Score
0Atlantic Highlands, NJ
85 Bayside Dr
1.1M
3 beds
3 baths
3,011 sqft
3 bd • 3 ba • 3,011 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,061,900
Price/Sq.Ft
$353
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 85 Bayside Dr, Atlantic Highlands, NJ offers several compelling advantages:
1. Location: Situated on Bayside Drive, the property likely offers excellent water views and proximity to the Raritan Bay, a significant selling point for coastal living enthusiasts.
2. Size: At 3,011 square feet, this home is spacious, offering ample living space. It's approximately 50% larger than the average home size in the area, which is typically around 2,000 square feet.
3. Price per Square Foot: At $352.67/sqft, it's competitively priced compared to the average in Atlantic Highlands, which can range from $350-$450/sqft for similar properties.
4. Bedrooms and Bathrooms: With 3 bedrooms and 3 bathrooms, the property offers a balanced layout suitable for families or those needing extra space for a home office.
5. Potential Rental Income: Based on local market data, a 3-bedroom home could potentially rent for $2,193/month, offering investment potential.
6. Unique Architecture: The pink stucco exterior and arched windows give the property a distinctive Mediterranean-inspired look, setting it apart from typical New Jersey shore homes.
7. Outdoor Space: The property features multiple decks and a spacious yard, enhancing its appeal for outdoor entertaining and relaxation.
8. Covered Parking: The image shows a covered parking area, a valuable feature for protecting vehicles from coastal weather conditions.
9. Privacy: The home appears to be surrounded by mature trees, offering natural privacy and potentially reducing noise from neighboring properties.
The Bad
1. Age Uncertainty: The year built is unknown, which could indicate an older property with potential hidden issues or outdated systems.
2. Limited Property Information: The lack of detailed features and room descriptions makes it challenging to fully assess the property's condition and amenities.
3. High Price Point: At $1,061,900, this property is significantly above the median home value in Atlantic Highlands (typically around $500,000-$600,000), which may limit the pool of potential buyers.
4. Potential Maintenance Costs: The exterior paint and decking may require regular upkeep due to exposure to salt air and coastal weather conditions.
5. Steep Lot: The property appears to be built on a steep hillside, which could present challenges for landscaping and outdoor use.
6. Limited Garage Space: While there is covered parking, it doesn't appear to be an enclosed garage, which some buyers might prefer for additional security and storage.
7. Potential View Obstructions: The dense tree coverage, while providing privacy, may also obstruct potential water views from some areas of the house.
8. Possible Zoning Restrictions: Given its unique design and hillside location, there may be limitations on future expansions or modifications due to local zoning laws.
9. Higher Property Taxes: With a price tag over $1 million, property taxes in this area could be substantial, potentially exceeding $15,000-$20,000 annually.
The Ugly
1. Flood Risk: Given its proximity to Raritan Bay, the property likely has a high flood risk score (potentially 7-8/10). Annual flood insurance could cost $3,000-$5,000 or more, significantly increasing ownership costs.
2. Erosion Concerns: The steep hillside location may be susceptible to erosion, potentially requiring expensive retaining walls or other mitigation measures (costs could exceed $50,000 if major work is needed).
3. Foundation Issues: Built on a hillside, there's an increased risk of foundation problems. If issues are present, repairs could easily exceed $100,000.
4. Outdated Systems: If the home is older (pre-1990s), major systems like electrical, plumbing, and HVAC may need complete overhauls. Total costs could reach $50,000-$75,000.
5. Environmental Hazards: Older homes in coastal areas may contain lead paint or asbestos. Remediation costs could range from $10,000-$30,000.
6. Structural Integrity: The multi-level decks and balconies require careful inspection. If structural issues are found, repairs or replacement could cost $20,000-$40,000.
7. Moisture and Mold: Coastal properties are prone to moisture issues. If significant mold is present, remediation could cost $10,000-$25,000.
8. Sea Level Rise: Long-term sea level rise projections could impact property value and insurability. By 2050, properties in this area could see a 5-10% decrease in value due to increased flooding risks.
9. Limited Resale Market: The unique design and high price point may limit future resale opportunities, potentially leading to longer market times and reduced appreciation compared to more conventional properties.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for:
1. High-income professionals or retirees with annual household incomes exceeding $300,000, based on a standard debt-to-income ratio of 28% for housing expenses.
