1116 Ocean Avenue

Ocean City, NJ 08226

$5,750,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The perfect luxury beach property awaits with this newly custom built three unit property. The close proximity to the beach and boardwalk along with ocean breezes and a glimpse of the ocean from the 3rd floor unit makes this the perfect investment property. Each unit has a separate formal entrance and an entrance through the garage. Private staircases and elevators will take you to the upper floors. The upscale kitchens offers Pearl Glazed shaker cabinets with Hazel shaker island cabinets, Calcatta...The perfect luxury beach property awaits with this newly custom built three unit property. The close proximity to the beach and boardwalk along with ocean breezes and a glimpse of the ocean from the 3rd floor unit makes this the perfect investment property. Each unit has a separate formal entrance and an entrance through the garage. Private staircases and elevators will take you to the upper floors. The upscale kitchens offers Pearl Glazed shaker cabinets with Hazel shaker island cabinets, Calcatta Laza quartz countertops, GE Cafe Series stainless steel appliances, and 33" farm sink with matte black fixtures. Other features of the vacation condo include matte black finishes throughout, easy to care for water resistant LVP flooring, and washer/dryer in each unit. Three separate condos, 1st floor offers 3 bed/2 bath; 2nd floor and 3rdfloor units offer 6 bed/5 bath layout making sure there is plenty of space for family and guests.
  1. Listed by KRISTINA DOLISZNY • eXp Realty - Montclair
  2. Listed by ROBERT DOLISZNY • eXp Realty - Montclair

Property Details for 1116 Ocean Avenue

City/Community
Ocean City
Class
MULTI-FAMILY
Parking - Exterior
Three or More Cars
Waterfront (Y/N)
No
LISTING UPDATED: 10/22/2024 09:30 AM

Property Details for 1116 Ocean Avenue

StatusActive
MLS #590175
Days on Market74
Taxes$1 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Triplex
Year Built2024
Lot Size0.15 AC / 6,750 SF
CountyCape May County

Building Information for 1116 Ocean Avenue

Stories-Residences3Year Built2024Building Size-Lot Size0.15 AC / 6,750 SF

Property Information for 1116 Ocean Avenue

Summary
Location and General Information
  • Address: 1116 Ocean Ave
  • Address 2: New Construction Condos, Units A, B, C
  • Address Number: 1116
  • Address Search Number: 1116
  • Address Street: Ocean Ave
  • Area: Ocean City/Central
  • County: Cape May
  • Directions: 9th Street bridge to Ocean Avenue, right on Ocean Avenue to 1116 Ocean Avenue
  • Fips Code: 34009
  • Location: Boardwalk Area, Water View
  • State: NJ
  • Zip: 08226
Parking
  • Garage: Three or More Cars
Taxes and HOA Information
  • LVT Date: 10-20-2024
  • Tax Year: 2023
  • Taxes: 1
Property
Lot Information
  • Approved Short Sale?: No
  • Block #: 1102
  • Lot #: 21
  • Lot Dimensions: 135x50
Property and Assessments
  • Age: 0 to 1 Year
  • Associated Document Count: 2
  • Doc Timestamp: 10-21-2024
  • New Construction: Yes
  • Total Assessment: 1
  • Water: Private
  • Year Built: 2024
  • Adult Community/55+: No
Utilities
  • Sewer: Private
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Driveway: Shared
  • Outside Features: Ocean View, Sidewalks
  • Siding/Exterior: Shingle, Stone
Interior Features
  • Air Conditioning: Central, Gas
  • Appliances: Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Washer
  • Basement: Crawl Space
  • Heating: Forced Air, Gas-Natural
  • Other Rooms: Den/TV Room, Dining Area, Great Room, Kitchen, Laundry/Utility Rm, Living Room
Multi Family
Multi-Family Information
  • Annual Taxes: 1
  • Limited Service (Y/N): No
  • Number Of Units: 3
  • Separate Meters: Electric, Gas, Sewer, Water
  • Suitable For: Multi Family + Rooms
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 3
  • Unit 1 Facing: East
  • Unit 1 Level: Lower
  • Unit 1 Unit: A
Unit 2
  • Unit 2 Baths: 5
  • Unit 2 Bedrooms: 6
  • Unit 2 Facing: East
  • Unit 2 Level: Upper
  • Unit 2 Unit: B
Unit 3
  • Unit 3 Baths: 5
  • Unit 3 Bedrooms: 6
  • Unit 3 Facing: East
  • Unit 3 Level: Upper
  • Unit 3 Unit: C

Property History for 1116 Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1116 Ocean Avenue

Taxable ValueLand$746,300Additions$51,500Total$797,800
Tax Record2023$8,544 ($712 / month)
Home Facts
Total Finished SqFt3,744 SqFtAbove Grade Finished SqFt3,744 SqFtStories3Lot Size6,752 SqFtStyleParking LotYear Built2024ZoningHMM1CountyCAPE MAYAPN08 01102-0000-00021

Schools near 1116 Ocean Avenue

This home is within Ocean City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ocean City Primary School
PublicPK to 3

Ocean City Intermediate School
Public4 to 8

Ocean City High School
Public9 to 12

St. Augustine Regional School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1116 Ocean Avenue is a multi-family home for sale in Ocean City, NJ 08226. This property was listed for sale on October 10, 2024 by eXp Realty - Montclair, it's currently listed at $5,750,000. It has been on the market for a total of 74 days and was last sold on March 6, 2023. This listing's school district is Ocean City School District. Nearby schools include Ocean City Primary School, Ocean City Intermediate School and Ocean City High School. 1116 Ocean Avenue is a 0-bed, 0-bath, multi-family home built in 2024.

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Listing Courtesy of eXp Realty - Montclair

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.