2118 First Avenue Avalon, NJ 08202

$4,175,000
Reduced $24,999
6
Beds
5.5
Baths
0.12
Acres
3,378
SQFT
1236
$/SQFT
$4,175,000
Reduced
$24,999
6
Beds
5.5
Baths
3,378   sf
$1236 / sf
Favorite
Ask agent
Share

active
1/50
virtual tour iconVirtual Tour
Street View

Prime Avalon Luxury Retreat – A Rare Turnkey Investment & Lifestyle Opportunity! Welcome to 2118 1st Ave, Avalon, NJ—a meticulously renovated luxury beach home just two blocks from the beach, offering luxury living, strong investment potential, and a partial ocean view from the third-floor balcony. Spanning 3,378 sq. ft. across three floors, this 6-bedroom, 5.5-bath residence features high-end finishes, designer details, and multiple master suites, making it ideal for personal use or as a high-performing short-term luxury rental.This property is already operating as a top-tier short-term luxury rental, with strong bookings in place for multiple seasons, offering a rare opportunity for immediate cash flow. For qualified buyers, the seller is open to transferring ownership via the LLC that holds the property, which may offer potentially significant savings at closing (consult with your tax advisor). Additionally, the seller is willing to offer owner financing and is open to remaining involved in property management, ensuring a seamless transition for investors looking to maximize returns.Designed for both entertaining and relaxation, the home features a gourmet chef’s kitchen with Bosch stainless steel appliances, quartz countertops, and an oversized island. Expansive outdoor spaces include multiple decks, a heated pool with hot tub conversion, and a full outdoor kitchen with a built-in grill, sink, and seating area. A unique poolside garage, accessible from both ends, functions as a poolside cabana with seating, a TV, and a mini fridge while also providing ample storage for all of your beach and pool equipment. The home is being sold fully furnished with all professional designer-selected furnishings, allowing for a truly turnkey experience. To ensure years of worry-free enjoyment, the home is equipped with dual-zone HVAC and newer mechanical systems, including a tankless hot water heater and HVAC on the main floor replaced in 2023, a new coil and condenser on the upstairs furnace replaced in 2021, and a hot water heater on the third floor replaced in 2020.Located just steps from Avalon’s best beaches, dining, and entertainment, this property offers the perfect combination of coastal luxury and investment potential. Whether you’re looking for a smart investment, a private coastal retreat, or a blend of both, this Avalon gem delivers exceptional value and versatility.Schedule your private tour today and experience the Avalon lifestyle for yourself!

Prime Avalon Luxury Retreat – A Rare Turnkey Investment & Lifestyle Opportunity! Welcome to 2118 1st Ave, Avalon, NJ—a meticulously renovated luxury beach home just two blocks from the beach, offering luxury living, strong investment potential, and a partial ocean view from the third-floor balcony. Spanning 3,378 sq. ft. across three floors, this 6-bedroom, 5.5-bath residence features high-end finishes, designer details, and multiple master suites, making it ideal for personal use or as a high-performing short-term luxury rental.This property is already operating as a top-tier short-term luxury rental, with strong bookings in place for multiple seasons, offering a rare opportunity for immediate cash flow. For qualified buyers, the seller is open to transferring ownership via the LLC that holds the property, which may offer potentially significant savings at closing (consult with your tax advisor). Additionally, the seller is willing to offer owner financing and is open to remaining involved in property management, ensuring a seamless transition for investors looking to maximize returns.Designed for both entertaining and relaxation, the home features a gourmet chef’s kitchen with Bosch stainless steel appliances, quartz countertops, and an oversized island. Expansive outdoor spaces include multiple decks, a heated pool with hot tub conversion, and a full outdoor kitchen with a built-in grill, sink, and seating area. A unique poolside garage, accessible from both ends, functions as a poolside cabana with seating, a TV, and a mini fridge while also providing ample storage for all of your beach and pool equipment. The home is being sold fully furnished with all professional designer-selected furnishings, allowing for a truly turnkey experience. To ensure years of worry-free enjoyment, the home is equipped with dual-zone HVAC and newer mechanical systems, including a tankless hot water heater and HVAC on the main floor replaced in 2023, a new coil and condenser on the upstairs furnace replaced in 2021, and a hot water heater on the third floor replaced in 2020.Located just steps from Avalon’s best beaches, dining, and entertainment, this property offers the perfect combination of coastal luxury and investment potential. Whether you’re looking for a smart investment, a private coastal retreat, or a blend of both, this Avalon gem delivers exceptional value and versatility.Schedule your private tour today and experience the Avalon lifestyle for yourself!

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Cape May
  • Area
    Avalon Boro
  • Tax Amount
    $11,529
  • Status
    Active
  • Listing #
    NJCM2003884
  • Built
    2005
  • Lot Size
    0.12
  • Listed on site
    310 days
  • Listing Agent Id
    121135747625

Listed by:
VRA Realty

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner

How Much Is My Home Worth?

Get an instant home-value estimate

Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • Corner Lot
  • No Builder Restrictions
  • Gas Utilities
  • Sewer

Exterior features

  • Deck
  • Has garage
  • Garage Detached
  • Patio
  • Pool
  • Pool Below Ground
  • Porch

Interior Features

  • Central Air Conditioning
  • Gas Oven
  • Wood Floors
  • Main Floor Bedroom
  • Pantry

Style

  • Traditional
  • Contemporary

Property History

DateDays AgoEventNew Price
Mar 7, 20254 mos agoPrice decreased24,999 (1%)$4,175,000
Aug 16, 202410 mos agoNew on market$4,199,999
Favorite
Ask agent
Share

Tour This Home

Mon
23Jun
Tue
24Jun
Wed
25Jun
Thu
26Jun
Fri
27Jun
Sat
28Jun
Sun
29Jun
Mon
30Jun
Tue
01Jul
Wed
02Jul
Thu
03Jul
Fri
04Jul
Sat
05Jul
Sun
06Jul
in Person
via Video Call
Realtor
Photo of Pavel Klimov