TOMS RIVER, NJ – The average price for land per acre in Toms River these days is between $350,00 to $400,00, but there’s one small postage stamp .27 acre lot in the town that will cost you $12,000,000 per acre.
No, that’s not a typo. It’s not a mistake. It’s real. That price, of course, includes the home that you would build on the now vacant land.
According to the Monmouth-Ocean MLS, a tiny lot on Bayshore Drive is on the market for a whopping $3,199,000. That’s roughly $12 million per acre if you look at it from a different perspective. Well, in a very simplified and unrealistic way.
You can build a new home 5,000-square-foot home featuring six bedrooms, four bathrooms and your very own pier.
The lot sits on the Barnegat Bay and offers an exceptional view.
“Beautiful home to be built on the coveted Barnegat Bay with a finger pier. Currently, the property is in the design phase. Now is a great opportunity to customize your Jersey Shore home. Home to be built by a renowned Toms River Bayfront builder. Oversized lot with extensive unobstructed views of the Barnegat Bay and the Barrier Island from your own private pier. Photos and plans are of a home already built by the builder,” according to the MLS.
The property was bought in September for $700,000.