Ocean
231 Cedar Island Drive
$610,299
●
House -
Off Market
231 Cedar Island Drive
Brick, NJ 08723
5 Beds
2 Baths,
1
Half Bath
$1,099,567
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model
About This Property
The possibilities are endless for this bay front beauty. Finish
this home as you so desire. Buyer is responsible for all
inspections, permits and certifications. Home is unfinished, does
not have utilities and has suffered Sandy damage.
Unit Size
-
Days on Market
167 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,905
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: 10 months ago (MOMLS #21604203)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Jul 16, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Listed by Keller Williams Realty Ocean Living | $1,999,999 | |
| Listed by Keller Williams Realty Ocean Living | |||
| | |||
|
Bayfront Dream Home - The Best of Both Worlds! Where your front yard features a private 47-ft lagoon slip, perfect for protected docking, and your backyard opens to the bay with 53 feet of vinyl bulkhead for expansive open-water access. This stunning, brand-new construction offers over 3,300+ square feet of modern luxury and Bayfront retreat. Enjoy breathtaking, all-day south-facing views of Barnegat Bay, from sunrises to sunsets.This exquisite home features five spacious bedrooms, four and a half baths, a three-story elevator, and a two-car garage—designed with both comfort and convenience in mind. Whether you're entertaining, relaxing in your private sanctuary, or indulging in endless outdoor activities, with a great open floor plan,It doesn't get better than this!
| |||
| Apr 7, 2025 | Price Decreased |
$2,249,999
↓ $150K
(6.3%) | |
| Price Decreased | |||
| Mar 21, 2025 | Listed | $2,400,000 | |
| Listed | |||
| | |||
|
Bayfront Dream Home Awaits! Discover the ultimate in coastal living at 231 Cedar Island Dr., where your very own 47-ft lagoon slip awaits! This stunning, brand-new construction offers over 3,300+ square feet of modern luxury and everything you've dreamed of in a bayfront retreat. Enjoy breathtaking, all-day south-facing views of Barnegat Bay, from sunrises to sunsets.This exquisite home features five spacious bedrooms, four and a half baths, a three-story elevator, and a two-car garage—designed with both comfort and convenience in mind. Whether you're entertaining, relaxing in your private sanctuary, or indulging in endless outdoor activities, this home has it all! With 53 feet of vinyl bulkhead offering direct bay access, it's perfect for outdoor water sports.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Ocean
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Listed by: Sandra Healy, Berkshire Hathaway HomeServices Healy Realtors
Last Updated: 10 months ago
Data Source: MOMMLS, MLS# 21604203
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: 10 months ago
Data Source: MOMMLS, MLS# 21604203
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017