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Graham Ginn

Graham Ginn 609-602-4884 609-399-0076x173

3160 Asbury Avenue, Ocean City

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For Sale 1505 Yacht, Cape May, NJ, 08204

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1505 Yacht, Cape May, NJ, 08204

$7,250,000

Graham Ginn
  • Buyer Agent Compensation: N/A
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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 Mayer’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.

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
Full Bath
# of Stories 2
Year Build
Lot Size
Tax 14491.00
SQFT
ExteriorOther (See Remarks)
ParkingGarage11 Or More Spaces, Other (See Remarks)
CoolingCentral Air Conditioning
WaterCity
Bedrooms 0
Half Bath
# of Stories 2
Lot Dimensions .7366
# Units
Tax Year 2024
Area Cape May
OutsideFeaturesDock/Pier/Slip, Restrooms, Other (See Remarks)
HeatingGas Natural
HotWaterGas
SewerCity
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Nearby Listings

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, boutiques hopping, and pristine beaches. Cape May is a premier destination for boaters and coastal enthusiasts, providing direct harbor access and 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 ora 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. This information was deemed accurate but not guaranteed. More detailed information for financially approved buyers is available. 1505 YACHT AVENUE,CAPE MAY NJ 08204 – Available Documents to qualified buyers only: Cape Atlantic – Certification Soil Erosion & Sediment Control Plan, Final Historic Preservation Commission, Final Resolution Zoning Board, Variance Expiration – Piling & Foundation permits – pilings partially installed, Buildings ZB & HPC Approval – City of Cape May – Approved Fire 8.4.2022 & Public Works & Shade Tree, 3.17.2023 – Working Plans 3 Units– Hyland Group, 3.17.2023 – Working Plans 4 Units, Site Plan 9.9.20 last revised 12.1.22, Renderings, Triad – COAH, Triad – Letter – 1.4affordable housing (1 on or off site) .4 cash – ($73,143.61 subject to change based on the project size). No access to the site without and appointment set in advance with agent.

Property 2

1505 Yacht Ave, Cape May

  • 0

  • 0.0

  • $7250000

Waterfront Living in Cape May at Its Best. Condo with water Views Boat Slip & Pool. Welcome to the highly desirable Devil’s Reach Marina Condominiums, a hidden gem of just 16 exclusive residences tucked along scenic Yacht Avenue in Cape May. This spacious 2-bedroom, 2-bath condo offers the best of coastal living—complete with a private 30-foot boat slip, refreshing in-ground pool, and walkable access to Cape May’s favorite restaurants and waterfront attractions. Step inside this beautifully maintained and fully furnished unit, featuring an open concept living and dining area, perfect for entertaining or unwinding after a day on the water. The kitchen shines with stainless-steel appliances, generous counter space, and a layout ideal for casual meals or gourmet cooking. Thoughtfully updated throughout, this condo includes: - New weather-resistant siding, windows, and sliding doors - New luxury vinyl plank (LVP) flooring — stylish and low-maintenance - Updated bathrooms, including a private en-suite in the primary bedroom - Dedicated work-from-home nook in the primary suite — Zoom-ready - Balcony access from the second bedroom — ideal for morning coffee, yoga, or reading Enjoy morning views of the harbor from your private balcony, take a dip in the pool just steps away, or relax on the sun deck and grilling area while your dinner sizzles. You’ll also appreciate covered garage parking, guest spaces, and pet-friendly policies in this warm and welcoming community. Whether you\'re boating, biking into town, or walking to iconic eateries like The Lobster House, Mayer’s Tavern, Lucky Bones, and C-View, this location can\'t be beat. Plus, with a two-week minimum rental policy, it offers great potential as a personal getaway or income-producing property. Don’t miss this rare opportunity to own a piece of paradise in one of Cape May’s most coveted waterfront communities — the friendly, fabulous Yacht Avenue.

Property 2

1520 Yacht, Cape May

  • 2

  • 2.0

  • $924000