Sold

CLOSED

270 16th St W

Ship Bottom NJ, 08008

$2,575,000


$924.60 per sqft

Sold

CLOSED

6 Beds

4 Baths

2,785 sqft

Residential

Built in 2023

*** LBI RENTAL INVESTORS *** ABOVE AVERAGE ROI *** TURN-KEY *** Fully furnished, 6 Bed, 3.5 Bath home, designed by Craig W. Brearley and built by Don Ruggieri, completed in June 2023, features 2,791 SF of contemporary reversed living. The upper level features an open concept space with living room and gourmet kitchen that includes top of the line Wolf and Sub-Zero appliances along with quartz countertops. Off the kitchen is a large pantry and half bath. Opposite the living room is a large primary bedroom with an ensuite with separate his and her closets.

The mid-level floor has its own primary bedroom and covered walk out deck, two additional bedrooms plus two bunk rooms. The bunk rooms each contain two sets of twin over full bunk beds and this level includes two full baths. The laundry room is also on this level.

Additional features include a 3-Stop elevator, rooftop deck and fire pit, two covered porches with ceiling fans, black Anderson 400 windows, CertainTeed Cedar Impressions vinyl siding, heated saltwater pool, outdoor kitchen with custom granite bar, grill and fridge, natural gas fire table, covered outdoor living space, paver patio, outdoor shower, paver driveway & breezeway. Two car garage. Just two blocks from the beach and one block from the bay. $15K Property Taxes.

Currently an excellent rental property with an in-season rate of $15,000/week. Approximately $185K to date in 2024 rental income. Remaining 2024 leases: Aug 31-Sept 7, Sept 14-Sept 21, Oct 3-Oct 6, Oct 17-Oct 20 and Nov 21-Nov 24. *** There are presently Seven (7) 2025 Signed Contracts for the following dates: June 7-14, June 28-July 5, July 26-August 2, August 2-9, August 9-16, August 30-September 6, 2025 ***. See VRLBI (LISTING #2871) for live dates and rates. 1031 Exchange.

NJOC2028202

MLS ID

September 13, 2024

Listed

December 2, 2024

Updated

Map

270 16th St W
Ship Bottom NJ, 08008

Interior Features

Total Stories

3


Bedrooms

6


Total Bathrooms

4


Full Bathrooms

3


Half Bathrooms

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.14 Acres


Architectual Style

Bi-level


Sewer

Public Sewer

Other Property Details

Area Name

SHIP BOTTOM BORO


Taxes

$5,700


Tax Frequency

Annually


Days on Market

21


Garage

Yes


Garage Spaces

2


Parking

Garage Door Opener, Attached


Parking Total

6


View

No


County

OCEAN


Water Source

Public


Pool

No

Listing History

Date

Event

Price

12/2/2024

Sold

$2,575,000

10/7/2024

Pending

10/3/2024

Under contract

9/13/2024

Active

Listed by The Van Dyk Group - Long Beach Island
Listing Contact: 6094338344 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/2/2024 at 11:48 PM UTC

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