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5 Cove Point Road, Toms River, NJ, 08753

5beds
4baths
3,227sqft
$2,100,000
$651price/sqft
$14,341/moest. monthly cost
$573,640/yrincome needed

About This Home

TBB Check out this luxurious waterfront new construction with 5 bedrooms and 4 bathrooms! There is an expansive open living space on the first level due to less pilings. Enjoy breathtaking north-facing views of the Barnegat Bay in the tranquil and protected Shelter Cove, tucked away on a quiet dead-end street. This home is located just steps from Shelter Cove Park, offering a bay beach, tennis and pickleball courts, basketball courts, soccer and baseball fields, and a children's playground. You'll also be close to Cattus Island County Park, as well as ocean beaches and boardwalks. Come experience stunning sunrises and sunsets right from your own home! Building is expected completion is in 2026.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

4/10
6/10

Construction

Materials

  • Foundation: Pillar/Post/Pier

Type & Style

  • Home type: SingleFamily
  • Architectural style: Custom
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Elevator
  • Attic: Attic

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,227
  • Total interior livable area: 3,227 sqft

Property

Details

  • Parcel number: 0

Features

  • Stories: 3
  • On waterfront: Yes
  • Waterfront features: Bayfront,Bulkhead

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Strong Wind
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire

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 $10,618$127,416
Home Insurance *$884$10,608
Property Taxes $2,484$29,808
Electricity $355$4,268
Total$14,341$172,092
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$491,691/yr
40% on housing$430,230/yr
45% on housing$382,426/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: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$651This listing

vs Other Active Listings

Avg $/sqft

ZIP 08753$319
Ocean County$353

vs Homes Sold Last Month

Median $/sqft

ZIP 08753$312
Ocean County$302

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
2026-05-06Price change$2,100,000
2025-11-16Listed for sale$1,800,000

For Sale by Agent

AgentAnita DiFlumeri
BrokerageRE/MAX Revolution

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