An oceanfront cottage located at 2 111th Street in Stone Harbor, Jersey Shore, recently sold in a private sale for a record-breaking $10 million. This single-family property, boasting breathtaking views from its stunning 270-degree viewing point, achieved an impressive price per square foot of $8,163. Spanning across 1,225 square feet of living space, this property's exceptional location and views were the driving factors behind its high value. The buyer intends to replace the existing 1950s-era cottage with a new construction, further enhancing the potential of this prime real estate.

Summary of transaction details

• Property Type: Single Family
• Sale Price: $10,000,000
• Square Footage: 1,225
• Price per Square Foot: $8,163
• Address: 2 111th Street, Stone Harbor
• Market: Stone Harbor

In this successful transaction, Jack Vizzard from Berkshire Hathaway Homeservices Fox & Roach Realtors represented the seller. His expertise and negotiation skills played a significant role in achieving the highest price per square foot ever recorded for a property in this area. The buyer saw the immense potential of this oceanfront gem and plans to capitalize on its exceptional location and views by replacing the existing cottage with a modern construction. This deal marks an exciting milestone in the real estate market of Stone Harbor, showcasing the desirability and value of oceanfront properties in this area.