Step into the grandeur of Asbury Park's early history with this extraordinary residence, built in 1881 by the distinguished Pennypacker family of Philadelphia. Rich in architectural character & timeless craftsmanship, this exceptional property offers a rare opportunity to own and reimagine one of the city's original grand homes.Inside, soaring 10-foot ceilings, gleaming hardwood floors, moldings & elegant formal living & dining rooms showcase the beauty of a bygone era. A beautifully appointed kitchen blends modern functionality w/ the home's historic character. An impressive staircase extends through three levels of living space. The 3rd floor features 3 bedrooms & offers exciting potential for additional living space. A distinctive widow's walk crowns the 4th level. See MORE The 2nd flr, formerly configured as an apt, currently offers 2 rms & a primary suite w/ access to a private deck. There is also a full bath, laundry and storage on this level. An updated attached 1 bd apt. provides additional flexibility & may offer the opportunity to expand the main residence. Adding to the property's versatility is a charming 2 story cottage, offering a wealth of possibilities for guests, workspace, studio use, or additional living accommodations. A rare offering for the buyer who appreciates history, architecture, scale, and possibility. There is also a full basement can be easily finished into recreation space. Tenant in Apt 1 iss on a month to month lease. Tenant in cottage is a family member and will be relocating with them. Home is generally in good shape but is being sold AS-IS.