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40 15th St W, Avalon, NJ, 08202

7beds
8baths
3,751sqft
$5,995,000
$1,598price/sqft
$34,530/moest. monthly cost
$1,381,200/yrincome needed

About This Home

Coming Soon — Your Avalon Dream Home. Buyers can pick their finishes now! This fully custom, brand-new construction residence offers the ultimate in luxury coastal living, just a short stroll to the beach and within easy walking distance to downtown Avalon. Located on one of Avalon’s most desirable streets, this exceptional home is thoughtfully designed for the most discerning buyers, showcasing high-end craftsmanship and premium finishes throughout. The home features 7 bedrooms, 6 full bathrooms, and 2 half baths, with a smart, functional layout across three expansive levels with a 4-stop elevator. Positioned on the south side of the street with underground utilities, the property enjoys abundant natural sunlight, perfectly enhancing the rear-yard pool and outdoor entertaining area. The first floor offers three bedrooms, two full baths, a powder room, laundry, and a spacious family room that opens directly to the rear deck—ideal for seamless indoor-outdoor living. The second floor is designed for entertaining, featuring the main living room, dining area, gourmet kitchen with pantry, a half bath, and two ensuite bedrooms. The third floor includes a junior primary suite with walk-in closet, a true primary suite with walk-in closet, and a convenient third-floor laundry. An exceptional opportunity to own a thoughtfully designed, luxury new construction home in one of Avalon’s premier locations.

Getting Around

38
WalkingCar-Dependent
0
TransitVery Limited Transit
69
BikeBikeable

Schools

8/10
Avalon Elementary SchoolGrades PK,5-80.9 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Self Cleaning Oven,Microwave,Refrigerator,Washer,Dryer,Dishwasher,Disposal,Gas Water Heater,Instant Hot Water
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 8
  • Full bathrooms: 6
  • Partial bathrooms: 2

Features

  • Cathedral Ceiling(s),Elevator,Storage,Walk-In Closet(s),Eat-in Kitchen,Pantry
  • Flooring: Wood,Tile
  • Fireplace features: Gas
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 3,751
  • Total interior livable area: 3,751 sqft

Property

Details

  • Parcel number: 01000150200008

Features

  • Levels: Three Or More
  • Stories: 3
  • Private pool: Yes
  • Pool features: In Ground
  • Patio & porch: Patio,Deck,Enclosed/Covered Patio
  • Exterior features: Sidewalks,Outdoor Shower,Sprinkler System
  • Has spa: Yes
  • Spa features: Outdoor Hot Tub
  • Fencing: Fenced
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water

Lot

  • Lot size: 5,500 sqft
  • Features: Interior Lot
  • Lot size dimensions: 50' x 110'

Parking

  • Total spaces: 3
  • Parking features: Garage,3 Car,Garage Door Opener,Concrete
  • Has garage: Yes
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Inland Flooding
    Inland FloodingVery High
  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Strong Wind
Hurricane
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $30,313$363,756
Home Insurance *$689$8,268
Property Taxes $3,115$37,380
Electricity $413$4,961
Total$34,530$414,360
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,183,885/yr
40% on housing$1,035,900/yr
45% on housing$920,800/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,598This listing

vs Other Active Listings

Avg $/sqft

ZIP 08202$1,439
Cape May County$611

vs Homes Sold Last Month

Median $/sqft

ZIP 08202$1,478
Cape May County$460

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-07Listed for sale$6,250,000
2026-08-06Listing removed$5,995,000
2026-01-10Listed for sale$5,995,000
2025-12-23Sold$2,850,000

New Construction

AgentMatthew Brunner
BrokerageFERGUSON-DECHERT, INC

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