This spectacular oceanfront 7 bedroom home on a full tract, located in the most prestigious section of Loveladies, sits on 2.2 acres with 125 feet of ocean frontage. This sequestered, one-of-a-kind property extends 370 feet from the street to the building line, with unobstructed views up and down the entire shoreline. Rarely does an opportunity like this come along in the most open and expansive section of Loveladies. Unlike almost any other tract, this property affords 360-degree water views, from ocean to bay, sunrise to sunset. The ability to own an entire tract with ocean and bay views may never present itself again.
CAFRA approval has been obtained for a 10,300-square-foot new oceanfront home, where the vision is endless and the sky is the limit. There is nothing to compare to this one-of-a-kind site, with the potential to build a custom compound. With so few tracts left and none with 360-degree water views, this property is sure to impress the most discerning. The opportunity for a grand estate is glorious and simply does not exist in equal measure anywhere on the south end of Loveladies.
Hamptons Real Estate Advisors of the Hamptons/NYC is known for breaking the mold with each of its $15-25MM projects, and has designed what may be Loveladies' most spectacular new construction yet for this property. CAFRA permits and full architect plans are in place, giving any buyer a 2-year head start to hand-tailor the ocean-to-bay estate of a lifetime.
Meanwhile, the existing 4500 +/- square foot, 7 bedroom home is updated with a new kitchen and baths and mechanicals. It sits 330' feet back from the boulevard, perched high on a natural dune, with spectacular views up and down the beach. Every room in the current house offers ocean or bay views. Use the house "as-is," or build what could be Loveladies' most spectacular oceanfront estate and property yet.
For those seeking a fantastic investment proposition or 1031 shelter, the properties potential gross rent of $450,000 for 2023 and has a dependable high-end rental history with repeat tenants.
The location of this full-tract home offers total privacy, amid several other single-home, full-tract properties. Yet the location also offers unique convenience, with Harvey Cedars lifeguards, restaurants, coffee shops, and eateries just blocks away.
This house has not been certified yet, check in with an agent for more info!
Listing provided by Craig Stefanoni
BHHS Zack Shore REALTORS
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