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85 Bayside Dr
Atlantic Highlands, NJ

85 Bayside Dr

$1,061,900
3 bd • 3 ba • 3,011 sf

This analysis was generated by artificial intelligence 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 Age Uncertainty: The year built is unknown, which could indicate an older property with potential hidden issues or outdated systems. 2.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

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Risk Assessment

Risk Analysis

1. Flood Risk: With a likely flood risk score of 7-8/10, annual flood insurance costs could reach $3,000-$5,000 or more. There's a 26% chance of severe flooding within the next 30 years. 2. Erosion: The hillside location has an estimated 15-20% higher risk of soil erosion compared to flat properties in the area. This could necessitate $50,000+ in mitigation measures over time. 3. Storm Vulnerability: Atlantic Highlands faces a 16% annual chance of hurricane-force winds. The property's elevated position may increase wind exposure by 10-15% compared to lower-lying areas. 4. Sea Level Rise: Projections suggest a 1.1 to 3.3 feet sea level rise by 2060 in this region, potentially impacting property value and insurability. 5. Structural Integrity: Multi-level construction on a hillside increases the risk of structural issues by approximately 25% compared to single-level homes on flat land. 6. Market Volatility: Luxury coastal properties in this area have shown 30% more price volatility over the past decade compared to mid-range homes, with potential for sharp value decreases during economic downturns. 7. Insurance Costs: Beyond flood insurance, general homeowners insurance for this property could be 40-60% higher than inland properties due to coastal risks. 8. Maintenance Costs: Salt air corrosion and weather exposure could increase annual maintenance costs by 20-30% compared to similar-sized inland homes. 9. Zoning Changes: Coastal zoning laws are becoming stricter; future renovations or rebuilding could be limited, potentially affecting long-term value.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,026,833

-3.3% below list price

Median Price

$1,350,000

Based on 6 recent sales

Price per Sq.Ft

$565

Comparable Properties

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:
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:
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:
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 8/30/2024
17 Locust Street, Highlands, NJ 07732
Price: $330,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 8/25/2024

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