24 Surf St · Sea Bright, NJ 07760

$1,999,000

4 bd · 3.5 ba · 850 sqft · SingleFamily public records · 89 Days on market

Built 2025

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +0.6/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Exceptional new construction in Sea Bright offering panoramic Manhattan skyline views, private elevator access, and sophisticated open-concept living just steps from the beach. Stunning new-construction 4-bedroom, 3.5-bath home with additional office, perfectly positioned on a Jersey Shore but in close proximity to NY! Designed to impress, this residence offers an airy open-concept layout, seamless indoor-outdoor living, and high-end finishes throughout. Multiple balconies extend from the main living areas and bedrooms, filling the home with natural light and ocean breezes offer ocean and river views. At the top, a spectacular rooftop deck delivers breathtaking panoramic views, including a direct line of sight to the NYC skyline- the ultimate spot for entertaining or relaxing at sunset Thoughtfully built for comfort and convenience, the home features a private 4 stops elevator, spacious garage and ample storage space. Versatile on-suite den/loft space perfect for an office, media room, or extra guest space. Gas fireplace on the main level. Master Suite takes up a whole level and features 2 balconies and 3 closets. All of this is located just moments from Sea Bright's vibrant beachfront community, renowned dining, marinas, and the exciting upcoming Netflix Studio development, adding even more appeal to this exceptional coastal escape. Sea Bright beach has been voted #1 beach in Monmouth County and #3 in a whole state of NJ. New redevelopment zone along Shrewsbury River offers enhanced flood protection with new bulkhead , a public waterfront boardwalk, kayak station and updated residential housing. Do not miss the rare opportunity to own a brand-new home with unmatched ocean and river views in one of the Shore's most coveted towns. LIST OF FEATURES: - ONE OF THE TALLEST HOMES IN SEA BRIGHT - DIRECT NYC SKYLINE VIEW, OCEAN VIEW, RIVER VIEW - 3 BALCONIES PLUS FULL HOUSE ROOF TOP DECK - 4 STOPS ELEVATOR ON EACH LEVEL - OPEN KITCHEN WITH QUARTZ COUNTERTOP AND VIKING APPLIANCES, EAT-IN ISLAND - GAS FIREPLACE - RECESSED LIGHTS THROUGHOUT - HARDWOOD FLOORS - DEDICATED FLOOR TO THE MASTER SUITE WITH 2 BALCONIES - 4 BEDROOMS WITH ADDITIONAL FLEXIBLE ON-SUITE DEN - 3 ZONE HVAC (ON EACH LEVEL) - TANKLESS HWH - SLATELINE ROOF - 2 CAR OVERSIZED GARAGE WITH AMPLE STORAGE - COVERED PAVER PATIO

Key facts

• 2 garage spots
• Built 2025
• Listed 89 days

What this means for you Summary

Snapshot

• This is a 4-bed/3.5-bath single-family listed at $2.00M.

Deal economics

• At list price, monthly cash flow is $-9k ($-109k/yr) — negative.
• To cash-flow at today's rent, offer at most $394k (80.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $411k (79.4% below list).
• Recommended offer: $394k (80.3% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 59/100 on livability (#492 in NJ) — a working-class tenant base; expect higher turnover. Strengths: crime A+, employment A+, housing B; Watch: amenities F, commute F, cost of living F.
• Market conditions: 80 active listings in the ZIP; 2,840 units permitted in Monmouth County in 2024 (484 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $14k of loan paydown is wiped out by about $60k of value loss. Plan a longer hold.
• Monmouth County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($1.88M) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 27y ago; this cycle's ask has dropped $151k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $615k; list at $2.00M implies a 225% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $393,927 (80.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 80% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.21% ✗
• Cap rate: 1.12%
• Cash-on-cash: -18.49%
• DSCR: 0.18
• GRM: 40.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -56.5%
• Equity multiple: -0.61×
• Total profit: $-903,461
• Equity at exit: $298,057

10-year hold

• IRR: —
• Equity multiple: -1.74×
• Total profit: $-1,535,317
• Equity at exit: $172,837

Cash invested: $559,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 07760

• Active inventory: 80
• Price-to-rent: 40.5×

Monthly cashflow live

• Estimated rent: $4,112 medium
• Mortgage (P&I): −$10,483
• Tax from tax record: −$558 /mo · $6,696/yr
• Insurance: −$833
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$863
• Net cashflow: $-9,086

