Home News South Jersey home listed for nearly $25M is unfinished

South Jersey home listed for nearly $25M is unfinished

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The four-story, 40,000-square-foot home on the Riverton Road lot that straddles the borders of Moorestown and Cinnaminson is on the market for $24.95 million. jersey.

Avalon’s unbuilt seaside home listed for $22.9 million in 2021, MLS Kevin Steiger, real estate agent for Curfeith-Sotheby’s International Realty and distributor of 2801 Riverton Road, said.

“I’m really at a loss as to what words to use to describe this property,” he said. “This home is great for large-scale entertaining. It would be a great property for someone to live in and enjoy.”

It has been under construction for over five years and is about 90% complete. The residence has 7 bedrooms and 10 bathrooms Courtyard with reflecting pool, sports-themed tavern, 6 fireplaces, indoor swimming pool, carriage lift, theater, wine cellar and chapel. When completed, it will total 44,000 square feet.

There’s also a “spa bathroom with a unique tube elevator that gives direct access to the gym and indoor pool area,” according to the property listing.

The 7.7-acre building, set back off Riverton Road, has a story behind it. The house was envisioned by his husband and wife team who built a successful pharmaceutical technology company in Moorestown, but was forced to step down in September.

as T.he reported by the InquirerCarlton and Orsula Knowlton are their Tabula Rasa Health Care Inc. into the wall street favorites When tried to control Stock prices fell and shareholders rebounded. But the two agreed to resign after the board struck a deal with its biggest critic, the company’s largest shareholder.

A Sotheby’s property listing describes the home as a “modern masterpiece,” but some residents of Cinnaminson, where most of the property is located, are less enthusiastic. sparked controversy, some lamenting the loss of a beloved farmhouse that has been here for 200 years.

Cinnaminson and Moorestown officials could not be reached for comment Wednesday.

Despite public curiosity about 2801 Riverton Rd., “There will never be an open house,” Steiger said.

Potential buyers will be required to provide documentation demonstrating “proof of ability” to purchase the property. “He’s 1% of the 1% of people who can afford a property like this,” said Steiger, who generally deals with luxury homes in Bucks County.

“These homes are kind of a pitch,” he said. “Part of my responsibility is to promote the house so that people around the world have a chance to see it.”

The owner “hasn’t touched anything,” says Steiger. “They were building a dream house.”

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