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$2.6m Esperanza penthouse sale most expensive residential sale in Asbury Park.


[ILLUSTRATION OMITTED]

The Esperanza at Asbury Park Asbury Park, city (1990 pop. 16,799), Monmouth co., E N.J. An Atlantic resort noted for its beach, boardwalk, and convention hall, it has declined since the 1960s. The burning liner Morro Castle grounded off the beach here in Sept. , the striking two-tower luxury beachfront beach·front  
n.
A strip of land facing or running along a beach.

adj.
Situated along or having direct access to a beach: beachfront hotels; beachfront property.

Noun 1.
 condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 development, has just sold a penthouse unit for $2.46 million--making it the most expensive residential sale in Asbury Park's history.

The 3,023 s/f penthouse features four bedrooms and three baths. The home also includes a balcony, private indoor swimming pool, fireplace, ceilings up to 16 feet and direct, unobstructed ocean views.

"Since sales began three months ago, The Esperanza has sold more than 50 homes, proving the burgeoning interest in Asbury Park," said developer Dean Geibel, managing partner of the Hoboken-based Metro Homes.

"It is no surprise that The Esperanza broke the record with its penthouse sale, as the building offers buyers the complete package--a resort lifestyle primely located just steps away from the beach and boardwalk, lavish hotel-like services, and unprecedented amenities." Designed by architect Dean Marchetto & Associates, The Esperanza will boast 224 luxurious homes ranging in size from approximately 545 s/f studios to approximately 3,000 s/f four bedrooms, and are priced starting in the low $400,000s. Each residence will include custom kitchens and baths.

Traditional, classic or contemporary selections are being offered. In addition to its custom homes, The Esperanza will also offer residents an incredible array of amenities including a "residents only" fully-equipped fitness center and Aqua Grotto spa with steam rooms, treatment rooms and a Jacuzzi; 24-hour "At Your Service Now" concierge service; club room with poker and billiards billiards, any one of a number of games played with a tapered, leather-tipped stick called a cue and various numbers of balls on a rectangular, cloth-covered slate table with raised and cushioned edges.  tables; lounge-style screening room; and rooftop pool area replete re·plete  
adj.
1. Abundantly supplied; abounding: a stream replete with trout; an apartment replete with Empire furniture.

2. Filled to satiation; gorged.

3.
 with an outdoorheated swimming pool, poolside pool·side  
n.
The area next to or around a swimming pool.
 food service, shipwreck-themed children's play area, Great Lawn and 23 private cabanas.

Two restaurants will also occupy the building and serve the burgeoning community.

"This is a one-of-a-kind development in which every day will feel like a vacation," said Jackie Urgo, president of The Marketing Directors, Inc., marketing and exclusive sales agent for the development.

"Offering the perfect balance between comfort and luxury, The Esperanza is truly shore living at its finest."

The Esperanza at Asbury Park is part of The Metro Homes Collection, which also includes Trump Plaza Trump Plaza is a name associated with several buildings in the Trump Empire
  • Trump Plaza (Atlantic City) is the 39-story Trump Plaza Atlantic City Hotel & Casino in Atlantic City, NJ built in 1984 owned by Trump Entertainment Resorts.
 Jersey City, a spectacular enclave of luxury condominium homes; Gull's Cove, a community of 432 condominium residences that is part of a major Jersey City waterfront redevelopment effort; and Metrostop, 113 condominium homes in Hoboken, New Jersey Hoboken is a city in Hudson County, New Jersey, United States. Geography

Hoboken is located at 40°44'41" North, 74°1'59" West (40.744851, -74.032941).GR1
.
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Title Annotation:RESIDENTIAL
Comment:$2.6m Esperanza penthouse sale most expensive residential sale in Asbury Park.(RESIDENTIAL)
Publication:Real Estate Weekly
Date:Nov 14, 2007
Words:384
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