If you have been watching Oceanport, you have probably noticed that redevelopment is no longer just a future talking point. It is already changing how people think about the borough, from daily access and new amenities to the kinds of homes and locations buyers may value most. If you want to understand what these projects could mean for your next move, this guide will walk you through the facts and what they may signal for Oceanport real estate. Let’s dive in.
Why redevelopment matters in Oceanport
The biggest force shaping Oceanport right now is the ongoing transformation of the former Fort Monmouth site. According to FMERA, the base closed in 2011 and is being redeveloped across Oceanport, Eatontown, and Tinton Falls into a mixed-use area with town centers, trails, retail, entertainment, and recreation.
This is important because it shifts Oceanport from being viewed mainly as a quiet, shore-adjacent borough to a town connected to a much broader long-term investment story. In FMERA's May 2025 board materials, about 86 percent of the Fort's 1,126 acres were already sold, under contract, in negotiations, or entering the RFP process, which shows the redevelopment is well underway rather than speculative.
Fort Monmouth is already taking shape
On the Oceanport side, progress is visible in several forms. FMERA reports new homes at Parkers Creek and continued work on Allison Hall, now planned as Riverwalk Center, with restaurants, recreation, fitness, a brewery, a boutique hotel, and other tenants.
That mix matters because real estate value is often influenced by what exists around a home, not just the home itself. As Oceanport adds more everyday destinations and mixed-use activity, some buyers may see the borough as offering a different lifestyle than it did a few years ago.
Netflix adds a major new chapter
The highest-profile project is Netflix's studio campus at Fort Monmouth. The Governor's Office announced that Netflix broke ground in May 2025 on a $1 billion, 292-acre campus with 12 soundstages totaling nearly 500,000 square feet and an expected 2028 opening.
That kind of investment tends to bring attention, jobs, and follow-on business activity. Oceanport's mayor also said in Spring 2026 that construction was moving quickly, the shell of the first sound stage was complete, and Phase 1 of the Oceanport parcel was anticipated for summer 2027.
For buyers and sellers, the key takeaway is simple: redevelopment in Oceanport is active and visible. This is not a case of a town waiting on ideas that may or may not happen.
Where change may show up first
Not every part of Oceanport will feel redevelopment in the same way or on the same timeline. The areas most likely to see the clearest change are the Oceanport-side Fort Monmouth blocks around Avenue of Memories, Sherrill Avenue, Brewer Avenue, and Malterer Avenue.
A 2024 engineering review tied to Netflix Phase 1A describes plans on the Oceanport parcel for sound stages, a mill building, a warehouse, renovated buildings, parking, and new access drives. Over time, that points to meaningful changes in land use, circulation, and the feel of this edge of town.
A second area to watch is the Port Au Peck Avenue and Oceanport Avenue corridor. This area is part of the local redevelopment conversation, and it is also seeing public improvements that can shape how residents experience access and traffic.
Roads, sidewalks, and utilities matter too
Large redevelopment projects get the headlines, but infrastructure often has the most immediate effect on daily life. NJDOT's Route 35/36 project was designed to improve access to the Fort Monmouth area through the broader corridor, which matters because commuter traffic, redevelopment traffic, and shore travel are all connected.
Within Oceanport, the borough's engineering department lists 2024 road improvements, including a Port Au Peck Avenue sidewalk project from the NJ Transit railroad to the Mazza property. The mayor also said speed limits were reduced on parts of Port Au Peck Avenue, while utility work from New Jersey American Water and New Jersey Natural Gas has been active in Blackberry Bay Park, Burnt Mill Circle, and Elizabeth Drive.
Paving is also expected to cover more than four miles of roadway. For homeowners, this kind of work can mean temporary inconvenience in the short term, but it can also improve safety, access, and the overall feel of a neighborhood over time.
What the housing market says now
Oceanport's housing market was already tight before many of these redevelopment benefits fully arrived. Zillow reports the average Oceanport home value at $910,435, up 4.0 percent year over year, with 11 homes for sale as of March 31, 2026.
The exact numbers can vary across platforms because they measure different things, but the broader pattern is consistent. Inventory is limited, competition remains real, and buyers are still dealing with a market where choice can be constrained.
That is an important point because redevelopment does not automatically create an immediate price spike across every block and every property type. A more balanced view is that these projects may support long-term value resilience, while the near-term effects are likely to vary based on location, access, property type, and proximity to construction.
How redevelopment can affect home values
The most likely early winners are homes that benefit from better access, proximity to new amenities, or connection to future employment activity around Fort Monmouth. Buyers often respond positively when a location offers more convenience, more destinations, and a stronger sense of long-term momentum.
