177 74th St, AVALON
$5,200,000 - 4 Beds, 3 Baths, 2,204 Sf
MLS® # NJCM2004844
2118 First Ave, AVALON
$4,175,000
6 Beds
5½ Baths
3,378 Sqft
.12 Acres
1 Garages
Prime Avalon Luxury Retreat – A Rare Turnkey Investment & Lifestyle Opportunity! Welcome to 2118 1st Ave, Avalon, NJ—a meticulously renovated luxury beach home just two blocks from the beach, offering luxury living, strong investment potential, and a partial ocean view from the third-floor balcony. Spanning 3,378 sq. ft. across three floors, this 6-bedroom, 5.5-bath residence features high-end finishes, designer details, and multiple master suites, making it ideal for personal use or as a high-performing short-term luxury rental.
This property is already operating as a top-tier short-term luxury rental, with strong bookings in place for multiple seasons, offering a rare opportunity for immediate cash flow. For qualified buyers, the seller is open to transferring ownership via the LLC that holds the property, which may offer potentially significant savings at closing (consult with your tax advisor). Additionally, the seller is willing to offer owner financing and is open to remaining involved in property management, ensuring a seamless transition for investors looking to maximize returns.
Designed for both entertaining and relaxation, the home features a gourmet chef’s kitchen with Bosch stainless steel appliances, quartz countertops, and an oversized island. Expansive outdoor spaces include multiple decks, a heated pool with hot tub conversion, and a full outdoor kitchen with a built-in grill, sink, and seating area. A unique poolside garage, accessible from both ends, functions as a poolside cabana with seating, a TV, and a mini fridge while also providing ample storage for all of your beach and pool equipment. The home is being sold fully furnished with all professional designer-selected furnishings, allowing for a truly turnkey experience. To ensure years of worry-free enjoyment, the home is equipped with dual-zone HVAC and newer mechanical systems, including a tankless hot water heater and HVAC on the main floor replaced in 2023, a new coil and condenser on the upstairs furnace replaced in 2021, and a hot water heater on the third floor replaced in 2020.
Located just steps from Avalon’s best beaches, dining, and entertainment, this property offers the perfect combination of coastal luxury and investment potential. Whether you’re looking for a smart investment, a private coastal retreat, or a blend of both, this Avalon gem delivers exceptional value and versatility.
Schedule your private tour today and experience the Avalon lifestyle for yourself!
Essential Information
MLS® #NJCM2003884
Price$4,175,000
Bedrooms6
Bathrooms5.50
Full Baths5
Half Baths1
Square Footage3,378
Acres0.12
Year Built2005
TypeResidential
Sub-TypeDetached
StyleTraditional, Contemporary
StatusActive
Community Information
Address2118 First Ave
AreaAvalon Boro (20501)
SubdivisionNONE
CityAVALON
CountyCAPE MAY-NJ
StateNJ
MunicipalityAVALON BORO
Zip Code08202
Amenities
ParkingConcrete Driveway, Private
# of Garages1
Has PoolYes
Amenities
Bar, Entry Lvl BR, Pantry, Master Bath(s), Stall Shower, Wpool Jets, Wood Floors
Utilities
Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Garages
Additional Storage Area, Garage - Side Entry, Garage Door Opener
Pool
Concrete, Heated, Pool (In-Ground), Pool/Spa Combo
Interior
Interior FeaturesFloor Plan-Open
HeatingForced Air
# of Stories3
Stories3
Appliances
Built-In Microwave, Commercial Range, Dishwasher, Disposal, Dryer, Extra Refrg/Frz, Microwave, Oven/Range-Gas, Range hood, Refrigerator, Six burner stove, Washer, Water Heater - Tankless, Water Heater
Cooling
Central A/C, Multi Units, Zoned
Exterior
ExteriorVinyl Siding
Lot DescriptionCorner Lot, Landscaping
RoofArchitectural Shingle
FoundationPilings
Exterior Features
BBQ Grill, Gutter System, Hot Tub, Outside Shower, Sidewalks, Other, Deck(s), Patio, Porch(es), Concrete, Pool (In-Ground), Pool/Spa Combo
Windows
Atrium, Bay/Bow, Casement, Double Hung
School Information
DistrictAVALON PUBLIC SCHOOLS
Additional Information
ZoningR-1C
Listing Details
OfficeVRA Realty
Office Contact4848001777
Property History
Price Reduced from $4,199,999 to $4,175,000
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Listing information last updated on May 1st, 2025 at 3:15am EDT.
