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4277 5th
Avalon, NJ 08202
$8,595,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
5700
Property Description
Welcome to 4277 5th Avenue, located on the highly desired Yale Harbor lagoon in the fingers section of Avalon. With an estimated completion date of 2025, this 5,700-square-foot custom home designed by renowned Asher Slaunwhite Architects has top-of-the-line finishes throughout. No expense will be spared in the creation of this bayfront estate, boasting six bedrooms, eight baths, a chef's-style kitchen, five decks, pool, spa, cabana, boat slip and a wealth of amenities designed to elevate your lifestyle to new heights. This is hands down one of the most unique bayfront homes to ever hit the market on Seven Mile Island. The home is designed to maximize the bay views and indoor and outdoor entertaining. The exterior will consist of a beautiful combination of cedar shake, boral siding and metal and wood accents working together to create the perfect mix between modern and traditional coastal architecture. The exquisite and inviting courtyard is the centerpiece of this home offering a custom gunite pool and spa as well as a cabana area with a TV, built-in wet bar, and built-in grill. The rear yard offers an additional entertaining space for the kids with a private beach and brand new pier that will lead you down to your 8'x20' boat slip. The first floor seamlessly connects the indoors with the out with a stunning hallway of custom 8 foot glass panels that leads you to the family room. Two en-suite bedrooms and a laundry room round out this level. The second floor greets you with an elegant floor-to-ceiling wine wall and a wet bar that adds a touch of sophistication, enhancing the ambiance for intimate dinners and entertaining throughout. The kitchen, a culinary haven with top-tier Wolf and Sub-Zero appliances, is a chef's dream. Its expansive island with ample seating serves as the perfect prep space while friends and family gather around to accompany the chef. All the living areas connect effortlessly to outdoor spaces through walls of glass that frame water views and result in an inviting indoor/outdoor flow. Three more bedrooms, an office space, laundry room and pantry complete this level. The third story offers the primary retreat with a large private balcony and is a haven of relaxation with the best views in the house. The sanctuary is complete with a spacious walk-in closet, wet bar and a spa-like bath. This home exemplifies refined elegance, where coastal transitional design meets modern luxury. Built by Vallese Contractors and curated by Studio Blu Interiors, this extraordinary offering represents a rare opportunity to experience the pinnacle of Avalon bayfront living. Contact agent today for more details.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2025
MLS Number
240682
Location
Address
4277 5th
City
Avalon
State
NJ
Zip Code
08202
County
CAPE MAY
Listing
Provider
COMPASS RE - Avalon, original listing
Name
COMPASS RE - Avalon
Phone
Office Name
COMPASS RE - Avalon
Office Phone
(609) 967-9600
Agent Name
Nicholas Giuffre

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.