6 months on rocket

45 Walnut Rd, Ocean City, NJ, 08226

$4,675,000

5 Bedrooms
3 Full Baths, 1 Partial
3,700 SqFt
$1,264/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingTwo Car
Garage1 space
Year Built2007
HeatingForced Air, Natural Gas
CoolingCeiling Fan(s), Central Air, Zoned
WaterfrontBay Front, Lagoon, Waterfront
FireplaceFamily Room, Gas Log, More Than 1, See Remarks
ViewBay, Lagoon, Water
MLS #586035
StatusActive

About 45 Walnut Rd

BAY FRONT BEAUTY on oversized 6000 sq ft. lot (52.68 x 114.37). 20% larger and longer than most Bayfront lots, especially in Riviera neighborhood allowing for an amazing outdoor living space.. Crafted to Resemble the Coastal Architectural Elegance of a Bygone Era by Renowned Architect Mark Asher who creates Homes that Defines "Timelessness and Grace. Built and cared for by Original Owner! NOT a Spec Build. Situated on the Beautiful Natural deep Lagoon of "Sunny Harbor" in the Highly Sought After Riviera Section of OCNJ, 45 Walnut Boasts Opulent Features and Amenities That Will Challenge the Most Discerning of Tastes: Hand Split Canadian White Cedar Siding where each shingle was individually dipped in Cabot Stain, Mahogany Porch Ceilings and Decks, Engineered Maple Hardwood Floors Throughout each room, Chef's Kitchen (NEFF Custom Wood Cabinetry with stainless steel interior drawers, Detailed Tile Backsplash, Miele Built in Cafe System, Wolf & Sub Zero Appliances, Steamer, warming drawer, Deep Fryer, etc.), Gorgeous Tiled Bathrooms Including Custom Built in Cabinetry and Vanities, Central Vacuum, Multi-Zoned Heat and Air (Two New Condensers), Expansive oversized Outdoor Living Space(1400 sq ft deck 37'x38') With Multiple Dining and Entertaining Areas along with a 10x24 Heated Pool with multiple jets and LED lighting Overlooking the Lagoon, New Timber Tech Decking in 2023, Sunbrite 55" Outdoor TV. Ample Interior and Exterior Storage, Exterior Gas Line for Grilling, Built in Sonos Speaker System with Multiple Zones (Including Exterior)... The Garage has been refinished with Heat and is currently utilized as an in Home Fitness Room with Top of the Line Nordictrack Equipment and a pull down Custom Garage door size Screen Door for your workouts.The List is Endless! Over 52' of Deep Water Bay Frontage on "Sunny Harbor" Along with Multiple Slips Provides for All of One's Boating and Water Sport Needs, not to mention a straight shot out to the Channel. A True Masterpiece in a Most Coveted Neighborhood where Waterfronts rarely hit the "Open Market"(Walnut Rd.)Low Flood Insurance Premium of $440. Would be impossible and be nearly $1,000,000 more to Duplicate today at the price offered by seller. A discerning buyer who knows Location, construction Value and Architecture will appreciate this home. Appointment and Pre-Qual requested.

Property Details

Property Features

Property Information:

  • Architectural Style: 3 Story
  • Year Built: 2007
  • Stories: 3
  • Living Area: 3,700 SqFt

Listing Office:

  • Office Name: Compass New Jersey-Ocean City
  • Office Phone: (609) 322-7390

Interior Features

Interior Information:

  • Appliances: Security System, Central Vacuum, Disposal, Dishwasher, Dryer, Gas Oven, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Hardwood, Tile
  • Interior: Smoke/Fire Alarm, Walk In Closet, Whirlpool
  • Fireplace: Family Room, Gas Log, More Than 1, See Remarks

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Bay Front, Lagoon, Waterfront
  • View: Bay, Lagoon, Water
  • Exterior: Boat Slip, Deck, Fenced Yard, Porch, Shed

Parking Information:

  • Garage Space: 1 space
  • Parking: Two Car

Lot Features

Lot Information:

  • Lot: Boat Slip, Fencing

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Zoned

Other

Directions Information:

  • Directions: Bay Ave to Walnut Rd. Home on Right near corner of Appletree Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,675,000
  • Price Per SqFt: $1,264/SqFt

Tax Information:

  • Annual Amount: $12,112
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Ocean City, NJ.

Med. Sold Price

$915.8K

Med. Price/SqFt

$692

Avg. Days On Market

74

# of Sold Homes

33

45 Walnut Rd vs Ocean City

190 DAYS ON ROCKET

+116 Days

$4,675,000

+$3.7M More

$1,264/SqFt

+$572 More

KEY TAKEAWAY

This property is $3.7M more than the Median Sold Price and $572/SqFt more than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #586035

Listing Office:

  • Office Name: Compass New Jersey-Ocean City
  • Office Phone: (609) 322-7390

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$12,112$1,623,600
2019$15,554$1,623,600
2018$15,554$1,623,600
2017$15,311$1,623,600

History based on county public records data.

Payment Calculator

$23.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14K

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.

Nearby Schools

school-card-donut-4359027
5
/10
  • Ocean City Primary School

  • 550 West Ave

  • 1.53 miles

  • Public District Grades PK-3

school-card-donut-4359028
5
/10
  • Upper Township Elementary School

  • 50 N Old Tuckahoe Rd

  • 2.68 miles

  • Public District Grades 3-5

school-card-donut-4359029
2
/10
  • Dawes Avenue Elementary School

  • 22 W Dawes Ave

  • 3.60 miles

  • Public District Grades KG-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,598. Most Ocean City, NJ residents have annual incomes between $35k-100k. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 45 Walnut Rd

What is the listing price of this property?

The listing price of 45 Walnut Rd property is $4,675,000.

What type of property is this?

The property 45 Walnut Rd is a house located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 45 Walnut Rd 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 $12,112 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 45 Walnut Rd has 5 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 45 Walnut Rd is 3,700 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 45 Walnut Rd is 2007.
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Rocket Homes›New Jersey›Cape May County›Ocean City›08226›45 Walnut Rd

This home is located at 45 Walnut Rd in Ocean City, NJ and zip code 08226. This 3,700 square foot home was built in 2007. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 10, 2024 and is currently priced at $4,675,000.

In November 2024 more than 5 listings in Ocean City, NJ were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 20 were sold below. The number of homes for sale in Ocean City, NJ decreased by 9.3% between October 2024 and November 2024. In November 2024, listings were on the market for 74 days. During the same period, the median list price in this real estate market was $915,800.

From Rocket Homes Real Estate and based on county public records data.

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