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261 Timberlake Drive
About This Property
Introducing 261 Timberlake Drive. Whether your dream is to wake-up every morning in your year-round lake home, or you want a getaway place for summers & weekends, this gorgeous 2 bedroom (possible 3rd in loft) 2.5 bath home is #ShoreToPlease.
No detail was overlooked, no expense spared (see attached features sheet) in transforming this home to a dream-home unlike any other. Lakefront living is a lifestyle of everyday moments that feel quietly luxurious, and this home understood the assignment. You are wow-ed from the moment you enter with fabulous beamed ceilings and an abundance of oversized windows that let in tons of natural light giving the home a bright & airy feel. Look up to the second floor loft, or out to the water. With one bedroom upstairs and one down, this is the perfect setup for hosting guests. Open the French Doors and look straight through the sunroom/office, giving lake views from your first-floor bedroom. The main floor's open concept flows perfectly, allowing you to entertain with ease. Sliders off the kitchen or sunroom lead out to your waterfront oasis, making the separation between indoors and out feel almost non-existent.
Notice as your gaze draws towards the shoreline. Imagine your days...morning kayak ride; lazy afternoon fishing (catch & release) from your pier: golden hour drinks on the deck. The lake offers a playground that changes every season. Even in the colder months, the water provides a dramatic landscape that turns even a simple cup of coffee by the window into an experience.
This lakefront home naturally lends itself to gathering, from summer BBQ's on the deck that spill out onto your expansive paver patio perfectly configured for a variety of seating options, to evenings chatting under the gazebo and enjoying the "vibe" of the amazing landscape lighting (installed by Illuminations LLC).
It's a way of living hard to find anywhere else. It's waking up & going to bed with the water as your constant, a reminder to slow-down, breathe deeper and enjoy the rhythm that feels both grounded and elevated...and the only thing missing is YOU!
Lakefront homes in coveted Colony Lakes (located near shopping, restaurants and LBI) don't often become available, and to find one completely updated and as beautiful as this is almost unheard of. Don't let this one get away, you'll be sorry you did.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2026 | Sold | ||
| Sold | |||
| Feb 5, 2026 | In contract | - | |
| In contract | |||
| Jan 23, 2026 | Listed by Weichert Realtors-Toms River | $899,999 | |
| Listed by Weichert Realtors-Toms River | |||
| Sep 27, 2018 | Sold | ||
| Sold | |||
| Aug 2, 2018 | Listed by RE/MAX 1st. Advantage | $400,000 | |
| Listed by RE/MAX 1st. Advantage | |||
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Escape from city life in this custom contemporary home that sits right on the water! Enter & notice polished hard wood floors that extend throughout the main level. The living/dining combo make for an open & airy floor plan accentuated by vaulted ceilings & custom windows. Lovely EIK updated with granite counter, recessed lights, SS appliances, & a wealth of white cabinets. A FR w/ sliding doors leads you to the rear deck, & the master suite. Bay windows featured in your master flourish the room w/ natural lighting. A much desired attached full bath is also offered here. On the 2nd level, a spacious loft/2nd BR w/ closets overlooks the first floor. A 3rd BR, generously sized, with full bath and loft access. If you love the outdoors, this is the home for you! An enormous deck is a great space for entertaining and enjoying lake side breezes. The water front views are serene and picturesque! Nearby schools, shopping, and more, this one of a kind home is in great location!
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Beach Haven West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017