List Price
$4,295,000
Sold Price
$4,000,000
Premium/Discount to List
-$295,000
-6.87%
Current Estimated Value
$7,588,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,588,950
Avg. Annual Appreciation
13.03%

Purchase Details

Closed on
Oct 9, 2002
Sold by
Garvey Thomas E
Bought by
Garofolo Nicholas P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.2%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1900 Virginia Llc $4,000,000 Surety Title
Garofolo Nicholas P $3,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garofolo Nicholas P $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2021 02/12/21 Sold $4,000,000 -6.9% $495 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $4,295,000 -- $532 / Sq Ft
Source: Bright MLS

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
2025 $64,626 $4,532,000 $2,887,900 $1,644,100
2024 $48,416 $3,998,000 $2,887,900 $1,110,100
2023 $44,978 $3,998,000 $2,887,900 $1,110,100
2022 $44,978 $3,998,000 $2,887,900 $1,110,100
2021 $43,858 $3,998,000 $2,887,900 $1,110,100
2020 $44,818 $3,998,000 $2,887,900 $1,110,100
2019 $43,538 $3,998,000 $2,887,900 $1,110,100
2018 $45,057 $3,998,000 $2,887,900 $1,110,100
2017 $43,018 $3,998,000 $2,887,900 $1,110,100
2016 $46,952 $3,540,900 $2,044,800 $1,496,100
2015 $44,934 $3,540,900 $2,044,800 $1,496,100
2014 $42,491 $3,540,900 $2,044,800 $1,496,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC404318

Bright MLS

APN: 04-00001-0000-00030-06

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