$375,000
●
Land -
Off Market
502 Bay Boulevard
Seaside Heights, NJ 08751
Studio
0 Bath
$1,964
Est. Monthly
About This Property
Amazing Bay View Lot. Owner has already paid for construction plans
for an approved 5 bedroom 4 bath home that can built on this lot &
will have a fantastic private ground level open layout for
entertaining. 2nd floor & rooftop decks that you will be on all
day. Now is the time to secure your piece of the Jersey Shore
amazing Bay/Sunset views and add finishes to your liking. Enjoy the
beautiful Seaside Beaches ranked one of New Jerseys 10 Best. If
built on this lot this efficient home has been to comfortably
designed to enjoy w your family & friends or would be a very strong
rental for +/-$6,000.00/week. Now is the time to secure your piece
of the Jersey Shore. Join the new 20 Million Beach/Pool Club.
Located off Pkwy Exit 82, 1 hr from NYC, AC and Philly. Go to
documents tab for plans.
Unit Size
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Days on Market
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Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
1900
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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 years ago (MOMLS #22400630)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Jan 8, 2024 | Listed by Seaside Heights Realty Inc. | $399,900 | |
| Listed by Seaside Heights Realty Inc. | |||
| Oct 24, 2023 | Listed | $899,900 | |
| Listed | |||
| | |||
|
State of the art home is our best yet. Still time to pick your siding, roof, granite, tile, flooring and paint colors and be in for the summer 2024. Located on the quiet bayside with amazing Bay/Sunset views. Enjoy the beautiful Seaside Beaches ranked one of New Jerseys 10 Best. This super efficient home is designed to comfortably enjoy w your family and friends or would be a very strong rental for +/-$6,000.00/week. Has a fantastic private ground level open layout for entertaining. 2nd floor and rooftop decks that you will be on all day. Now is the time to secure your piece of the Jersey Shore. Located off Pkwy Exit 82, 1 hr from NYC, AC and Philly. Go to documents tab for the plans and standard finishes. Has a 10 Year New Homeowner Warranty. Join the new 20 Million Beach/Pool Club.
| |||
Property Highlights
Parking Available
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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HOA + Taxes
About Seaside Heights
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Listed by: Michael Loundy, Seaside Heights Realty Inc.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22400630
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 years ago
Data Source: MOMMLS, MLS# 22400630
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017