1. New Jersey
  2. Cape May
  3. 1505 YACHT AVENUE
$7,250,000

1505 YACHT AVENUE, Cape May, NJ 08204

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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, 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, 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.

Listing Status:
Active
Date Added:
April 8, 2025 at 05:00AM
Listing Office:
Coastline Realty, LLC : 6098845005
Listing Agent:
Carol A. Menz : 6098845005
MLS ID:
NJCM2005008
  • A/C: Other
  • Heating: YOtherOther
  • Disability Feature: Other

This listing courtesy of Carol A. Menz, Coastline Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Richard M. Teitelman Middle School

687 Route 9, Cape May, NJ, 08204

Grades 7-8

2.17 miles away

L

Lower Cape May Regional High School

687 Route 9, Cape May, NJ, 08204

Grades 9-12

2.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.