2 months on rocket

38 Arkansas Ave, Ocean City, NJ, 08226

$7,995,000

7 Bedrooms
5 Full Baths, 1 Partial
5,109 SqFt
$1,565/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingParking Pad, Two Car
Attached Garage2 spaces
Year BuiltNew Const., 2025
HeatingNatural Gas, Zoned
CoolingCeiling Fan(s), Central Air
WaterfrontBay Front, Lagoon, See Remarks
FireplaceBuilt-In, Gas Log, Living Room, More Than 1, See Remarks
ViewBay, Lagoon, See Remarks
Private PoolYes
MLS #589937
StatusActive

About 38 Arkansas Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: 3 Story
  • Year Built: 2025
  • Stories: 3
  • Living Area: 5,109 SqFt

Listing Office:

  • Office Name: LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave
  • Office Phone: (609) 938-9954

Interior Features

Interior Information:

  • Appliances: Disposal, Dishwasher, Dryer, Gas Oven, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Basement: No
  • Flooring Type: Hardwood, Tile, W/W Carpet
  • Interior: Elevator, Handicap Features, Kitchen Center Island, Walk In Closet
  • Fireplace: Built-In, Gas Log, Living Room, More Than 1, See Remarks

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Bay Front, Lagoon, See Remarks
  • View: Bay, Lagoon, See Remarks
  • Exterior: Boat Slip, Curbs, Deck, Pool-In Ground, Porch, Sidewalks, Sprinkler System

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Parking Pad, Two Car

Lot Features

Lot Information:

  • Lot: Boat Slip, Curbs, Sidewalk, Sprinklers

Utilities

Utilities Information:

  • Heating: Natural Gas, Zoned
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: 9th Street bridge to right on Bay Ave, then right on Arkansas. Property on left side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,995,000
  • Price Per SqFt: $1,565/SqFt

Tax Information:

  • Annual Amount: $9,424
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Ocean City, NJ.

Med. Sold Price

$915.8K

Med. Price/SqFt

$692

Avg. Days On Market

74

# of Sold Homes

33

38 Arkansas Ave vs Ocean City

67 DAYS ON ROCKET

-7 Days

$7,995,000

+$7.0M More

$1,565/SqFt

+$873 More

KEY TAKEAWAY

This property is $7.0M more than the Median Sold Price and $873/SqFt more than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #589937

Listing Office:

  • Office Name: LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave
  • Office Phone: (609) 938-9954

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:21:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,424$1,273,300
2019$12,198$1,273,300
2018$12,198$1,273,300
2017$12,007$1,273,300

History based on county public records data.

Payment Calculator

$39.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$24K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4490595
5
/10
  • Ocean City Primary School

  • 550 West Ave

  • 1.48 miles

  • Public District Grades PK-3

school-card-donut-4490596
5
/10
  • Upper Township Elementary School

  • 50 N Old Tuckahoe Rd

  • 2.73 miles

  • Public District Grades 3-5

school-card-donut-4490597
2
/10
  • Dawes Avenue Elementary School

  • 22 W Dawes Ave

  • 3.57 miles

  • Public District Grades KG-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,598. Most Ocean City, NJ residents have annual incomes between $35k-100k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 38 Arkansas Ave

What is the listing price of this property?

The listing price of 38 Arkansas Ave property is $7,995,000.

What type of property is this?

The property 38 Arkansas Ave is a house located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 38 Arkansas Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,424 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 38 Arkansas Ave has 7 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 38 Arkansas Ave is 5,109 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 38 Arkansas Ave is 2025.
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Rocket HomesNew JerseyCape May CountyOcean City0822638 Arkansas Ave

This home is located at 38 Arkansas Ave in Ocean City, NJ and zip code 08226. This 5,109 square foot home was built in 2025. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $7,995,000.

In November 2024 more than 5 listings in Ocean City, NJ were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 20 were sold below. The number of listings in Ocean City, NJ decreased by 9.3% between October 2024 and November 2024. In November 2024 median list price was $915,800 and the average listing age was 74 days.

From Rocket Homes Real Estate and based on county public records data.

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