UPDATE: A stunning home in Stone Harbor has just sold for a remarkable $8.5 million, topping the list of the most expensive residential real estate transactions in Cape May County for the week of October 20-26, 2023. This sale is part of a significant surge in local real estate, with a total of 191 homes sold during this period, averaging $961,054 each.
The impressive residence at 106 120th Street boasts a spacious living area of 3,289 square feet, achieving a price per square foot of $2,584. The deal was finalized on September 30.
The list below highlights the other nine highest sales in the county:
“The Cape May market is buzzing with activity, reflecting strong demand for luxury properties,” said a local real estate expert.
10. $3 million – A single-family home at 19 Caroline Lane in Ocean City sold for $3,000,000. Built in 1992, this residence spans 3,175 square feet with a price per square foot of $945. The sale was completed on September 26.
9. $3.1 million – The property at 108 27th Street in Avalon fetched $3,050,000. This home, built in 1988, offers 2,241 square feet of living space, equating to $1,361 per square foot. It was finalized on August 6.
8. $3.1 million – A condominium at 8211 Sounds Ave. in Sea Isle City was sold for $3,100,000. Constructed in 2007, the condo includes 2,500 square feet and sold for $1,240 per square foot. The deal closed on July 31.
7. $3.2 million – The detached house at 520 21st Street in Avalon sold for $3,245,000. This home, built in 1920, has 1,804 square feet of space, priced at $1,799 per square foot. The sale was completed on October 1.
6. $3.5 million – A single-family residence at 270 19th Street in Avalon sold for $3,500,000. Built in 2003, it features 3,355 square feet, with a price per square foot of $1,043. The sale was finalized on August 6.
5. $3.9 million – The home at 131 E. Atlantic Blvd. in Ocean City changed hands for $3,850,000. This 1916-built property offers 4,824 square feet, translating to $798 per square foot, and was finalized on September 29.
4. $4.6 million – A single-family house at 283 86th Street in Stone Harbor sold for $4,550,000. Spanning 1,364 square feet, this home was built in 1950 with a price per square foot of $3,336. The deal closed on August 29.
3. $4.9 million – The residence at 4599 Fifth Ave. in Avalon fetched $4,875,000. Built in 1970, it has 1,856 square feet with a price per square foot of $2,627. The sale was finalized on August 6.
2. $5 million – The house at 188 34th Street in Avalon was sold for $4,999,000. Built in 1982, this deal was completed on September 29.
As the Cape May County real estate market continues to thrive, experts predict ongoing interest and investment in luxury properties. Stay tuned for further updates on this developing story.
