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1505 Yacht Ave

Cape May, NJ 08204
  • $7,750,000
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 595017
UPDATED: 76 min ago
$7,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

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 Mays 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 Mays most desirable locations. Situated in a highly walkable location, this property offers convenient access to the Marina District, where youll find some of Cape Mays most popular restaurants, including Lucky Bones, The Lobster House, and Meyers. Just a short distance away, explore the charm of Historic Cape May, known for its Victorian homes, boutiques hopping, and pristine beaches. Cape May is a premier destination for boaters and coastal enthusiasts, providing direct harbor access and vibrant seaside atmosphere. Whether youre 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 Mays premier boating waters"a haven for yachting, fishing, and waterfront living at its finest. Whether as a multi-unit development ora 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. This information was deemed accurate but not guaranteed. More detailed information for financially approved buyers is available. 1505 YACHT AVENUE,CAPE MAY NJ 08204 " Available Documents to qualified buyers only: Cape Atlantic " Certification Soil Erosion & Sediment Control Plan, Final Historic Preservation Commission, Final Resolution Zoning Board, Variance Expiration " Piling & Foundation permits " pilings partially installed, Buildings ZB & HPC Approval " City of Cape May " Approved Fire 8.4.2022 & Public Works & Shade Tree, 3.17.2023 " Working Plans 3 Units" Hyland Group, 3.17.2023 " Working Plans 4 Units, Site Plan 9.9.20 last revised 12.1.22, Renderings, Triad " COAH, Triad " Letter " 1.4affordable housing (1 on or off site) .4 cash " ($73,143.61 subject to change based on the project size). No access to the site without and appointment set in advance with agent.

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© 2025 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2025-04-19T19:50:11.257.
www.oceancitynewjerseyhomes.com/homes/162384870
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1505 Yacht Ave Cape May, NJ 08204

  • Price: $7,750,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 76 min ago
  • MLS #: 595017
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Cape May City
County:
Cape May
Area:
Cape May City
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 Mays 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 Mays most desirable locations. Situated in a highly walkable location, this property offers convenient access to the Marina District, where youll find some of Cape Mays most popular restaurants, including Lucky Bones, The Lobster House, and Meyers. Just a short distance away, explore the charm of Historic Cape May, known for its Victorian homes, boutiques hopping, and pristine beaches. Cape May is a premier destination for boaters and coastal enthusiasts, providing direct harbor access and vibrant seaside atmosphere. Whether youre 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 Mays premier boating waters"a haven for yachting, fishing, and waterfront living at its finest. Whether as a multi-unit development ora 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. This information was deemed accurate but not guaranteed. More detailed information for financially approved buyers is available. 1505 YACHT AVENUE,CAPE MAY NJ 08204 " Available Documents to qualified buyers only: Cape Atlantic " Certification Soil Erosion & Sediment Control Plan, Final Historic Preservation Commission, Final Resolution Zoning Board, Variance Expiration " Piling & Foundation permits " pilings partially installed, Buildings ZB & HPC Approval " City of Cape May " Approved Fire 8.4.2022 & Public Works & Shade Tree, 3.17.2023 " Working Plans 3 Units" Hyland Group, 3.17.2023 " Working Plans 4 Units, Site Plan 9.9.20 last revised 12.1.22, Renderings, Triad " COAH, Triad " Letter " 1.4affordable housing (1 on or off site) .4 cash " ($73,143.61 subject to change based on the project size). No access to the site without and appointment set in advance with agent.
Exterior Features

Commercial Style Commercial CondoMarina Exterior Features Dock/Pier/SlipRestroomsSee Remarks Location Bay FrontIslandWater View Lot Dimensions .7366 Parking 11 or More SpacesOther (See Remarks) Road Frontage Township Waterfront YN Yes

Interior Features

Air Conditioning Central Heating Gas-Natural Hot Water Gas

Property Features

Approved Short Sale N/A Auction YN No Available Other (See Remarks) Bank Owned Foreclosure No Buildings 2 Estate YN No Lot Number 6 May Be Subject To Third Party Approval Short Sale No Sewer Public Sewer Tax Year 2024 Taxes 14491 Water Public

South Jersey Shore Regional MLS logo Listing information © 2025 South Jersey Shore Regional MLS.
Listing provided courtesy of COASTLINE REALTY, LLC: .


© 2025 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2025-04-19T19:50:11.257.
 
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