UPDATE: A stunning home in Stone Harbor has just sold for an eye-popping $8.5 million, leading a record-breaking week in Cape May County real estate. From October 20-26, the county reported a total of 191 residential sales, with an average price of $961,054 and a price per square foot of $678.
This surge in high-value transactions highlights the increasing demand for luxury properties in the region. The sale of the Stone Harbor home, finalized on September 30, showcases a luxurious living space of 3,289 square feet, priced at $2,584 per square foot, making it a standout deal.
Here’s a breakdown of the top ten most expensive homes sold last week:
10. $3 million – A single-family home located at 19 Caroline Lane in Ocean City. Built in 1992, this residence boasts 3,175 square feet. The deal was completed on September 26.
9. $3.1 million – The property at 108 27th Street, Avalon, has new owners. This detached house, built in 1988, features 2,241 square feet and was finalized on August 6.
8. $3.1 million – A condo at 8211 Sounds Ave. in Sea Isle City has sold. The unit, constructed in 2007 with 2,500 square feet, closed on July 31.
7. $3.2 million – The residence at 520 21st Street, Avalon, is now owned by new buyers. The 1,804-square-foot home built in 1920 finalized on October 1.
6. $3.5 million – A sale for the single-family house at 270 19th Street, Avalon, has been completed. Built in 2003, it encompasses 3,355 square feet and was finalized on August 6.
5. $3.9 million – The single-family home at 131 E. Atlantic Blvd. in Ocean City was sold for $3,850,000. Constructed in 1916, it features a living area of 4,824 square feet and was finalized on September 29.
4. $4.6 million – The property at 283 86th Street, Stone Harbor, sold for $4,550,000. This 1,364-square-foot home, built in 1950, closed on August 29.
3. $4.9 million – A detached house at 4599 Fifth Ave. in Avalon has new owners after selling for $4,875,000. The 1,856-square-foot home was built in 1970 and finalized on August 6.
2. $5 million – The sale of 188 34th Street, Avalon, was confirmed at $4,999,000. This home was built in 1982 and finalized on September 29.
The rapid pace of these transactions indicates a robust luxury market in Cape May County that continues to attract buyers. Real estate experts suggest that this trend may persist as interest in coastal properties remains high.
Stay tuned for more updates on this developing story as Cape May County real estate continues to evolve.