Huge Buildable Lot Oceanfront in Stone Harbor Comes on the Market
This particular property can be broken into two separate lots. The buyer could potentially build two homes on this parcel. The Stone Harbor ordinances state that lots require 60 ft of frontage. This particular lot on 115th and 112th Street in Stone Harbor has 124 ft. This is not the only property owned by the Servants of the Immaculate Conception. It is part of 13 lots owned by the Servants of the Immaculate Heart of Mary, a religious order based in Pennsylvania.
This unusual double-size lot has been listed for $14 million. It is expected by a number of individuals to exceed the asking price. It could also amount to the highest price ever paid for an oceanfront lot. Oceanfront lot prices in Stone Harbor have doubled every 5 to 10 years. So in addition to the inventory shortage, there is also a significant shortage of buildable lots, especially with oceanfront views.
The plot represents 13,200 ft. Building codes allow for two separate buildings to be built on the parcel.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single-family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.
Connect with Ralph on LinkedIn: https://www.linkedin.com/in/ralphaponte/