2. Buyers seeking a unique, luxury coastal property with distinctive architectural features.
3. Those who prioritize privacy and a secluded setting while still wanting proximity to coastal amenities.
4. Families or individuals who need ample space (3,000+ sqft) and enjoy multi-level living.
5. Home office workers or telecommuters who can take advantage of the extra rooms and coastal setting.
6. Buyers with a higher risk tolerance who are prepared for the potential challenges of coastal property ownership.
7. Those who appreciate outdoor living, with multiple decks and yard space for entertaining.
8. Individuals who value a potential NYC commute via the nearby Seastreak ferry (about 1 mile away).
9. Buyers looking for a potential high-end rental property, capitalizing on summer tourism in the area.
Not For
This property is not suitable for:
1. First-time homebuyers or those with limited budgets, given the high purchase price and potential maintenance costs.
2. Individuals seeking a low-maintenance property, as the hillside location and coastal environment require ongoing upkeep.
3. Buyers with mobility issues, due to the multi-level design and steep lot.
4. Those highly risk-averse to natural disasters or climate change impacts, given the coastal location and associated risks.
5. Investors looking for a high-yield rental property, as the high purchase price may limit rental returns.
6. Buyers seeking a more traditional or modern architectural style.
7. Those who prefer a walkable, urban environment, as the property's location likely requires car dependency for most activities.
8. Families needing more than three bedrooms or requiring flat outdoor play areas for children.
9. Individuals uncomfortable with potentially high insurance costs and property taxes associated with luxury coastal properties.
Demographics
Area Median Income
$102,227
Property History
Price History
Ownership Timeline
$700,000Financed
Oct 24, 2020Anne Marie KaiserCharles D Baker
Deed
Standard Sale (Purchase/Resales)
$592,500Cash Purchase
Feb 15, 2008Lewis CarranAnthony J Kaiser Dr, Anne Marie Kaiser
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$226,000Cash Purchase
May 28, 2003Bank Of New YorkChagrin Falls Llc
Deed
Non-Residential Arm's Length Transactions
$528,000Financed
Oct 22, 1999Michael AntuonoMichael Mccallister
Deed
Standard Sale (Purchase/Resales)
$430,000Financed
Aug 12, 1998210 Shrewsbury Ave IncMichael Antuono
Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,146
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,061,900
Price/sqft
$353
Layout
3 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,026,833
3.4%
Your price is 3.4% above average
Median Price
$1,350,000
21.3%
Based on 6 recent sales
Price per Sq.Ft
$565
37.6%
Your price is 37.6% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 6 Lighthouse Pt Road #701, Highlands, NJ 07732 | $1,552,000 | 2,424 | 3 | 3 | $64081.5% | 7/30/2024 |
| 4 Halfmoon Court #904, Highlands, NJ 07732 | $1,350,000 | 2,758 | 3 | 4 | $48938.8% | 9/12/2024 |
| 335 Ocean Boulevard, Atlantic Highlands, NJ 07716 | $1,400,000 | N/A | 4 | 3 | N/A | 8/28/2024 |
| 41 Gravelly Point Road, Highlands, NJ 07732 | $779,000 | N/A | 3 | 2 | N/A | 9/17/2024 |
| 215 Lakeside Drive, Atlantic Highlands, NJ 07716 | $750,000 | N/A | 3 | 2 | N/A | 8/30/2024 |
| 17 Locust Street, Highlands, NJ 07732 | $330,000 | N/A | N/A | N/A | N/A | 8/25/2024 |
6 Lighthouse Pt Road #701, Highlands, NJ 07732
Price: $1,552,000
Sq.Ft: 2,424
Beds/Baths: 3/3
$/Sq.Ft:
$64081.5%
Sale Date: 7/30/2024
4 Halfmoon Court #904, Highlands, NJ 07732
Price: $1,350,000
Sq.Ft: 2,758
Beds/Baths: 3/4
$/Sq.Ft:
$48938.8%
Sale Date: 9/12/2024
335 Ocean Boulevard, Atlantic Highlands, NJ 07716
Price: $1,400,000
Sq.Ft: N/A
Beds/Baths: 4/3
$/Sq.Ft: N/A
Sale Date: 8/28/2024
41 Gravelly Point Road, Highlands, NJ 07732
Price: $779,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 9/17/2024
215 Lakeside Drive, Atlantic Highlands, NJ 07716
Price: $750,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 8/30/2024
17 Locust Street, Highlands, NJ 07732
Price: $330,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 8/25/2024
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