Tallwood Way, Bayville, NJ 08721 - NJ Shore Real Estaate

$1,650,000

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… Read More 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. Read Less

Courtesy of Michael Mabie, Keller Williams Preferred Properties,Bayville, .

Listing Snapshot

Days Online

Last Updated

Jul 9, 2026

Property Type

Residential Land

Lot Size

4.45 Acres

MLS Number

22620699

30 Days Snapshot Of 08721

$608k

+9%

(avg) sold price

-6%

homes sold

-3%

(avg) days on market

Snapshot

Area Map

Additional Details

Lot

4.45 acres, 193,842 square feet, Area: 4.45, "Irregular Lot", "Level", "Wooded", "Multi-Lot Subdivision", "Possible Subdivision"

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

Tallwood Way

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Sitemap

Get in touch