Break-even live

Break-even rent $15,613

Max offer price $393,927

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $499,750
• Closing costs: $59,970
• Reserves months: —
• Total cash needed: —

Listing history 37 events

1. 2026-06-18
   days on market $1,999,000 Active 89 DOM
2. 2026-06-17
   days on market $1,999,000 Active 88 DOM
3. 2026-06-16
   days on market $1,999,000 Active 87 DOM
4. 2026-06-15
   days on market $1,999,000 Active 86 DOM
5. 2026-06-13
   days on market $1,999,000 Active 84 DOM
6. 2026-06-13
   days on market $1,999,000 Active 83 DOM
7. 2026-06-10
   price $1,999,000 Active 80 DOM
8. 2026-06-09
   days on market $2,049,000 Active 80 DOM
9. 2026-06-08
   days on market $2,049,000 Active 79 DOM
10. 2026-06-07
    days on market $2,049,000 Active 78 DOM
11. 2026-06-04
    days on market $2,049,000 Active 75 DOM
12. 2026-06-03
    days on market $2,049,000 Active 74 DOM
13. 2026-06-02
    days on market $2,049,000 Active 73 DOM
14. 2026-06-01
    days on market $2,049,000 Active 72 DOM
15. 2026-05-31
    days on market $2,049,000 Active 71 DOM
16. 2026-05-09
    price $2,134,900 2318-char remark

    Show marketing remark (2318 chars)

    Exceptional new construction in Sea Bright offering panoramic Manhattan skyline views, private elevator access, and sophisticated open-concept living just steps from the beach. Stunning new-construction 4-bedroom, 3.5-bath home with additional office, perfectly positioned on a Jersey Shore but in close proximity to NY! Designed to impress, this residence offers an airy open-concept layout, seamless indoor-outdoor living, and high-end finishes throughout. Multiple balconies extend from the main living areas and bedrooms, filling the home with natural light and ocean breezes offer ocean and river views. At the top, a spectacular rooftop deck delivers breathtaking panoramic views, including a direct line of sight to the NYC skyline- the ultimate spot for entertaining or relaxing at sunset Thoughtfully built for comfort and convenience, the home features a private 4 stops elevator, spacious garage and ample storage space. Versatile on-suite den/loft space perfect for an office, media room, or extra guest space. Gas fireplace on the main level. Master Suite takes up a whole level and features 2 balconies and 3 closets. All of this is located just moments from Sea Bright's vibrant beachfront community, renowned dining, marinas, and the exciting upcoming Netflix Studio development, adding even more appeal to this exceptional coastal escape. Sea Bright beach has been voted #1 beach in Monmouth County and #3 in a whole state of NJ. New redevelopment zone along Shrewsbury River offers enhanced flood protection with new bulkhead , a public waterfront boardwalk, kayak station and updated residential housing. Do not miss the rare opportunity to own a brand-new home with unmatched ocean and river views in one of the Shore's most coveted towns. LIST OF FEATURES: - ONE OF THE TALLEST HOMES IN SEA BRIGHT - DIRECT NYC SKYLINE VIEW, OCEAN VIEW, RIVER VIEW - 3 BALCONIES PLUS FULL HOUSE ROOF TOP DECK - 4 STOPS ELEVATOR ON EACH LEVEL - OPEN KITCHEN WITH QUARTZ COUNTERTOP AND VIKING APPLIANCES, EAT-IN ISLAND - GAS FIREPLACE - RECESSED LIGHTS THROUGHOUT - HARDWOOD FLOORS - DEDICATED FLOOR TO THE MASTER SUITE WITH 2 BALCONIES - 4 BEDROOMS WITH ADDITIONAL FLEXIBLE ON-SUITE DEN - 3 ZONE HVAC (ON EACH LEVEL) - TANKLESS HWH - SLATELINE ROOF - 2 CAR OVERSIZED GARAGE WITH AMPLE STORAGE - COVERED PAVER PATIO

17. 2026-03-21
    listed $2,150,000 Active 2318-char remark

    Show marketing remark (2318 chars)