At the same time, homes closest to active construction zones or heavy road work may experience some short-term friction before any longer-term upside becomes clear. Traffic patterns, parking pressure, noise, and shifting streetscapes can influence how a specific block feels in the middle of a transition.
That is why Oceanport should not be viewed as one uniform redevelopment story. In a smaller market with thin inventory, local outcomes can vary a lot from one pocket to the next.
Redevelopment is changing the supply mix
Another important shift is the type of real estate being introduced. FMERA's current activity in Oceanport includes residential reuse, mixed-use amenities, and preservation-focused projects rather than a single-use office park approach.
That can broaden buyer appeal because it creates more reasons for people to consider Oceanport. New amenities, hospitality uses, recreation, and adaptive reuse can make the area feel more dynamic, while also changing how buyers compare Oceanport with nearby Monmouth County towns.
Oceanport is trying to balance growth and character
Growth is only one part of the story. There is also a clear effort to preserve open space, historic features, and local identity.
FMERA's redevelopment vision keeps open space, trails, and historic reuse central to the Fort's future. Oceanport's mayor has also said the borough wants to preserve Monmouth Park as a park and maintain its character, which suggests that the goal is to reshape the area thoughtfully rather than erase what makes it recognizable.
That balance matters if you are deciding whether to buy or sell here. Many buyers are drawn to towns that feel established and grounded, even as they evolve.
What buyers should watch
If you are considering buying in Oceanport, redevelopment adds another layer to your search. You may want to look beyond the house itself and pay close attention to the property's position relative to current and future change.
A few smart questions to ask include:
- How close is the home to active redevelopment parcels?
- Could improved access or nearby amenities strengthen long-term appeal?
- Is the property close enough to benefit from investment, but far enough to avoid the heaviest disruption?
- How might traffic patterns or road work affect daily routines?
- Does this location fit your timeline, whether you plan to stay for a few years or much longer?
For some buyers, being near the growth story may feel like an opportunity. For others, a quieter pocket farther from the most active corridors may be the better fit.
What sellers should keep in mind
If you own a home in Oceanport, redevelopment can be helpful in your marketing story, but it should be framed carefully and realistically. Buyers respond best to specific, factual context rather than broad promises about future value.
That means highlighting what is verifiable today, such as proximity to Fort Monmouth redevelopment, nearby road and sidewalk upgrades, or access to future mixed-use amenities. It also means understanding that buyers may have questions about construction timing, traffic, and how quickly nearby projects will take shape.
A strong pricing and positioning strategy should account for both sides of that conversation. In a market with limited inventory, the right presentation can help buyers see where your home fits into Oceanport's changing landscape.
The big picture for Oceanport real estate
The clearest way to think about Oceanport today is this: the borough is moving into a more mixed-use, amenity-rich phase, and that shift is already visible. The former Fort Monmouth site, Netflix's studio campus, Riverwalk Center, new homes at Parkers Creek, and local infrastructure upgrades are all part of the same broader story.
For real estate, that does not mean every property will react the same way. It does mean Oceanport is being reshaped by real investment, real construction, and real planning that could influence demand, daily life, and long-term buyer perception for years to come.
If you are thinking about buying or selling in Oceanport, the most useful next step is to look at your specific block, property type, and timing rather than relying on broad headlines. For local insight on how Oceanport's redevelopment may affect your move, connect with Thomas Mallan.
FAQs
How is Fort Monmouth redevelopment affecting Oceanport real estate?
- Fort Monmouth redevelopment is adding new residential, mixed-use, recreation, and hospitality elements that may support long-term demand and reshape how buyers view Oceanport.
What is the Netflix project in Oceanport, New Jersey?
- Netflix is developing a $1 billion studio campus at Fort Monmouth with 12 soundstages totaling nearly 500,000 square feet, with an expected opening in 2028.
Which Oceanport areas are most affected by redevelopment?
- The areas around Avenue of Memories, Sherrill Avenue, Brewer Avenue, and Malterer Avenue, plus the Port Au Peck Avenue and Oceanport Avenue corridor, are among the locations most likely to see visible change first.
Is Oceanport a competitive housing market right now?
- Yes. Current housing data in the research report points to limited inventory, rising values, and continued buyer competition, though exact figures vary by platform.
Will redevelopment raise every home value in Oceanport?
- Not necessarily. The most likely outcomes will vary by location, property type, access, and distance from active construction and new amenities.
