This incredible oceanfront property sits on just shy of an acre! RR3 zoning opens this great piece of earth up for a multitude of possibilities. Couple that with it's proximity to Downtown Point Pleasant Beach and all of the wonders you will find there, as well as the rides and entertainment up at the Boardwalk, this land is a win-win opportunity for its next owner! The Windswept Motel currently calls this amazing piece of land HOME. It is an extremely popular and well-known seaside motel, complete with an oceanfront pool. For more information on the business please see the corresponding commercial listing.
Property Details
Property Features
Property Information:
Living Area: 10,868 SqFt
Listing Office:
Office Name: Shire Realty Inc
Listing Agent: Jeanette Schlapfer
Exterior Features
Exterior Information:
View: Ocean
Lot Features
Lot Information:
Lot: Curbs, Split Possible
Lot Size: 0.86 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $10,500,000
Price Per SqFt: $966/SqFt
Tax Information:
Annual Amount: $60,697
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Point Pleasant Beach, NJ.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$52.4K
Per Month
Principal & Interest
$52.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$31.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Ocean Road Elementary School
Benedict Street
Distance between this listing and this school1.27 miles
Public District Grades PK-5
6
/10
Nellie F. Bennett Elementary School
Riviera Parkway
Distance between this listing and this school1.84 miles
Public District Grades PK-5
5
/10
Midstreams Elementary School
500 Midstreams Rd
Distance between this listing and this school3.49 miles
Public District Grades KG-5
Nearby Schools
7
/10
G. Harold Antrim Elementary School
401 Niblick St
Distance between this listing and this school0.70 miles
Public District Grades PK-8
9
/10
Bay Head Elementary School
145 Grove St
Distance between this listing and this school1.35 miles
Public District Grades PK-8
6
/10
Memorial Middle School
Laura Herbert Dr
Distance between this listing and this school1.87 miles
Public District Grades 6-8
Nearby Schools
7
/10
Point Pleasant Beach High School
700 Trenton Ave
Distance between this listing and this school0.74 miles
Public District Grades 9-12
5
/10
Point Pleasant Borough High School
Laura Herbert Dr
Distance between this listing and this school1.83 miles
Public District Grades 9-12
6
/10
Manasquan High School
167 Broad St
Distance between this listing and this school2.88 miles
The neighbors living near this home have an average income of $73,414. Typical income of Point Pleasant Beach, NJ residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1008 Ocean Ave
What is the listing price of this property?
The listing price of 1008 Ocean Ave property is $10,500,000.
What type of property is this?
The property 1008 Ocean Ave is land located in Point Pleasant Beach, New Jersey, 08742.
Is this property for sale now?
Active Listing: 1008 Ocean Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $60,697 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1008 Ocean Ave in Point Pleasant Beach, NJ and zip code 08742. This 10,868 square foot home sits on a 0.86 acre lot. It has been listed on Rocket Homes since July 17, 2024 and is currently priced at $10,500,000.
Point Pleasant Beach, NJ housing market in November 2024 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 0 sold below. The number of listings in Point Pleasant Beach, NJ decreased by 36.1% between October 2024 and November 2024. The median list price of listings available in November 2024 was $847,500, while the average time on the real estate market was 6 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Symphony or Opera
Symphony or Opera
Hiking/backpacking
Continuing Education Courses
Chico's
Nordstrom Rack
Express/Express For Men
Boston Market
Chipotle
Qdoba
Volvo
Mazda
Volkswagen
Talk/Personality
Rock
Urban Contemporary