    Exceptional new construction in Sea Bright offering panoramic Manhattan skyline views, private elevator access, and sophisticated open-concept living just steps from the beach. Stunning new-construction 4-bedroom, 3.5-bath home with additional office, perfectly positioned on a Jersey Shore but in close proximity to NY! Designed to impress, this residence offers an airy open-concept layout, seamless indoor-outdoor living, and high-end finishes throughout. Multiple balconies extend from the main living areas and bedrooms, filling the home with natural light and ocean breezes offer ocean and river views. At the top, a spectacular rooftop deck delivers breathtaking panoramic views, including a direct line of sight to the NYC skyline- the ultimate spot for entertaining or relaxing at sunset Thoughtfully built for comfort and convenience, the home features a private 4 stops elevator, spacious garage and ample storage space. Versatile on-suite den/loft space perfect for an office, media room, or extra guest space. Gas fireplace on the main level. Master Suite takes up a whole level and features 2 balconies and 3 closets. All of this is located just moments from Sea Bright's vibrant beachfront community, renowned dining, marinas, and the exciting upcoming Netflix Studio development, adding even more appeal to this exceptional coastal escape. Sea Bright beach has been voted #1 beach in Monmouth County and #3 in a whole state of NJ. New redevelopment zone along Shrewsbury River offers enhanced flood protection with new bulkhead , a public waterfront boardwalk, kayak station and updated residential housing. Do not miss the rare opportunity to own a brand-new home with unmatched ocean and river views in one of the Shore's most coveted towns. LIST OF FEATURES: - ONE OF THE TALLEST HOMES IN SEA BRIGHT - DIRECT NYC SKYLINE VIEW, OCEAN VIEW, RIVER VIEW - 3 BALCONIES PLUS FULL HOUSE ROOF TOP DECK - 4 STOPS ELEVATOR ON EACH LEVEL - OPEN KITCHEN WITH QUARTZ COUNTERTOP AND VIKING APPLIANCES, EAT-IN ISLAND - GAS FIREPLACE - RECESSED LIGHTS THROUGHOUT - HARDWOOD FLOORS - DEDICATED FLOOR TO THE MASTER SUITE WITH 2 BALCONIES - 4 BEDROOMS WITH ADDITIONAL FLEXIBLE ON-SUITE DEN - 3 ZONE HVAC (ON EACH LEVEL) - TANKLESS HWH - SLATELINE ROOF - 2 CAR OVERSIZED GARAGE WITH AMPLE STORAGE - COVERED PAVER PATIO

18. 2026-03-14
    historical $2,150,000 2318-char remark

    Show marketing remark (2318 chars)

    Exceptional new construction in Sea Bright offering panoramic Manhattan skyline views, private elevator access, and sophisticated open-concept living just steps from the beach. Stunning new-construction 4-bedroom, 3.5-bath home with additional office, perfectly positioned on a Jersey Shore but in close proximity to NY! Designed to impress, this residence offers an airy open-concept layout, seamless indoor-outdoor living, and high-end finishes throughout. Multiple balconies extend from the main living areas and bedrooms, filling the home with natural light and ocean breezes offer ocean and river views. At the top, a spectacular rooftop deck delivers breathtaking panoramic views, including a direct line of sight to the NYC skyline- the ultimate spot for entertaining or relaxing at sunset Thoughtfully built for comfort and convenience, the home features a private 4 stops elevator, spacious garage and ample storage space. Versatile on-suite den/loft space perfect for an office, media room, or extra guest space. Gas fireplace on the main level. Master Suite takes up a whole level and features 2 balconies and 3 closets. All of this is located just moments from Sea Bright's vibrant beachfront community, renowned dining, marinas, and the exciting upcoming Netflix Studio development, adding even more appeal to this exceptional coastal escape. Sea Bright beach has been voted #1 beach in Monmouth County and #3 in a whole state of NJ. New redevelopment zone along Shrewsbury River offers enhanced flood protection with new bulkhead , a public waterfront boardwalk, kayak station and updated residential housing. Do not miss the rare opportunity to own a brand-new home with unmatched ocean and river views in one of the Shore's most coveted towns. LIST OF FEATURES: - ONE OF THE TALLEST HOMES IN SEA BRIGHT - DIRECT NYC SKYLINE VIEW, OCEAN VIEW, RIVER VIEW - 3 BALCONIES PLUS FULL HOUSE ROOF TOP DECK - 4 STOPS ELEVATOR ON EACH LEVEL - OPEN KITCHEN WITH QUARTZ COUNTERTOP AND VIKING APPLIANCES, EAT-IN ISLAND - GAS FIREPLACE - RECESSED LIGHTS THROUGHOUT - HARDWOOD FLOORS - DEDICATED FLOOR TO THE MASTER SUITE WITH 2 BALCONIES - 4 BEDROOMS WITH ADDITIONAL FLEXIBLE ON-SUITE DEN - 3 ZONE HVAC (ON EACH LEVEL) - TANKLESS HWH - SLATELINE ROOF - 2 CAR OVERSIZED GARAGE WITH AMPLE STORAGE - COVERED PAVER PATIO

