The Hampton's arrives in Avalon: Presenting custom new construction from premier developer MBM Development One, in Avalon's exclusive South End—an homogenous residential area with minimum 6000' lot sizes and only two blocks between the bay and the beach. When only the optimum location, highest quality design and construction and most inviting interiors will suffice, this is the home you've been waiting for. The South End is high ground property and yields some of the widest and least crowded beaches on the island. Its convenient location, half-way between downtown Avalon & downtown Stone Harbor, is another reason it's one of the most desirable and high demand areas for discerning Buyers. This exceptional property is situated on an oversized 70'x110' beach block lot, 2nd home from the beach and is fully ready for occupancy. This is truly an investment for generations to come--classic Mark Asher Architects designed, luxurious 5052'sq.ft. beach retreat with 1200' + sq.ft. of outdoor finished porch and deck spaces and a 300'sq.ft. garage, paved and private pool area with an outdoor service kitchen for ultimate convenience. Providing unparalleled beach/ocean access and views, custom built with laser focus on every detail by foremost island builder D.L.Miner-- and fully decorated with casual sophistication by Megan Gorelick Interiors-- family and friends will make lasting memories here for decades to come. This 3 story, 6 br home is finished with only the finest materials and desirable features: full list of quality detail features and finishes is available. A truly rare opportunity; in order to replicate this home on an oversized South End beach block lot would take at least 18 months or more to complete, that is if there were such a lot available in south end, there are none presently. No need to wait and miss a full season or more of use when this outstanding home is ready now. Following is an estimate of reproduction cost: COMPARABLE Sold Interior beach block lots in South End: 168 71 ST-80x110-2nd off lot- SOLD-$4.25M Dec.'18 -$482/SF; 166 69th-75x110-2nd off lot- SOLD-$3.6M Sept.'18 -$436/SF; 177 68th-70x110 4th off lot-SOLD-$3.25M Jan'17-x 1.12 -472/SF* (*avg sold price of single family/lot properties incr. 12 %, Q1 '17 compared to proj. closings for Q1 '19*); AVG SOLD PRICE LOT Value=$463/SQ.FT. 168 67TH ST:$463/SQ.FT. x 7700'SQ.FT. -LOT VALUE =$3.565M. APPROX. REPRODUCTION COST: $3.565M LOT + $3.2M-Design/Build (5300SF+landscape/hardscape/pool/cabana,porches, decks) + $250K decor = $7,015,000.00 total reproduction estimated cost for end user.
This listing is provided courtesy of LONG & FOSTER REAL ESTATE, INC av
Map may not be 100% accurate.