$1,249,000
●
House -
Off Market
209 Dewey Drive
Ortley Beach, NJ 08751
4 Beds
3 Baths,
1
Half Bath
3,000 Ft²
$6,133
Est. Monthly
About This Property
Amazing New Construction 4 Bed/3 1/2 Bath w Ocean and Bay Views.
2 short blocks to the Beach. This inspired Quality Custom
Built New Home incl: Pool, Elevator, Generator, Dutch lap siding,
Quartz Counters, Fireplace, Open Layout, Reinforced concrete garage
slab., 9' 1st floor ceilings. 2 x 6 walls R22 insulation, Classic 2
panel textured doors, Nickle finish interior hardware. Colonial
style trim, Natural Oak handrails w white pickets on all finished
stairs. Millennials LVT throughout. Main staircase is oak treads w
white risers. Quality 21st Century Cabinetry w soft close doors.
Kitchen Features spectacular 96'' Huge Dining Island. Ceramic tiled
baths, Decora & LED lighting. Walk to beach, rides, restaurants.
Could rent for $7,000/week. Financing available to qualified buyer.
Unit Size
3,000 Ft²
Days on Market
85 days
Land Size
-
Price per sqft
$416
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-
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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 #22506982)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2025 | Sold | ||
| Sold | |||
| Mar 31, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Listed by Seaside Heights Realty Inc. | $1,249,000 | |
| Listed by Seaside Heights Realty Inc. | |||
| Nov 2, 2024 | Price Decreased |
$999,800
↓ $100
(0%) | |
| Price Decreased | |||
| May 6, 2024 | Listed | $999,900 | |
| Listed | |||
| | |||
|
Amazing New Construction 4 Bed/3 Bath w room for a pool is loaded w upgrades. You can still pic colors for siding, roof, tile, quartz & flooring. Inspired quality finishes incl vinyl shake style siding on front, dutch lap vinyl siding on side & rear. Reinforced concrete garage slab. Covered ground floor porch in rear, 9' 1st floor ceilings. 2 x 6 walls R22 insulation, Classic 2 panel textured doors, Nickle finish interior hardware. Colonial style trim, Natural Oak handrails w white pickets on all finished stairs. Millennials LVT throughout. Main staircase is oak treads w white risers. Quality 21st Century Cabinetry w soft close doors. Kitchen Features spectacular 96'' Peninsula Dining Island. Ceramic tiled baths, Decora & LED lighting. Walk to beach, rides, restaurants. Upgrades can include a pool, generator and elevator.
| |||
Property Highlights
Parking Available
Garage
Elevator
Fireplace
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 Dover Beaches South
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Listed by: Michael Loundy, Seaside Heights Realty Inc.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22506982
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22506982
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