Most Expensive Condo Ever Sold In NJ Sold At LIDO Asbury Park, Which Had Groundbreaking Monday

ASBURY PARK, NJ — There's a new extremely luxury condo building going up in Asbury Park: It's called LIDO Asbury Park and it's an eight-story building being built at 1201 Ocean Avenue.

LIDO started selling condos in July and already set a record for the highest-priced condo ever sold in New Jersey: A four-bedroom, three-and-a-half-bath penthouse at LIDO sold in the fall of 2025 for $7.6 million (yup, that beats prior condo sales at the Hudson Tea building in Hoboken and elsewhere in the state).

LIDO is owned by Ralph Zucker, the same man who owns Bell Works office building in Holmdel. Zucker is the owner and CEO of Inspired by Somerset Development, the development company that owns Bell Works.

Monday was the groundbreaking for LIDO, which is the date construction officially started. LIDO will be 112 luxury condominiums (lido means "beach" or "seaside" in Italian) and pricing starts at $1,035,000, with select condos priced over $8 million. Completion is expected in 2027.

Condos range from one- to four-bedrooms, at 970 square feet at the smallest to 3,800+ square feet. The most expensive condos have private outdoor terraces and private plunge pools. Some homes have floor-to-ceiling windows that offer panoramic views of the Atlantic Ocean, famous Asbury Park landmarks and the boardwalk.

LIDO will have the following amenities for condo owners:

• A year-round indoor-outdoor saltwater spa pool with a sun shelf and infinity edge.
• Hot and cold plunge pools, a Turkish hammam and Vichy shower and a treatment room for massage treatments.
• An indoor and outdoor sauna
• An oceanfront fitness center
• A dedicated studio for yoga, personal training or quiet meditation
• An outdoor dining area with a built-in outdoor kitchen and barbecue grills
• An outdoor garden with landscaped pathways, firepits, trellised seating areas and a sculpture garden.
• Moving indoors, the building will have a library lounge with a fireplace
• An oceanfront game room with a pool table, card table and multisport simulator
• A co-working suite
• A screening room
• A pet spa
• A playroom

LIDO interiors were done by Clodagh Design; architecture by Minno & Wasko Architects and Planners and landscape design by Melillo Bauer Carman. Sales and marketing are being done exclusively by the Corcoran Sunshine Marketing Group.

"(It reflects) Asbury Park’s evolution into a premier luxury address," said a marketing company for LIDO. "LIDO presents the pinnacle of coastal living in the most iconic seaside enclave."

“Asbury Park has become one of the most sought-after beachfront destinations in the country, and LIDO is raising the bar for what luxury living looks like here,” said Zucker. “Breaking ground represents not only a major milestone for LIDO, but also for the continued transformation of Asbury Park as a place where natural beauty, culture and world-class design meet."

“LIDO represents a meaningful moment for Asbury Park as we continue to grow in ways that honor our history while embracing new possibilities,” Asbury Park Mayor John Moor said at Monday's groundbreaking. “We’re proud to work with Inspired by Somerset Development and are excited to see LIDO bring thoughtful design and year-round vitality to our waterfront.”

For more information or to schedule a tour of LIDO Asbury Park, visit lidoasburypark.com or call 732-782-5436.