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LAWRENCE J. GREENBERG Broker Associate

431 Main Ave. Bay Head, NJ 08742

direct | (732) 691-7524 office | (732) 899-0038 fax | (732) 899-0320 email | LUXRE@outlook.com website | LawrenceJGreenberg.com

MARCH 2018

REAL ESTATE REPORT

Visit www.MantolokingRealEstateReport.com for community info and recent sales.

MANTOLOKING 2017 Year-End Review

In 2017, Lawrence J. Greenberg negotiated and sold $35,053,000 in the Mantoloking Borough alone.

On the barrier island in 2017 he had over $50,000,000 Under Contract & Sold 2018 Under Contract & Sold in Mantoloking Address 1017 East Avenue 1019 East Avenue 1041 Ocean Avenue 1337 Ocean Avenue 1079 Ocean Avenue 1033 Ocean Avenue 1037 Ocean Avenue 1513 Runyon Lane 1073 Ocean Avenue 1004 East Avenue 12 Carpenter Lane

YEAR-END

2017

HOME SOLD

PRICES

129

Price $2,750,000 $2,650,000 $2,600,000 $2,950,000 $3,500,000 $3,799,000 $3,699,000 $1,825,000 $6,250,000 $2,250,000 $1,365,000

Representation Buyer Buyer & Seller Buyer Seller Seller Seller Seller Buyer Seller Buyer Buyer & Seller

HOMES SOLD IN 2017

$600,000

LOW MEDIAN HIGH

38

$2,449,276 $6,250,000

2017 Year-End Sold Home Prices

92.3%

$677

Average Days On Market For 2017

Average Sold Price/List Price Ratio For 2017

Average Price Per Square Foot For 2017

LOW: 3 • HIGH: 593

LOW: 80.3% • HIGH: 100.0%

LOW: $392 • HIGH: $1,008

Reflects data from the MORMLS from January 1st through December 31st, 2017.

Presented by

LAWRENCE J. GREENBERG M.

Prep a red Es p ec ia l l y Fo r

Johnathan and Angela-Marie Williams

V A N S CIV ER REALTOR S


LAWRENCE J. GREENBERG

Real Estate Market Report

Broker Associate

direct | (732) 691-7524 office | (732) 899-0038 fax | (732) 899-0320 email | LUXRE@outlook.com website | LawrenceJGreenberg.com

431 Main Ave. Bay Head, NJ 08742

Johnathan and Angela-Marie, Receive an in depth analysis of your homes true value in today's market. Call me today at (732) 691-7524 or visit:

LAWRENCE J. GREENBERG’S ACTIVE MANTOLOKING LISTINGS 1077 Ocean Avenue

1017 East Avenue

www.MantolokingRealEstateReport.com

1211 Ocean Avenue

A unique opportunity to own one of the most coveted oceanfront properties in Mantoloking, situated on one of the largest parcels - a double lot (140’ x 424’). This 5,500 square foot home deserves the reputation as the “ULTIMATE BEACH RESIDENCE”. Featuring 6 bedrooms, 5.2 bathrooms, this shingle style home offers panoramic ocean views and was built by Richard Hall Custom Homes. The understated elegance of this oceanfront home with prodigious windows, high volume ceilings, lush gardens and ample outdoor space exudes simplicity and timelessness. Breathe in the salt air, take a dip in the breathtaking Atlantic right out your back door or enjoy Barnegat Bay from the Mantoloking Yacht Club within a short distance. This idyllic coastal paradise is only 90 minutes from New York City. Proudly Offered at $8,950,000

MAY 2018 COMPLETION New Construction, John Kling Custom Homes presents one of the finest oceanfront homes being offered at the Jersey shore. High end appointments throughout, quality workmanship, and attention to detail is the mark of Master Craftsman John Kling. This 6 bedroom, 6/1 bath Shingle style home offers old world charm and the amenities of today. A great home for entertaining offering generous open spaces, a wine cellar, salt water pool with expansive bluestone patio. Located on East Avenue, one of the most prestigious streets at the Jersey Shore. Very close proximity to the Mantoloking Yacht Club, center of town, and train making this the ideal location. Proudly Offered at $7,399,000

Mantoloking Oceanfront Lot 100’ x 367’ - Rare opportunity to acquire 100ft of Oceanfront. One of the most sought after sprawling oceanfront lots is now available to purchase. This property posses a C.A.F.R.A permit to build with a 70’ x 140’ footprint, that can accommodate a 10,000+ sqft. home. There is an existing 20’ x 40’ gunite pool with accessory building. The proposed dune will be constructed to EL 22’ with protective steel revetment already installed, as per Mantoloking Boro., 1st floor can be flush with the dune. Commanding 1st floor ocean views. This property is not located next to public beach access affording the maximum amount of privacy. Priced exceptionally. Proudly Offered at $3,999,000

1536 Runyon Lane

935 East Avenue

1127 Ocean Avenue

This shingle style residence has 6 bedroom, 5 1/2 baths is located on one of the most coveted streets in South Mantoloking. Runyon Lane offers the ultimate in privacy and close proximity to the Albertson beach access. The architectural design of the home allows for open bay vistas and, the Forsythe preserve. Luxury abounds throughout this custom home, with fine attention to detail and technology. The neutral decor is tranquil, and enhances the outdoor scenery. White oak and quarter sewn 4’’ plank floors flow throughout, offering a seamless sense of continuation. A large outdoor heated and electronic screened deck off the kitchen provides for effortless entertaining while enjoying beautiful views. The heated gunite pool overlooks the bay and docks. Proudly Offered at $5,750,000

