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Tom Melchionni

Tom Melchionni 609-602-8208 609-399-0076x121

3160 Asbury Avenue, Ocean City

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For Sale 509 Pearl, Cape May Point, NJ, 08212

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509 Pearl, Cape May Point, NJ, 08212

$785,000

Tom Melchionni
  • Buyer Agent Compensation: N/A
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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. 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.

Listing courtesy of: COASTLINE REALTY, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Cape May Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright Cape May Multiple Listing Service. All rights reserved.
Total Rooms 6
Full Bath 1
# of Stories Three
Year Build
Lot Size
Tax 3107.00
SQFT 1088
UnitFeaturesKitchen Island, Wall To Wall Carpet, Tile Floors, Laminate Fooring, Mini Split
OtherRoomsLiving Room, Eat In Kitchen, Dining Area, Laundry/Utility Room, Storage Space
AlsoIncludedCurtains, Blinds, Partial Furniture
CoolingCentral Air, Ceiling Fan, Split
WaterCity
Bedrooms 3
Half Bath 1
# of Stories Three
Lot Dimensions
# Units
Tax Year 2022
Area Cape May Point
ParkingGarageOther
AppliancesIncludedRange, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
HeatingElectric, Split
HotWaterElectric
SewerCity
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