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Tallwood Way

Bayville, NJ 08721
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Acres4.45

Acres(Lot)

Bypass years of costly municipal engineering, environmental review, and unpredictable zoning boards. This expansive 4.452-acre parcel (Block 1409, Lot 3.06) sits strategically within Bayville's HB (Highway Business) and R-100 (Residential) zones. The site has secured complete, final approvals for a 24-unit apartment building, eliminating all entitlement risk. Development logistics are heavily optimized as all major utilities are already available at the street, saving significant off-site connection costs and acceleration delays. The approved project features a diverse, highly marketable unit mix designed to capture maximum local demand. To elevate tenant retention and drive premium rental rates, the site layout explicitly features a dedicated Resident Storage Area and a private Recreati Area. Offered at $1,650,000, this is a premier asset for a developer looking to deploy capital and break ground immediately in a strong Ocean County rental market. Approved Project & Unit Mix " Total Density: 24 Residential Units " Approved Unit Breakdown: o 12 Two-Bedroom Units (Premium units for small families, downsizers, or roommates) o 9 One-Bedroom Units (High-demand layout for young professionals and couples) o 3 Studio Units (Efficient, entry-level layouts maximizing per-square-foot revenue) " Resident Storage Area: Approved on-site storage infrastructure to generate additional monthly ancillary income. " Recreation Area: Approved community amenity space to satisfy local planning standards and elevate property lifestyle appeal. Strategic Location & Infrastructure Advantages " Utilities at Street: All necessary public utilities are ready at the curb for immediate connection. " HB & R-100 Zoning: Uniquely positioned across the Highway Business and Residential zones, bridging commercial convenience with neighborhood appeal. " Transit Access: Located minutes from the Garden State Parkway, offering seamless northbound and southbound travel for regional commuters. " Business District Proximity: Steps from the heart of the Bayville Business District along the Route 9 commercial corridor, giving residents immediate access to retail shopping, major grocery stores, and local dining. " Generous 4.452-Acre Footprint: Provides ample space for efficient construction staging, generous parking ratios, required stormwater management, and buffered landscaping. Investment Highlights " Zero Entitlement Risk: Rare opportunity to purchase pre-approved land of this scale in South Jersey. Save hundreds of thousands in carrying costs and engineering fees. " High-Performance Submarket: Capitalize on Ocean County's low vacancy rates and strong, upward rental pressure.

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Detail Ic Property Details

Property Type : Land

Price : $1,650,000

AD Id : 87793864

MLS Id : 22620699

Lot Size : 4.45 Acres(Lot)

County : Ocean

Subdivision: Berkeley Twp

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Feature Features

  • Lot Information

    Main Square Feet: 4.45 Acres Lot Size Acres: 4.45 Lot Size Square Feet: 193842 Lot Description: Irregular Lot, Level, Wooded

    Property Information

    Subdivision: Berkeley Twp Source Property Type: Land MLS Area Minor: Berkeley (BER) Zoning Description: Residential, Multi-Family, General Highway

  • Listing Price Information

    Listing Price: $1650000

  • Tax Information

    Parcel Number: 00-00000-0000-00001 Tax Lot: 3.06 Tax Block: 1409

  • School Information

    Elementary School:
    Junior High School: Central Reg Middle
    Senior High School:
  • Utility Information

    Electricity Available, Natural Gas Available, Water Available, Sewer Available
  • Location Information

    Direction: Route 9 South from Toms River. Left on Butler Blvd, then quick right onto Tallwood Way. Property is on the left side, about 100 yards from Butler Blvd.
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.

ByOwner last updated this listing 07/13/2026 @ 03:08

MLS: 22620699 LISTED BY: Michael Mabie, Keller Williams Preferred Properties,Bayville 732-269-5200 SOURCE: Monmouth Ocean Regional Multiple Listing Service

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