CCertihomes
46 Shephard Drive, Middletown, NJ 07748

$1,599,000

5 beds 4 baths 4,469 sqft Built 19670 days on marketActive

About this home

Tucked away on a quiet street in Middletown, this expansive 5-bedroom, 4-full-bath home offers 4, 469 square feet of living space on a beautifully landscaped property. With generously sized rooms, a versatile floor plan, extensive recent improvements, and an exceptional backyard retreat, this home offers an impressive combination of space, comfort, and flexibility. The bright and open first floor is designed for both everyday living and entertaining. At the heart of the home is a spacious eat-in kitchen featuring abundant cabinetry, granite countertops, a center island with cooktop, and stainless steel appliances. The kitchen flows naturally into multiple oversized gathering spaces, including a spacious family room, large living/game room, and an expansive dining room accented by box and chair molding and directional lighting. Behind charming barn doors, an additional first-floor room offers tremendous versatility as a home office, playroom, guest room, or additional bedroom. A full bath on the first floor adds even greater flexibility for guests and everyday living. Recessed lighting and new flooring throughout the home create a bright, fresh, and inviting atmosphere. Upstairs, the impressive primary suite features a dramatic vaulted ceiling, abundant natural light, decorative wall molding that adds architectural character, generous closet space, and a private bath. Four additional spacious bedrooms provide plenty of room for family and guests, with ceiling fans in every bedroom. Convenient second-floor laundry and a staircase to the unfinished attic provide additional functionality and easily accessible storage. Step outside, and the home continues to impress with an outdoor space made for relaxing, entertaining, and enjoying time together. The in-ground pool with a new liner (2025) is surrounded by an expansive patio and covered outdoor entertaining area, while the sprawling level lawn and mature trees create a peaceful, private backdrop. Whether spending summer days by the pool, gathering with friends and family, or simply enjoying the quiet surroundings, this backyard offers something for everyone. Major recent improvements include a new roof (2026), new gutters (2026), new outdoor lighting (2026), new refrigerator (2026), Navien boiler system (2025), new pool liner (2025), driveway sealcoating (2025), new flooring (2024), and newer dishwasher (2024). The attached two-car garage and unfinished basement both feature epoxy flooring, adding a clean, finished touch to these functional spaces. Middletown also offers convenient commuter options, including train, bus, and weekday ferry service to New York City, along with access to the township's parks and beaches.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$10,897/mo

Real estate (PITI + HOA + PMI)
$10,990
Principal + interest$7,252
Property tax + insurance$3,138
PMI / 2nd mortgage$600
Utilities
$574
Heating + cooling$125
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$116
Car insurance + maintenance$116
Other (entertainment)
$158
$10,897/mo TLC
Budget$11,397/mo
Remaining after TLC$500/mo
Purchase price
$1,599,000
Down payment
$79,950 (5%)
Loan amount
$1,519,050
APR
4%

Quick facts

Type
Single Family Residence
Style
Colonial, Custom Home, Two Story
Year built
1967
Lot size
0.8842 ac
Stories
1
Heating
Central, Forced Air
Cooling
Ceiling Fan(s), Zoned
Water
Public
HOA
Annual tax
$18,317
MLS #
2704092R
County
Monmouth

At a glance

Basement
Garage (2)
Dishwasher

Home features

Appliances
Self Cleaning OvenDishwasherDryerGas Range/OvenMicrowaveRefrigeratorWasherGas Water Heater
Interior
Cathedral Ceiling(s)SkylightVaulted Ceiling(s)Entrance FoyerKitchenLibrary/OfficeLiving RoomBath FullDining RoomFamily Room5 (+) BedroomsLaundry RoomBath ThirdAtticUnfinished/Other RoomOther Room(s)
Exterior
BarbecueOpen Porch(es)DeckPatioEnclosed Porch(es)Storage ShedYard
Parking
AsphaltCircular DrivewayGarageAttachedBuilt-In GarageDetachedGarage Door Opener
Patio & porch
PorchDeckPatioEnclosed
Pool
In Ground
Kitchen
Granite/Corian CountertopsKitchen IslandPantryEat-in Kitchen
Dining
Formal Dining Room
Master bedroom
Full BathWalk-In Closet(s)
Flooring
Ceramic Tile, Laminate, Wood
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple

Lot features

Near Shopping, Near Train, Dead - End Street, Level

Neighborhood — 07748

MetricThis ZIPCountyUSA
Population27,9748,832,837299,088,112
Population Change Since1990-1.00%14.00%20.00%
Population Density2,0971,137
Male13,7564,307,827147,432,321
Female14,2184,525,010151,655,844
Never Married4,9331,965,81163,775,926
Married14,3353,647,435123,120,365
Separated527391,23912,639,686
Widowed1,335515,17215,467,586
Divorced1,112529,39323,075,029
Number Of House Hold9,5183,167,345111,826,380
Average House Hold Size2.942.732.60
Medial Age39.0137.1535.46
Median House Hold Income$89,873$63,392$48,276
Average House Hold Income$115,064$83,312$63,629
P C I$39,213$30,662$24,529
M D I$70,765$52,505$41,133
A T H E$77,563$61,369$50,898
S T R7.00%7.00%
W C J80.46%81.02%77.74%
(Zip) Code
7748

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Central Jersey Multiple Listing System, INC

Listing information last refreshed 9/8/2026. Provided courtesy of EXP REALTY, LLC via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.