$4.1 Million Bid for Philly Archdiocese NJ Villa

A sprawling beachfront villa in New Jersey auctioned off by the Archdiocese of Philadelphia has gone for $4.125 million after fierce bidding between local families and a developer

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    TK
    Chopper10
    The land includes a three-story main building with more than 23,000 square feet.

    A sprawling beachfront villa in New Jersey auctioned off by the Archdiocese of Philadelphia has gone for $4.125 million after fierce bidding between local families and a developer.

    The Philadelphia Inquirer says winning bidders Steve and Ilene Berger of Newtown Square said Saturday that they would preserve the property as a family compound.

    Tom Croke, representing the archdiocese in its property distribution, acknowledged “lots of mixed feelings” about the sale of the 11-bedroom Villa St. Joseph in Ventnor, near Atlantic City, which has been a retreat for priests for half a century.

    The bid is subject to final approvals, but real estate and archdiocese officials have indicated that the church would be inclined to accept any reasonable bid for the property, which was assessed at $6.2 million.