123 S Lake Drive, Lakewood, NJ 08701 (MLS# 22632151)

123 S Lake Drive, Lakewood, NJ 08701

$1,500,000
Property Type: Residential Bedrooms: 6 Baths: 6.1 Lot Size (sq. ft.): 14,810 Status: Active
Current Price: $1,500,000 List Date: 10/11/2026 Last Modified: 10/21/2026

Description

Rare opportunity on South Lake Drive — a grand Mediterranean-style residence set for a transformative restoration overlooking the lake. Designed at nearly 6,000 square feet of living space across multiple levels, this home was planned as a true estate: a dramatic circular foyer with sweeping staircase, expansive living and dining with curved glass opening to a terrace, chef's kitchen with island and dinette, study, den, oversized playroom, mudroom, and a two-car garage. Upstairs, a primary suite with curved window wall, private balcony, walk-in closet, and spa bath anchors four bedrooms, with two additional bedrooms and baths on the attic level — six bedrooms in all, plus multiple balconies capturing the light and lake setting.

Suppliments: The architectural bones are already here: clay-tile rooflines, arched openings, and a commanding lakeside presence on a ~15,500 sq ft lot. Bring your vision. Whether you finish to the original plans or reimagine the interior, the location, scale, and character are unmatched. Investor, builder, or end-user ready for a signature Lakewood lakefront project. Possible subdivision into a two-family home; reach out for more information.

More Information MLS# 22632151

Contract Info

Status: Active List Date: 2026-10-11 List Price: $1,500,000 Current Price: $1,500,000 Property Sub-Type: Single Family Residence Sub-Type: Detached

Location

House Number: 123 Dir.: S Street Name: Lake Street Suffix: Drive County: Ocean Municipality: Lakewood (LKW) Postal City: Lakewood State: NJ Zip Code: 08701 Area/Section: None Complex/Subdivision: None Middle School: Lakewood Directions: Madison Ave to Central Ave. Right on S lake Drive

General Property Info

Bedrooms: 6 Full Baths: 6 Half Baths: 1 Total Baths: 6.1 Basement: No # Levels: 3 Apx Year Built: 2005 Garage: Yes # Car Garage: 2 Acreage: 0.34 Lot Dimensions: 100 x 147 HOA: No Pool: No Waterfront: Yes Waterview: Yes Farm: No

Tax and Legal

Asmnt - Total: 359600 Farm Assessed: No Deed Restricted: No App Escrow Required: No Special Assessment: No Taxes: 9303 Tax Year: 2025

Property Features

Ownership Type: Fee Simple Style: Mediterranean Basement: Slab Cooling: Other Heating: See Remarks Water Heater: Other - See Remarks Exterior: Balcony; Porch - Open Garage: Attached Zoning: Single Family Management Type: No Management Assessment Status: Assessment - N/A

Supplements

The architectural bones are already here: clay-tile rooflines, arched openings, and a commanding lakeside presence on a ~15,500 sq ft lot. Bring your vision. Whether you finish to the original plans or reimagine the interior, the location, scale, and character are unmatched. Investor, builder, or end-user ready for a signature Lakewood lakefront project. Possible subdivision into a two-family home; reach out for more information.
Listing Office: Toma Real Estate
Listing Agent: Joel Friedman
Last Updated: October - 21 - 2026
123 S Lake Drive, Lakewood, NJ 08701- MLS# 22632151
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.