908 Shenandoah Dr · Forked River, NJ 08731

$1,299,999

5 bd · 3.0 ba · 3,184 sqft · SingleFamily public records · 65 Days on market

Built 2007 6,534 sqft lot $408/sqft · 24% above area Est $1050k · 24% over

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Why this score? — see what drove the C+ 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).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

MUST SEE! This exceptional custom-built waterfront residence, completed in 2008, offers 80 feet of prime waterfrontage with a brand-new bulkhead and breathtaking water views from three sides. Boasting 3,450 square feet of beautifully designed living space, this home is a true boater's and entertainer's paradise. Abundant natural light floods the home through expansive windows, highlighting the open and inviting layout that's perfect for both relaxed daily living and memorable gatherings by the water. The gourmet kitchen is a chef's dream, featuring premium appliances including dual ovens, generous counter space, and an ideal setup for preparing meals while enjoying the beautiful water views.

Key facts

• 6,534 sq ft lot
• 2 garage spots
• Built 2007

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $1.30M.

Deal economics

• At list price, monthly cash flow is $7k ($80k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($20k rent vs $1.30M).
• Recommended offer: $1.22M (6.0% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 3.2% in Forked River — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 61/100 on livability (#464 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, employment A-; Watch: amenities F, commute F, cost of living F.
• Lacey Township School District (suburban): math 22% / reading 43% proficiency, ranked #299 of 472 in NJ (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 19% free/reduced lunch — higher-income household profile.
• Market conditions: 190 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4,434 units permitted in Ocean County in 2024 (868 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $9k of loan paydown is wiped out by about $39k of value loss. Plan a longer hold.
• Ocean County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $364k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($1.22M) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $899k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,221,999 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
8. 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.
9. 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.
10. 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: 1.54% ✓
• Cap rate: 12.86%
• Cash-on-cash: 23.46%
• DSCR: 2.04
• GRM: 5.4

CMA / ARV

• ARV (median comp): $1,049,892
• List price: $1,299,999
• Delta: 23.82%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
915 Shenandoah Dr	0.07mi	4/3.0 (-1)	3,437 (+8%)	2mo	$1,600,000	$466	76
826 Leeward Dr	0.27mi	4/3.5 (-1)	3,052 (-4%)	18mo	$1,180,000	$387	58
953 Capstan Dr	0.39mi	5/3.5	2,900 (-9%)	8mo	$1,040,000	$359	58
1018 Neosho Dr	0.41mi	4/2.5 (-1)	3,000 (-6%)	19mo	$955,000	$318	48
1206 Varuna Dr	0.66mi	4/3.0 (-1)	2,928 (-8%)	24mo	$980,000	$335	31
821 Spar Dr	0.68mi	4/2.5 (-1)	2,860 (-10%)	21mo	$1,055,000	$369	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 14.8%
• Equity multiple: 1.59×
• Total profit: $215,873
• Equity at exit: $193,834

10-year hold

• IRR: 23.5%
• Equity multiple: 3.03×
• Total profit: $738,252
• Equity at exit: $112,400

Cash invested: $364,000 (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 08731

• Active inventory: 190
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $20,000 medium
• Mortgage (P&I): −$6,817
• Tax from tax record: −$1,324 /mo · $15,882/yr
• Insurance: −$542
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,200
• Net cashflow: $6,691

Break-even live

Break-even rent $11,530

Max offer price $1,299,999

Occupancy floor 62%

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: $325,000
• Closing costs: $39,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
821 Bunnell St Lanoka Harbor, NJ	5.0	3.5	3012	$20,000	$6.64	15d	1	1.46mi

Listing history 37 events

1. 2026-06-18
   days on market $1,299,999 Active 65 DOM
2. 2026-06-17
   days on market $1,299,999 Active 64 DOM
3. 2026-06-16
   days on market $1,299,999 Active 63 DOM
4. 2026-06-15
   days on market $1,299,999 Active 62 DOM
5. 2026-06-13
   days on market $1,299,999 Active 60 DOM
6. 2026-06-09
   days on market $1,299,999 Active 56 DOM
7. 2026-06-08
   days on market $1,299,999 Active 55 DOM
8. 2026-06-07
   days on market $1,299,999 Active 54 DOM
9. 2026-06-04
   days on market $1,299,999 Active 51 DOM
10. 2026-06-03
    days on market $1,299,999 Active 50 DOM
11. 2026-06-02
    days on market $1,299,999 Active 49 DOM
12. 2026-06-01
    days on market $1,299,999 Active 48 DOM
13. 2026-05-31
    days on market $1,299,999 Active 47 DOM
14. 2026-04-27
    price $1,299,999 702-char remark

