Condo Sale Units at 501 Beach Avenue, Cape May, NJ 08204 

View available units and the most up to date pricing.


The Marquis de Lafayette Hotel is located beachfront in the heart of Cape May. Every condo features relaxing private balconies overlooking the ocean with breathtaking panoramic views of the sky, sea and beach.  Savor terrific resort amenities such as; outdoor heated pool, summer pool bar, restaurant with bar, maid service, meeting rooms, fitness room, wireless internet, laundry room, parking and none of the maintenance associated with property ownership.  This trouble-free investment is perfect for a 1031 tax deferred exchange.

Own a piece of history that pays…now and in the future. Your wonderful vacation retreat is operated daily year round for you as a hotel by full time staff when you are not visiting. This hotel was extensively renovated between 2004/2009 in a multi-million dollar renovation, to include windows, siding, doors, bathrooms, interior and exterior painting, roofing, parking lots, ten new rooms on the 6th floor and much more…
 
The condo association is made up of all the condo unit owners and its assets include; common areas, first floor restaurant with bar, liquor license, pool bar, front desk, first floor lobby, hallways, meeting room, laundry room, fitness room, 4th, 5th and 6th floor lobbies, maids room, maintenance room, 5th floor storage room and 4 parking lots.

Condo and hotel fees are; condominium insurances, utilities, association renovation/new construction mortgage, the capital improvement fund and are debited from your portion of rental income. After your income has paid off these fees for the year, owners receive 50% of the rental income in a monthly check. The only current out of pocket expenses owners incur are real estate taxes and any private mortgage on their individual room. Investment financing available through Sturdy Savings, Kevin Deely (609) 463-5210 and Crest Savings Sue Paz (609) 522-5460.
 
Come down to the shore, visit The Marquis de Lafayette and choose the perfect one for you. There are 9 types of rooms/suites for you to choose from.  We have Pet Friendly Units, Suites, Hotel Rooms and Penthouse Suites.  Individual hotel rooms owned by your association are the 10 units built in 2008/09 on the 6th floor currently being rented and for sale. These upgraded suites are equipped with top of the line amenities to reflect residential vacation lifestyles, cathedral ceilings and spectacular views.
 
At The Marquis de Lafayette you are able to use your room any length of time from October 1 to June 14, having only to reimburse $25 per night for the housekeeping and restocking.  During the summer season you may use your room 14 days, any configuration, from June 15 to September 30 having to reimburse for the housekeeping and restocking. Any room usage during the summer season in excess of the 14 days will be charged to the owner on half of the seasonal published rate.
 
To return to the Marquis de Lafayette Hotel’s site please click this link: www.marquiscapemay.com
 
This Information is deemed accurate but not guaranteed and is subject to change without notice.