Malkie Karmel REALTOR®

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

123 S Lake Drive, Lakewood, NJ 08701

$1,500,000

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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

Overview

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.

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 p … (Read more)

Listing Details MLS# 22632151

Contract Info

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

Full Baths: 6
Half Baths: Yes
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

More Information

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 Roof: Other Zoning: Single Family Water Type: Lake Front Management Type: No Management Assessment Status: Assessment – N/A

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.

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