Welcome to 99 Holly Lane, a 2.55-acre waterfront estate on Cocktail Cove and one of the rarest properties to come to market on the Toms River. With approximately 4,853 square feet in the main residence, 155 feet of water frontage, a private guest house and a two-story barn, this is a true compound, the kind of property that almost never exists at this scale on the Ocean County waterfront. Step through the double-door entry and the water is right in front of you. The great room was built for gathering, with vaulted, beamed ceilings, a floor-to-ceiling stone fireplace, a built-in bar and a full wall of windows overlooking the cove. A glass-wrapped sitting area opens to the deck, and the dining area easily hosts a crowd. At the heart of the home, the kitchen features a large granite island, custom cabinetry, double wall ovens and a breakfast area with French doors to the deck. Just beyond, a skylit sunroom surrounded by windows brings the gardens inside. A library-style study with custom built-ins opens directly to the waterfront through its own French doors. The first-floor primary suite is a true private retreat. Wake up to water views, then move through a hallway of custom built-in closets to two full bathrooms connected by a tiled walk-in shower with multiple body sprays. The suite also includes its own fitness room and a cedar-lined spa room with a built-in hot tub and infrared heat lamps above the bench, a private wellness wing few homes can offer. A powder room and an oversized laundry room round out the first floor. Just off the foyer, a sweeping spiral staircase rises to the second level, where three generously sized guest bedrooms are served by two full Jack-and-Jill-style baths connected by a shared shower, giving family and guests comfort and privacy of their own, with direct access to the attic for storage. A two-car garage complete the main residence. The backyard is where 99 Holly Lane truly comes alive. A heated infinity-edge pool with a cascading stone waterfall and water slide sits steps from the river, surrounded by a multi-level deck and a fully equipped outdoor kitchen with grill, sink and refrigerator. From long pool days to evenings on the deck, this is resort living at home. For boaters, the setup is turnkey: 155 feet of frontage with a brand-new vinyl bulkhead being installed, a private dock with electric, a boat lift, a jet-ski lift and pilings replaced in 2025, plus a riparian lease in place. The calm, protected waters of the cove open to the Toms River and Barnegat Bay beyond. Across the property, a one-bedroom guest house with its own porch, kitchenette, full bath and French doors gives visitors or extended family complete privacy. A historic red two-story barn with an overhead door offers room for boats, vehicles, a workshop or a studio. For buyers seeking even more, the adjoining 227 Chelsea Avenue (1.68 acres with two cottages) is also available, creating a 4.23-acre waterfront compound.