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.

Highly Desirable Yacht Avenue Condo with Boat Slip and a Pool! Welcome to Devil’s Reach Marina Condominiums, a sought-after community of just 16 units on picturesque Yacht Avenue. This spacious 3-bedroom, 2-bath condo comes complete with a private boat slip and is just steps from Cape May’s best dining and waterfront attractions. Recent upgrades include new siding and windows (assessments fully paid), fresh interior paint, and brand-new carpeting in the guest bedrooms. The open-concept living area features hardwood flooring and flows seamlessly to a private deck with a retractable awning and with tranquil water views of Devil’s Reach Creek—perfect for your morning coffee or evening cocktail. The entire 2nd level is the primary suite with a cedar closet, 2 additional closets, a beautifully tiled bathroom with a large shower. Additional highlights include: In-ground pool with sundeck and grilling area, Pet-friendly (owners allowed 2 pets), 2-week minimum rental policy, covered parking with one designated spot per unit plus 8 guest spaces, walkable to top local spots like The Lobster House, Lucky Bones, Bryne, Cappo\'s Pizza, WaWa, and more. Only a 5 minute drive, 9 minute bike ride to the beach. With reasonable condo fees and taxes, this is a rare opportunity to own a waterview condo with a boat slip and a pool in a prime location. These units rarely hit the market—don’t miss your chance to own at Devil’s Reach Marina!

3 office commercial spaces with 3 bedrooms 2 baths 2nd and 3rd-floor rental space. Buy as commercial space, or the owner will apply for a change of use for fully residential. High visibility and fantastic views. It is located across from the water and surrounded by a desirable and expanding marina district. The building is free-standing but part of a two-building association. The three offices, reception area, powder room, and recreation space are rented month to month. The 3-bedroom, 2-bath area has a fantastic rental history. Use as it is or use the space to meet your needs. There are seven parking spots. The property offers flexibility. Use the apartment or office space and rent the other half or combine for singular use. Over the Cape May bridge with full access to the island. Take a look today!