Condo / Villa

509 Pearl Avenue, Cape May Point

$750,000

Property Details Property Details
Welcome to 509 B Pearl Avenue in Cape May Point. This historic 1876 residence, situated just across from the beach with incredible privacy on beach and beautiful private sunsets, has been divided into two condominiums. Access to the beach is provided via a natural path through the dunes, conveniently located across the street. Motivated Sellers. Unit B occupies the second and third floors and boasts an open living room, kitchen, one queen-sized bedroom, bathroom, and laundry closet. The third floor hosts a spacious master bedroom with a half bathroom and scenic nature and water views. Outdoor amenities include a deck overlooking Pearl Avenue, an outdoor shower, and storage space. Explore the numerous attractions of Cape May Point, including the beach, lighthouse, nature trails, and more. Easy viewing available. Additional details can be found in the Associated Documents. Each unit in the front home incurs approximately $5,170 in annual expenses, covering condo insurances (around $1,105), (water and sewer $950), flood insurance ($1,615.50), and landscaping (approximately $1500). Condo fee is yearly not monthly. Unit B share of the condo insurance reflects a split between all three condos (back cottage) and flood insurance is split only with unit downstairs as back cottage pays their own flood insurance. The water bill we split that quarterly with unit downstairs. All three units split the landscape costs. Easy to show call today. If sleeping 10 you could possible get $2800 a week for rentals. Sellers are motivated and will review all offers

This listing is provided courtesy of COASTLINE REALTY, LLC


Bedroom 3 bedrooms
Full Bathroom 1 full baths
Half Baths 2 half baths

  • MLS #: 241047
  • Status: Pending
  • Buyers Brokerage Compensation: Offered on this listing
  • Address: 509 Pearl Avenue, Cape May Point, NJ 8212
  • Date Listed: 4/10/2024
  • Days on Market: 186
  • Date Sold: 11/1/2024
  • SQFT: 1088
  • Stipulations: No

Amenities Amenities
  • Range
  • Oven
  • Microwave Oven
  • Refrigerator
  • Washer
  • Dryer
  • Dishwasher
  • Smoke/Fire Detector

Location Location

Interior Features Interior Features
  • Cool System: Central Air, Ceiling Fan, Split
  • Heat System: Electric, Split
  • Rooms: Living Room, Eat In Kitchen, Dining Area, Laundry/Utility Room, Storage Space
  • Hot Water: Electric

Exterior Features Exterior Features
  • New Construction: No

Additional Features Additional Features
  • County: Cape May County
  • Property Type: Condo
  • Water/Sewer: City
  • Year Built: 1876
  • Lot Number: 13
  • Block Number: 12
  • Associated Document Count: 3
  • District/Township: 03-Cape May Point
  • For Sale / Lease: For Sale
  • Taxes: 3107
  • Total Rooms: 6
  • 3rd Party Approval: No

Disclaimer:The data relating to real estate for sale on this website comes in part from both the Broker Reciprocity Program of the South Jersey Shore Regional MLS and/or the Cape May County MLS, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms. The brokers providing these listings advise interested parties to do their due diligence before relying on this information in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. All information deemed reliable, but not guaranteed. All properties are subject to change.