19. 2025-12-12
    price $2,149,000
20. 2025-02-25
    soldstatus $615,000
21. 2025-02-10
    soldstatus $615,000 Closed
22. 2024-12-21
    status Pending
23. 2024-11-11
    listed $699,000 Active
24. 2024-11-08
    historical $699,000
25. 2012-04-25
    listed $374,900
26. 2011-10-24
    listed $374,900
27. 2006-08-11
    soldstatus $338,000
28. 2003-07-01
    soldstatus $140,000
29. 2000-05-23
    soldstatus $110,000
30. 2000-05-16
    soldstatus $110,000
31. 2000-04-10
    historical
32. 1999-12-29
    listed $119,900
33. 1999-10-06
    soldstatus $62,500
34. 1999-09-29
    soldstatus $62,500
35. 1999-09-27
    historical
36. 1999-01-25
    listed $79,900
37. 1980-11-01
    soldstatus $35,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $6,696 · $558/mo
• Projected year-2 tax: $28,236 · $2,353/mo
• Expected delta: +$21,539/yr (+$1,795/mo · 321.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $49,342
• − Mortgage interest: −$111,975
• − Property taxes: −$6,696
• − Insurance: −$15,520
• − Repairs & maintenance: −$3,947
• − Management: −$3,947
• − Depreciation: −$58,153
• Taxable loss: −$150,897
• Est. tax savings @ 24.0%: +$36,215
• After-tax cash flow: $-72,816/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — Sea Bright

• Score: 59/100
• State rank: #492
• US rank: #20030

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing B Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sea Bright, NJ
• Population (ZIP): 9,557

Population outlook (Monmouth County) Hauer SSP2

• Today (2025): 620,308 people
• By 2030: 612,309 · -1.3%
• By 2040: 587,297 · -5.3%
• By 2050: 551,342 · -11.1%
• By 2075: 472,934 · -23.8%
• By 2100: 381,534 · -38.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 3% Two or more races 3%
• Common ancestry: Romanian 5% Scotch-Irish 3% Italian 3%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Other Indo-European 2% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Monmouth

• 2024 margin: R (+11.4) · D 43.4% · R 54.8% · Other 1.8%
• 2008→2024 swing: -7.7pp toward R · 2008: -3.7pp · 2024: -11.4pp
• All cycles: 2024: R+11.4 2020: R+2.8 2016: R+9.5 2012: R+5.5 2008: R+3.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -567.27%
• Current HPI: 369.2564
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+5999.7% since first listed

22 events — show timeline

• 2026-05-09 Price Changed $2,134,900 MOMLS
• 2026-03-21 Listed $2,150,000 MOMLS
• 2026-03-14 Coming Soon $2,150,000 MOMLS
• 2025-12-12 Price Changed $2,149,000 MOMLS
• 2025-02-25 Sold (Public Records) $615,000 Public Records
• 2025-02-10 Sold (MLS) $615,000 MOMLS
• 2024-12-21 Pending — MOMLS
• 2024-11-11 Listed $699,000 MOMLS
• 2024-11-08 Coming Soon $699,000 MOMLS
• 2012-04-25 Listed $374,900 MOMLS
• 2011-10-24 Listed $374,900 MOMLS
• 2006-08-11 Sold (Public Records) $338,000 Public Records
• 2003-07-01 Sold (Public Records) $140,000 Public Records
• 2000-05-23 Sold (Public Records) $110,000 Public Records
• 2000-05-16 Sold (MLS) $110,000 MOMLS
• 2000-04-10 Delisted — MOMLS
• 1999-12-29 Listed $119,900 MOMLS
• 1999-10-06 Sold (Public Records) $62,500 Public Records
• 1999-09-29 Sold (MLS) $62,500 MOMLS
• 1999-09-27 Delisted — MOMLS
• 1999-01-25 Listed $79,900 MOMLS
• 1980-11-01 Sold (Public Records) $35,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $6,696 · +4.9% YoY. Source: county tax records.