2118 FIRST AVE Open House Save Request In-Person Tour Request Virtual Tour
Avalon,NJ 08202
OPEN HOUSE
Sat Apr 05, 11:30am - 2:30pm
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,378 sqft
Price per Sqft $1,235
MLS Listing ID NJCM2003884
Style Traditional,Contemporary
Bedrooms 6
Full Baths 5
Half Baths 1
Year Built 2005
Annual Tax Amount $11,529
Tax Year 2024
Lot Size 5,040 Sqft
Property Sub-Type Detached
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
Area Avalon Boro (20501)
Zoning R-1C
Interior
Hot Water Natural Gas,Multi-tank,Tankless
Heating Forced Air
Cooling Central A/C,Multi Units,Zoned
Flooring Ceramic Tile,Hardwood
Inclusions Furnishings, window treatments, dishes, cookware, all appliances
Equipment Built-In Microwave,Commercial Range,Dishwasher,Disposal,Dryer,Extra Refrigerator/Freezer,Microwave,Oven/Range - Gas,Range Hood,Refrigerator,Six Burner Stove,Washer,Water Heater - Tankless,Water Heater
Laundry Dryer In Unit,Hookup,Lower Floor,Upper Floor,Washer In Unit
Exterior
Exterior Feature Deck(s),Patio(s),Porch(es)
Parking Features Additional Storage Area,Garage - Side Entry,Garage Door Opener
Garage Spaces 3.0
Pool Concrete,Heated,In Ground,Pool/Spa Combo
Utilities Available Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available
Water Access N
Roof Type Architectural Shingle
Building
Lot Description Corner,Landscaping
Story 3
Foundation Pilings
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
School District Avalon Public Schools
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Standard
Virtual Tour https://drive.google.com/file/d/1AeEJ7o0qnyTbpY3ZT-sGgVQUZ_VRHJ8N/view?usp=drive_link