78 Lake Avenue
Ocean Grove, NJ 07756
- 5 beds
- 4 baths
- 3,425 sqft
- 3,049 sqft lot
- $423 per sqft
- 1904 build
- – on site
Welcome to your dream investment opportunity on the serene shores of Wesley Lake in Ocean Grove! This stunning move-in ready multi-family home boasts 5 spacious bedrooms and 4 full baths, offering a perfect blend of modern luxury and coastal charm. Imagine waking up to breathtaking views of Asbury Park, with its vibrant arts scene and dynamic energy, right from your doorstep. The first floor home offers an expansive lake front living area, formal dining area, spacious kitchen, large master bedroom, full bath, bonus room, and both enclosed and open porches, where you can savor your morning coffee while soaking in the picturesque lake views. The second floor apartment with private entrance boasts an impressive large gathering room, a dining room perfect for hosting, an efficient kitchen, and two full bathrooms for ultimate convenience and comfort, along with a versatile bonus room that can be tailored to your needs, whether it be a home office or guest room. The wrap-around covered porch is a true highlight, providing a serene outdoor space for dining al fresco, morning coffees, or simply unwinding while enjoying the fresh air. The third-floor studio is a private sanctuary, featuring a full bath and two additional rooms. The wet bar dining area adds a touch of luxury, making it ideal for those seeking a home office or additional space for guests. This exceptional property is not only a home but a gateway to an unparalleled lifestyle. Enjoy the best of Ocean Grove's quaint charm with its historic architecture and vibrant community events. Stroll to Asbury Park and experience a thriving music scene, eclectic dining options, and boutique shopping. The famed Asbury Park Boardwalk, complete with its iconic carousel and splash park, offers endless entertainment. Whether you're seeking a lucrative rental investment or a spacious home with potential for multi-generational living, this property offers it all. Don't miss your chance to own a piece of paradise in one of New Jersey's most sought-after locations. Schedule your private tour today and discover the unmatched allure of Ocean Grove lakefront living!
Last checked:
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Last updated Mar 10, 2025
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MLS# 22505134 —
The Building
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Year Built:1904
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New Construction:false
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Construction Materials:Aluminum Siding
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Building Area Total:3425.0
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Architectural Style:Shore Colonial
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Roof:Shingle
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Basement:true
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Basement:Partial, Workshop/ Workbench
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Exterior Features:Patio, Porch - Enclosed, Porch - Open, Storm Door(s), Porch - Covered
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Stories Total:3
Interior
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Interior Features:Balcony, Bay/Bow Window, Bonus Room, Built-Ins, Den, French Doors, Laundry Tub, Recessed Lighting
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Rooms Total:18
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Flooring:Ceramic Tile, Laminate, Wood, Slate
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Fireplace:true
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Fireplaces Total:1
Room Dimensions
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Living Area:3425.0
Location
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Directions:Garden State Pkwy S to Exit 100A, Continue on NJ 33 East past Jersey Shore Univ. Medical Center to Left on S. Main Street/Route 71, Turn Right on Main Avenue at the Ocean Grove Gate. Left on Delaware Ave. Right on Asbury Ave. The Lakefront home is adjacent to Fire Lane, across from New York Avenue.
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Lot Features:Fenced Area, Lake, Leased Land
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Parcel Number:35-00110-0000-00001
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Zoning Description:Residential
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Land Lease:true
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Lot Size Acres:0.07
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Lot Size Dimensions:44 x 70
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Lot Size Area:0.07
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Lot Size SqFt:3049.2
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Waterfront:true
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Waterfront Features:Lake
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Inclusions:Washer, Ceiling Fan(s), Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Stove Hood, Refrigerator, Gas Cooking
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Exclusions:Personal Belongings
Listing Agent
- Contact info:
- Agent phone:
- (732) 301-5050
Taxes
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Tax Year:2024
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Tax Annual Amount:17403.0
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Tax Assessed Value:1012400
Beds
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Bedrooms Total:5
Baths
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Total Baths:4.0
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:Natural Gas
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Heating:true
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Cooling:true
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Middle Or Junior School:Neptune
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High School:Neptune Twp
The Community
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Subdivision Name:None
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Association:false
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Association Fee Frequency:None
Parking
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Parking Features:On Street, None
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Garage:false
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Attached Garage:false
Monthly cost estimate
Asking price
$1,450,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,764
|
| Taxes | $1,450 |
| Insurance | $398 |
| Utilities | $293 See report |
| Total | $9,905/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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2/25/25
Feb 25, 2025
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Listed / Active | MOMLS | $1,450,000 |
