Posted on: 10-04-19
Sales at East Gate entering final phase
For home buyers on a budget, now may be the ideal time to purchase a home at one of the Jersey Shore’s most unique and popular live/work/play destinations - East Gate in Oceanport. Currently, the low cost of ownership due to attractive pricing, below market maintenance fees, low interest rates and favorable taxes have created a “value” buying opportunity at the upscale collection of 68 residences, developed by RPM Development Group, on the 1,226-acre former Fort Monmouth Army post.
The value factor at East Gate extends to purchasers throughout the buying spectrum, from young families looking to purchase their first home to move down empty-nesters who have sold a residence and have cash on hand. Its inventory includes townhomes, duplexes and single-family residences that fulfill a variety of lifestyle needs and provide financing structures with reasonable monthly payments.
Homes at East Gate deliver a special lifestyle by blending modern and luxury living spaces with historic charm. It’s a formula that has added up to impressive sales success with over 70 percent of its residences sold, according to CB New Homes, which is conducting the on-site sales program.
The high buyer velocity has led to the release of the final phase, Officer’s Row, a premium offering of just eight high-end duplexes situated in one of the most desirable community locations on Allen Avenue with scenic waterviews of Parker’s Creek. The luxury of the spacious three-bedroom homes is rooted in the prestige for which they are named, having served as acclaimed residences for high ranking officers stationed on the post.
“Current market conditions have prompted many buyers who have been on the sidelines to move forward with the purchase of a new home,” says Michael Hong, assistant vice president of Development at RPM. East Gate has been at the top of their list for multiple reasons.
“Of course, it starts with the homes themselves which are one-of-a-kind in today’s market,” says Hong. “There’s also a lessened financial responsibility when compared to other new home communities thanks to our pricing, low HOA payments and near historic low 3.65-percent mortgage rates. Add in our location in Oceanport, which was recently cited as one of the state’s top places to live by New Jersey Monthly due in large measure to its strong home values and low property taxes, and it’s easy to see why so many are choosing this very appealing ownership opportunity.”
Homes in Officer’s Row are priced from the $800,000s and feature 2.5 baths, spacious dining/living room, open concept kitchen, expansive master bedroom suite with lavish master bath and sitting room and den. As an added bonus, crown molding can be found throughout the main living level and hardwood flooring is offered on both the first and second floors, desired finishes not available in previous duplexes. The new homes are attractively showcased in a furnished model residence located at 30 Russel Avenue.
East Gate has been quick to differentiate itself thanks to eye-catching architecture and distinctive homes that offer an attractive alternative to the area’s conventional housing stock. To create a nostalgic, yet modern living experience at the community, RPM Development has blended the original building exteriors which date back to the early 20th century with contemporary interiors boasting expansive living spaces and designer finishes and appointments.
In addition to Officer’s Row, a limited number of townhomes and duplexes are available in Phase II at East Gate priced from the $500,000s to the mid-$700,000s.
Palermo Edwards Architecture has reimagined the buildings’ interiors to created new two- and three-story homes with luxurious kitchens and bathrooms and a high level of style and comfort. Generous floor plans feature designer elements, modern kitchens with granite or quartz countertops, stainless-steel Kohler fixtures and GE appliance packages; and master-bathroom suites with double-vanity countertops, Moen Eva faucets and showers with frameless shower doors. The single-family homes’ master bath exclusively features showers with built-in benches and frameless shower doors, and Kohler’s Sunstruck 65-inch soaking tub.
Situated in the sought-after Borough of Oceanport, East Gate has been designed to offer a classic residential environment with a twist of historic charm. Homeowners enjoy the added benefit of residing in an inviting and established neighborhood where community sidewalks are already completed and mature trees dot the landscape.
Residents enjoy live/play amenities and services, including the nearby Marina at Oceanport, parade grounds and open space, as well as an expected bowling alley, microbrewery, walking trails and The Fort Athletic Club which is slated to open soon.
Oceanport is one of Monmouth County’s most desired residential settings, combining a distinctly suburban environment with award-winning schools. The Borough also provides a commuter-friendly location with easy access to Jersey Shore communities and attractions.
East Gate itself is situated just minutes from popular New Jersey beaches and the banks of the Shrewsbury River, and is in proximity to the entertainment, dining and culture of Red Bank and Asbury Park. Commuters are two miles from NJ Transit’s Little Silver Train Station, which provides direct service to Manhattan, as well as easy access to major highways including routes 35, 36, 18 and the Garden State Parkway.