THE MOST EXCLUSIVE PROPERTY ON THE TOMS RIVER—4.23 Acres of Waterfront Luxury—Private, Peaceful, & One-of-a-Kind. This is a truly extraordinary offering—this once-in-a-lifetime, 4.23-acre riverfront estate is nestled in the coveted enclave of Cocktail Cove, presenting an unparalleled opportunity for multi-generational living, private retreat, or premium development. From the moment you arrive, you're surrounded by mature trees, panoramic water views, and a profound sense of peace & privacy rarely found in Ocean County. Whether you're sipping morning coffee on the deck or launching a boat into the calm waters of the cove, this is a lifestyle defined by space, serenity, and timeless waterfront luxury. Spanning two separate parcels—99 Holly Lane and 227 Chelsea Avenue, the estate..... ...the estate includes five buildings in total, including a main residence, guest house, historic barn, and two income-producing rental homes. Main Residence - 99 Holly Lane Positioned along the tranquil waters of Cocktail Cove, the gracious 4-bedroom main home is a showcase of comfort and sophistication. A paver driveway and elegant double-door entry welcome you into a dramatic two-story foyer with a sweeping circular staircase. The expansive living and dining space features soaring beamed ceilings, skylights, a gas fireplace, and a full wall of windows framing breathtaking river views. The gourmet kitchen is fully equipped with premium appliances, an oversized island with built-in freezer, and generous cabinetry, opening into a sunny glass-ceilinged sunroom. A study/den with custom built-ins offers a refined workspace, while the first-floor primary suite serves as a private sanctuaryfeaturing dual full bathrooms connected by a luxurious shared shower room, multiple closets, and a dedicated spa with hot tub and tranquil views of nature. A powder room, spacious laundry room, and thoughtful layout complete the main level. Upstairs, three generously sized bedrooms share two full bathrooms with a connected shower room, plus direct attic access. Every element of this home is designed with flow, function, and stunning water views in mind. Unrivaled Outdoor Living Tucked away from view and surrounded by lush landscaping, the outdoor living space is nothing short of spectacularoffering a level of privacy and luxury rarely found in a residential setting. Step outside to a multi-level deck system that invites both grand-scale entertaining and peaceful solitude, all while showcasing breathtaking, panoramic views of the Toms River. The custom outdoor kitchen is fully outfitted with a built-in grill, sink, and refrigeratorperfect for al fresco dining and seamless summer gatherings. The heated in-ground pool, resurfaced in 2024, features an elegant infinity edge that draws your eyes toward the water and enhances the feeling of complete escape. Surrounded by immaculate lawns and thoughtfully planted foliage, the setting feels like a private waterfront retreat. For the boating enthusiast, the property boasts 160 feet of bulkheading, a dock with electric, jet-ski lift, and a boat lift (installed 2009), with pilings recently replaced in 2025providing everything needed for effortless access to the water. This is outdoor living at its finestpeaceful, private, and purpose-built for those who appreciate the beauty of the river and the luxury of space. Guest House + Historic Barn Just steps away, the one-bedroom guest house is a private, self-contained retreat with a spacious living area, kitchenette, and bath with shower. A wall of glass doors opens to a spacious deck overlooking serene natural surroundings, offering a quiet haven for guests or extended family. Also on the property is a charming two-story historic barn, ideal for use as a workshop, artist's studio, or future repurposing. 227 Chelsea Avenue - Flexible Income or Expansion The adjoining parcel at 227 Chelsea Avenue features two charming 2-bedroom, 1-bath single-family homes, each leased to long-term, reliable tenants on a month-to-month basis. These homes provide immediate rental income with the flexibility to maintain as investment properties, convert to guest cottages, or integrate into a larger compound plan. Their long-standing occupancy reflects the desirability of this peaceful location. A Legacy Property Like No Other Sold together as one rare offering, these two properties combine into a 4.23-acre waterfront compound that is unmatched in scale, setting, and opportunity. Whether you envision a luxury family estate, an expanded private retreat, or a development opportunity, this property offers endless potential. Also included is a Riparian Lease, providing valuable rights to the waterfront and further enhancing this estate's exceptional value. With its unrivaled privacy, rare waterfront position, and combination of natural beauty and thoughtful design, this is more than a homeit is a once-in-a-lifetime legacy. Private. Peaceful. Irreplaceable.