505 Bayview Drive
About This Property
Spectacular Green Island Bayfront Retreat with Private Pier, Expansive Deck w/Unobstructed, Panoramic views of Barnegat Bay.
Welcome to your dream coastal getaway! This beautiful bayfront home offers nearly 3000sq.ft. of beautifully updated living space, featuring 4 spacious bedrooms-including a first-floor bedroom & 3 full baths. Soaring ceilings and abundant natural light accentuate the open layout, leading to a stunning 3rd floor family room with sweeping views of the bay. Open kitchen features newly installed modern, high-end Bosch Appliances, Beautiful Cabinetry and Leathered Granite Counters which opens to the dining and living room complete with stone facade, gas fireplace and an abundance of windows showcasing the water views. Manu upgrades, including, kitchen, roof, central air, sliding door, garage door, washer, dryer & carpets all done in 2025. Also new in 2025, composite decking, & boat and jet-ski lifts. Tasteful new furnishings included to complete this package and make it truly turn-key! Whether you're enjoying your morning coffee with a sunrise over the bay or hosting guests on the waterfront deck, this home offers the perfect backdrop for making memories. Don't miss this chance to own a slice of paradise with all the right updates already done. Schedule your private showing today and escape city life at the Beautiful Jersey Shore!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 6, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Oct 23, 2025 | Price Decreased |
$1,499,900
↓ $95K
(6%) | |
| Price Decreased | |||
| Sep 9, 2025 | Listed by Weichert Realtors-Brick | $1,595,000 | |
| Listed by Weichert Realtors-Brick | |||
| May 23, 2025 | Price Decreased |
$1,695,000
↓ $100K
(5.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017