A Stone Harbor oceanfront listing offered buyers two options at $15.495 million: move into the existing house or rebuild on its beachfront lot.
Neither pitch produced a recorded contract before the listing expired Oct. 1.
The marketing for the 106th Street home, emphasized the existing home’s condition and maintenance.
Get Ironside Shore Wire twice weekly.
Original, data-driven intelligence for the South Jersey Shore market, delivered free.
Built in 1997, the approximately 3,731-square-foot house has six bedrooms, six full bathrooms and a half bathroom, plus a pool and elevator.
The listing entered the market in April, promoting an elevated replacement home with ocean, wave and beach views from both levels.
Its 75-by-110-foot oceanfront lot anchored that alternative pitch.
The expiration adds another turn to the trophy-market reshuffling around Labor Day and into the fall.
Expensive homes have entered, adjusted their asking prices and cycled off the market.
Ocean City’s “Casa al Mare,” for example, withdrew in September before returning at $7.999 million, bringing its total reduction to $1.301 million.
Just five blocks south, another oceanfront offering on 111th Street entered the fall lineup at $19 million.
Leave a Reply