    Show marketing remark (702 chars)

    MUST SEE! This exceptional custom-built waterfront residence, completed in 2008, offers 80 feet of prime waterfrontage with a brand-new bulkhead and breathtaking water views from three sides. Boasting 3,450 square feet of beautifully designed living space, this home is a true boater's and entertainer's paradise. Abundant natural light floods the home through expansive windows, highlighting the open and inviting layout that's perfect for both relaxed daily living and memorable gatherings by the water. The gourmet kitchen is a chef's dream, featuring premium appliances including dual ovens, generous counter space, and an ideal setup for preparing meals while enjoying the beautiful water views.

15. 2026-04-14
    listed $1,350,000 Active 702-char remark

    Show marketing remark (702 chars)

    MUST SEE! This exceptional custom-built waterfront residence, completed in 2008, offers 80 feet of prime waterfrontage with a brand-new bulkhead and breathtaking water views from three sides. Boasting 3,450 square feet of beautifully designed living space, this home is a true boater's and entertainer's paradise. Abundant natural light floods the home through expansive windows, highlighting the open and inviting layout that's perfect for both relaxed daily living and memorable gatherings by the water. The gourmet kitchen is a chef's dream, featuring premium appliances including dual ovens, generous counter space, and an ideal setup for preparing meals while enjoying the beautiful water views.

16. 2026-04-11
    historical $1,350,000 702-char remark

    Show marketing remark (702 chars)

    MUST SEE! This exceptional custom-built waterfront residence, completed in 2008, offers 80 feet of prime waterfrontage with a brand-new bulkhead and breathtaking water views from three sides. Boasting 3,450 square feet of beautifully designed living space, this home is a true boater's and entertainer's paradise. Abundant natural light floods the home through expansive windows, highlighting the open and inviting layout that's perfect for both relaxed daily living and memorable gatherings by the water. The gourmet kitchen is a chef's dream, featuring premium appliances including dual ovens, generous counter space, and an ideal setup for preparing meals while enjoying the beautiful water views.

17. 2021-09-17
    soldstatus $899,000
18. 2021-09-13
    soldstatus $899,900 Sold 1524-char remark

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

19. 2021-09-13
    soldstatus $899,900 Closed

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

20. 2021-08-05
    status Pending
21. 2021-07-29
    status Pending 1524-char remark

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

22. 2021-06-17
    price $949,900

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

23. 2021-06-17
    price $949,900 1524-char remark

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

24. 2021-06-11
    price $974,900
25. 2021-06-10
    price $974,900 1524-char remark

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

26. 2021-05-17
    price $994,900 1524-char remark

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

27. 2021-05-17
    listed $994,900 Active

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

28. 2021-04-02
    listed $999,900 Active 1524-char remark

    Show marketing remark (1524 chars)

    ''Luxurious waterfront, architectural masterpiece crafted & designed to perfection. Sitting on 88 ft of prime waterfront w/ breathtaking views. First floor entry greets you w/ 18 ft. Ceiling, decorative crown moulding, hd floors, travertine tile. Chefs gourmet kitchen w/ center island 2 ovens, SS appliances, granite, custom crafted cabinetry ,wet bar, wine rack, decorative mantel, & breakfast nook overlooking water. Family room w/ FP. & double doors leading out to expansive deck w/ hot tub 50 yr. vinyl bulkhead & 70 ft.dock. Warm & inviting LR, DR rm plus guest suite w/ private bath, 9 ft ceilings & walls of windows complete main level. Winding stairs lead to 4 spacious bedrooms. Master suite with soaring ceiling, sitting rm.,spa inspired bath w/ rain forest shower, jacuzzi, French doors to balcony the perfect place to enjoy sunrises & sunsets guest suites have walk in closets. Professionally landscaped underground sprinkler system security system usable crawl space Anderson windows central vacuum, dimensional shake siding 2 zone heat 2 zone CA. stand up attic Expansive deck 12 " centers w/ tempered glass railings home was designed to capture the intoxicating water views, minutes to open bay, great boating fishing, kayaking surfing paddle boarding crabbing and the beautiful white sandy beaches of the Jersey Shore, you will fall in love! Wonderful restaurants great entertainment great shopping close to Atlantic City International airport great school system low taxes

