Rare 1-Acre Lakefront Estate on Centennial Lake – FSBO, As-Is
A rare opportunity to own one of the few remaining true lakefront properties on Centennial Lake. This 3-bedroom, 3-bath home sits on a full 1-acre lot with sweeping water views and private shoreline access. Built in 1957, the interior remains fully original—offering an exceptional foundation for renovation, expansion, or rebuilding in one of Medford’s most desirable lake communities.
A certified professional appraisal valued the property at $790,000 prior to recent improvements, including new exterior doors, new kitchen/laundry flooring, updated plumbing connections, new toilets, and additional general repairs. Lakefront properties in this neighborhood are increasingly scarce, and the land value alone makes this an exceptional long-term investment.
Property Highlights
Lakefront property with private shoreline
1.0 acre wooded lot in Centennial Lake community
3 Bedrooms / 3 Bathrooms
Approx. 2,300 sq ft above grade
Approx. 1,500 sq ft unfinished walk-out basement
Original 1957 interior (kitchen, baths, flooring, systems)
Recent updates: new exterior doors, new flooring, updated plumbing
Estate sale — home sold strictly As Is
For Sale By Owner
Price Justification
Priced at $875,000 based on a certified $790,000 appraisal conducted before improvements, the extreme scarcity of Centennial Lakefront homes, and recent neighborhood comparable sales:
14 E Centennial sold $805k not lakefront
40 E Centennial listed $1.29M not lakefront
21 E Centennial (renovated) sold $2.995M
Serious inquiries only.
We’re reviewing interest THIS WEEK ONLY before signing a contract 12/15/25.
Private showings available by appointment.
For sale by owner
$875,000
33 E Centennial Dr, Medford, NJ 08055
3beds
2,300sqft
Est.:
SingleFamily
Built in 1957
1 Acres Lot
$-- Zestimate®
$380/sqft
$50/mo HOA
What's special
New toiletsUpdated plumbing connectionsSweeping water viewsPrivate shoreline accessNew exterior doors
What the owner loves about this home
About Centennial Lake
Residents enjoy a peaceful, private lake ideal for swimming, boating, kayaking, fishing, and nature watching. The community offers a rare combination of privacy and convenience—minutes from downtown Medford, shops, restaurants, and parks.
A One-of-a-Kind Opportunity
This is the only lakefront property currently available for sale on Centennial Lake. With its prime position, acreage, and renovation potential, this home represents a unique opportunity for buyers seeking a signature lakefront setting in Medford.
- 2 days |
- 814 |
- 29 |
Listed by:
Property Owner (917) 612-5672
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Gas
Cooling
- None
Features
- Flooring: Hardwood
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,300 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
Features
- Exterior features: Wood, Brick
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 1 Acres
Details
- Parcel number: 2006205000000005
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1957
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $50 monthly
Location
- Region: Medford
Financial & listing details
- Price per square foot: $380/sqft
- Tax assessed value: $444,900
- Annual tax amount: $15,790
- Date on market: 12/7/2025
Estimated market value
Not available
Estimated sales range
Not available
$3,723/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2025 | Listed for sale | $875,000-1.7%$380/sqft |
Source: Owner Report a problem | ||
| 9/25/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/3/2025 | Listed for sale | $890,000$387/sqft |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,790 +7% | $444,900 |
| 2024 | $14,762 | $444,900 |
| 2023 | -- | $444,900 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,124/mo
Principal & interest
$4259
Property taxes
$1509
Other costs
$356
Climate risks
Neighborhood: 08055
Nearby schools
GreatSchools rating
- NANokomis Elementary SchoolGrades: PK-2Distance: 0.3 mi
- 8/10Neeta SchoolGrades: 3-8Distance: 0.8 mi
- 7/10Shawnee High SchoolGrades: 9-12Distance: 1.8 mi
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