397 20th Street $8,695,000

One of the single most extraordinary bayfront sites in all of Avalon is now available. This sprawling parcel measures 100’ x 130’ or 13,000 square feet of land area. The massive site offers an extremely rare combination of tranquility and town proximity, with expansive and unobstructed views of the water and all of the wildlife on Cedar Island. The landmark structure was originally built in 1900 and is one of the most recognizable bayfront homes in Avalon. Aside from updating the existing structure, this property offers an array of possibilities. The home can be torn down and a single residence could be constructed offering up to 9,100 interior square feet. With approvals from the necessary authorities, this parcel could be subdivided into two 50’ x 130’ lots whereafter either single family homes or side by side townhomes can be developed. Situated just 11 homes from the 21st Street bridge, a short stroll into town for shopping, dinner or nightlife is an easy endeavor. For boaters, this extremely unique location leaves a very short ride to fast water and, ultimately, into the ocean. Don’t miss your opportunity to consider this one-of-a-kind Avalon bayfront estate. Property is sold in as-is and where-is condition.

This listing is provided courtesy of FERGUSON-DECHERT, INC