29. 2014-10-06
    historical
30. 2014-04-17
    listed $789,900
31. 2014-04-17
    listed $789,900
32. 2013-10-02
    historical
33. 2013-04-04
    listed $799,000
34. 2011-04-02
    listed $895,000
35. 2008-09-09
    soldstatus $875,500
36. 2008-08-29
    soldstatus $875,500
37. 2008-07-10
    listed $899,000

ⓘ 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: $15,882 · $1,324/mo
• Projected year-2 tax: $24,126 · $2,011/mo
• Expected delta: +$8,244/yr (+$687/mo · 51.9%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 95% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $240,000
• − Mortgage interest: −$72,820
• − Property taxes: −$15,882
• − Insurance: −$11,618
• − Repairs & maintenance: −$19,200
• − Management: −$19,200
• − Depreciation: −$37,818
• Taxable income: $63,461
• Est. tax owed @ 24.0%: −$15,231
• After-tax cash flow: $65,061/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)

• District: Lacey Township School District
• NCES district ID: 3408100
• Math proficiency: 22% ▼ -18.00%
• Reading proficiency: 43% ▼ -11.00%
• Median HH income: $73,331
• Composite: 30.42/100
• National rank: #6242
• State rank: #299 of 472 in NJ

Livability — Forked River

• Score: 61/100
• State rank: #464
• US rank: #17753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 21,136

Population outlook (Ocean County) Hauer SSP2

• Today (2025): 586,991 people
• By 2030: 581,403 · -1.0%
• By 2040: 564,913 · -3.8%
• By 2050: 538,149 · -8.3%
• By 2075: 468,845 · -20.1%
• By 2100: 350,297 · -40.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 15% Two or more races 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8%
• Common ancestry: Romanian 12% Slovak 2% Scotch-Irish 2%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Ocean

• 2024 margin: Solid R (+36.0) · D 31.4% · R 67.4% · Other 1.2%
• 2008→2024 swing: -17.6pp toward R · 2008: -18.4pp · 2024: -36.0pp
• All cycles: 2024: R+36.0 2020: R+28.7 2016: R+34.0 2012: R+17.7 2008: R+18.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -328.91%
• Current HPI: 352.355
• 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

+44.6% since first listed

24 events — show timeline

• 2026-04-27 Price Changed $1,299,999 MOMLS
• 2026-04-14 Listed $1,350,000 MOMLS
• 2026-04-11 Coming Soon $1,350,000 MOMLS
• 2021-09-17 Sold (Public Records) $899,000 Public Records
• 2021-09-13 Sold (MLS) $899,900 BRIGHT MLS
• 2021-09-13 Sold (MLS) $899,900 MOMLS
• 2021-08-05 Pending — BRIGHT MLS
• 2021-07-29 Pending — MOMLS
• 2021-06-17 Price Changed $949,900 BRIGHT MLS
• 2021-06-17 Price Changed $949,900 MOMLS
• 2021-06-11 Price Changed $974,900 BRIGHT MLS
• 2021-06-10 Price Changed $974,900 MOMLS
• 2021-05-17 Price Changed $994,900 MOMLS
• 2021-05-17 Listed $994,900 BRIGHT MLS
• 2021-04-02 Listed $999,900 MOMLS
• 2014-10-06 Listing Removed — BRIGHT MLS
• 2014-04-17 Listed $789,900 MOMLS
• 2014-04-17 Listed $789,900 BRIGHT MLS
• 2013-10-02 Listing Removed — BRIGHT MLS
• 2013-04-04 Listed $799,000 BRIGHT MLS
• 2011-04-02 Listed $895,000 MOMLS
• 2008-09-09 Sold (Public Records) $875,500 Public Records
• 2008-08-29 Sold (MLS) $875,500 BRIGHT MLS
• 2008-07-10 Listed $899,000 BRIGHT MLS

Property tax history

+3.3%/yr

Latest (2025): $15,882 · +7.9% YoY. Source: county tax records.