For Sale 1505 Yacht, Cape May, NJ, 08204

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.

Detached stand-alone building part of a 2-building condo association. It is located across from the water and surrounded by a desirable and expanding marina district. Currently, a mixed-use space with three offices, a reception area, a powder room, and a recreation space is rented month to month. The 3-bedroom, 2-bath area is rented for 2025. Use it all as residential or use the space to meet your needs. There are seven parking spots. With up to 5/6 bedrooms, the property offers flexibility. Use the apartment or office space and rent the other half, or combine as just a single family. Over the Cape May Bridge with full access to the island. $25,000 credit towards new roof and updates. Take a look today!

Beautiful Cape May Home on Oversized Lot – Endless Possibilities Welcome to this lovely home located on a 75x125 ft. lot full of potential in the heart of Cape May! This rare home features an attached legal two bedroom apartment which offers a unique blend of modern comfort, historic charm, and unbeatable flexibility—perfect for year-round living, summer getaways, or income-producing investment. The main House features 3 bedrooms and 2.5 baths, thoughtfully laid out for both privacy and flow. At its heart is a stunning oversized gourmet kitchen, complete with a center island, double ovens, double sink, and an additional bar sink—ideal for entertaining or effortless family living. The kitchen opens into a light-filled dining and family room, creating a warm and welcoming open-concept space perfect for gatherings. Off of the family room is a nice sized laundry room and 1/2 bath. Two bedrooms and 1.5 baths are located on the first floor, while the entire second level is dedicated to a private master suite, featuring hardwood floors, a spacious walk-in closet, and a spa-inspired bath with a separate walk-in shower and a walk-in soaking tub—your own personal retreat. A sun-filled all-seasons room just off the family room leads to a rear deck overlooking the expansive backyard. The newer vinyl-fencing offers a private retreat. The yard offers ample room for a pool and includes an enclosed outdoor shower and a detached heated/cooled cottage—ideal as a future pool cabana, studio, or perfect for your home office or man cave/she shed. The attached 2-bedroom, 1-bath apartment has its own private entrance, separate meters and utilities, and offers washer/dryer, stove, and dishwasher hookups. While the unit hasn\'t been used recently as income producing it\'s fully legal and offers strong potential for rental income or guest use. Additional highlights include: • Newer roof • Newer central heating and air conditioning • All-new Andersen windows throughout • Large front porch • Generous off-street parking Located just minutes from Cape May’s beaches, restaurants, and historic downtown, this property is a rare find. With its oversized lot, versatile layout, and income potential, it’s the kind of home that doesn’t come along often. Don’t miss your chance to make this special Cape May property yours—schedule your private showing today!