UPDATE: A stunning single-family home in Stone Harbor has just sold for an eye-popping $8.5 million, marking the most expensive residential real estate transaction in Cape May County for the week of October 20-26. This week saw a total of 191 residential sales, with an average sale price of $961,054.
The luxurious property at 106 120th Street boasts a spacious living area of 3,289 square feet, built in 2021. It achieved a remarkable price per square foot of $2,584. The sale was finalized on September 30, highlighting the robust demand for high-end real estate in the area.
Here are the top ten most expensive homes sold last week:
10. A single-family house at 19 Caroline Lane, Ocean City, sold for $3 million, with a living area of 3,175 square feet, finalizing on September 26.
9. The detached home at 108 27th Street, Avalon, changed hands for $3.05 million, built in 1988 and finalizing on August 6.
8. A condominium at 8211 Sounds Ave., Sea Isle City, sold for $3.1 million, finalized on July 31.
7. A single-family residence at 520 21st Street, Avalon, went for $3.245 million, finalizing on October 1.
6. The single-family house at 270 19th Street, Avalon, sold for $3.5 million, with a finalization date of August 6.
5. A residence at 131 E. Atlantic Blvd., Ocean City, changed owners for $3.85 million, finalized on September 29.
4. The house at 283 86th Street, Stone Harbor, sold for $4.55 million, finalizing on August 29.
3. A detached house at 4599 Fifth Ave., Avalon, was sold for $4.875 million, finalizing on August 6.
2. A single-family home at 188 34th Street, Avalon, fetched $4.999 million, finalized on September 29.
The surge in luxury home sales underscores the strong market activity in Cape May County, as buyers continue to seek prime real estate in desirable locations. This trend reflects an ongoing demand for upscale living, making now a pivotal time for both buyers and sellers in the region.
Stay tuned for further updates on real estate trends in Cape May County and beyond, as we continue to track this developing story.
