451 Driveway
About This Property
Welcome to this beautifully updated 4-bedroom, 2-bath waterfront home, perfectly blending coastal charm and contemporary luxury. Situated in a highly desirable Oceanport neighborhood, this home offers a serene escape with every modern convenience. From the moment you step inside, you'll appreciate the thoughtful design and meticulous updates.
Enjoy the breathtaking two-story living area that invites you to relax or gather, while the light-filled all-season porch provides the perfect spot to take in stunning sunsets over the Shrewsbury River. The fully remodeled custom kitchen features premium appliances, sleek cabinetry, and luxurious finishes. Spa-inspired bathrooms add a touch of tranquility with modern fixtures and elegant design. Throughout the home, brand-new Marvin windows flood the space with natural light, complementing the rich hardwood flooring. New roof completed in 2023.
Outside, the private dock and bulkhead offer direct water access, ideal for boating enthusiasts and water lovers alike. Whether you're hosting guests or enjoying quiet moments, this home effortlessly combines style and functionality. With easy access to nearby beaches, parks, restaurants, and NJ Transit, this property offers both a peaceful retreat and convenient lifestyle. Don't miss the opportunity to own this exceptional waterfront gem. Schedule your private showing today and start living your coastal dream!
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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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 13, 2025 | In contract | - | |
| In contract | |||
| Dec 1, 2024 | Listed by Resources Real Estate | $1,495,000 | |
| Listed by Resources Real Estate | |||
| Dec 28, 2022 | Sold | ||
| Sold | |||
| Aug 5, 2022 | Listed by Resources Real Estate | $1,199,000 | |
| Listed by Resources Real Estate | |||
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WATERFRONT LIFESTYLE WITH GORGEOUS SUNSETS! This is an incredible opportunity to live in this charming, character intact, 4 bed 2 full bath Cape on the Shrewsbury River with hardwood floors throughout, stone fireplace, dining room and sunroom. You can enjoy boating throughout the spring, summer and fall along with kayaking, fishing and paddle boarding from your own private dock with riparian rights. Whether you would like to reside in it, visit it seasonally or use it for rental income, this waterfront property is a must see. Minutes to the beach, parks, restaurants and NJ Transit.
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About Oceanport
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22434166
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Address: 335 Madison Avenue, New York, NY 10017