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Jordan Muirhead

jordan@premiumrepartners.com +1(703) 615-8732

Listed by Carol A. Menz • Coastline Realty, LLC

$ 7,250,000

Est. payment -/mo

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Price Dropped by $500K

1505 YACHT AVE Cape May, NJ 08204

UPDATED:

Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

Subdivision Cape May City

MLS Listing ID NJCM2005008

Year Built 1900

Annual Tax Amount $14,491

Tax Year 2024

Lot Dimensions .7366

Property Sub-Type Land for Commercial Use

Source BRIGHT

Property Description

Once in a Lifetime Prime Waterfront Development Opportunity in Cape May An exceptional opportunity to develop 0.7 acres of waterfront property on Cape May's Yacht Ave. This rare offering includes approved plans for a seven-townhome condominium association with a small marina, creating an exclusive waterfront community in one of Cape May's most desirable locations. Situated in a highly walkable location, this property offers convenient access to the Marina District, where you'll find some of Cape May's most popular restaurants, including Lucky Bones, The Lobster House, and Meyer's. Just a short distance away, explore the charm of Historic Cape May, known for its Victorian homes, boutique shopping, and pristine beaches. Cape May is a premier destination for boaters and coastal enthusiasts, providing direct harbor access and a vibrant seaside atmosphere. Whether you're an investor, developer, or visionary buyer, this is a rare opportunity to bring a luxury waterfront project to life. For those seeking to create their own waterfront masterpiece, this property also presents the unique opportunity to design a private luxury estate with unparalleled harbor views. Imagine a custom-built home or two with expansive decks, private docks, and direct access to Cape May's premier boating waters—a haven for yachting, fishing, and waterfront living at its finest. Whether as a multi-unit development or a one-of-a-kind private retreat, this rare waterfront property is a blank canvas ready for your vision: Highlights – Dig Ready for 7 townhomes, 1Existing renovated Historic Home, 17 -23 slips, 7 marina parking, marina bathroom room, 7 overflow residential parking, Garages for townhomes. Need a builder we can supply a fantastic local builder who has been involved from the beginning on this project.

Location

State NJ

County Cape May

Area Cape May City (20502)

Zoning R-5

Interior

Hot Water Natural Gas

Heating Other

Cooling Other

Equipment See Remarks

Heat Source Other

Exterior

Garage Spaces 11.0

Water Access Y

Accessibility Other

Total Parking Spaces 11

Garage N

Building

Sewer Public Hook/Up Avail

Water Public

New Construction N

Schools

School District Cape May

Others

Tax ID 02-01160-00006

Ownership Other

Acceptable Financing Other

Listing Terms Other

Financing Other

Special Listing Condition Standard

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Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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Jordan Muirhead

1505 YACHT AVE Cape May, NJ 08204

Key Details

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1505 YACHT AVE