2488 Avalon Ave Avalon, NJ 08202
Estimated payment $6,986/month
Highlights
- Water Views
- In Ground Pool
- Deck
- Avalon Elementary School Rated A
- Property is near a beach
- 4-minute walk to Surfside Park
About This Home
New co-ownership opportunity by Pacaso: Own one-eighth of Avalon, a professionally managed, turnkey home. Avalon is a casual yet elegant new construction home on a corner lot just a block from the beach and a short walk to the heart of town. The home has a private pool with a cabana, two outdoor showers and covered decks. The ground level features three spacious bedrooms with en suite bathrooms and a family room with a wet bar, opening to a covered deck, the pool, and the cabana. A mudroom, powder room and laundry complete the first floor. The bright second-floor great room has vaulted ceilings, a wet bar with a beverage fridge, and multiple glass doors that open to a deep wraparound deck with ocean views. The chef’s kitchen features Sub-Zero and Wolf appliances, quartz countertops, a backsplash, and a waterfall island. Completing the second floor are two guest bedrooms with en suite bathrooms, a powder room and a walk-in pantry. The third floor is a private enclave. A seating area with a beverage fridge adjoins the spacious primary bedroom. The luxurious en suite bathroom has a two-sink vanity, a lighted makeup area, a toilet closet and an indoor shower with a door to an outdoor shower. This level also has a separate flex area with an internal window that offers a view down to the living room. The home comes fully furnished and professionally decorated.
Property Details
Property Type
- Other
Year Built
- Built in 2022
Lot Details
- Lot Dimensions are 60x110
- Fenced Yard
- Corner Lot
Parking
- 3 Car Garage
Home Design
- Fractional Ownership
- Slab Foundation
- Wood Siding
Interior Spaces
- 4,545 Sq Ft Home
- 3-Story Property
- Elevator
- Furnished
- Bar
- Cathedral Ceiling
- Gas Fireplace
- Blinds
- Drapes & Rods
- Great Room
- Living Room
- Dining Area
- Den
- Screened Porch
- Storage
- Water Views
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Oven
- Stove
- Range
- Microwave
- Dishwasher
- Wine Cooler
- Disposal
Flooring
- Wall to Wall Carpet
- Marble
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- 6 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Property is near a beach
- Property near a bay
- Deck
- Outdoor Storage
- Outdoor Grill
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 1.01 / 24.01
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 | $23,234 | $3,784,100 | $1,285,000 | $2,499,100 |
| 2024 | $23,234 | $3,784,100 | $1,285,000 | $2,499,100 |
| 2023 | $23,045 | $3,784,100 | $1,285,000 | $2,499,100 |
| 2022 | $21,494 | $3,784,100 | $1,285,000 | $2,499,100 |
| 2021 | $7,029 | $1,285,000 | $1,285,000 | $0 |
| 2020 | $6,805 | $1,293,800 | $1,285,000 | $8,800 |
| 2019 | $6,598 | $1,293,800 | $1,285,000 | $8,800 |
| 2018 | $6,314 | $1,293,800 | $1,285,000 | $8,800 |
| 2017 | $5,617 | $1,010,300 | $995,500 | $14,800 |
| 2016 | $5,557 | $1,010,300 | $995,500 | $14,800 |
| 2015 | $5,466 | $1,010,300 | $995,500 | $14,800 |
| 2014 | $5,405 | $1,010,300 | $995,500 | $14,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/25/2026 03/25/26 | For Sale | $959,000 | -84.0% | $211 / Sq Ft | |
| 04/25/2022 04/25/22 | Sold | $6,000,000 | -3.1% | $1,320 / Sq Ft | View Prior Sale |
| 03/30/2022 03/30/22 | Pending | -- | -- | -- | |
| 02/18/2022 02/18/22 | For Sale | $6,195,000 | +202.2% | $1,363 / Sq Ft | |
| 04/17/2020 04/17/20 | Sold | $2,050,000 | -2.1% | $1,864 / Sq Ft | View Prior Sale |
| 02/25/2020 02/25/20 | Pending | -- | -- | -- | |
| 02/17/2020 02/17/20 | For Sale | $2,095,000 | -- | $1,905 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $6,000,000 | Seaboard Title | |
| Deed | $2,050,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $4,200,000 | Construction |
Source: Cape May County Association of REALTORS®
MLS Number: 260737
APN: 01 00024- 02-00001- 01
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Ask me questions while you tour the home.