$1,990,500

1527-1529 Yacht Ave

Cape May NJ, 08204

Description

One Of A Kind Prime waterfront property in Cape May's Inter-Coastal Waterway...Property has 90 feet of frontage on Yacht Avenue, a street where the average width is no more than half that...Brand new bulkhead and floating docks with room for 4 boat slips...Riparian rights come with half of the property and the other half has a riparian lease. Currently a 2 bedroom house with large attached storage building exists on the site. DEP approval has been received to demolish the existing building and an allowable building footprint has been established. Current zoning allows single family, two-family detached or single family attached uses, along with the dock use. One of the few properties on Yacht Avenue able to offer off-street parking. This is a unique opportunity for anyone with aquamarine blood running in their veins. Lot 20 is 45 x75 (including Property has one lot that is 45' x 75" (including a 34" deep riparian grant) and the other lot is 45' x 41' +/- with a 34' deep riparian lease). New construction would be subject to City Zoning Codes. Current on site parking for 6 cars

Details

MLS#187632
Sub-TypeResale
StatusActive
Days On Site220

Features

ZoningR-5
Water FrontYes
Property ViewYes

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Area Information

StateNJ
CityCape May
Zip Code08204
AreaCape May
Listing VS Median (in 08204)
Price:
$1,990,500
low | high
Med:
$424,137
100% of Average
On Site:
220
low | high
Med:
164
100% of Average
Listing Updated: 12/13/2019
MLS Number: 187632
Listing Provided By:
William Bezaire, ePRO  of  Coldwell Banker Sol Needles Real Estate
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