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243 87th St, Stone Harbor, NJ, 08247

5beds
7baths
2,716sqft
$4,699,000
$1,730price/sqft
$27,634/moest. monthly cost
$1,105,360/yrincome needed

About This Home

PLEASE JOIN US FOR PUBLIC OPEN HOUSES SATURDAY, MAY 16TH & SUNDAY, MAY 17TH | 10 AM - 2 PM! Welcome to 243 87th Street — a beautifully designed five-bedroom, five full and two half-bath upside-down style home located just two blocks from the beach and moments from the bay. Built by Ed McFalls Custom Homes, this residence reflects high-end craftsmanship, thoughtful design, and effortless coastal sophistication. The sun-filled second-floor living level features an open-concept great room ideal for entertaining. Engineered luxury vinyl flooring provides the warmth and appearance of hardwood with the durability perfectly suited for shore living. Expansive windows flood the space with natural light, creating a bright and inviting setting for gathering with family and guests. The gourmet kitchen is as functional as it is striking, offering quartz countertops, a timeless subway tile backsplash, premium stainless steel appliances, and dual dishwashers designed to accommodate large groups with ease. Each of the five spacious bedrooms includes a private en-suite bath with custom tile finishes, offering both comfort and privacy. Plantation shutters in the bedrooms add a refined coastal touch while enhancing light control and privacy. Additional living spaces include a recreation/family room, a dedicated laundry room, and generous storage throughout the home. Multi-zoned HVAC provides efficient year-round comfort. Outdoor living is equally impressive. Positioned on the sunny south side of the street, the backyard enjoys full afternoon sun and features an oversized in-ground pool, cabana, outdoor grill station, and multiple decks designed for lounging and entertaining. A covered front porch offers a peaceful place to unwind. Atop the home, the third-floor rooftop deck — known as “The Pilot House” — delivers sweeping panoramic views of the bay and town. Complete with a wet bar and beverage refrigerator, it provides yet another expansive gathering space perfect for sunrise coffee, sunset cocktails, or evening relaxation under the stars. A three-car concrete driveway, low-maintenance fiber-board plank siding, and strong, proven rental performance further enhance the home’s appeal. Competitively positioned among comparable five-bedroom new construction offerings in Stone Harbor, this property represents a compelling opportunity in one of the Jersey Shore’s most desirable locations. Whether you’re seeking a private coastal retreat, full-time residence, or high-performing investment property, 243 87th Street offers luxury, location, and lasting value.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
77
BikeVery Bikeable

Schools

6/10
--
Cape May Regional SchoolGrades 7-123.6 mi
8/10
Avalon Elementary SchoolGrades PK,5-83.0 mi

Construction

Condition

  • Year built: 2023

Type & Style

  • Home type: SingleFamily
  • Architectural style: Upside Down
  • Property subType: Single Family Residence

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Exterior Entry

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • Partial bathrooms: 2

Features

  • Cathedral Ceiling(s)
  • Window features: Window Treatments
  • Flooring: Wood,Carpet,Tile
  • Fireplace features: Fireplace Equipment,Gas
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 2,716
  • Total interior livable area: 2,716 sqft

Property

Details

  • Parcel number: 10000870300096

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: In Ground
  • Patio & porch: Patio,Deck,Porch
  • Exterior features: Outdoor Grill,Sidewalks,Outdoor Shower,Sprinkler System
  • Fencing: Fenced

Lot

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

Parking

  • Total spaces: 3
  • Parking features: 3 Car,Concrete
  • 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
  • Strong Wind
    Strong WindVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Strong Wind
Inland Flooding
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 $23,760$285,120
Home Insurance *$654$7,848
Property Taxes $2,921$35,052
Electricity $299$3,592
Total$27,634$331,608
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$947,451/yr
40% on housing$829,020/yr
45% on housing$736,906/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

$1,730This listing

vs Other Active Listings

Avg $/sqft

ZIP 08247$1,456
Cape May County$611

vs Homes Sold Last Month

Median $/sqft

ZIP 08247$1,906
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
2026-02-13Listed for sale$4,699,000
2025-12-29Listing removed$4,599,000
2025-10-03Price change$4,599,000
2025-05-28Listed for sale$4,699,000
2025-05-16Listing removed$4,749,000
2024-12-19Listed for sale$4,749,000
2021-10-29Sold$2,100,000
1987-10-24Sold$191,000

For Sale by Agent

AgentPaul Hughes
BrokerageRE/MAX SURFSIDE

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