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$1,200,000
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Property Description
This stunning multi-family home on the serene shores of Wesley Lake in Ocean Grove, offering modern luxury and coastal charm boasts 5 bedrooms, and 4 baths. Wake up to breathtaking views of Asbury Park, with its vibrant arts scene and energy, right from your doorstep. The first-floor home features a lakefront living area, dining area, spacious kitchen, master bedroom, full bath, bonus room, and both enclosed and open porches for savoring morning coffee with picturesque views. The second-floor apartment, with private entrance, includes a large gathering room, dining room, efficient kitchen, two full baths, and a bonus room adaptable for a home office or guest room. The wrap-around porch offers a serene outdoor space for dining or unwinding. The third-floor studio is a private sanctuary with a full bath, two rooms, and a wet bar dining area for luxury and versatility and is potentially accessible from first or second floor. Enjoy Ocean Grove's historic charm and vibrant events, plus nearby Asbury Park's dynamic scene. This property is perfect for rental investment or multi-generational living. Schedule your tour today and discover this NJ paradise!
Full Property Details
Full Property Details for 78 Lake Ave
General
- Sold For: $1,200,000
- Taxes: $17,403 (2024)
- Status: Closed
- Type: Duplex
- Source: Monmouth
- MLS ID: 22505136
- Added to Site: 150 day(s) ago
Interior
- Number of Fireplaces: 1
- Flooring: Vinyl Plank, Wood, Ceramic Tile, Other
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: On-Street, None
- Garage Description: None
Location
- Area: Neptune Twp (NPT)
- Municipality: Neptune Twp (NPT)
- County: Monmouth
School Information
- Other School: Red Bank Cath
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: Public Sewer, Public Water
Structural Information
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Roof: Shingle
- Square Feet: 3,425
- Year Built: 1904
Unit Information
Unit 1
- Primary Bedroom: Level 1
- Living Room: Level 1
- Kitchen: Level 1
Unit 2
- Bedrooms: 2
- Bedroom 1: Level 2
- Living Room: Level 2
- Kitchen: Level 2
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049.2
- Lot Dimensions: 44 x 70
- Lot Features: Other, Lake on Lot
- Zoning: Residential
Water Features
- Water Front: Yes
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $350.36
- Tax Amount: $17,403
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Personal Belongings
- Property ID: 35-00110-0000-00001
- Section: Ocean Grove
Listed by Compass New Jersey, LLC, Dawn E Kologi
Sold by Jack Green Realty, Denise Sherman-Pula
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Schools
Schools serving 78 Lake Ave
School District:Neptune Township School District
| Name | Grades | Distance |
|---|---|---|
Neptune High School 55 Neptune Boulevard, Neptune Township, NJ 07753 | 9-12 | 1.5 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 78 Lake Ave
Date
Details
Price
Change
Source
8/21/2025
Sold
$1,200,000
—
MLS
5/24/2025
Price Reduced
$1,200,000
-17.24%
MLS
2/25/2025
Listed
$1,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
78 Lake Avenue, Ocean Grove, NJ 07756 (MLS# 22505136) is a Duplex property that was sold at $1,200,000 on August 21, 2025. Want to learn more about 78 Lake Avenue? Do you have questions about finding other Duplex real estate for sale in Ocean Grove? You can browse all Ocean Grove real estate or contact a Coldwell Banker agent to request more information.

