$13,375,000
PENDING NEW CONSTRUCTION

481 42nd St Avalon, NJ 08202

Estimated payment $80,645/month

Total Views 2,005
7 Beds
7 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • In Ground Pool
  • Avalon Elementary School Rated A
  • New Construction
  • Deck

About This Home

Avalon’s Most Stunning New Construction Bayfront Home — Welcome to 481 42nd Street, an extraordinary Bayfront masterpiece nestled in the prestigious fingers section of Avalon. This newly constructed 7-bedroom, 7 full bath plus 2 powder room custom home spans 6,400 square feet with an additional 1,000+ square feet of covered decks on a generous (60’ X 155’ with uplands measuring 60’ x 127’) lot with sweeping, unobstructed views of the open bay. Brought to life by the celebrated team of Brandywine Developers, Asher Slaunwhite + Partners Architecture, and Megan Gorelick Interiors, every inch of this coastal contemporary residence has been thoughtfully designed to deliver timeless luxury and elevated comfort. From the moment you enter the grand foyer, you're met with architectural sophistication, natural light, and impeccable craftsmanship. The first floor features a spacious family room with custom fireplace and wet bar, a gym, two en-suite bedrooms including a spectacular bunk room, laundry/mudroom, and direct access to an expansive outdoor deck complete with a covered lounge area and fireplace—perfect for entertaining. An elevator and a dramatic double-height staircase with oversized windows connect all three levels, creating a light-filled core throughout the home. Follow the sun drenched staircase to the second floor to experience more of the elegant, professionally designed home. Enjoy views of the neighboring bay basin to the south from the custom built-in desk or seated on the front viewing well deck. Three additional beautifully appointed en-suite bedrooms and an elegant bar that flows into the open concept kitchen, dining and living area await you. The chef’s kitchen boasts top-of-the-line appliances, specially designed cabinetry by Hargest Custom Cabinetry, and a generous walk-in pantry. The wall of glass overlooking gorgeous water views is the ideal location for family and friends to enjoy. Additional endless seating spills out onto the covered outdoor deck from which to enjoy panoramic sunsets, made even more comfortable with motorized screens for added privacy and protection. Ascend to the third floor to experience a master’s suite dream. The third floor is dedicated to a luxurious primary suite that includes a spacious master bedroom featuring breathtaking water views, a spa-like bathroom with dual vanities and dual water closets flanked by custom waterfall cabinetry and coffee bar, two walk-in custom built closets, a private sauna for the ultimate relaxation, a secondary laundry room, and seventh en-suite bedroom, flex space, and/or office for additional personal sanctuary area. Outside of this one-of-a-kind home, the generous property continues to impress. You’ll find a stunning 26’ X 12’ saltwater spa/pool, a sunken firepit lounge, and premium marble decking that frames uninterrupted views of the bay. Unique private dockage configuration that could facilitate 3-4 boat slips (pending size of watercraft) provides effortless access to the water for boating, paddle boarding, jet skiing, or simply enjoying life on the bay. Additional amenities include: an outdoor shower, gas lines run for grilling station off first and second floors for customization, an oversized 2-car garage with additional ample off street parking and added storage for those needed beach and bay toys. 481 42nd Street is conveniently located moments to town...providing for easy access to countless restaurants and shops. Enjoy morning activities on the nearby beaches, just minutes away, before coming home to enjoy a lazy afternoon by the pool. This is a rare opportunity to own a one-of-a-kind estate in 7 Mile Island’s most sought-after waterfront locations. Whether you're entertaining guests or enjoying peaceful sunsets from your private deck, this home is the ultimate expression of Avalon luxury.

Listing Agent

Stephen Frame

DILLER FISHER REALTORS License #8833010 Listed on: 07/31/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $99,999

Year Built

  • Built in 2025 | New Construction

Lot Details

  • Property Fronts a Bay or Harbor
  • Fenced Yard

Home Design

  • Cottage
  • Upside Down Style Home

Interior Spaces

  • 2-Story Property
  • Furnished
  • Bar
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Water Views
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Bulkhead
  • Docks
  • Deck
  • Patio
  • Porch

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 61 / 89

Home Details

Home Type

Single Family

Est. Annual Taxes

$99,999

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Water View, Bulk Head
  • District Township: 01-Avalon Borough
  • Also Includes: Drapes, Curtains, Blinds, Fireplace Equipment, Furniture
  • Estimated Year Built: 2025
  • New Construction: Yes
  • Second Address Number: 481
  • Lot Size2: 9300 sq ft
  • Selling Agent1: 195
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2025

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Wine Cooler
  • Interior Amenities: Bar, Fireplace- Gas, Smoke/Fire Alarm
  • Total Bathrooms: 7.2
  • Full Bathrooms: 7
  • Bedrooms: 7
  • Total Rooms: 11
  • Other Rooms: Living Room, Dining Room, Kitchen, Recreation/Family, Laundry/Utility Room

Exterior Features

  • Construction: Two Story, Upside Down, Cottage
  • Outside Features: Patio, Deck, Porch, Fenced Yard, Dock, Cable TV, Sidewalks, Outside Shower, In Ground Pool, See Remarks

Utilities

  • Cooling: Central Air Condition, Multi Zoned
  • Heating: Gas Natural
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 61
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 99999
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $11,666 $1,900,000 $1,900,000 --
2024 $11,666 $1,900,000 $1,900,000 $0
2023 $12,195 $2,002,500 $1,900,000 $102,500
2022 $11,374 $2,002,500 $1,900,000 $102,500
2021 $10,612 $2,002,500 $1,900,000 $102,500
2020 $10,533 $2,002,500 $1,900,000 $102,500
2019 $10,213 $2,002,500 $1,900,000 $102,500
2018 $9,772 $2,002,500 $1,900,000 $102,500
2017 $10,660 $1,917,300 $1,805,000 $112,300
2016 $10,545 $1,917,300 $1,805,000 $112,300
2015 $10,373 $1,917,300 $1,805,000 $112,300
2014 $10,258 $1,917,300 $1,805,000 $112,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 Pending -- -- --
07/31/2025 07/31/25 For Sale $13,375,000 +204.0% --
09/29/2023 09/29/23 Sold $4,400,000 -8.2% --
08/24/2023 08/24/23 Pending -- -- --
07/14/2023 07/14/23 Price Changed $4,795,000 -4.0% --
06/09/2023 06/09/23 For Sale $4,995,000 +25.0% --
10/14/2022 10/14/22 Sold $3,995,000 0.0% --
08/25/2022 08/25/22 Pending -- -- --
08/19/2022 08/19/22 Price Changed $3,995,000 -6.0% --
07/30/2022 07/30/22 For Sale $4,249,000 -- --
Source: Cape May County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Listed On Document
Bargain Sale Deed $4,400,000 Oceans Edge Settlement Service
Bargain Sale Deed $3,995,000 Seaboard Title
Deed $471,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Future Advance Clause Open End Mortgage
Previous Owner $296,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Previous Owner $304,000 Unknown
Previous Owner $305,000 Fannie Mae Freddie Mac
Previous Owner $311,500 No Value Available
Source: Public Records

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Source: Cape May County Association of REALTORS®

MLS Number: 252233

Cape May County Association of REALTORS®

APN: 01-00089-0000-00061