239 N Arizona

Description

A rare opportunity to acquire an entire new construction waterfront development on Absecon Island. Located at 239 N. Arizona Avenue, this six-unit bayfront property consists of three buildings with a total of 18 bedrooms, 12 bathrooms, six private decks with panoramic open-water views, 12 garage parking spaces, additional off-street parking, four deep-water boat slips, a brand-new dock system, and a new bulkhead. Just moments from Atlantic City's casinos, beaches, boardwalk, dining, and entertainment, the property offers exceptional flexibility as a luxury investment portfolio, family compound, or waterfront retreat. A rare condominium opportunity where Airbnb and VRBO rentals are permitted, owners can capitalize on strong vacation rental demand while benefiting from favorable rental projections and a valuable five-year tax abatement. Beyond vacation rentals, the property's flexible six-unit layout lends itself to corporate retreats, executive housing, and extended-stay accommodations. Scheduled for completion in Summer 2026, with anticipated delivery on or about August 1, 2026, purchasers have a unique opportunity to secure a nearly completed new construction waterfront asset without the uncertainty and extended timelines often associated with ground-up development. As Atlantic City continues to experience significant public and private investment, new residential development, infrastructure improvements, and ongoing growth along the waterfront, opportunities to acquire newly constructed bayfront properties of this scale, quality, and versatility are becoming increasingly limited. Combining new construction, deep-water boating access, extraordinary bay views, and multiple ownership and income strategies, 239 N. Arizona Avenue represents one of the most unique waterfront opportunities currently available on the Jersey Shore.