10416 Second Avenue

$4,695,000, 8 Beds 8.2 Baths 5,678 Sqft

About This Property

This is truly a RARE opportunity to own a one-of-a kind property ideally located in a quiet residential neighborhood, just over one block to beautiful beaches and only a few blocks to Stone Harbor’s popular Business District, Chelsea Place Park and the Public Recreation area! On an Island where the most common lot sizes are 50’ wide, this massive 105’x110’ lot allows for a 5,700 square foot home with resort like outdoor entertaining area - a combination unable to be duplicated on smaller size lots. There has not been a comparable home available For Sale in many years! THIS is your opportunity to have “8” bedrooms - 2 of which are Master Suites! Currently there are only three homes For Sale in all of Avalon/Stone Harbor offering 8 or more bedrooms! You’ll appreciate the extra-large room sizes and the ability to comfortably accommodate 20+ family members and/or friends. This professionally decorated home features 8 exceptionally spacious bedrooms (6 are ensuite), 8 Full Bathrooms with custom cabinetry and marble/granite counters, 2 Powder Rooms, 2 large Living Areas, 2 Laundry Rooms and an elevator. The 1st floor features a flagstone entry porch, an inviting two-story foyer, 4 spacious bedrooms, each with a private bathroom, a new Laundry Room, a Powder Room and a large Family Room 23 feet wide & 20 feet deep with 10’ ceilings. This secondary living space rivals the size of most main Living Areas in other homes!! A wet bar with custom cabinetry, sink, refrigerator/ice maker and TV complete this great living space. The 2nd Floor features 4 bedrooms and 3.5 bathrooms (two of the bedrooms have their own private bathroom & the other two share a bath; Jack/Jill), a Laundry Room and an unbelievable Great Room that stretches 45 feet wide and 30 feet deep! The Great Room is accented by a cathedral ceiling, abundant use of glass & a contemporary gas fireplace, which combine to create a bright, inviting atmosphere! The well-stocked Kitchen features custom cabinetry and gorgeous natural stone counters with plenty of seating, 2 islands, 2 sinks, 2 dishwashers, and a Wolf range. Several sliding doors provide easy access to perhaps the largest deck you’ve seen on the Island! The enormous 65 foot long deck is partially covered and offers endless dining & seating options! It overlooks a backyard oasis beautifully landscaped with spa, an oversized pool w/fiber optic lighting & patio area, a fireplace pavilion, an outdoor kitchen/bar area with granite counter, a Weber natural gas grill, sink, beverage fridge and a Sunbrite 55” Outdoor TV. The detached garage houses 2 full-size refrigerators, ample storage and is chock full of bikes and beach gear! There’s even a Full Bathroom dedicated to this outdoor living space! Sale is subject to existing 2020 leases. The property consistently generates one of the highest ‘rent multiples’ that you’ll find: $300k - $350k in gross rental income and 85% from families who return year after year! Sold in “Turn-Key” condition, including linens, bikes, beach chairs, beach gear, cookware, tableware, et al. SEE ADDENDUM section for list of Additional Features and Associated Doc Section for List of Recent & Recurring Updates.

Essential Information

MLS® #200738
Price$4,695,000
Bedrooms8
Bathrooms8.20
Full Baths8
Square Footage5,678
Year Built2014
TypeResidential
Sub-TypeSingle Family
StyleTwo Story, Upside Down
StatusACTIVE

Community Information

Address10416 Second Avenue
AreaStone Harbor
CityStone Harbor
StateNew Jersey

Amenities

Has PoolYes
PoolIn Ground Pool

Parking

Garage, Detached, Concrete Driveway, 4 car parking

Interior

BasementCrawl Space
FireplaceYes
FireplacesFireplace- Gas

Interior Features

Bar, Cathedral Ceilings, Fireplace- Gas, Wood Flooring, Kitchen Center Island, Tile Flooring, Elevator

Appliances

Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Stove Natural Gas, Oven

Heating

Gas Natural, Forced Air, Multi-Zoned

Cooling

Central Air Condition, Multi Zoned

Exterior

ExteriorOther

Exterior Features

Patio, Deck, Porch, Fenced Yard, Outside Shower, In Ground Pool, Whirpool/Spa, Grill

Additional Information

Date ListedFebruary 19th, 2020
Days on Market46
ZoningResidental

Listing Details

OfficeFERGUSON-DECHERT, INC

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Cape May, NJ
08204

Office: 609.884.3332

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