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10624 Corinthian
Stone Harbor, NJ 08247
Hugh Merkle with COMPASS RE - Stone Harbor, original listing - (609) 368-9100
$5,195,000
Conventional
Property
Bedroom
5
Bathroom
Full: 2, ½: 2
Property Type
Conventional
Square ft
3110 Square Feet
Property Description
Welcome to timeless Stone Harbor Bayfront Elegance! This is where your Dream Waterfront Escape Awaits! 10624 Corinthian Drive, Stone Harbor New Jersey is where classic charm meets modern comfort. This stunning 5-bedroom, 2 full bath, and 2 powder-room retreat is waiting for you. Perfectly positioned on a 60x120 bay front lot, this home offers unparalleled water views and an exceptional lifestyle just four blocks from the beach. Whether you're searching for a family getaway or envisioning a custom bay front masterpiece, this property is a rare opportunity to own a slice of paradise. This beautifully landscaped home, surrounded by a classic white fence, is enticing and inviting. As you step inside, the breath-taking foyer leads you into the first floor family room leading out to a large bayside sun deck. Imagine watching boats drift by or launching your own paddleboard from your private dock as the sun sets over the bay. The remainder of the first floor offers four spacious bedrooms including a bay front bedroom with direct deck access. A full bathroom with a tub/shower and an additional powder room provide convenience for guests. A laundry room on this floor with a washer and dryer makes beachside living effortless. As you ascend the staircase, the second floor opens up into a bright and airy great room, where cathedral ceilings and large windows fill the space with natural light. The spacious living and dining areas offer a seamless flow. Sliding doors lead to the rear 2nd level sun deck, where you can unwind with a cup of tea while overlooking the bay. The chef’s kitchen, designed for both beauty and function, features granite countertops, stainless steel appliances, a large refrigerator, and a walk-in pantry. A kitchen island and breakfast bar with seating for four additional people make it the perfect gathering space for family and friends. Behind the kitchen, a unique additional den space with custom cabinetry offers a quiet retreat and opens to the covered second-floor front balcony, ideal for enjoying an afternoon breeze or hosting a sunset dinner. Tucked away for privacy, the second floor primary bedroom suite is a sanctuary of its own, offering a walk-in closet, an en-suite bathroom with a walk-in shower, a Jacuzzi tub, and a double-sink vanity. Sliding doors from this room open to the covered second-floor front balcony as well for a convenient step away when you need it. Outside, the full-width bayside sun deck invites endless entertainment. An attached garage with parking for one vehicle and a circular concrete driveway with space for three more cars provide ample parking for you and your guests. Whether you're enjoying the current home’s timeless coastal elegance or envisioning a future custom-built bay front estate of up to 3,600 square feet, this property offers endless possibilities. Fully furnished and move-in ready, this is an opportunity to experience Stone Harbor’s waterfront lifestyle at its finest. Don’t wait to make this bay front dream your reality—schedule your private showing today with The Hugh Merkle Team!
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1988
MLS Number
--
Location
Address
10624 Corinthian
City
Stone Harbor
State
NJ
Zip Code
08247
County
CAPE MAY
Listing
Name
Phone
(609) 368-9100
Office Name
Office Phone
(609) 368-9100
Agent Name
Hugh Merkle
Agency Phone
(609) 368-9100

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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.