The Tide Has Turned On The Atlantic City, NJ Real Estate Market

I have been writing a lot about the the great Atlantic City comeback story. Real Estate Developer Brian Zoubek, President & CEO of Zoubek Properties is proving this comment to be a fact n eal time.

Snug Harbor Waterfront Home Has Sold For A Record $ 1 Million+

This also proves something that I have long maintained — Atlantic City, New Jersey is a mature, viable destination resort and an investable market.

Zoubek Is Shattering Records

Zoubek has now officially completed both his Phase 1 and Phase 2 at Snug Harbor.

Phase 1 is completely sold out, achieving record-setting Atlantic City single-family home sale prices for Atlantic City.

The last two properties sold for $ 950,000.

Phase 2 is also now complete, with two waterfront luxury properties (618 & 620 North Connecticut Avenue) currently listed at $ 1,095,000 each.

This is not just an asking price "pipe dream." One of the $ 1,095,000 Phase 2 homes is presently under contract for just under the asking price.

Atlantic City Waterfront Property Value Is Exceptional

When you look at waterfront communities such as Ocean City, Avalon and Stone Harbor -- entry level bay front homes regular sell for $ 2.5 million and beyond. This makes Atlantic City one of the best waterfront deals in New Jersey and the the nation.