1505 Yacht Avenue Cape May, NJ $ 7,250,000
1505 Yacht Avenue
$ 7,250,000
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1505 Yacht Avenue

Cape May, NJ, 08204
$ 7,250,000
Bedrooms-- Baths--

Monthly Estimate*

$ 45,231

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Commercial Property for sale in Cape May, NJ

for $7,250,000.

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.

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Commercial Pending

Price

$ 7,250,000

Property Type

Commercial

Taxes

$ 14,491

Style

Commercial/Industrial

Town/City

Cape May

County/Region

Cape May

MLS | Web ID

251032

Features
General
Heating Gas Natural
Cooling Central Air Conditioning
Zoning R-5-HO
Water City
Sewer City
Parking 11 Or More Spaces Other (See Remarks)
Stories Count 2
County Cape May County
Class COMMERCIAL/INDUSTRIAL
Type Commercial/Industrial
Tax Year 2024
New Construction Y/N No
Status UNDER CONTRACT
Sale/Rent For Sale
Status Detail 0
Location Island Water Front Water View
Virtual Tour https://my.matterport.com/show/?m=Jcg1WRCHKKj&mls=1
City Cape May
Taxes 14491
DOM 192
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Exterior
Buildings 2
Exterior Other (See Remarks)
Exterior Amenities Dock/Pier/Slip Restrooms Other (See Remarks)
Lot Dimensions .7366
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Interior
Hot Water Gas
Total Number of Units 2
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* Excluded Features
List By
Carol A. Menz,GRI,CRS,ABR,SFR

Listing Agent

Coastline Realty, Llc

Broker

CarolMenz@CoastlineRealty.com

Email

Affordability Calculator

$46,438
Per Month
97%
3%
0%
Monthly Principal & Interest
$45,231
Monthly Property Taxes
$1,208
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266621 Elementary School
266622 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2025$7,250,000 -6.45% Price Down
4/7/2025$7,750,000 Listed Price

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1505 Yacht Avenue, Cape May, NJ, 08204 is a Commercial Property for sale at $7,250,000. The property's zip code is 08204 which is in Cape May, NJ