2118 First Ave Avalon, NJ 08202
Estimated payment $22,196/month
Highlights
- In Ground Pool
- Deck
- Wood Flooring
- Avalon Elementary School Rated A
- Cathedral Ceiling
- Main Floor Primary Bedroom
About This Home
Prime Avalon Luxury Retreat – A Rare Turnkey Investment & Lifestyle Opportunity! Welcome to 2118 1st Ave, Avalon, NJ—a meticulously renovated luxury beach home just two blocks from the beach, offering luxury living, strong investment potential, and a partial ocean view from the third-floor balcony. Spanning 3,378 sq. ft. across three floors, this 6-bedroom, 5.5-bath residence features high-end finishes, designer details, and multiple master suites, making it ideal for personal use or as a high-performing short-term luxury rental. This property is already operating as a top-tier short-term luxury rental, with strong bookings in place for multiple seasons, offering a rare opportunity for immediate cash flow. For qualified buyers, the seller is open to transferring ownership via the LLC that holds the property, which may offer potentially significant savings at closing (consult with your tax advisor). Additionally, the seller is willing to offer owner financing and is open to remaining involved in property management, ensuring a seamless transition for investors looking to maximize returns. Designed for both entertaining and relaxation, the home features a gourmet chef’s kitchen with Bosch stainless steel appliances, quartz countertops, and an oversized island. Expansive outdoor spaces include multiple decks, a heated pool with hot tub conversion, and a full outdoor kitchen with a built-in grill, sink, and seating area. A unique poolside garage, accessible from both ends, functions as a poolside cabana with seating, a TV, and a mini fridge while also providing ample storage for all of your beach and pool equipment. The home is being sold fully furnished with all professional designer-selected furnishings, allowing for a truly turnkey experience. To ensure years of worry-free enjoyment, the home is equipped with dual-zone HVAC and newer mechanical systems, including a tankless hot water heater and HVAC on the main floor replaced in 2023, a new coil and condenser on the upstairs furnace replaced in 2021, and a hot water heater on the third floor replaced in 2020. Located just steps from Avalon’s best beaches, dining, and entertainment, this property offers the perfect combination of coastal luxury and investment potential. Whether you’re looking for a smart investment, a private coastal retreat, or a blend of both, this Avalon gem delivers exceptional value and versatility. Schedule your private tour today and experience the Avalon lifestyle for yourself!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,665
Year Built
- Built in 2005
Lot Details
- Lot Dimensions are 60 x 84
- Fenced Yard
- Corner Lot
Parking
- Garage
Home Design
- Vinyl Siding
Interior Spaces
- 3,378 Sq Ft Home
- 3-Story Property
- Bar
- Cathedral Ceiling
- Ceiling Fan
- Living Room
- Dining Room
- Den
- Loft
Kitchen
- Stove
- Range
- Microwave
- Bosch Dishwasher
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 5 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- In Ground Pool
- Spa
- Outdoor Shower
Outdoor Features
- Deck
- Enclosed Patio or Porch
- Outdoor Grill
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Water Heated On Demand
Listing and Financial Details
- Legal Lot and Block 24 / 21.03
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,529 | $1,930,500 | $825,300 | $1,105,200 |
| 2024 | $11,529 | $1,877,700 | $825,300 | $1,052,400 |
| 2023 | $11,435 | $1,877,700 | $825,300 | $1,052,400 |
| 2022 | $10,665 | $1,877,700 | $825,300 | $1,052,400 |
| 2021 | $7,839 | $1,877,700 | $825,300 | $1,052,400 |
| 2020 | $7,858 | $1,494,000 | $825,300 | $668,700 |
| 2019 | $7,619 | $1,494,000 | $825,300 | $668,700 |
| 2018 | $7,291 | $1,494,000 | $825,300 | $668,700 |
| 2017 | $7,662 | $1,378,100 | $640,700 | $737,400 |
| 2016 | $7,571 | $1,376,600 | $640,700 | $735,900 |
| 2015 | $7,447 | $1,376,600 | $640,700 | $735,900 |
| 2014 | $7,365 | $1,376,600 | $640,700 | $735,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $3,999,000 | -4.2% | $1,184 / Sq Ft |
| 03/07/2025 03/07/25 | Price Changed | $4,175,000 | -0.6% | $1,236 / Sq Ft |
| 08/14/2024 08/14/24 | For Sale | $4,199,999 | +180.0% | $1,243 / Sq Ft |
| 03/22/2019 03/22/19 | Sold | $1,500,000 | -9.0% | $431 / Sq Ft |
| 02/22/2019 02/22/19 | Pending | -- | -- | -- |
| 09/14/2018 09/14/18 | For Sale | $1,649,000 | -- | $474 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | New Conventional | |
| Open | $1,600,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $100,000 | Unknown |
Source: Cape May County Association of REALTORS®
MLS Number: 242381
APN: 01-00021-03-00024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.
- 55 22nd St W
- 2025 Dune Dr Unit R7
- 174 23rd St
- 161 24th St
- 178 19th St
- 234 21st St Unit 104
- 234 21st St Unit 204
- 211 23rd St
- 66 20th St E Unit C108
- 56 22nd St E
- 65 24th St E
- 2311 Ocean Dr Unit 2311
- 2313 Ocean Dr Unit 2313
- 12 E 17th St
- 53 25th St E
- 73 25th St E
- 83 25th St E
- 179 27th St
- 367 21st St
- 74 26th St E
- 28 40th St
- 2701 N Route 9
- 236 S Bayview Dr
- 309 Surf Ave Unit 13
- 501 Cedar Ave
- 65 Route 50
- 206 E Magnolia Ave
- xx4 Pacific
- 101 E Oak Ave
- 124 W Youngs Ave
- 5411 Asbury Ave
- 109 Brigantine Dr
- 113 E Rio Grande Ave
- 422 W Hand Ave Unit 102
- 422 W Hand Ave
- 404 50th St
- 102 Teal Rd
- 6109 Atlantic Ave Unit 100
- 823 Periwinkle Dr Unit 823
- 213 E Syracuse Ave