NJ > Cape May
Cape May, NJ 08204,1505 Yacht Avenue
Cape May, NJ 08204,1505 Yacht Avenue,Video Tour
Cape May, NJ 08204,1505 Yacht Avenue
Cape May, NJ 08204,1505 Yacht Avenue
Cape May, NJ 08204,1505 Yacht Avenue
Cape May, NJ 08204,1505 Yacht Avenue
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Eric Booth

Eric Booth

+1(609) 602-2303
$ 7,750,000
Est. payment | /mo
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$ 7,750,000
Est. payment | /mo
Save Virtual Tour

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 251032

Annual Tax Amount $14,491

Tax Year 2024

Lot Dimensions .7366

Property Sub-Type Commercial/Industrial

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, 1 Existing 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 County

Area Cape May

Zoning R-5-HO

Location Details Island,Water Front,Water View

Interior

Hot Water Gas

Heating Gas Natural

Cooling Central Air Conditioning

Exterior

Exterior Feature Dock/Pier/Slip, Restrooms, Other (See Remarks)

Parking Features 11 Or More Spaces, Other (See Remarks)

Building

Lot Description Island, Water Front, Water View

Story 2

Sewer City

Water City

Structure Type Other (See Remarks)

Others

Acceptable Financing Other Financing

Listing Terms Other Financing

Financing Other Financing

Virtual Tour https://my.matterport.com/show/?m=Jcg1WRCHKKj&mls=1

Listed by COASTLINE REALTY, LLC

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agent
Eric Booth

Broker Associate | License ID: NJ-9588156

+1(609) 602-2303 | eric@shoreteam.com

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1505 Yacht Avenue