For Sale 317 Stites, Cape May Point, NJ, 08212

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.

Welcome to Pias Point! You\'ll relax on the front porch surrounded by the beauty of nature. Walk to the beach and enjoy everything the Point has to offer. The cozy living room has a wood stove. There are hardwood and tile floors throughout. The modern kitchen opens up to a sunny dining room. Grill on the gas barbecue while you breathe the scent of the pines. This has been a solid rental property with revenues exceeding 40k annually; for the 2024 season 72% of the guests are return renters. Seller Disclosure in Associated Docs. Showings can be accommodated on Saturdays between 11am and 3pm. The following Saturdays will not be available for showings: 6/1, 7/20, 7/27, 8/3, 8/24. Seller would like to close on or after 9/30/2024.

Fantastic location in Cape May Point. Summer rental property with 12 weeks rented this year. Average weekly at $1575 in season and $1475 in the shoulder weeks. This unique top floor unit is like no other in the building. Wonderful, private outside porch. The unit is completely furnished and equipped and ready to go for the season. The building was completely renovated in 1987 from studs out. Separate electric, cable and hot water for each unit. Condo fee includes all outside maintenance, lighting, trash and recycles, Insurances and the landscaping. The water is split among 9 owners by the association. Great individual storage units and shared coin operated laundry. Double outside showers offered for everyone\'s use. Association provides 5 bicycles for everyone\'s use. Great time to purchase with the upcoming rentals in place for 2024.