Nehmad Davis And Goldstein Acquires Approval for Construction of Avalon Home Listed at $25M
[Avalon, NJ]: NDG attorney Keith Davis recently acquired approval for an unprecedented residential construction project in Avalon, New Jersey listed for sale at $25M.
The Avalon Planning Board approved the application for the project in the "High Dunes" section of the Borough which is subject to separate ordinance requirements.
The Malibu-style 7,200 square foot home will have 6 bedrooms and 7.5 bathrooms, an elevator, multiple decks with ocean views, a gym, sauna, lap pool and soaking pool. Situated on 0.66 acres (27,702 square feet) overlooking the Atlantic Ocean, the property is significantly larger than the average Avalon lot.
Perhaps most remarkable is the home's elevation, which allows for an extraordinarily private third-floor deck with unobstructed views. Future residents will be able to watch the sun rise over the ocean and set over the bay.
If the home sells for the full price of $24,990,000, it will be the highest priced home ever to sell in Avalon. While home sales in Avalon are consistently ranked among the highest priced in New Jersey, the median sales price in June 2023 was only $3.1 million, according to Realtor.com.
Listing Agent Jack Vizzard says a "powerful combination" of factors contribute to the high sale prices, including the large lot size, the West Coast style of the home, its remarkable height and unparalleled privacy.
The home is designed by architect Mark Asher of Asher Slaunwhite + Partners, being constructed by Seaside Builders & Development, and decorated by Kiersten Marie Interiors. The project is expected to be completed in Spring 2024.
Keith's work on properties such as this one is exemplary. It's impressive to see him work with the development team to obtain approvals for such beautiful homes. Keith's knowledge of municipal land use law and local development ordinances is unique, and through his painstaking attention to detail and timely responsiveness, he provides a superior level of legal services to property developers in the area.
About Nehmad Davis & Goldstein: Nehmad Davis & Goldstein is a full-service law firm, assisting with the business and personal needs of its clients. With offices in Egg Harbor Township, Avalon, Trenton and Bridgeton, the firm has handled some of the most significant real estate and land use matters in New Jersey for a client list that includes local and regional developers and many major national chains and Fortune 500 companies. Nehmad, Davis & Goldstein handles real estate development matters, commercial litigation, employment matters, asset protection, estate planning and real estate and business transactions.