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4277 5th
Avalon, NJ 08202
Nicholas Giuffre with COMPASS RE - Avalon, original listing - (609) 967-9600
$9,595,000
Conventional
Property
Bedroom
6
Bathroom
Full: 5, ½: 2
Property Type
Conventional
Square ft
5700 Square Feet
Property Description
Welcome to 4277 5th Avenue, a breathtaking bayfront masterpiece nestled on the highly coveted Yale Harbor Lagoon within Avalon's prestigious Fingers neighborhood. This extraordinary custom residence spans an impressive 5,700 square feet and is the result of a visionary design by the renowned Asher Slaunwhite Architects. Every detail of this home exudes unparalleled craftsmanship and sophisticated luxury, offering an elevated coastal living experience. Boasting six bedrooms, six bathrooms, two powder rooms, and five decks, this exceptional estate is a rare gem on Seven Mile Island. From the chef-inspired kitchen to the stunning outdoor spaces, including a pool, spa, cabana, and boat slip, no expense has been spared in creating a truly refined environment. The design is a seamless integration of modern luxury and timeless coastal elegance. The exterior combines classic cedar shake, boral siding, and a striking mix of metal and cedar elements, creating a harmonious balance between traditional charm and contemporary sophistication. At the heart of the home is the unique outdoor courtyard, complete with a custom gunite pool and spa. This private oasis is further enhanced by a covered cabana equipped with a TV, wet bar, and center island, perfect for entertaining or simply relaxing in style. The expansive rear yard provides direct access to a private beach area and features a newly constructed pier leading to an 8'x20' floating dock for your boat and water toys, allowing for easy access to the bay. Inside, the design is equally spectacular. The first floor welcomes you with a stunning hallway of custom 8-foot glass panels that effortlessly connect the indoors with the outdoor. The spacious family room is ideal for both intimate gatherings and large celebrations, while the en-suite bedroom, charming bunk room, and convenient laundry room add to the home's functionality. The second floor radiates sophistication with a dramatic floor-to-ceiling wine wall and wet bar, setting the tone for elegant entertaining. The chef’s kitchen is a culinary haven, featuring top-of-the-line Wolf and Sub-Zero appliances, an expansive island, and a layout perfect for both meal preparation and socializing. The open-concept living spaces seamlessly blend with the outdoors, offering sweeping water views through glass walls that create an effortless flow between interior and exterior spaces. Three beautifully appointed bedrooms, an office, a laundry room, and a walk-in pantry complete this level. The third floor is dedicated to the ultimate primary retreat—a serene sanctuary offering panoramic views that are second to none. Step onto the private balcony and take in the breathtaking scenery, or relax in the spacious, spa-like bath. The retreat includes a large walk-in closet and a breakfast bar, creating a haven of tranquility and luxury. Every aspect of 4277 5th Avenue has been thoughtfully curated with the highest level of craftsmanship, from the renowned Vallese Builders to the exquisite design by Studio Blu Interiors. This home offers the rare opportunity to experience the pinnacle of Avalon bayfront living—where modern luxury, timeless design, and an unbeatable location come together to create an extraordinary living experience. For a full list of all specifications and features please reach out to the listing agent.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
2025
MLS Number
--
Location
Address
4277 5th
City
Avalon
State
NJ
Zip Code
08202
County
CAPE MAY
Listing
Provider
COMPASS RE - Avalon, original listing
Name
Phone
(609) 224-3837
Office Name
Office Phone
(609) 967-9600
Agent Name
Nicholas Giuffre
Agency Phone
(609) 967-9600

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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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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.