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18 Moonlight Drive
Colts Neck, NJ 07722
$2,999,999
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
6200
Property Description
Spectacular New Construction Estate to be built, situated on a gorgeous cul-de-sac nestled privately in a Multi-Million Dollar development. The Colts Neck DREAM HOME you have been waiting for! This magnificently designed retreat includes layout options to satisfy every lifestyle. Make this 6200+ sq.ft. one-of-a-kind property yours while there is still time to make custom selections! From the moment you enter the regal 8' French doors, you appreciate the modern elegance of a well-appointed, open concept living space. With a dramatic two-story entry facing a stunning wall of windows, let the beautifully stylish great room with feature fireplace and soaring ceilings be just one of the highlights of this incredible journey home. Experience luxury redefined with 6 bedrooms, 5.5 baths and a 3 car garage on nearly three acres of level land backing to private wooded grounds in one of Monmouth County's most coveted neighborhoods. Limited only by your imagination, this residence will be the perfect home for both indoor and outdoor living. Quality craftsmanship, high-end finishes and top of the line amenities make this outstanding new construction, the perfect choice! Artfully presented with an open floor plan, designer renderings include a spacious eat- in chef's kitchen with large quartz island, custom cabinetry, upscale fixtures, butler's pantry and French doors leading to a serene, covered porch, an ideal place to relax on a summer evening. Entertain and enjoy meals together with family and friends in the formal dining room featuring a coffered ceiling and chic built-in bar area, conversation worthy! The first level of this extraordinary home truly "checks all the boxes", formal living room, great room, family room with built-in bookcases, study/office, spacious first floor guest suite, mudroom and optional elevator from the basement to the second level. With 10' ceilings throughout, elegant wood floors, decorative crown molding and two gas fireplaces, the first level is just the beginning! Carry the inspiration to the second floor with a graceful staircase, leading to an expansive, vaulted master bedroom en-suite. Featuring a Zen design with frameless glass enclosed shower, waterfall shower system and separate soaking tub for the ultimate in relaxation. The master foyer opens to his and hers WIC's which are amply appointed with a built- in island and custom closet allowance for personalized design elements. Stroll outdoors to your private balcony with sweeping views that overlook a backyard with endless possibilities! Four well designed, generously sized guest rooms which include two princess suites and one jack and jill bath along with a convenient second floor laundry, complete the second level. This home is well suited for multi-generational living and WFM flexible space. With 9' ceilings and more than 3200sq ft. of additional space to finish in the basement, the sky is the limit! Colts Neck is an equestrian community that truly embodies luxury living with modern sophistication, offering top rated public and private schools, an excellent park system all while conveniently located just one hour from Manhattan, Philadelphia and 20 minutes to the pristine beaches of the Jersey Shore. Proximity to the GSP, PNC Arts Center, fine dining, shopping and prominent destinations are yours to enjoy! Don't miss the rare opportunity to create a tailored home EXACTLY to YOUR specifications. Schedule an appointment today and customize options for a holiday delivery! *Renderings may not reflect exact design features. Inquire for a complete list of design options. PLEASE NOTE: POOL/FIREPIT IS AN OPTIONAL FEATURE.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
22205542
Location
Address
18 Moonlight Drive
City
Colts Neck
State
NJ
Zip Code
07722
County
MONMOUTH (SOUTHWEST)
Listing
Provider
Jason Mitchell Real Estate New Jersey, original listing
Name
Jason Mitchell Real Estate New Jersey
Phone
(833) 471-3337
Office Name
Jason Mitchell Real Estate New Jersey
Office Phone
(833) 471-3337
Agent Name
Patricia Ronca

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HUD Foreclosures

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.