Asbury Park condo sells for record $2.46M

New York /
Nov.November 07, 2007 10:20 AM

A penthouse unit at The Esperanza in Asbury Park, N.J., fetched $2.46 million, the most ever paid for a residence in the city’s history. The 3,023-square-foot penthouse, comprising four bedrooms and three baths, is part of a two-tower luxury beachfront condominium along Asbury Park’s waterfront. The unit will include a spacious balcony, a private indoor swimming pool, a fireplace and unobstructed ocean views.

The Esperanza, designed by architect Dean Marchetto & Associates, will have 224 luxury residences ranging from 545-square-foot studios to 3,000-square-foot four bedrooms, with prices starting in the low $400,000s. Amenities will include a members-only fitness center, a 24-hour concierge service, rooftop pool, 23 private cabanas and restaurants on the ground and fifth floor.

The residential complex will also feature an Aqua Grotto spa and Jacuzzi designed by American Leisure, consultants and operators for the building’s lifestyle facilities. The concept is being implemented in several luxury residential buildings throughout New York City, including The Setai at 40 Broad Street and The Visionaire in Battery Park City.

The Esperanza is part of The Metro Homes Collection, which includes Trump Plaza Jersey City, Gull’s Cove — also in Jersey City — and the 113-unit Metrostop condominium in Hoboken.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
Heath Freeman, managing director of Alden Global Capital, and the house at 3503 Lodge Drive in Coconut Grove, Miami (Getty, Compass / Brown Harris Stevens)
“Hedge fund vampire” bites into waterfront Coconut Grove mansion for $19M
“Hedge fund vampire” bites into waterfront Coconut Grove mansion for $19M
The slowing of the housing market has squeezed the profit margins of house-flipping investors. (iStock)
Profit margins on fixer-uppers fall to 10-year low
Profit margins on fixer-uppers fall to 10-year low
The Saratoga County construction company owner defrauded homebuyers and lenders out of $1 million, spending money on himself or other jobs rather than the homes he promised to build. (iStock)
Upstate homebuilder gets prison for failing to deliver
Upstate homebuilder gets prison for failing to deliver
Quick turnaround times have luxury buyers considering modular as an alternative to traditional construction for grandiose homes. (iStock)
Modular construction works for luxury homes, too
Modular construction works for luxury homes, too
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...