$180,000
●
House -
Off Market
11 River Drive
Toms River, NJ 08753
3 Beds
1 Bath,
5
Half Baths
$1,032
Est. Monthly
About This Property
Prime Opportunity - Coastal Lot Just Steps from the Bay Exceptional
opportunity to build new just four houses from the Barnegat Bay and
marina in a sought-after Toms River waterfront community. The
existing home was destroyed during Superstorm Sandy and is **not
livable**-the value is inon site. Located in a FEMA-building
standards, ensuring long-term resilience and investment security.
The structure on the property is boarded up and **cannot be
entered**. No interior access or walk-throughs are permitted. Enjoy
bay breezes, easy access to the marina, and the vibrant lifestyle
of Jersey Shore living. This desirable location is close to
beaches, shopping, and dining. Whether you're a builder, investor,
or future homeowner, this is your chance to create something truly
special in an established, waterfront neighborhood. Bring your
visionyour future at the shore starts here
Unit Size
-
Days on Market
67 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MOMLS #22523333)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
| Aug 17, 2025 | Price Decreased |
$210,000
↓ $15K
(6.7%) | |
| Price Decreased | |||
| Jul 31, 2025 | Listed by RE/MAX at Home | $225,000 | |
| Listed by RE/MAX at Home | |||
| | |||
|
Prime Opportunity – Coastal Lot Just Steps from the Bay
Exceptional opportunity to build new just four houses from the Barnegat Bay and marina in a sought-after Toms River waterfront community. The existing home was destroyed during Superstorm Sandy and is **not livable**—the value is in the land.
The 40x85 lot is ideally sized for a custom coastal retreat, with existing utilities already on site. Located in a FEMA-designated flood zone, any future construction will require compliance with current elevation and building standards, ensuring long-term resilience and investment security.
The structure on the property is boarded up and **cannot be entered**. No interior access or walk-throughs are permitted.
Enjoy bay breezes, easy access to the marina, and the vibrant lifestyle of Jersey Shore living. This location is close to beaches, shopping, and dining. Whether you're a builder, investor, or future homeowner, this is your chance to create something truly special in an established, waterfront neighborhood.
Bring your vision—your future at the shore starts here
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Toms River
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Listed by: Christine Haines, RE/MAX at Home
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22523333
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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22523333
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