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

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.
