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Ocean 08731
830 Forepeak Drive
$975,000
● House - Off Market

830 Forepeak Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
$6,113
Est. Monthly
1.93%
Cap Rate

About This Property

This large custom cape, located in beautiful Sunrise Beach, sits on an oversized property of 95 x 86. which has a commercial grade vinyl bulkhead and dock power for 2 boats. The lagoon is also wide and deep.  This roomy home features lots of decking for entertaining and a great heated salt water pool as well.  This home comes with a well designed floor plan for future expansion on the second floor which will add an additional 1935 sq ft to the 2357 sq ft on the first floor totaling approximately 4292 sq. ft.  It is already plumbed for heating and electricity and the stairway is already there in the foyer. The first floor has a very open floor plan, a beautiful fireplace. and 3 large bedrooms.  You won't be disappointed when you visit this home. Documents/plans on file.
Unit Size
-
Days on Market
98 days
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,227
HOA Dues
-
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (MOMLS #22514532)

Price History

Date / Event Date Event Price
Aug 29, 2025 Sold
Premium
Sold
Jul 23, 2025 In contract -
In contract
Jun 23, 2025 Price Decreased $995,000
↓ $105K (9.6%)
Price Decreased
May 16, 2025 Listed by RE/MAX at Barnegat Bay $1,100,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,170
  • Lot Size Depth Feet: 860
  • Lot Size Frontage Feet: 950
  • Total Building Area: 2,288
  • Building Area: 2,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNRISE BEACH
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 29.01

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732103

Zoning

  • Zoning: R75A

Geography

  • Assessors Map Reference: TAX MAP 28
  • Account Number: 00034457
  • District: 13
  • Parcel: 13 00369-0000-00030
  • Block: 369
  • Lot: 30
  • Municipality: LACEY TWP
  • Latitude: 39.8403
  • Longitude: -74.1539

    Address

  • Full Address: 830 Forepeak Dr
  • Address - House Number: 830
  • Address - Street Name: Forepeak
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R002
  • 4-Digit Zip Code: 3030
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,314,803

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 902,888
  • High Value: 1,077,594
  • Low Value: 728,183

    Market Valuation

  • Market Total Value: $581,000
  • Market Land Value: $291,300
  • Market Improvement Value: $289,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $581,000
  • Assessed Land Value: $291,300
  • Assessed Improvements Value: $289,700

    Sales

  • Current Sale Contract Date: Feb 01, 2013
  • Current Sale Recording Date: Feb 11, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013015459
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4664 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1706 Compass Drive, Forked River, NJ, 08731

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 813 ft²
1706 Compass Drive, Forked River, NJ, 08731 Listing by Kenneth Nilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Rosa Mazzei, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22514532
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.

Frequently Asked Questions

When was property at 830 Forepeak Drive built and last sold?
The property at 830 Forepeak Drive was built in 1994 and last sold on Feb 1, 2013 for $485,000.
How much is this home worth?
The estimated value of the home located at 830 Forepeak Drive is $0.
What are some comparable homes to 830 Forepeak Drive?
There are currently no comparable homes to 830 Forepeak Drive.
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