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3142 Ocean Dr #S, Avalon, NJ, 08202

3beds
3baths
2,065sqft
$2,895,000
$1,402price/sqft
$17,440/moest. monthly cost
$697,600/yrincome needed

About This Home

Exceptional opportunity to purchase this property together with neighboring 3142 Ocean Drive (separately listed), ideal for a private compound or investment portfolio. A rare offering to own 2 separate bayfront townhomes in the heart of Avalon. Your Compound on the bay. Both units are framed by sweeping, unobstructed bay views and sunsets. The outdoor experience is equally exceptional. Private boat slips provide access to the Intracoastal Waterway for the avid boating and fishing enthusiast. An exceedingly rare extended pier stretches over the water, creating a one-of-a-kind setting for crabbing, pier jumping, unforgettable sunset soirées and the wonderful 4th of July firework celebration for years to come. Welcome to your dream Shore home at 3142 Ocean Drive in the picturesque city of Avalon! This stunning Bayfront property is the perfect retreat for families. With 3 bedrooms, 2 full bathrooms, and 1 half bathroom, this spacious home offers ample space for everyone to relax and unwind. The sleeping arrangements include a luxurious California King bed, a comfortable Queen bed, 2 cozy Single beds, and a convenient Queen sofa bed. The property is equipped with modern amenities to make your stay as comfortable as possible. Enjoy the convenience of a fully stocked kitchen with a dishwasher, microwave, toaster, stove, and Keurig coffee maker. Stay cool with central AC during the warmer months and cozy up by the gas log fireplace in the living room during the cooler evenings. Step outside to enjoy the breathtaking waterfront views from one of the three decks, complete with deck furniture for lounging and dining al fresco. Take advantage of the boat slip and dock, perfect for water enthusiasts looking to explore the bay. The location makes it an easy walk to downtown shops and restaurants. Don't miss out on the opportunity to experience waterfront living at its finest in Avalon.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
77
BikeVery Bikeable

Schools

8/10
Avalon Elementary SchoolGrades PK,5-80.1 mi

Construction

Condition

  • Year built: 2004

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Range,Microwave,Refrigerator,Washer,Dryer,Dishwasher,Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • Partial bathrooms: 1

Features

  • Eat-in Kitchen
  • Window features: Drapes,Blinds
  • Flooring: Hardwood,Carpet

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air,Zoned

Interior Area

  • Total interior livable area: 2,065 sqft

Property

Details

  • Zoning: R-2A

Features

  • Levels: Three
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Bay Front

Parking

  • Total spaces: 1
  • Parking features: Garage,1 Car,Attached,Concrete
  • Has garage: Yes
  • Has uncovered spaces: 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

  • Coastal Flooding
    Coastal FloodingVery High
  • Inland Flooding
    Inland FloodingVery High
  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Strong Wind
Hurricane
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 $14,638$175,656
Home Insurance *$332$3,984
Property Taxes $2,243$26,916
Electricity $227$2,731
Total$17,440$209,280
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$597,942/yr
40% on housing$523,200/yr
45% on housing$465,066/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: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,402This listing

vs Other Active Listings

Avg $/sqft

ZIP 08202$1,459
Cape May County$612

vs Homes Sold Last Month

Median $/sqft

ZIP 08202$1,478
Cape May County$460

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
2026-04-08Listed for sale$2,895,000

For Sale by Agent

AgentSteven J Tozour
BrokerageTim Kerr Sotheby's International Realty

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