21 E Penguin Way, Lavallette, NJ 08735

$579,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 480 Lot Size (sq. ft.): 1,742 Status: Pending

Current Price: $579,000 List Date: 7/27/2026 Last Modified: 9/14/2026

Overview

Description

So close you can hear the ocean and smell the salty breeze! Only 3 houses lie between this adorable cottage and 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# 22622893

Contract Info

List Price/SqFt: 1206.25
Property Sub-Type: Single Family Residence
Sub-Type: Attached

Location

House Number: 21
Dir.: E
Street Name: Penguin
Street Suffix: Way
County: Ocean
Municipality: Toms River Twp (TOM)
Postal City: Lavallette
State: NJ
Zip Code: 08735
Area/Section: Shn Ocn Bch III
Complex/Subdivision: Ocean Beach
Directions: Rt 35 N or S to east on Bonita Way, 3rd house from ocean. No sign.

General Property Info

Full Baths: Yes
Total Baths: Yes
# Level 1 - Baths: Yes
Apx SqFt: 480
# Levels: Yes
Apx Year Built: 1952
Garage: No
Acreage: 0.04
Lot Dimensions: 50 x 32
HOA: Yes
Assn Fee: 780
Assn Fee Paid: Annually
Pool: No
Waterfront: No
Waterview: No

Tax and Legal

Asmnt - Total: 459000
Deed Restricted: Yes
Taxes: 8969
Tax Year: 2025

Status Change Info

Under Contract Date: 2026-08-04

More Information

Property Features

Style: Bungalow Interior: Built-in Features; Recessed Lighting Living Room: Built-Ins; Floor - Other - See Remarks Kitchen: Breakfast Cntr; Ceramic Tile Primary Bath: Shower Stall Basement: None; Slab Floors: Ceramic Tile Cooling: Central Air Heating: Forced Air; Natural Gas Water Heater: Electric Exterior: Fence Garage: None Siding: Vinyl Roof: Shingle Parking: Driveway; Off Street Included: Blinds/Shades; Ceiling Fan(s); Counter Top Range; Dishwasher; Dryer; Gas Cooking; Gas Grill; Microwave; Refrigerator; Washer Zoning: Residential; Single Family Lot Description: Oceanside; Leased Land; Ocean Block Water Type: Oceanside/Beach Blk Common Elements: Association; Beach Access; Clubhouse; Playground Management Type: Owner/Association Allowable: Rentals; One Cat; One Dog Assessment Status: Assessed

Listing Office: Ocean Beach Sales

Listing Agent: Angela Serio

Last Updated: September - 14 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.