$499,000
●
Condo -
In Contract
2 Vessel Road #5
Waretown, NJ 08758
2 Beds
1 Bath,
1
Half Bath
1,176 Ft²
$5,388
Est. Monthly
$2,500
HOA / Fees
-1.20%
Cap Rate
About This Property
Welcome to Bayview Condos, a rare 6-unit bayfront community nestled
along Barnegat Bay. This meticulously updated 2-bedroom,
1.5-bath condo offers breathtaking panoramic views of Barnegat Bay
and the iconic Barnegat Lighthouse (''Old Barney''). The open
first-floor living area is designed to maximize the stunning
waterfront setting, while the spacious primary bedroom features a
private balcony overlooking the bay--the perfect place to enjoy
spectacular sunrises. Outdoor living includes upper & lower decks
plus a screened-in porch, providing multiple spaces to relax &
entertain. Recent updates include a freshly painted kitchen and 2
beautifully renovated bathrooms (2026). Bring your kayak, paddle
board, or other water toys and embrace the Jersey Shore lifestyle.
Spencers Marina is walkable
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$424
Property Type
Condo
Property Taxes
$437
HOA Dues
$2,500
Year Built
1984
Listed By
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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: 6 days ago (MOMLS #22623736)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | In contract | - | |
| In contract | |||
| Sep 17, 2026 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| Aug 4, 2026 | Listed by Coldwell Banker Realty | $515,000 | |
| Listed by Coldwell Banker Realty | |||
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Nov 3, 2023 | Listed by Roth Group Real Estate | $368,500 | |
| Listed by Roth Group Real Estate | |||
| | |||
|
Look no further, your personal Waterfront Property is right here! With outstanding views of the Barnegat Bay & Light House, you can wake up and enjoy your morning coffee on your personal Balcony.
This 2 Bed 1.5 Bath has been cleaned thoroughly and has an open floor plan that will wow anyone!
Whether you're enjoying the beautiful weather in the screen porch or the private Balcony the smell of the ocean is in the air.
This won't last long; Sellers are highly motivated, and this outstanding waterfront condo could be yours today!
Home Sale is As-Is. No Access to the Property without a approved appointment.
| |||
Property Highlights
Air Conditioning
With View
Parking Details
Parking Features: Asphalt, Common
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Eat-in Kitchen, Recessed Lighting, Attic, Attic - Pull Down Stairs, Balcony, Dec Molding
Door Features: Sliding Doors
Basement: Crawl Space
Exterior Details
Has Property Attached
Square Footage: 1176
Year Built: 1984
Waterfront Features: Bayview, Bulkhead
Building Area Total: 1176
Levels: 2 Story
Patio and Porch Features: Deck, Screened, Patio
Lot Features: Bayfront, Bayside
Lot Size Area: 0.01
Lot Size Units: Acres
Lot Size Acres: 0.01
Lot Size Square Feet: 435.6
Water Source: Public
Financial Details
Tax Assessed Value: $332,200
Tax Annual Amount: $5,242
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Location Details
HOA/Condo/Coop Fee Includes: Trash, Snow Removal, Exterior Maint, Lawn Maintenance, Mgmt Fees
HOA/Condo/Coop Amenities: Management, Association, Common Area
HOA Fee: $2,500
HOA Fee Frequency: Semi-Annually
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/04/2026
|
2 Bed
|
1 Bath
|
1176 ft²
|
$515,000
2 Bed
1 Bath
1176 ft²
|
-
-
|
Laura Bach
Coldwell Banker Realty
| |
|
11/03/2023
|
2 Bed
|
2 Bath
|
1176 ft²
|
$368,500
2 Bed
2 Bath
1176 ft²
|
$362,500
-1.63%
01/19/2024
|
Dylan Bailey
Roth Group Real Estate
| |
|
10/06/2020
|
2 Bed
|
2 Bath
|
-
|
$300,000
2 Bed
2 Bath
|
-
-
|
-
|
Building Info
About Waretown
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Listed by: Laura Bach, Coldwell Banker Realty
Last Updated: 6 days ago
Data Source: MOMMLS, MLS# 22623736
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Last Updated: 6 days ago
Data Source: MOMMLS, MLS# 22623736
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