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Map
51 E Lagoona Drive
About This Property
Why This Lot Stands Apart
• Fast Bay Access -- No winding backwaters or long idle zones. Launch straight into Barnegat Bay and beyond.
• Boater's Paradise -- Seamless access to the Metedeconk River, Manasquan River, and Atlantic Ocean makes this an unmatched location for sport fishing, cruising, and weekend adventures on the water. " Ready to Build -- Prior Approved plans included for a custom 2,800 sq. ft. home, complete with plot plan. Township- was approved and ready to break ground. (Resubmitting Required)
" Newer Vinyl Bulkhead & Dock -- Recently installed and fully inspected by the township, offering peace of mind and immediate boating access from day one.
" Lot Cleared & Utility-Ready -- The land is cleared and prepped, with all utility connections already stubbed at the street -- saving you time, cost, and hassle before construction even begins.
" Prime Brick Township Address -- Located in one of the Jersey Shore's most desirable waterfront communities, known for its blend of quiet residential charm and vibrant coastal lifestyle.
Imagine mornings with coffee on the dock, afternoons cruising to Manasquan Inlet for a day at the ocean, and evenings watching the sunset over the bay from your own backyard. With a newer bulkhead and dock already in place and a fully approved 2,800 sq. ft. custom home plan ready to go, this is turnkey-ready waterfront living -- just add your vision.
Waterfront opportunities of this caliber -- approved, prepped, and ready to build -- are rare. Schedule your private showing today and start planning the coastal life you've been dreaming of.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by Keller Williams Shore Properties | $549,900 | |
| Listed by Keller Williams Shore Properties | |||
| May 4, 2022 | Sold | ||
| Sold | |||
| Mar 2, 2022 | Listed by RE/MAX Elite Realty | $399,900 | |
| Listed by RE/MAX Elite Realty | |||
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Beautiful lagoon front vacant lot on dead end street located in desirable Baywood section of Brick. You can even dock you boat in the backyard. Just minutes to Barnegat Bay and full service marina a few blocks away. Close to beaches, dining and shopping. Property is 50 x 100 feet. Newer vinyl bulkhead and dock replaced in 2012. Brick township architectural plans for a 2800 sq ft raised home are included. Structural engineer drawings as well. This project is ready to go!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017