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Sold for $8,500,000
  • $8,500,000

    38 Arkansas Ave, Ocean City, NJ 08226

    7beds
    5,109sqft
    Single Family Residence
    Built in 2025
    8,480 Square Feet Lot
    $8,748,100 Zestimate®
    $1,664/sqft
    $7,816 Estimated rent

    Home value

    $8,748,100

    $8.14M - $9.45M

    $7,816/mo

    Zestimate® history
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    What's special

    Two fireplacesLarge loft spaceClassic cedar sidingBrand new dockPlay areaFitness areaRecreation room
    This magnificent new construction home is the latest project from local esteemed builder, Halliday Leonard. This rare OVERSIZED 80’ x 105’ waterfront lot is truly a unique opportunity offering 7 bedrooms, 5.5 baths, and spanning over 5,100 square feet. This masterpiece will be the perfect home for your friends and family to enjoy summers on the water, or for year-round living. Located on the Arkansas Ave & Walnut Road canal in the Riviera neighborhood, which gives you quick access to the open bay. You'll keep everyone active and entertained at home with a brand new dock, multiple decks, and a pool. The exterior's classic cedar siding invokes memories of generational summer cottages, and the interior will be finished to the highest standards. Some interior features will include two fireplaces; one in the living room, one in the master bedroom, a custom kitchen with a massive island and Wolf/SubZero appliance package, and an elevator for convenient access to the second and third floors. The second floor offers 5 bedrooms, including two ensuites and an expansive master suite. The two other bedrooms share a jack-and-jill bath. Head up to the third floor to find two more generously sized bedrooms, a full bath, and a recreation room that opens to a sunny deck. There is also a large loft space on the third floor, perfect for a play area, an office space, or possibly a fitness area. Don't put off investing in a home for your family's dreams to become happy memories.

    Zillow last checked:

    Listing updated:

    Listed by:

    DOUGLAS GRISBAUM 609-335-3801,

    LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

    Bought with:

    Marialena Recupero

    Source: SJSRMLS,MLS#: 598886MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Dining Area, Great Room, Laundry, Library/Study, Loft
    Heating
    • Natural Gas, Multi-Zoned
    Cooling
    • Ceiling Fan(s), Central Air
    Appliances
    • Included: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
    Features
    • Elevator, Kitchen Island, Walk-In Closet(s), Pantry
    • Flooring: Hardwood, Tile, W/W Carpet
    • Basement: Crawl Space
    • Has fireplace: Yes
    • Fireplace features: Built-In, Gas Log, Living Room, More Than 1, See Remarks
    Interior area
    • Total structure area: 5,109
    • Total interior livable area: 5,109 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Parking Pad, Garage, Attached Garage, Auto Door Opener
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Elevator, Handicap Features
    Features
    • Levels: 3 Story
    • Stories: 3
    • Patio & porch: Deck, Porch
    • Exterior features: Boat Slip, Deck, Pool-In Ground, Porch, Sprinkler System
    • Pool features: In Ground
    • Has view: Yes
    • View description: Bay, Lagoon Front
    • Waterfront features: Bay Front, Bulkheaded, Lagoon Front
    • Frontage type: Bay/Harbor,Lagoon/Estuary
    Lot
    • Size: 8,480 Square Feet
    • Dimensions: 80' x 106'
    Details
    • Parcel number: 13

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Cedar
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Ocean City

    Financial & listing details

    • Price per square foot: $1,664/sqft
    • Tax assessed value: $929,900
    • Annual tax amount: $1
    • Date on market: 8/1/2025
    • Date available: 08/01/2025

    Price history

    DateEventPrice
    4/27/2026Sold$8,500,000$1,664/sqft
    Source: SJSRMLS #598886 Report a problem
    8/13/2025Contingent$8,500,000$1,664/sqft
    Source: Long & Foster Broker Feed #598886 Report a problem
    8/12/2025Pending sale$8,500,000$1,664/sqft
    Source: SJSRMLS #598886 Report a problem
    8/2/2025Price change$8,500,000+6.3%$1,664/sqft
    Source: SJSRMLS #598886 Report a problem
    10/11/2024Listed for sale$7,995,000+125.2%$1,565/sqft
    Source: SJSRMLS #589937 Report a problem
    9/15/2024Sold$3,550,000-15.4%$695/sqft
    Source: SJSRMLS #581380 Report a problem
    4/4/2024Contingent$4,194,000$821/sqft
    Source: Long & Foster Broker Feed #581380 Report a problem
    4/3/2024Pending sale$4,194,000$821/sqft
    Source: SJSRMLS #581380 Report a problem
    2/13/2024Price change$4,194,000-3.5%$821/sqft
    Source: SJSRMLS #581380 Report a problem
    1/19/2024Listed for sale$4,344,000+630.1%$850/sqft
    Source: SJSRMLS #581380 Report a problem
    6/26/1998Sold$595,000+85.9%$116/sqft
    Source: Public Record Report a problem
    8/17/1995Sold$320,000$63/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,433 -27%$929,900 -27%
    2024$14,286 +4.8%$1,273,300
    2023$13,637 +6.6%$1,273,300
    2022$12,797 +2.8%$1,273,300
    2021$12,453 +1.1%$1,273,300
    2020$12,313 +0.9%$1,273,300
    2019$12,198 $1,273,300
    2018$12,198 +5.6%$1,273,300
    2017$11,549 +1.3%$1,273,300
    2016$11,396 +1.5%$1,273,300
    2015$11,231 +4.8%$1,273,300
    2014$10,721 +7.5%$1,273,300
    2013$9,970 -27.4%$1,273,300
    2012$13,730 +2.6%$1,273,300 -30.3%
    2011$13,383 +3.8%$1,825,800
    2010$12,890 +4.4%$1,825,800
    2009$12,342 +22.1%$1,825,800
    2008$10,105 +3.1%$1,825,800 +80.7%
    2007$9,802 $1,010,500
    2006-- $1,010,500
    2005-- $1,010,500
    2004$9,802 $1,010,500
    2003-- $1,010,500 +112%
    2002-- $476,600
    2001-- $476,600
    Find assessor info on the county website

    Neighborhood: 08226

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $8,748,100
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    Estimated market value
    $8,748,100