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1505 Yacht Ave
Cape May, NJ 08204
Waterfront 7 Townhome Development & Marina · Land For Sale
·
0.70 AC
INVESTMENT HIGHLIGHTS
- Water front, Bulkhead, Docks, Boat Slips.
- Existing Historic Rental Single Family.
- Small Marina, 7 Approved Residential Townhomes.
- Property could be suited to continue operating as a marina.
EXECUTIVE SUMMARY
Once in a Lifetime Prime Water Front 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 with expansive decks, a private dock, 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, 23 boat slips, 7 marina parking, 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.
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 with expansive decks, a private dock, 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, 23 boat slips, 7 marina parking, 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.
PROPERTY FACTS Under Contract
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.70 AC |
| Property Type | Land | No. Stories | 2 |
| Property Subtype | Residential | ||
| Zoning | R-5 - Medium- High Density Residential | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.70 AC |
| No. Stories | 2 |
| Zoning | R-5 - Medium- High Density Residential |
1 LOT AVAILABLE
Lot 6, 6.01, 7
| Price | $7,250,000 | Lot Size | 0.70 AC |
| Price Per AC | $10,357,142.86 |
| Price | $7,250,000 |
| Price Per AC | $10,357,142.86 |
| Lot Size | 0.70 AC |
.7 irregular sized lot with bulkhead and floating docks. Existing Historic Cottage. Some Pilings in ground already for proposed 3 unit townhouses.
PROPERTY TAXES
| Parcel Number | 02-01160-0000-00006 | Improvements Assessment | $146,200 |
| Land Assessment | $1,224,800 | Total Assessment | $1,371,000 |
PROPERTY TAXES
Parcel Number
02-01160-0000-00006
Land Assessment
$1,224,800
Improvements Assessment
$146,200
Total Assessment
$1,371,000
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