A Bayfront Masterpiece With Dock Frontage in New Jersey Lists for $12,995,000
Few coastal listings capture the momentum of today’s luxury market quite like 55 Walnut Rd, a waterfront estate that has quickly become one of the most closely watched properties in Ocean City Real Estate. Positioned along a quiet residential stretch with direct water access, the home is currently offered at $12.995 million, placing it among the most valuable private residences ever publicly listed in the area.
The return of 55 Walnut Rd to the market underscores the rapid evolution of New Jersey Real Estate, where limited inventory and sustained demand from affluent second-home buyers continue to push pricing into new territory. According to the listing agent, “Ocean City has transitioned from a seasonal destination into a serious luxury market, and properties like this are redefining buyer expectations.”
Waterfront Living Defined by Rarity and Vision
What distinguishes 55 Walnut Rd is not only its location but also the vision behind its transformation. Acquired in April 2024 for $4.28 million, the property has since undergone significant enhancements aimed at elevating it into a full-scale waterfront retreat. While specific interior details remain selectively disclosed, the scale of appreciation reflects extensive investment and careful planning.
“The current owner is a successful entrepreneur who approached this home as a long-term lifestyle asset,” the agent told Luxury Houses Magazine. “Every improvement was made with permanence and quality in mind, not short-term resale.” The owner’s identity, the agent added, remains private, a common practice among high-net-worth sellers in this segment of Ocean City Real Estate.
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A Transaction History That Mirrors Market Growth
Public records tell a compelling story of value creation. Originally sold in 2013 for $1.345 million, 55 Walnut Rd changed hands again in 2024 before re-entering the market at nearly $15 million in late 2025. A subsequent price adjustment has positioned the property just under $13 million, aligning closely with Zillow’s current Zestimate® of approximately $12.07 million.
Such appreciation is emblematic of broader trends across New Jersey Real Estate, particularly in waterfront communities where buildable land is scarce and zoning restrictions limit future supply. “We’re seeing buyers who are less price-sensitive and more focused on securing irreplaceable locations,” the agent explained to Luxury Houses. “This is especially true for properties with direct water frontage.”
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Ocean City’s Elevated Coastal Lifestyle
Beyond the home itself, Ocean City continues to strengthen its reputation as a refined yet approachable coastal enclave. Known for its pristine beaches, iconic boardwalk, and vibrant dining scene, the town offers a balance that appeals to both families and sophisticated investors. Residents enjoy proximity to marinas, boutique shopping, and acclaimed restaurants, while Atlantic City International Airport provides convenient regional connectivity.
For buyers evaluating New Jersey Real Estate through a lifestyle lens, Ocean City stands apart. “Clients are drawn here because it feels authentic,” the agent noted in a third comment to Luxury Houses Magazine. “It’s polished without being pretentious, and that’s a rare combination along the East Coast.”
A Statement Property for a New Era of Buyers
As one of the most prominent listings currently available, 55 Walnut Rd represents more than a single transaction—it reflects a broader recalibration of value within Ocean City Real Estate. The home’s pricing, history, and positioning suggest it will appeal to buyers seeking not only a waterfront residence but also a long-term hold in a resilient coastal market.
With its dramatic appreciation curve and enduring appeal, 55 Walnut Rd stands as a clear example of how luxury buyers are reshaping New Jersey Real Estate, favoring quality, privacy, and legacy over short-term trends.
Additional listing information, including pricing context and brokerage representation, is available through the property’s Zillow listing and the agent’s official website.
* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*
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