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$ 3,200,000
Est. payment | /mo
6 Beds
12 Baths
8,100 SqFt
$ 3,200,000
Est. payment | /mo
6 Beds
12 Baths
8,100 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $395
MLS Listing ID 608919
Bedrooms 6
Full Baths 12
Tax Year 2026
Lot Size 8,100 Sqft
Property Sub-Type 4 - 10 Units
Property Description
A rare opportunity to acquire an entire new construction waterfront development on Absecon Island. Located at 239 N. Arizona Avenue, this six-unit bayfront property consists of three buildings with a total of 18 bedrooms, 12 bathrooms, six private decks with panoramic open-water views, 12 garage parking spaces, additional off-street parking, four deep-water boat slips, a brand-new dock system, and a new bulkhead. Just moments from Atlantic City's casinos, beaches, boardwalk, dining, and entertainment, the property offers exceptional flexibility as a luxury investment portfolio, family compound, or waterfront retreat. A rare condominium opportunity where Airbnb and VRBO rentals are permitted, owners can capitalize on strong vacation rental demand while benefiting from favorable rental projections and a valuable five-year tax abatement. Scheduled for completion in Summer 2026, with anticipated delivery on or about August 1, 2026, purchasers have a unique opportunity to secure a nearly completed new construction waterfront asset without the uncertainty and extended timelines often associated with ground-up development. As Atlantic City continues to experience significant public and private investment, new residential development, infrastructure improvements, and ongoing growth along the waterfront, opportunities to acquire newly constructed bayfront properties of this scale, quality, and versatility are becoming increasingly limited. Combining new construction, deep-water boating access, extraordinary bay views, and multiple ownership and income strategies, 239 N. Arizona Avenue represents one of the most unique waterfront opportunities currently available on the Jersey Shore.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Bay Front,Bulkheaded,Docks,Water View
Rooms
Other Rooms Dining Area, Eat In Kitchen, Laundry/Utility Rm, Storage Attic
Interior
Heating Gas-Natural
Exterior
Exterior Feature Vinyl
Parking Features Two Car
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by Soleil Sotheby's International Realty - A
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Beata Lagares
Agent | License ID: 1862650