Welcome to your dream investment opportunity on the serene shores of Wesley Lake in Ocean Grove! This stunning move-in ready multi-family home boasts 5 spacious bedrooms and 4 full baths, offering a perfect blend of modern luxury and coastal charm. Imagine waking up to breathtaking views of Asbury Park, with its vibrant arts scene and dynamic energy, right from your doorstep.
The first floor home offers an expansive lake front living area, formal dining area, spacious kitchen, large master bedroom, full bath, bonus room, and both enclosed and open porches, where you can savor your morning coffee while soaking in the picturesque lake views.
The second floor apartment with private entrance boasts an impressive large gathering room, a dining room perfect for hosting, an efficient kitchen, and two full bathrooms for ultimate convenience and comfort, along with a versatile bonus room that can be tailored to your needs, whether it be a home office or guest room. The wrap-around covered porch is a true highlight, providing a serene outdoor space for dining al fresco, morning coffees, or simply unwinding while enjoying the fresh air.
The third-floor studio is a private sanctuary, featuring a full bath and two additional rooms. The wet bar dining area adds a touch of luxury, making it ideal for those seeking a home office or additional space for guests.
This exceptional property is not only a home but a gateway to an unparalleled lifestyle. Enjoy the best of Ocean Grove's quaint charm with its historic architecture and vibrant community events. Stroll to Asbury Park and experience a thriving music scene, eclectic dining options, and boutique shopping. The famed Asbury Park Boardwalk, complete with its iconic carousel and splash park, offers endless entertainment.
Whether you're seeking a lucrative rental investment or a spacious home with potential for multi-generational living, this property offers it all. Don't miss your chance to own a piece of paradise in one of New Jersey's most sought-after locations. Schedule your private tour today and discover the unmatched allure of Ocean Grove lakefront living!
Pending
Price cut: $250K (5/24)
$1,200,000
78 Lake Avenue, Ocean Grove, NJ 07756
5beds
3,425sqft
Est.:
Single Family Residence
Built in 1904
3,049.2 Square Feet Lot
$1,141,900 Zestimate®
$350/sqft
$-- HOA
What's special
Spacious kitchenVersatile bonus roomWrap-around covered porchFormal dining areaLarge master bedroomEfficient kitchenImpressive large gathering room
- 78 days
- on Zillow |
- 514 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 02:35pm
Listed by:
Dawn E Kologi 908-419-5995,
Compass New Jersey, LLC
Source: MOMLS,MLS#: 22505134

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Bonus Room
Heating
- Natural Gas
Cooling
- Central Air
Features
- Balcony, Recessed Lighting
- Flooring: Ceramic Tile, Laminate, Wood, Slate
- Basement: Partial,Workshop/ Workbench
- Number of fireplaces: 1
Interior area
- Total structure area: 3,425
- Total interior livable area: 3,425 sqft
Property
Parking
- Parking features: On Street, None
Features
- Stories: 3
- Fencing: Fenced Area
Lot
- Size: 3,049.2 Square Feet
- Dimensions: 44 x 70
Details
- Parcel number: 3500110000000001
- On leased land: Yes
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Shore Colonial
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Ocean Grove
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $1,012,400
- Annual tax amount: $17,403
- Date on market: 7/2/2025
- Inclusions: Washer, Ceiling Fan(s), Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Stove Hood, Refrigerator, Gas Cooking
- Exclusions: Personal Belongings
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