121 West Pelican Way
Toms River, NJResidential
High flood risk
High-risk Special Flood Hazard Area. Flood insurance is typically required by lenders.
Source: FEMA National Flood Hazard Layer. Verify with your insurer.
About This Home
Welcome to your perfect Jersey Shore escape in the sought-after beach community of Lavallette, on OWNED LAND!! Built in 2014 and elevated nearly 12 feet, this charming coastal retreat offers comfort, convenience, and prime seaside living just 1.5 blocks from the ocean and Barnegat Bay, ideally located directly across from the Boat Basin, with space for a small boat, kayak, or wave runner. Inside, enjoy a bright open layout with soaring ceilings, seamless living and dining spaces, and a well-appointed kitchen with tall cabinetry and ample storage. Two comfortable bedrooms, a spacious bath with frameless walk-in shower, and stackable washer/dryer complete the home. The high elevation of this home creates valuable ground-level bonus space with custom arched doors that open up, plus two outdoor decks perfect for relaxing or entertaining. Located in desirable Ocean Beach 3, close to the newly built clubhouse, pristine beaches, dining, and shopping. Whether you're seeking a summer getaway, investment property, or year-round shore retreat, this home is a rare opportunity to own a piece of the Jersey Shore lifestyle
Tax & Assessment
- Total Assessed Value
- $595,000
- Land Value
- $367,000
- Improvement Value
- $228,000
- Annual Property Tax
- $10,835
- Property Class
- Residential
Neighborhood
Source: U.S. Census Bureau, American Community Survey (5-year), for this home's census tract.
Nearby Schools
- Lavallette Elementary SchoolElementary · Lavallette1.6 mi
- Hugh J. Boyd Jr. Elementary SchoolElementary · Seaside Hts3.2 mi
- Silver Bay Elementary SchoolElementary · Toms River4.0 mi
- Toms River High School EastHigh School · Toms River4.5 mi
- Osbornville Elementary SchoolElementary · Brick4.7 mi
Nearest public schools by distance. Source: NCES (U.S. Dept. of Education). Confirm attendance zones with the school district.
Homes for Sale in the Community
For Sale
For Sale
For Sale
For SaleRecent Sales in Ocean Beach
- 132 Ocean Bay Boulevard, Lavallette, Nj 08735Sold Jun 2026 · 4 bd · 3 ba · 2,169 sq ft$1,676,000
- 105 W Dune Way, Lavallette, Nj 08735Sold Jun 2026 · 2 bd · 1 ba · 560 sq ft$765,000
- 351 W Bayview Drive, Lavallette, Nj 08735Sold Jun 2026 · 3 bd · 2 ba · 1,055 sq ft$1,600,000
- 107 W Beach Way, Lavallette, Nj 08735Sold Jun 2026 · 3 bd · 2 ba · 1,060 sq ft$860,000
Recent closed sales in this home's community, per the MLS. Shown for context only, not a valuation.
Interior
- Basement
- Yes
Exterior & Parking
- Lot Size
- 0.0367 acres
Construction & Zoning
- Year Built
- 2014
- Building Description
- 1F 0560
- Property Class
- Residential
- Block / Lot
- Block 1109.06, Lot 21
- County
- Ocean
Community & HOA
- Community
- Ocean Beach
Sale History
- Last Recorded Sale
- $135,000
- Sale Date
- November 5, 2014
- Deed Reference
- Book 15935, Page 00772
Is this your home?
53 homes sold in Ocean Beach this past year, in about 50 days at 98% of asking.
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Property details are sourced from New Jersey public tax and property records (NJ MOD-IV / NJGIN and public parcel data). Recent sale information courtesy of Keller Williams Realty Ocean Living via the MLS. Information is deemed reliable but not guaranteed and should be independently verified.