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23 East Penguin Way

Toms River, NJResidential

Recently Sold · Oct 2025$510,000

Ocean Beach

1952

Year Built

0.0367 ac

Lot Size

Flood ZoneZone X

Moderate 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

Summer living is easy in this beach cottage: it's only FOUR houses to a private beach! A great location for personal and/or rental use. The cottage has an open floor plan, ceramic tile floors and washer/dryer, and all furniture stays so bring a suitcase and enjoy late summer at the Jersey Shore. Approximately $23-25,000 in summer rental income. Home is on leased land, making the lease a deduction if rented.

Tax & Assessment

Total Assessed Value: $431,100
Land Value: $292,000
Improvement Value: $139,100
Annual Property Tax: $7,850
Property Class: Residential

Neighborhood

$696,400

Median home value

$53,276

Median household income

85%

Owner-occupied

Source: U.S. Census Bureau, American Community Survey (5-year), for this home's census tract.

Nearby Schools

Lavallette Elementary School
Elementary · Lavallette
1.5 mi
Hugh J. Boyd Jr. Elementary School
Elementary · Seaside Hts
3.1 mi
Silver Bay Elementary School
Elementary · Toms River
4.2 mi
Toms River High School East
High School · Toms River
4.5 mi
East Dover Elementary School
Elementary · Toms River
4.9 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

$579,000

21 E Penguin Way, Lavallette, Nj 08735

2 bd · 1 ba · 480 sq ft

For Sale

$1,200,000

3325 Teal Lane, Lavallette, Nj 08735

3 bd · 1 ba · 936 sq ft

For Sale

$1,750,000

299 Monterey Circle, Lavallette, Nj 08735

4 bd · 3 ba · 1,812 sq ft

For Sale

$539,000

105 W Surf Way, Lavallette, Nj 08735

2 bd · 1 ba · 480 sq ft

Recent Sales in Ocean Beach

132 Ocean Bay Boulevard, Lavallette, Nj 08735
Sold Jun 2026 · 4 bd · 3 ba · 2,169 sq ft
$1,676,000
105 W Dune Way, Lavallette, Nj 08735
Sold Jun 2026 · 2 bd · 1 ba · 560 sq ft
$765,000
351 W Bayview Drive, Lavallette, Nj 08735
Sold Jun 2026 · 3 bd · 2 ba · 1,055 sq ft
$1,600,000
107 W Beach Way, Lavallette, Nj 08735
Sold 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.

Exterior & Parking

Lot Size: 0.0367 acres

Construction & Zoning

Year Built: 1952
Building Description: 1F 0500
Property Class: Residential
Block / Lot: Block 1110.14, Lot 17
County: Ocean

Community & HOA

Community: Ocean Beach

Sale History

Sale Date: August 27, 2024
Deed Reference: Book 19807, Page 01396

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 Ocean Beach Sales via the MLS. Information is deemed reliable but not guaranteed and should be independently verified.