08/29/2026
Coastal market appreciation and limited inventory, 4Br, 3B, 2,434 Sq ft of living space. $224,000 in renovations, Oversized lot with potential for an additional dwelling
Coastal Market Surge: Demand Continues to Outpace Supply
Listing Agent: Scott McSorley | (908) 670-3574
Coastal New Jersey continues to experience strong upward pressure on property values as buyer demand significantly exceeds available inventory. With many desirable coastal communities experiencing estimated annual appreciation of 10-12%, properties that offer both immediate livability and future potential have become increasingly sought after.
229 Parker Street in Manahawkin stands out as a rare opportunity to acquire an extensively updated home on an oversized lot in one of Southern Ocean County's most desirable locations.
With approximately $224,000 in recent renovations and improvements, the property offers modernized living and the peace of mind that comes with substantial upgrades already completed. Buyers can enjoy the benefits of a move-in-ready home while also recognizing the long-term value of the property's generous land size.
What truly distinguishes this offering is the oversized lot itself. Subject to buyer due diligence and municipal approvals, the property may present the opportunity for an additional dwelling or future development, creating potential flexibility for multigenerational living, investment purposes, rental income, or long-term appreciation.
As buildable land becomes increasingly scarce throughout coastal New Jersey, opportunities that combine a renovated home, privacy, usable outdoor space, and potential future development are becoming more difficult to find. For buyers seeking both immediate enjoyment and future upside, 229 Parker Street represents a compelling opportunity in today's competitive coastal market.
229 Parker Street, Manahawkin, NJ, 08050 (LBI 10 Minutes Away)
https://myre.io/0OPZV9mnQiMr
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