$229,000
●
House -
For Sale
48 Fort Lee Drive
Manahawkin, NJ 08050
2 Beds
2 Baths
1,320 Ft²
$1,879
Est. Monthly
$754
HOA / Fees
About This Property
Welcome home to the Manasquan model in Perry's Lake! Upon walking
in, the large, roomy kitchen has lake views from the kitchen sink,
inviting LVP floors, lots of beautiful white cabinets and not a
crumb to be seen! Mrs. Clean lives here! The open living and
dining room has ample space to entertain. Both bedrooms have
walk-in closets, the main bathroom has a tub and shower, the
primary bathroom has French doors leading to a sunken soaking tub,
plus a shower with cabinet space galore! The air conditioning is 3
years old and the hot water heater is 5 years old. With a fenced
yard, shed and meticulous landscaping, you won't be disappointed!
Unit Size
1,320 Ft²
Days on Market
5 days
Land Size
-
Price per sqft
$173
Property Type
House
Property Taxes
-
HOA Dues
$754
Year Built
-
Listed By
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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: 5 days ago (MOMLS #22615020)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Relisted | $229,000 | |
| Relisted | |||
| Sep 20, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Price Decreased |
$229,000
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$239,000
↓ $11K
(4.4%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by RE/MAX at Barnegat Bay | $249,900 | |
| Listed by RE/MAX at Barnegat Bay | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Asphalt, Driveway, None
Interior Details
Full Bathrooms: 2
Flooring Type: Carpet, Vinyl Plank
Basement: Crawl Space
Exterior Details
Square Footage: 1320
Architectural Style: Ranch, Detached
Building Area Total: 1320
Other Structures: Shed(s), Shed(s)
Patio and Porch Features: Covered, Porch - Open
Pool Features: Common
Lot Features: Fenced Area, Leased Land
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Common Area, Mgmt Fees, Pool, Property Taxes
HOA/Condo/Coop Amenities: Other, Shuffleboard Court, Management, Exercise Course, Pool, Clubhouse, Association, Community Room, Common Access, Common Area, Bocci
HOA Fee: $754
HOA Fee Frequency: Monthly
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 Ocean
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Listed by: Rosa Mazzei, RE/MAX at Barnegat Bay
Last Updated: 5 days ago
Data Source: MOMMLS, MLS# 22615020
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: 5 days ago
Data Source: MOMMLS, MLS# 22615020
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