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46 Friendship Court, Red Bank, NJ, 07701

2beds
2baths
1,108sqft
$499,000
$450price/sqft
$3,549/moest. monthly cost
$141,960/yrincome needed

About This Home

Welcome to this breathtaking first-floor waterfront condo with private garage with Attic Storage, nestled in the sought-after Shadow Lake Village. Overlooking serene waters, this thoughtfully updated home boasts brand new luxury vinyl flooring and fresh paint throughout. It offers a spacious dining and living area ideal for entertaining, just steps from the kitchen with granite counters and center island. This home offers two bedrooms, a generous owner's suite, and an ensuite bath & direct access to the bright sunroom where you an enjoy waterfront views. The second Bedroom is served by a second full bathroom. Don't miss this opportunity to live in this serene waterfront retreat, including 24/7 guardhouse & new Clubhouse. Enjoy the 2 golf courses, tennis, pickleball, bocci fitness center, billiards, library and swimming pool! The boat house offers dock access for a great day on the water! Conveniently located to Downtown Red Bank and easy access to Jersey Shore and Parkway, NJ Transit & Ferry to NYC!

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

6/10
7/10
Thompson Middle SchoolGrades 6-81.6 mi
7/10

Construction

Condition

  • Year built: 1978

Type & Style

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

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Ceramic Tile

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric,Central Air

Interior Area

  • Total structure area: 1,108
  • Total interior livable area: 1,108 sqft

Property

Details

  • Parcel number: 3201011000000435
  • Attached to another structure: Yes
  • Zoning description: Neighborhood
  • Exclusions: personal property

Features

  • Levels: Lower Level
  • Stories: 1
  • Entry location: Lower Level
  • Pool features: Community,In Ground
  • On waterfront: Yes

Lot

  • Lot size: 871.20 sqft

Parking

  • Total spaces: 1
  • Parking features: Open
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Heat Wave
Lightning
Winter Weather
Cold Wave
Hurricane
Inland Flooding
Ice Storm
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 *$155$1,860
Property Taxes $678$8,136
Electricity $193$2,318
Total$3,549$42,588
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$121,680/yr
40% on housing$106,470/yr
45% on housing$94,640/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

$450This listing

vs Other Active Listings

Avg $/sqft

ZIP 07701$349
Monmouth County$425

vs Homes Sold Last Month

Median $/sqft

ZIP 07701$416
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
2026-07-01Price change$499,000
2026-06-16Price change$559,900
2026-06-05Listed for sale$599,000
2002-09-03Sold$240,000

For Sale by Agent

AgentNancy Coviello
BrokerageRE/MAX Central

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