Real estate investment, finance, and development company, iStar, said Feb. 17 that Asbury Ocean Club, its oceanfront residential building in Asbury Park, is celebrating a record year in sales volume and a strong start to 2021.
With over $50 million in sales over the last seven months of 2020 and seven contracts already out for 2021, the team anticipates that this year will be a very busy one at Asbury Ocean Club.
Last year, the building saw a significant increase in interest in large residences, selling out of two of their three-bedroom designs and signing contracts on four penthouses, with two closing at record-breaking prices above $5 million.
“Asbury Ocean Club offers an unparalleled luxury, hospitality-style residential experience and we’re thrilled to have seen such an overwhelming response from buyers, especially in the current market,” said Brian Cheripka, senior vice president, Land & Development of iStar. “Designed by a team of world-class designers with the entire beach as your front yard, and offering luxury living year-round, buyers are recognizing the value of this lifestyle and purchasing a home at Asbury Ocean Club.”
With over 50% of Asbury Ocean Club’s duplex penthouses already sold, just two duplex penthouses with their breathtaking views and rooftop terrace featuring outdoor sundeck, shower, built-in kitchen and year-round sunroom remain. Uniquely positioned to offer lasting value to its residents, each home at Asbury Ocean Club is designed with spacious, open floor plans, incredible ocean views, private outdoor space, and 24-hour access to hospitality amenities that all together create a one-of-a-kind offering for its buyers.
The continued sales momentum at Asbury Ocean Club can be attributed to a number of factors but one of the most important is the year-round value offered to buyers at Asbury Ocean Club – residents can enjoy luxurious seaside living 365 days a year.
“As prospects thought about how to plan an escape over the past 12 months, our buyers were looking for something accessible by car. Whether it was a lifestyle change or a temporary full-time relocation, Asbury Ocean Club became an obvious solution,” said Jodi Stasse, senior managing director of Sales for Corcoran Sunshine Marketing Group, the exclusive sales and marketing firm for the project.
Designed by Handel Architects and Anda Andrei Design, Asbury Ocean Club rises 17 stories above the Atlantic, offering 130 bespoke homes with spectacular views and carefully chosen finishes throughout. Setting a new standard for luxurious residential living, each living space at Asbury Ocean Club boasts ocean views, ceiling heights up to 10-foot, and wraparound terraces.
Asbury Ocean Club features a curated suite of amenities and services including 24-hour access to hospitality services. Residents will also be able to enjoy an ocean front pool, poolside bar and grill, and outdoor fireplace and lounge, a fitness center designed by The Wright Fit, spa with massage and facial treatments, and relaxation area, and yoga room with meditation terrace. The 3rd Floor Amenities space also boasts a library and game room with billiard table, lounge with full chef’s kitchen for private events, children’s playroom, screening room to provide the full cinema experience, and pet washing station for our furry and sandy friends.
Asbury Ocean Club features one-, two-, three-bedroom residences and expansive duplex
penthouses with private roof decks and ocean view terraces. Pricing at Asbury Ocean Club starts at $897,000. The sales gallery and onsite model residences are located at 1101 Ocean Avenue, Asbury Park.