Agent Takes: New OCNJ Property Listings for January 12, 2024

Listing #1 – 507 23rd St

Property Features: 2,691 Sqft, 5 bedroom, 5.5+ bathroom

The Price: $3,450,000

Agent Hot Take 🔥: This is a 5-bedroom, 5.5-bath new-construction single-family home. The location is incredible, but I have a feeling that the asking price is a bit high. Comparing it to the single on 24th street seems like the right approach. There’s about a $700k price difference for just half a block’s distance to the beach. I’ll be keen to see what unfolds with this property.

Property Description: New construction! 507 23rd St offers the amenities you have been waiting for! A fabulous single family located across the street from the beach and the southernmost access ramp to the boardwalk! One of the most sought-after located (Gold Coast) in Ocean City! This amazing home features 5 bedrooms, 5.5 baths, a den, upgraded appliances, cabinets & flooring! Plus multiple decks, a detached garage, and OCEAN VIEWS! You will enjoy the high-end comforts and luxurious amenities of this New Construction! Fall 2024 delivery.

Listing #2 – 140 Simpson Ave

Property Features: 4,600 Sqft lot

The Price: $849,900

Agent Hot Take 🔥: This location seems cool, but the absence of interior pictures on this listing suggests one thing: It might be a teardown. I don’t think the price is unreasonable. If you were to acquire it for $800k and invest around $1 million in building something new, you’d have a new single-family home for approximately $1.8 million. That’s a more affordable option compared to the others priced at $2.2 million on Bay Ave.

Property Description: Build your dream home on this 40 X 115 single family property. Quiet Northend neighborhood.

Stay in the know about real estate in America's Greatest Family Resort 😎

Join the owners, agents, buyers, sellers, and renters who subscribe for FREE and get our weekly newsletter on what you must know in Ocean City, NJ real estate.

Leave a Reply

Your email address will not be published. Required fields are marked *