Build your waterfront estate at one of New Jersey's most desirable locations. Rarity creates value in what may be the best spot on Crescent Drive, with breathtaking views and no bridges to open water. Rebuild the existing 5 bedroom structure (which features H/W floors, a stone fireplace and views from most rooms),or design the new home of your dreams. The perfect lifestyle includes a dock behind your luxury home, and the channel has just been dredged, so large boats are welcome. The riparian lease has direct ocean access by way of Crabtown Creek which is only a few hundred feet from the lower Manasquan River. Both areas have recently been dredged. Water depth in the channel will be 7 feet at low tide. Crescent Drive is also a short walk to the Manasquan Beach. This is the life!