$690,000
●
House -
Off Market
86 CORNELL DRIVE
MANAHAWKIN, NJ 08050
5 Beds
3 Baths
2,366 Ft²
$3,971
Est. Monthly
8.28%
Cap Rate
About This Property
JUST REDUCED
Newly Renovated Colonial in Prestigious Deer Lake Park
Step into modern elegance with this stunning newly renovated Colonial in the highly sought-after Deer Lake Park neighborhood. Perfectly situated on a prime corner lot, this spacious five-bedroom, (including 2 primary en-suites) three-bathroom home offers the perfect blend of sophistication and comfort.
Two expansive living areas, ideal for entertaining or relaxing
Upgrades include:
New bright and open kitchen with brand-new stainless steel appliances and sleek finishes
Brand-new central A/C and modern gas boiler (on demand) for year-round comfort
Brand-new roof for worry-free living
New flooring throughout
All Bathrooms upgraded
Spacious two-car garage and brand-new washer and dryer for ultimate convenience
Nestled in one of the area's most coveted neighborhoods, this home is just moments from top-rated schools, parks, and all the best local amenities.
This move-in ready home is a rare find. Schedule your private showing today.
*Some photos are digitally enhanced*
Newly Renovated Colonial in Prestigious Deer Lake Park
Step into modern elegance with this stunning newly renovated Colonial in the highly sought-after Deer Lake Park neighborhood. Perfectly situated on a prime corner lot, this spacious five-bedroom, (including 2 primary en-suites) three-bathroom home offers the perfect blend of sophistication and comfort.
Two expansive living areas, ideal for entertaining or relaxing
Upgrades include:
New bright and open kitchen with brand-new stainless steel appliances and sleek finishes
Brand-new central A/C and modern gas boiler (on demand) for year-round comfort
Brand-new roof for worry-free living
New flooring throughout
All Bathrooms upgraded
Spacious two-car garage and brand-new washer and dryer for ultimate convenience
Nestled in one of the area's most coveted neighborhoods, this home is just moments from top-rated schools, parks, and all the best local amenities.
This move-in ready home is a rare find. Schedule your private showing today.
*Some photos are digitally enhanced*
Unit Size
2,366 Ft²
Days on Market
78 days
Land Size
-
Price per sqft
$295
Property Type
House
Property Taxes
$538
HOA Dues
-
Year Built
1973
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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 (Bright MLS #NJOC2032392)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| May 10, 2025 | Price Decreased |
$699,000
↓ $20K
(2.8%) | |
| Price Decreased | |||
| Mar 13, 2025 | Listed | $719,000 | |
| Listed | |||
| | |||
|
Exquisite Newly Renovated Colonial in Prestigious Deer Lake Park
Step into luxury and modern elegance with this stunning newly renovated Colonial in the highly sought-after Deer Lake Park neighborhood. Perfectly situated on a prime corner lot, this spacious five-bedroom, three-bathroom home offers the perfect blend of sophistication and comfort.
Impeccable Upgrades & Features:
Two expansive living areas, ideal for entertaining or relaxing
Gourmet kitchen with brand-new stainless steel appliances and sleek finishes
Brand-new central A/C and modern gas boiler (on demand) for year-round comfort
Brand-new roof for worry-free living
Spacious two-car garage and brand-new washer and dryer for ultimate convenience
Nestled in one of the area's most coveted neighborhoods, this home is just moments from top-rated schools, parks, and all the best local amenities.
This move-in ready home is a rare find. Schedule your private showing today.
*Some photos are digitally enhanced*
| |||
| Feb 28, 2025 | Price Decreased |
$689,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Feb 24, 2025 | Listed | $699,000 | |
| Listed | |||
| | |||
|
New and thoughtful renovation just completed to this beautiful Colonial home in the much desired Deer Lake Park. Corner lot, five bedrooms and three full bathrooms, along with two large living areas, two car garage, brand new central AC, modern gas boiler (on demand), brand new roof, brand new kitchen appliances, brand new washer and dryer, complete with being near top schools. Don't wait on viewing this spacious and move in ready home!
| |||
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About Manahawkin
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Listed by: Laura Tool
Coastal Living Real Estate Group
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# NJOC2032392
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Coastal Living Real Estate Group
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# NJOC2032392
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