Stunning New Record Set in Asbury Park's Penthouse Sale Ushering in an Exciting New Era for the Jersey Shore
LUXURY LIVING TAKES ROOT IN ASBURY PARK: THE LIDO ASBURY PARK SETS RECORD WITH $27 MILLION PENTHOUSE SALE
Asbury Park, New Jersey, is undergoing a remarkable transformation, with luxury developments popping up along the Jersey Shore. One of the most ambitious projects to date is The Lido Asbury Park, a 112-unit luxury condominium development located at 1201 Ocean Avenue.
Developed by Somerset Development and built by Inspired, The Lido represents a key upscale addition to Asbury Park's real estate offerings. The development is significant because it exemplifies the town's broader shift towards high-end oceanfront living, helping to elevate Asbury Park's coastal real estate market.
Key features of The Lido include a variety of spacious floorplans, ranging from about 970 to over 3,800 square feet, catering to diverse lifestyles and family sizes. Residents can enjoy resort-style amenities such as a serene spa, saltwater pools, a private cinema, an oceanfront gym, and multiple leisure spaces designed to create a resort living experience right at home. The prime oceanfront location offers scenic ocean views and direct access to beachfront living, enhancing the appeal of luxury coastal lifestyle in Asbury Park.
The Lido's record-setting sale is a reflection of the ambition and care that went into every inch of the project. The most expensive single-family home on the market in Asbury Park is currently listed for $3.5 million, but The Lido's penthouse recently sold for a staggering $27,000,000 USD, marking a significant sale in the residential market of Asbury Park, which previously topped out around $3 million.
The penthouse spans approximately 3,600 square feet of interior space, with multiple terraces adding another 2,400 square feet of outdoor living areas. Highlights of the penthouse include a double-height living room, a rooftop plunge pool, and an outdoor kitchen.
Ralph Zucker, CEO and founder of Inspired by Somerset Development, views the sale as a reflection of a deeper shift in Asbury Park's market, which he sees as catching up to the town’s potential. He stated that The Lido was designed to be singular, refined, immersive, and thoughtfully detailed.
Asbury Park, known for its punk venues, Bruce Springsteen roots, and crumbling boardwalk, is entering its luxury era. The town is home to cultural additions such as The St. Laurent Social Club, Judy and Harry's, and the Sea.Hear.Now festival. With developments like The Lido, Asbury Park is repositioning itself as a modern, upscale seaside destination.
The Lido is scheduled for completion in 2027. With nearly 50,000 square feet of resort-caliber amenities, The Lido will offer residents a unique blend of luxury, convenience, and coastal living. As the town continues to grow and evolve, The Lido is poised to play a pivotal role in Asbury Park's transformation.
Investing in real estate at The Lido Asbury Park could provide an opportune return, as its residential market is now reaching record highs, with the sale of a penthouse at $27 million. This luxury development, a key addition to Asbury Park's real-estate offerings, caters to an upscale lifestyle, offering home-and-garden amenities such as resort-style pools and spas, and financing a new era of luxury living in a once punk-infused town. Asbury Park's repositioning as a modern, upscale seaside destination presents promising possibilities for those interested in finance and luxury lifestyle.
