21 East Penguin Way
Toms River, NJResidential
Ocean BeachModerate flood risk
Moderate risk — within the 0.2% annual-chance (500-year) floodplain.
Source: FEMA National Flood Hazard Layer. Verify with your insurer.
About This Home
So close you can hear the ocean and smell the salty breeze! Only 3 houses lie between this adorable cottage the beach, so living is easy! House has a lovely deck for lounging and the amenities you want in a beach house: central air, washer/dryer, larger bath and shower and high ceilings. This home also has great rental potential--could bring in around $45,000 for the summer season. Home is on leased land, so if you rent it, the lease payment can be a tax write-off.
Listing Details
MLS# 22622893Community Information
- Subdivision
- Ocean Beach
- City
- Lavallette
- County
- Ocean
- Area
- Toms River Twp (TOM)
- Zip Code
- 08735
Architecture
- Stories
- 1
- Architectural Style
- Bungalow
- Roof
- Shingle
- Foundation
- Slab
Features & Amenities
- Total Rooms
- 0
- Flooring
- Ceramic Tile
- Interior Features
- Built-in Features, Recessed Lighting
- Basement
- No
- Heating
- Forced Air, Natural Gas
- Cooling
- Central Air
- Fencing
- Fence
- Parking Features
- None, Driveway, Off Street
Property Features
- Lot Size
- 0.04
- Lot Sq Ft
- 1742.4
- Lot Dimensions
- 50 x 32
- Lot Features
- Oceanside, Leased Land, Ocean Block
- Zoning
- Residential, Single Family
- Water Source
- Public Water
- Sewer
- Public Sewer
- Directions
- Rt 35 N or S to east on Bonita Way, 3rd house from ocean. No sign.
Pricing & HOA
- List Price
- $579,000
- Price / Sq Ft
- $1,206
- HOA Fee (Annually)
- $780
- HOA Amenities
- Clubhouse, Playground, Association, Beach Access
- Sale Includes
- Washer, Blinds/Shades, Ceiling Fan(s), Counter Top Range, Dishwasher, Dryer, Microwave, Refrigerator, Gas Grill, Gas Cooking
- Exclusions
- All Personal Items
Mortgage Calculator
Estimated Monthly Payment
$3,926/mo
Estimates only. Actual payments vary based on your lender, credit score, and local tax rates. Contact us to connect with a trusted local lender.
Tax & Assessment
- Total Assessed Value
- $459,000
- Land Value
- $292,000
- Improvement Value
- $167,000
- Annual Property Tax
- $8,358
- 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 · Lavallette1.5 mi
- Hugh J. Boyd Jr. Elementary SchoolElementary · Seaside Hts3.1 mi
- Silver Bay Elementary SchoolElementary · Toms River4.3 mi
- Toms River High School EastHigh School · Toms River4.6 mi
- East Dover Elementary SchoolElementary · Toms River4.9 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
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 480 sq ft
Exterior & Parking
- Lot Size
- 0.0367 acres
Construction & Zoning
- Year Built
- 1952
- Building Description
- 1F 0480
- Property Class
- Residential
- Block / Lot
- Block 1110.14, Lot 19
- County
- Ocean
Community & HOA
- Community
- Ocean Beach
Sale History
- Sale Date
- February 13, 2017
- Deed Reference
- Book 16665, Page 01084
Property details are sourced from New Jersey public tax and property records (NJ MOD-IV / NJGIN and public parcel data). Listing information courtesy of Ocean Beach Sales via the MLS. Information is deemed reliable but not guaranteed and should be independently verified.