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700 Ocean Avenue #529, Spring Lake, NJ, 07762

--beds
1baths
--sqft
$499,000
--price/sqft
$3,420/moest. monthly cost
$136,800/yrincome needed

About This Home

Experience the timeless elegance of the iconic Essex & Sussex, where historic charm meets an active, maintenance-free coastal lifestyle. This beautifully appointed 5th floor southfacing studio is the perfect Jersey Shore pied-a-terre, offering abundant natural light and sweeping views of both the Atlantic Ocean and picturesque Spring Lake. Thoughtfully designed with hardwood floors, the residence features a renovated banquette area with built-in storage and a convenient two-drawer refrigerator, maximizing both style and functionality. Step onto your private balcony to enjoy ocean breezes, breathtaking sunrises over the Atlantic, and tranquil lake views, a rare combination that makes every day feel like a getaway. Today's Essex & Sussex appeals to a new generation of active adults seeking an engaging coastal lifestyle with the convenience of lock-and-leave living. More than a residence, it's a welcoming community where neighbors become friends and there's always something to enjoy. Residents enjoy concierge service, valet parking, an elegant dining room, fitness center, library, solarium, billiards room, ping pong room, card and gathering rooms, beautifully appointed common areas, and a commercial bistro kitchen available for those who enjoy preparing an occasional meal. A full calendar of live entertainment, musical performances, guest speakers, and social events creates a vibrant atmosphere unlike any other 55+ community along the Jersey Shore. Just steps from the beach, boardwalk, boutique shopping, restaurants, and charming downtown Spring Lake, Unit 529 offers a rare opportunity to own in one of the Jersey Shore's most iconic oceanfront communities.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

9/10

Construction

Condition

  • Year built: 2002

Materials

  • Construction materials: Synthetic Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Custom
  • Property subType: Adult Community

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Heat Pump

Property

Details

  • Parcel number: 4700043000000001529

Features

  • Stories: 1
  • Exterior features: Balcony
  • On waterfront: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Hurricane
Heat Wave
Ice Storm
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance *$68$816
Property Taxes $636$7,632
Electricity $193$2,318
Total$3,420$41,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$117,257/yr
40% on housing$102,600/yr
45% on housing$91,200/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07762$945
Monmouth County$425

vs Homes Sold Last Month

Median $/sqft

ZIP 07762$1,303
Monmouth County$384

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-31Listed for sale$499,000
2014-10-17Sold$195,000

For Sale by Agent

AgentCindy Napp
BrokerageDiane Turton, Realtors-Spring Lake

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