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11605 Paradise
Stone Harbor, NJ 08247
Nicholas Giuffre with COMPASS RE - Avalon, original listing - (609) 967-9600
$12,495,000
Conventional
Property
Bedroom
6
Bathroom
Full: 6, ½: 2
Property Type
Conventional
Square ft
4609 Square Feet
Property Description
Welcome to 11605 Paradise Drive, an exquisite 4,600 sq. ft. masterpiece nestled on Paradise Bay in the quiet south end of Stone Harbor. This opulent residence has been brought to life by DANDRA Developers. Designed by Halliday Architects, built by Winfield Developers, and stylish design and furnishings selected by Ford Design Studios. With 6 beautifully appointed bedrooms and 6.2 baths, this home is a testament to sophisticated elegance, offering sweeping west-facing bayfront views and direct access to the main channel via a private, brand-new U-shaped dock—a true boater's paradise, complete with stunning sunsets at every turn. Designed for seamless indoor-outdoor living, the home boasts 2,000 sq. ft. of expansive deck space, perfect for entertaining and relaxation. This incredible location is only 2 blocks from the beach, a short walk to Stone Harbor Point, and directly across from the Stone Harbor Bird Sanctuary, providing lush greenery views to contrast the sandy shores of Seven Mile Island. The first floor presents five custom ensuite bedrooms, each thoughtfully designed with built-in storage, exquisite tilework, and designer finishes. A highlight of this level is the charming custom-built bunk room. Also on this floor, you'll find a functional laundry room with a Whirlpool washer and dryer, as well as a beautifully tiled mudroom with custom-built lockers for additional storage. The centerpiece of this level is the grand entryway, featuring an arched doorway that leads into the spacious family room, complete with a custom wet bar, refrigerator drawers, a Sub-Zero wine fridge, a Scotsman ice maker, and custom shiplap cabinetry. This grand room opens to an expanded rear deck that can be utilized as a second outdoor family room, complete with ipe decking and a roof, a large sectional, dining area, outdoor TV, and a custom gas fireplace surrounded by breathtaking bay views. This outdoor oasis is complete with an irrigation system, a custom gunite pool and spa, a new bulkhead, and a brand-new U-shaped dock capable of accommodating three large boats and jet skis. Ascend to the second floor to discover a grand living area that includes a top-of-the-line chef's kitchen, a sophisticated dining room, and an elegant living room with a second custom gas fireplace. The kitchen is a culinary dream, featuring two Sub-Zero refrigerators and freezer drawers, a Miele coffee station, a Wolf microwave, a Cove dishwasher, two additional beverage drawers, and a 6-burner Wolf range with a custom hood. The luxurious kitchen is complete with a large quartzite island, custom cabinetry, and a walk-in pantry. This main room opens to another oversized deck, offering breathtaking waterfront views, and features a built-in outdoor grill and cabinetry. The primary suite is a private retreat, with an oversized bedroom, a gas fireplace with designer-selected stone, custom built-ins, a private balcony, a luxurious custom bathroom, and a spacious master closet with its own washer and dryer. The third-story rooftop deck is the pinnacle of this stunning home, offering a large lounge area with a fire pit and a top-floor wet bar equipped with a Scotsman ice machine, two refrigerated drawers, and a Cove dishwasher. It's the perfect spot for enjoying happy hour while watching the sun set over the bay. Other outstanding features include a 5-stop elevator, ipe decking, custom trim walls, White Oak engineered hardwood flooring, Sonos surround sound, a home security system, mahogany doors, Phantom motorized storm shutters, a bluestone walkway, two on-demand Noritz gas water heaters, multi-zoned Carrier heating and cooling systems, and landscaping by Garden Greenhouse. Experience the epitome of luxury living at 11605 Paradise Drive, where every detail is crafted to perfection and every moment is an opportunity to create lasting Stone Harbor memories.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
11605 Paradise
City
Stone Harbor
State
NJ
Zip Code
08247
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.