Rare double oceanfront lot hits Jersey Shore market at $25M. Will new owners tear the houses down?
A double oceanfront lot with two houses was just listed for sale in Stone Harbor.
The homes have a combined total of 10 bedrooms, five full and two half bathrooms. They're listed for sale for $24,995,000 -- a price that would break a record for Stone Harbor.
Jack Vizzard, the listing agent from BHHS Fox & Roach Avalon, thinks the buyer will likely tear down the existing homes and build one large house.
'I think it's more elegant to have one massive, single home,' he said. 'Then the whole family is all under one roof.'
Oceanfront lots at the Jersey Shore rarely come up for sale. Double oceanfront lots are even more of an anomaly.
A nearly 2.5 acre lot in the Harvey Cedars section of Long Beach Island was listed for $21 million last September and is under contract.
A .30 acre oceanfront lot in Stone Harbor that was part of a former nun's retreat was listed two years ago for $14 million and sold for $11.25 million.
And Vizzard sold a 1,200-square-foot cottage on an oceanfront lot in Stone Harbor in October 2023 for $10 million. The buyer planned to tear down the 1950s cottage and build something new, so the high price was for the coveted land.
Vizzard used those listings and a new build in Avalon to come up with the price tag for the double lot with two homes.
'It's not a perfect science,' he said. 'It's not apples to apples because this is so rare.'
The median sales price of a home in Stone Harbor was $5,995,000 in June, according to the most recent data available from New Jersey Realtors.
Stone Harbor was ranked the 5th highest priced zip code in New Jersey and the 70th in the country by Property Shark, a real estate data company.
What really makes the property special, Vizzard said, is that it has an extra 15 feet of land on the ocean side that was an easement. It still belongs to the town but it's unused. 'Kids can play tag there,' he said. 'You can plant flowers.'
The homes were both recently updated.
The one closest to the ocean has six bedrooms, three full and two half bathrooms. The second house has four bedrooms and two full bathrooms.
They're located in the south end of Stone Harbor which is known for being quiet.
A bird sanctuary that spans five blocks means there are fewer houses. 'Each side of the street has four houses, so on any given day you may have 20 people at the beach,' Vizzard said.
The property has only been on the market for a couple of days but the listing has already generated several calls. 'It's just such a rarity,' he said.
Stone Harbor attracts a lot of people from the Main Line neighborhoods in Philadelphia and an increasing number of New Yorkers, Vizzard said.
If the property sells for its asking price, it will break a price record for Stone Harbor. 'Stone Harbor has a strong history of appreciation,' he said. 'The zoning is intelligent. The side yards are generous so the houses are not on top of each other. It's not like Sea Isle City where the density is insane.'
Are you an agent, buyer or seller who is active in this changing market? Do you have tips about New Jersey's real estate market? Unusual listings? Let us know.
Thank you for relying on us to provide the local news you can trust. Please consider supporting NJ.com with a subscription.
Allison Pries may be reached at apries@njadvancemedia.com.
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