Pending

$579,000

21 E Penguin Way, Lavallette, NJ 08735

2beds

480sqft

$3,857/mo

Get pre-qualified

Single Family Residence

Built in 1952

1,742 Square Feet Lot

$586,500 Zestimate^®

$1,206/sqft

$65/mo HOA

What's special

Adorable cottageHigh ceilingsCentral airLarger bath and showerLovely deck for lounging

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.

22 days

1,970

122

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Natural Gas, Forced Air

Cooling

Central Air

Features

Recessed Lighting
Flooring: Ceramic Tile
Basement: None

Interior area

Total structure area: 480
Total interior livable area: 480 sqft

Property

Parking

Parking features: Driveway, Off Street, None
Has uncovered spaces: Yes

Features

Stories: 1
Waterfront features: Oceanside/Beach Blk, Ocean Block, Oceanside

Lot

Size: 1,742 Square Feet
Dimensions: 50 x 32

Details

Parcel number: 08011101400019
On leased land: Yes
Zoning description: Residential, Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Slab

Condition

Year built: 1952

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: Ocean Beach

HOA

Has HOA: Yes
HOA fee: $780 annually

Location

Region: Lavallette

Financial & listing details

Price per square foot: $1,206/sqft
Tax assessed value: $459,000
Annual tax amount: $8,969
Date on market: 7/27/2026
Inclusions: Washer, Blinds/Shades, Ceiling Fan(s), Counter Top Range, Dishwasher, Dryer, Microwave, Refrigerator, Gas Grill, Gas Cooking
Exclusions: All Personal Items

Estimated market value

$586,500

$557,000 - $616,000

$2,278/mo

Price history

Date	Event	Price
8/4/2026	Pending sale	$579,000$1,206/sqft
Source: MoreMLS #22622893 Report a problem
7/27/2026	Listed for sale	$579,000+72.8%$1,206/sqft
Source: MoreMLS #22622893 Report a problem
11/6/2020	Sold	$335,000-6.9%$698/sqft
Source: MoreMLS #22033803 Report a problem
9/20/2020	Listed for sale	$359,900+24.1%$750/sqft
Source: Diane Turton, Realtors-Lavallette #22033803 Report a problem
12/31/2019	Listing removed	$289,900$604/sqft
Source: Keller Williams Preferred Properties #21939323 Report a problem
9/25/2019	Listed for sale	$289,900+7.4%$604/sqft
Source: Keller Williams Preferred Properties #21939323 Report a problem
3/26/2018	Sold	$270,000-2.5%$563/sqft
Source: MoreMLS #21738282 Report a problem
10/2/2017	Listed for sale	$277,000$577/sqft
Source: Ocean Beach Sales #21738282 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2023	$7,661 +9.5%	$459,000
2022	$6,999	$459,000
2021	$6,999 +5%	$459,000 +64.3%
2020	$6,666 +1.4%	$279,400
2019	$6,577 +0.9%	$279,400
2018	$6,521 +2.7%	$279,400
2017	$6,351 +3.9%	$279,400
2016	$6,110 +5%	$279,400
2015	$5,817 +117%	$279,400
2014	$2,681 -51.8%	$279,400 +110.7%
2013	$5,567	$132,600