$1,299,000
●
Land -
For Sale
26 Park Way
Highlands, NJ 07732
Studio
0 Bath
$7,202
Est. Monthly
About This Property
A rare opportunity in Middletown, NJ: 1.5 acres of vacant land
offered together with fully approved architectural plans--an
exceptional head start for anyone looking to build in Monmouth
County. Located in Monmouth Hills, an exclusive enclave close to
the NYC ferry & beach, the proposed 4,839-SF residence (over
6,000-SF w/basement) by Michael Monroe, AIA, has approvals in place
from the township, historical & Monmouth Hills, removing many of
the hurdles that can come with new construction. Backing to 700+
acres of Hartshorne Woods Park, the property offers privacy,
elevation, & views of Sandy Hook Bay. With buildable land
increasingly scarce, this is a rare chance to purchase both the
property & the approved vision for what comes next. Land + approved
plans only; no finished home included.
Unit Size
-
Days on Market
52 days
Land Size
1.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$823
HOA Dues
-
Year Built
-
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (MOMLS #22628259)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Listed by Resources Real Estate | $1,299,000 | |
| Listed by Resources Real Estate | |||
| Oct 21, 2025 | Listed | $1,299,000 | |
| Listed | |||
| | |||
|
On top of the world — and in a world of your own.High above the coast in the exclusive enclave of Monmouth Hills, this 1.5-acre lot offers the ultimate in seclusion and sophistication. Backing up to more than 700 acres of Hartshorne Woods Park, it feels like a private estate, yet it's just minutes from ocean beaches, the high-speed ferry to NYC, and some of the Shore's top dining spots. Approved plans by architect Michael Monroe, AIA, feature a 4,839-sf Amagansett/Hamptons-inspired retreat—cedar shingles, airy decks, a gorgeous pool, and walls of glass framing lush woodlands and serene bay views. Build as designed or craft your own vision—either way, this hilltop haven defines coastal luxury. Perfect for the exacting client who wants it all. Located in Middletown NJ. Some photos enhanced.
| |||
Property Highlights
With View
Exterior Details
Waterfront Features: Bayview
Other Structures: Garage(s)
Lot Features: Irregular Lot
Lot Size Area: 1.5
Lot Size Units: Acres
Lot Size Acres: 1.5
Lot Size Square Feet: 65340
Financial Details
Tax Assessed Value: $676,500
Tax Annual Amount: $9,881
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 Monmouth
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Thomas J McCormack, Resources Real Estate
Last Updated: 2 months ago
Data Source: MOMMLS, MLS# 22628259
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 months ago
Data Source: MOMMLS, MLS# 22628259
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017