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$2,000,000
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Property Description
This is a very rare opportunity to purchase a building lot in the Central Business District of Asbury Park, just outside of the Waterfront Redevelopment Area. This lakefront property is flat and clean and all utilities are at the curb. The property borders on a Kennedy Park to the east, for unobstructed views of the park and Wesley Lake. Zoning will allow for a mixed-use building with apartments or condos over retail below. There is also room for off-street parking on site depending on the site plan. Please note that the picture of the building is not a rendering of what can be built on the lot.
Full Property Details
Full Property Details for 515 Lake Ave
General
- Price: $2,000,000
- Taxes: $23,145 (2025)
- Status: Active
- Type: Land Residential
- Source: Monmouth
- MLS ID: 22525092
- Updated: 8/20/2025
- Added to Site: 153 day(s) ago
Location
- Area: Asbury Park (ASB)
- Municipality: Asbury Park (ASB)
- County: Monmouth
- Subdivision: None
- Location Details: Business District, Historic District, Residential District
Utilities
- Gas: At Street
- Dist. to Gas: At Street
- Dist. to Electric: At Street
- Water/Sewer: Public Sewer at Street, Public Water
- Cable Service: At Street
Lot Features
- Lot Dimensions: 75 x 100
- Lot Features: Other
- Zoning: Central Business, Commercial, Condo, Mixed, Multifamily, Office, Professional, Residential, Retail
Water Features
- Water Front: Yes
- Water View: Yes
Financial Considerations
- Assessment Amount: $1,321,100
- Tax Amount: $23,145
- Tax Year: 2025
Disclosures and Reports
- Property ID: 04-03105-0000-00001-02
- Section: SE Asbury Pk
Listed by Sackman Realty, Patrick Schiavino
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Schools
Schools serving 515 Lake Ave
School District:Asbury Park City School District
| Name | Grades | Distance |
|---|---|---|
Asbury Park High School 1001 Sunset Avenue, Asbury Park, NJ 07712 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 515 Lake Ave
Date
Details
Price
Change
Source
8/19/2025
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 515 Lake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,873
5%
$1,321,100
11%
2023
$18,003
19%
$1,193,000
2%
2022
$15,145
8%
$1,164,500
20%
2021
$13,990
—
$972,700
10%
2021
$13,990
1%
$885,600
5%
2019
$13,916
—
$843,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 515 Lake Ave
515 Lake Avenue, Asbury Park, NJ 07712 (MLS# 22525092) is a Land Residential property with a lot size of 0 acres. 515 Lake Avenue is currently listed for $2,000,000 and was received on August 19, 2025. Want to learn more about 515 Lake Avenue? Do you have questions about finding other Land Residential real estate for sale in Asbury Park? You can browse all Asbury Park real estate or contact a Coldwell Banker agent to request more information.

