50
See all 50 photos
$3,999,000
Est. payment /mo
6 Beds
5.5 Baths
Price Dropped by $176K
2118 First Ave Avalon Boro, NJ 08202
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 588143
Style 3 Story
Bedrooms 6
Full Baths 5
Half Baths 1
Year Built 2005
Annual Tax Amount $10,665
Tax Year 2022
Property Sub-Type Single Family
Property Description
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!
Location
State NJ
County Cape May
Community Avalon Boro
Area Avalon Boro
Location Details Corner
Rooms
Other Rooms Den/TV Room, Dining Area, Great Room, Laundry/Utility Room, Loft, Pantry, Primary BR on 1st floor
Interior
Interior Features Bar
Heating Forced Air, Gas-Natural, Multi-Zoned
Flooring Tile, Wood
Exterior
Exterior Feature Vinyl
Parking Features One Car, Detached Garage
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Virtual Tour https://drive.google.com/file/d/1AeEJ7o0qnyTbpY3ZT-sGgVQUZ_VRHJ8N/view?usp=drive_link
Listed by VRA Realty, LLC
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