40th St

Sea Isle City | New Jersey

The Essence of

Modern Luxury

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Francis Mellace

Presented At

$4,800,000

Bedrooms

Bathrooms

Living

918

SQFT

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40th St

Sea Isle City | New Jersey

28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. , Sea Isle City , New Jersey 08243

2 Bedrooms Single Family Detached

Location: The properties consist of building on the corner of 4001 Landis and the home behind it at 28 40th St. This is arguably noted as the busiest corner in Sea Isle City. Currently the corner building hosts the Coastal Chop House, South Jersey new and Premier Steakhouse and 2 condos above, which is located Directly across from the famous Ocean Drive Restaurant and Bar. 40 St is also the main walk-up street to the public beach access. These Properties are one of if not the most prime location in all of Sea Isle City for both residential and commercial development. Plans have been approved for the demolition of 4001 Landis and 28 4th St. to combine the 2 lots and rebuild a new building that would house a 1st floor commercial redevelopment consisting of 1 main sit down restaurant and 6 walk up food vendor windows. The 2nd floor would consist of 6 units 5 being approximately 1260 Sq foot 2 story Condos and 1 commercial unit of the same size. Obviously a potential buyer may choose other options including continuing the existing uses of the buildings but these plans are approved and add significant value. Current Project Approval: The first floor must remain commercial. The second and third floors will consist of 5 condos (for residential use). Each unit is approx. 1260 Sq Ft. The sixth unit must also remain commercial, potentially for managing the property (e.g., HOA or similar). Pricing & Financials: Asking Price: $4.8 million. Anticipated Resale of Upper Units: Between $1.3M

$1.5M each for the condos. They do have ocean views. ROI $6.5
$7.5M just in the resale condo

Property

3D Street View Tour

Property Location

28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States., Sea Isle City New Jersey

Local Weather & Climate

Sea Isle City, New Jersey

Current Conditions Updated recently

56 °F

Scattered clouds

Feels Like 56°F

Humidity 85%

Wind 1 mph

Visibility 2.7 mi

Sunrise 11:19 AM

Sunset 10:59 PM

5-Day Forecast

Tue 10 Mar

Clouds

High 59°

Low 49°

Wed 11 Mar

Clouds

High 62°

Low 46°

Thu 12 Mar

Clouds

High 62°

Low 40°

Fri 13 Mar

Clouds

High 42°

Low 32°

Sat 14 Mar

Clouds

High 49°

Low 42°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Sea Isle City?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
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The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
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$480,000,000

28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States.

Sea Isle City, New Jersey 08243

2 Beds

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Market Opinion

Ultra Luxury 290.9× median

View prices in:

Our perspective on current market conditions in Sea Isle City. For informational purposes only — always consult a licensed real estate professional before making decisions.

Consider Waiting

Market favors sellers. Patience may pay off.

Buyer Score

Prices are up 11.3% year-over-year

Local Market Price Trends

Median home sale prices in Sea Isle City, New Jersey — ZIP code 08243 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $480,000,000

Area median: $1,650,000

+11.3% year-over-year (well above the 3.5% historical avg)

Market Competition

20 days

Days on Market

Below typical

98.9%

Sale-to-List Ratio

Below asking

Future Value & Wealth Building

Starting investment: $4,800,000 20% down ($960,000)

14.3 years

Double Your Investment

Based on current market trends, your property value could double

$4,501,987

10-Year Equity

Your potential equity after 10 years of payments and appreciation

+$597,182

Appreciation Beats Rent

Potential gain vs 10 years of renting a similar home

$25,548

Monthly Investment

Estimated monthly mortgage payment (principal & interest)

$20,574,562

30-Year Wealth Potential

Total equity after full mortgage payoff with market appreciation

4.7x

Leverage Power

Your $960,000 down payment could grow to $4,501,987 in equity (10 yrs)

Investment Perspective

$1 → $1.62

Every dollar invested today could become $1.62 in 10 years

$100 → 162 $1,000 → $1,624

$654/day

Your home may appreciate while you sleep

$4,589/week $19,884/mo $238,612/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$412K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 59% advantage over stocks

-$2.6M

+$4.5M

$4.5M Potential Equity

vs $2.6M lost to rent over 10 years

$960K Down Payment Growth

4.7x

10yr

$4.5M

10.9x

20yr

$10.5M

21.4x

30yr

$20.6M

Wealth Comparison

×49

Equivalent to 49 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $20.6M

Time to Double Your Investment (accounting for market cycles)

26.5

years

Conservative

2.65% effective/yr

14.3

years

Market-Based Above Avg

4.97% effective/yr

years

Optimistic

5.96% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $6.2M +30%

Market $7.8M +62%

Optimistic $8.6M +78%

$4.5M est. equity

20 Years

Conservative $8.1M +69%

Market $12.7M +164%

Optimistic $15.3M +218%

$10.5M est. equity

30 Years

Conservative $10.5M +119%

Market $20.6M +329%

Optimistic $27.3M +468%

$20.6M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average

4.27 %

1967 – 2024

57 years of U.S. home price data

Recent Decade Average

6.5 %

2014 – 2024

Post-recovery bull market

Above Historical

Current 5.9% appreciation exceeds the national historical average (4.3%). Market-based projections reflect current conditions that may moderate over time.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 5%. Market scenario reflects current 5.9% YoY trend from Redfin (Mar 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Mar 2026

Neighborhood Demographics

ZIP 08243 • 2022 ACS Data

2,047 Population

Median Age: 65.0

$90,703 Median Income

Above Average

$903,100 Median Home Value

Rent: $1,210

45.6% College Graduates

High

Housing

Homeowners 15.5%

Renters 1.2%

Vacancy Rate 83.3%

Employment

5.8% Unemployment

25.8% Work From Home

Education Attainment (Age 25+)

High School+ 97.8%

Bachelor's+ 45.6%

Graduate+ 18.7%

Data from U.S. Census Bureau American Community Survey 2022

Local Market Trends

Real estate market data for Sea Isle City

Hot Market Homes selling quickly with high competition

$1,650,000

Median Sale Price

$807

Price per Sq Ft

Avg Days on Market

Data provided by RentCast

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States have?

This house at 28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States features 2 bedrooms with 918 square feet of living space.

What is the size of 28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States?

This property offers 918 square feet of living space.

What is the listing price for 28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States?

This property is listed at $480,000,000, which equals $522876 per square foot.

What are the current real estate market conditions in Sea Isle City?

In Sea Isle City, home prices have increased 11.3% over the past year, homes typically sell within 20 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.

Is now a good time to buy a home in Sea Isle City?

Based on current market indicators, Sea Isle City shows an active market. The market opportunity score is 40 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States?

This is a house located in Sea Isle City, New Jersey. The property is situated in an established neighborhood with convenient access to local amenities and services.

Brokerage: