1505 Yacht Ave, CAPE MAY, NJ

$7,250,000

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32,086

Square feet

About 1505 Yacht Ave

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.

Features of 1505 Yacht Ave

MLS® # NJCM2005008
Price $7,250,000
Bathrooms 0.00
Square Footage 32,086
Acres 0.00
Year Built 1900
Type Commercial Sale
Sub-Type Land for Commercial Use
Status Active

Community Information

Address 1505 Yacht Ave
Area Cape May City (20502)
Subdivision CAPE MAY CITY
City CAPE MAY
County CAPE MAY-NJ
State NJ
Municipality CAPE MAY CITY
Zip Code 08204

Amenities

Is Waterfront Yes
Waterfront Canal

Interior

Heating Other
Cooling Other
Has Basement No
Fireplace No

Exterior

Exterior Shake

School Information

District CAPE MAY

Additional Information

Date Listed April 8th, 2025
Days on Market 191
Zoning R-5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCoastline Realty, LLC
Contact Info6098845005

Listing Map

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