For sale

Price cut: $245K (7/8)

$3,150,000

5 Abbott Avenue, Ocean Grove, NJ 07756

20beds

9,427sqft

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Single Family Residence

Built in 1871

2,178 Square Feet Lot

$3,097,300 Zestimate^®

$334/sqft

$-- HOA

What's special

Owners quartersDouble lot

This Historic Ocean Grove Hotel could also be a single family home. This beautiful building sits on a double lot just steps to Ocean Grove's award winning beach. It offers 20 bed rooms, 20 full baths and 3 half baths, 3 huge porches with panoramic Ocean Views. 1st floor in law suite, plenty of room for all your family and friends to gather. The ground level restaurant could easily accommodate large family gatherings. Great property for families to buy together while affording everyone lots of privacy. Or simply live in the owners quarters and run as a Bed and Breakfast. Come explore the possibilities including a possible condo conversion.

204 days

2,475

91

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 20
Bathrooms: 23
Full bathrooms: 20
1/2 bathrooms: 3

Heating

Natural Gas, Forced Air, Baseboard

Cooling

Multi Units, Central Air, Other

Features

Basement: Finished,Full,Heated,Walk-Out Access

Interior area

Total structure area: 9,427
Total interior livable area: 9,427 sqft

Property

Parking

Parking features: On Street

Features

Stories: 4
Has view: Yes
View description: Ocean
Has water view: Yes
Water view: Ocean
Waterfront features: Oceanside/Beach Blk

Lot

Size: 2,178 Square Feet
Dimensions: 60 x 38

Details

Parcel number: 3500230000000015

Construction

Type & style

Home type: SingleFamily
Architectural style: Victorian
Property subtype: Single Family Residence

Condition

Year built: 1871

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: Ocean Grove

HOA

Has HOA: No

Location

Region: Ocean Grove

Financial & listing details

Price per square foot: $334/sqft
Tax assessed value: $1,894,700
Annual tax amount: $34,256
Date on market: 12/19/2025

Estimated market value

$3,097,300

$2.94M - $3.25M

$3,111/mo

Price history

Date	Event	Price
7/8/2026	Price change	$3,150,000-7.2%$334/sqft
Source: MoreMLS #22537036 Report a problem
12/19/2025	Listed for sale	$3,395,000-8.2%$360/sqft
Source: MoreMLS #22537036 Report a problem
10/12/2022	Listing removed	--
Source: RE/MAX International Report a problem
5/13/2022	Listed for sale	$3,699,000+2286.5%$392/sqft
Source: MoreMLS #22214513 Report a problem
6/12/2000	Sold	$155,000$16/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$31,793 +25.4%	$1,894,700 +25.4%
2024	$25,350 +5%	$1,510,700 +11%
2023	$24,144 -3.1%	$1,361,000 +2.7%
2022	$24,923 +21%	$1,325,000 +33.6%
2021	$20,604 -1.7%	$992,000
2020	$20,961 -25.8%	$992,000
2019	$28,233 +19.2%	$992,000 -25%
2018	$23,682 -0.2%	$1,322,400 +24.3%
2017	$23,725 -10.9%	$1,063,900
2016	$26,622 -1.9%	$1,063,900 -12.5%
2015	$27,143 +839.8%	$1,215,600 +893.9%
2014	$2,888 +3%	$122,300
2012	$2,804 +1.8%	$122,300
2011	$2,755 +5%	$122,300
2010	$2,624 +3.2%	$122,300
2009	$2,543	$122,300
2008	--	$122,300
2007	--	$122,300
2006	--	$122,300
2005	--	$122,300 +68%
2003	--	$72,800
2002	--	$72,800
2001	--	$72,800

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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