C.A.F.R.A Approved Oceanfront lot on prestigious East Avenue with protective rock revetment wall. Build your dream home on this 70’ x 355’ lot. The proposed dune will be constructed to EL 22’, as per Mantoloking Boro., 1st floor can be flush with the dune. Commanding 1st floor ocean views. This premier location is nestled amongst some of New Jersey’s most sought after real estate. The CAFRA approval is for a 5000+ sqft home. with an approved detached garage. The property is adjacent to a lifeguarded private beach association. Proudly Offered at $3,399,000

70’ x 376’ Oceanfront now available to purchase. This property posses a C.A.F.R.A permit to build with a 50’ x 111’ footprint, that can accommodate a 10,000 sqft. home. The proposed dune will be constructed to EL 22’ with protective steel revetment already installed, as per Mantoloking Boro., 1st floor can be flush with the dune. Commanding 1st floor ocean views. Rice & Brown house plans for a 6000+ sqft home will be included with the sale. This property is not located next to public beach access affording the maximum amount of privacy. Proudly Offered at $3,299,000

Johnathan and Angela-Marie, Whether you’re looking for an investment property, to relocate, upsize, or downsize, I can help achieve your goals. Call me today at (732) 691-7524.

Mantoloking Homes Currently Listed Status Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active

Address 1530 Ocean Avenue 949 Ocean Avenue 959 Barnegat Lane 961 Barnegat Lane 1117 Barnegat Lane 1012 East Avenue 1038 Barnegat Lane 306 Old Bridge Street 1433 Ocean Avenue 210 Channel Lane 1310 Bay Avenue 1516 Runyon Lane 1066 Barnegat Lane 1536 Runyon Lane 1007 East Avenue 1017 East Avenue 945 East Avenue 1077 Ocean Avenue 1206 Bay Avenue 1111 Ocean Avenue 1127 Ocean Avenue 1105 Ocean Avenue 935 East Avenue 1047 Ocean Avenue 1211 Ocean Avenue

Property Type Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Residential Land/Lots Land/Lots Land/Lots Land/Lots Land/Lots Land/Lots Land/Lots

Bedrooms 3 4 4 7 5 4 5 7 4 5 6 4 8 6 6 6 9 6 N/A N/A N/A N/A N/A N/A N/A

Total Baths 2.0 2.1 3.0 7.1 3.1 3.0 3.1 3.1 6.1 6.1 4.1 4.2 8.1 6.1 5.2 6.1 6.1 5.2 N/A N/A N/A N/A N/A N/A N/A

Est. Sq. Ft. 1,625 N/A N/A 4,899 4,238 N/A N/A N/A 3,638 6,000 4,480 5,200 6,889 N/A 4,801 6,400 N/A 5,500 N/A N/A N/A N/A N/A N/A N/A

Lot Dimensions 100 x 150 70 x 78 80 x 160 90 x 156 140 x 94 60 x 132 70 x 150 70 x 150 100 x 420 85 x 135 60 x 140 100 x 200 140 x 157 78 x 177 70 x 300 70 x 300 109x361 140' x 424' 50 x 135 70 x 377 70 x 376 70 X 410 70 x 355 70 x 470 100 x 367

Waterfront No No N No No No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

List Price $959,000 $1,090,000 $1,495,000 $1,690,000 $2,299,000 $2,800,000 $3,750,000 $4,350,000 $4,600,000 $4,700,000 $4,725,000 $5,500,000 $5,500,000 $5,750,000 $5,900,000 $7,399,000 $8,200,000 $8,950,000 $1,600,000 $3,200,000 $3,299,000 $3,300,000 $3,399,000 $3,600,000 $3,999,000

List Date 01/19/18 02/05/18 08/03/17 02/13/18 01/03/18 10/23/17 10/12/17 12/07/17 01/04/18 09/07/17 10/13/17 08/09/17 03/27/17 01/16/18 12/24/17 11/29/17 11/15/17 01/23/18 07/10/17 10/28/17 01/01/18 02/01/18 01/15/18 04/25/17 10/01/17

There are currently 2 homes and no lots Pending in Mantoloking. For more information on these listings, please call me at (732) 691-7524.

Mantoloking Homes Sold in the Last 120 Days Status Sold Sold Sold Sold Sold

Address 1109 Ocean Avenue 1037 Ocean Avenue 948 Lagoon Lane 922 Barnegat Lane 1062 Barnegat Lane

Property Type Bedrooms Total Baths Est. Sq. Ft. Lot Dimensions Waterfront List Price Residential 5 3.1 N/A 70 x 385 Yes $3,875,000 Land/Lots N/A N/A N/A 70 x 470 Yes $3,699,000 Land/Lots N/A N/A N/A 60 x 165 Yes $3,195,000 Land/Lots N/A N/A N/A 50 x 149 Yes $1,799,000 Land/Lots N/A N/A N/A 85 x 395 Yes $4,575,000

List Date 03/21/17 08/30/17 11/24/17 08/28/17 04/24/17

Sold Price Sold Date $3,530,000 11/10/17 $3,699,000 01/17/18 $2,800,000 12/19/17 $1,700,000 11/16/17 $3,675,000 10/20/17

Lawrence Greenberg and M. Van Sciver Realtors are not in any way affiliated with Mantoloking Home Owners Association, nor is this in any way an official advertisement or publication of Mantoloking. © 2018 M. Van Sciver Realtors. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MORMLS as of February 16th, 2018. Listings and sales may not be those of M. Van Sciver Realtors. MORMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | © 2018

Lawrence Greenberg - Mantoloking - March 2018  
Lawrence Greenberg - Mantoloking - March 2018