NOT LISTED FOR SALE

1229 Ocean Ave Mantoloking, NJ 08738

Estimated Value: $7,311,000

0 Acre
-- Price per Acre
0 Sq Ft Lot

Last Sold October 20, 2020

Last sale price $3,550,000

Est. 106% increase in value since last sale

Current estimated payment $40,867/month

136 Days on Market

Highlights

  • Beach Front
  • G Harold Antrim Elementary School Rated A-
  • Riparian Grant

About This Lot

As of October 2020

One hundred feet of ocean front just steps away from the life guarded beach at Downer Avenue. It is within easy walking distance of the Mantoloking Yacht Club, post office, and town center. This lot is CAFRA approved and is ready for your home in the Borough of Mantoloking. You may build your home, which is approved for over 10,000 square feet, with the first floor at 22 feet so that you are able to have ocean views from the first floor. A 200 square foot dune deck is also permissible on the dune. Make memories with your family and friends waking up with the sun, sand and surf every day and enjoy the Jersey Shore!

Last Agent to Sell the Property

Jane White

Compass New Jersey LLC License #0900832 Listed on: 08/09/2019

Compass New Jersey LLC

Co-Listed By

Laurence White

Compass New Jersey LLC License #1221902

Last Buyer's Agent

Lawrence Greenberg

Van Sciver REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,381

Lot Details

  • Lot Dimensions are 100 x 380
  • Beach Front

Outdoor Features

  • Riparian Grant
  • Electricity Available at Street

Schools

  • Point Pleasant Beach High School

Additional Features

  • Water Views
  • Natural Gas Not Available

Listing and Financial Details

  • Assessor Parcel Number 20-00026-0000-00008

Property Details

Property Type

Land

Est. Annual Taxes

$20,381

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Beachfront, Oceanfront
  • Reso View: Waterview
  • Co List Office Mls Id: 2030
  • Co List Office Phone: 732-295-2008
  • Subdivision Name: None
  • General Property Info Waterview: Yes
  • Water Type Oceanfront: Yes
  • Lot Description Oceanfront2: Yes
  • General Property Info Lot Dimensions: 100 x 380
  • WaterSewer Public Sewer at Street: Yes
  • Electric At Street2: Yes
  • Water Type Beachfront: Yes
  • Gas No Gas: Yes
  • Lot Description Beachfront2: Yes
  • Special Features: None

Exterior Features

  • Waterfront Features: Beach Front, Ocean Front, Riparian Grants
  • Waterfront: Yes

Lot Info

  • Lot Dimensions: 100 x 380
  • Parcel #: 20-00026-0000-00008
  • Zoning Description: Single Family, Residential

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 20381.0

MLS Schools

  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2025
Sold by
Sch Dev Llc
Bought by
1229 Ocean Avenue Associates Llc
Current Estimated Value
$7,311,000

Purchase Details

Listed on
Aug 9, 2019
Closed on
Oct 14, 2020
Sold by
Maher Basil and Maher Miriam D
Bought by
Schdev Llc
Seller's Agent
Jane White
Compass New Jersey LLC
Buyer's Agent
Lawrence Greenberg
Van Sciver REALTORS
Sold Price
$3,550,000

Purchase Details

Closed on
Jun 2, 2009
Sold by
Bennett Family Limited Partnership
Bought by
Maher Basil and Maher Miriam Duffy

Purchase Details

Closed on
Jun 1, 2009
Sold by
Bennett James E
Bought by
Bennett Family Limited Partnership
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1229 Ocean Avenue Associates Llc $7,000,000 Commonwealth Land Title
1229 Ocean Avenue Associates Llc $7,000,000 Commonwealth Land Title
Schdev Llc $3,550,000 Anchor Title Agency
Sch Dev-Llc $3,550,000 Land Title
Maher Basil $3,765,000 Fidelity Title Abstract Co
Bennett Family Limited Partnership -- Fidelity Title Abstract Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $3,550,000 -- --
12/23/2019 12/23/19 Pending -- -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,271 $2,945,300 $2,945,300 --
2024 $24,034 $2,945,300 $2,945,300 $0
2023 $20,617 $2,945,300 $2,945,300 $0
2022 $20,617 $2,945,300 $2,945,300 $0
2021 $20,735 $2,945,300 $2,945,300 $0
2020 $20,971 $2,945,300 $2,945,300 $0
2019 $20,676 $2,945,300 $2,945,300 $0
2018 $20,381 $2,945,300 $2,945,300 $0
2017 $20,529 $2,945,300 $2,945,300 $0
2016 $20,440 $2,945,300 $2,945,300 $0
2015 $20,116 $2,945,300 $2,945,300 $0
2014 $16,066 $2,562,400 $2,562,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Jane White

    Seller's Agent in 2020

    Jane White

    Compass New Jersey LLC

    (732) 569-2372

    11 in this area

    44 Total Sales

    Jane White
    Section Image

  • L

    Seller Co-Listing Agent in 2020

    Laurence White

    Compass New Jersey LLC

    (732) 606-6988

    5 in this area

    14 Total Sales

    Laurence White
    Section Image

  • L

    Buyer's Agent in 2020

    Lawrence Greenberg

    Van Sciver REALTORS

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21932860

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 20-00026-0000-00008

New Jersey Ocean County Mantoloking 08738

1229 Ocean Ave, Mantoloking, NJ

This home is located at 1229 Ocean Ave, Mantoloking, NJ 08738 since 09 August 2019 and is currently priced at $7,311,000. 1229 Ocean Ave is a home located in Ocean County with nearby schools including G Harold Antrim Elementary School, Point Pleasant Beach High School, and St. Peter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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