Sale Marks the Highest Recorded Residential Land Sold in Stone Harbor
Two adjoining waterfront lots in Stone Harbor, N.J., were recently sold for $5.7 million by Paul Leiser of Long & Foster Real Estate. The sale marked the highest price ever paid for residential land in Stone Harbor, according to the Cape May County Multiple Listing Service. It was also the community’s third most expensive of any residential property sale, including both beachfront and bayfront homes.
Long & Foster is the No. 1 family-owned real estate company in the United States and the exclusive affiliate of Christie’s International Real Estate on the southern Jersey shore.
Located on Golden Gate Road in Stone Harbor, the land comprised two separate buildable lots with a total of 150’ of frontage on the Intracoastal Waterway. The buyer is preparing to build a new construction home on the 150’ by 100’ property, removing the older cottages that are currently located on each individual lot.
“It’s a great honor for me to represent such an extraordinary property in Stone Harbor, where I’ve lived and worked for nearly 30 years,” said Leiser, who is a leading sales associate with Long & Foster’s Avalon, N.J., office. “Golden Gate Road is one of the premier streets in Stone Harbor, offering privacy, spectacular water and sunset views, along with nearby access to the ocean via Hereford Inlet, and I can’t wait to see the stunning new home that will be built.”
The Golden Gate Road sale is one of Leiser’s many noteworthy real estate transactions. In 2013, he represented the buyer on Stone Harbor’s second most expensive residential land sale. That sale of a 165’ by 130’ bayfront parcel on Sunset Drive closed for $4.675 million.
“Over the past 45 years, Long & Foster has become known for the unsurpassed level of service and industry expertise it provides luxury home buyers and sellers,” said Jeffrey S. Detwiler, president and COO of The Long & Foster Companies, parent company of Long & Foster Real Estate. “Thanks to our exclusive affiliation with Christie’s International Real Estate, as well as our partnership with Luxury Portfolio International, Long & Foster brings our clients the very best opportunities to reach qualified buyers and earn international exposure to an elite clientele.”