Discover this beach block updated condominium within the sought-after Cape Roc Condos of beautiful Cape May. This first-floor, one-bedroom, one-bathroom unit offers the perfect blend of relaxation and convenience with Cape May’s pristine beaches conveniently nearby. Step inside to find a turnkey, move-in-ready space, being sold fully furnished (minus a few personal items), ensuring immediate enjoyment. Recent renovations (2021) include stylish Pergo flooring and a modern, remodeled bathroom. A newer, approximately one-year-old refrigerator adds to the unit's appeal. The Cape Roc Condos provide an array of desirable amenities, including a heated swimming pool, on-site gas grills, dedicated off-street parking, spacious patios for outdoor enjoyment, and secure bike racks. Imagine savoring ocean breezes while grilling poolside or embarking on an evening bike ride to Cape May's vibrant downtown, filled with exquisite restaurants and unique shops. This well-maintained unit offers an exceptional investment opportunity, boasting a strong rental history since 2021. Peak summer weeks command $2,000 rent per week, and the property achieved an estimated $21,325 Gross Rental Income in 2024. As of April 1st, the estimated Gross Rental Income for 2025 is already projected at $20,000. This flexibility allows for personal use, rental income, or a perfect blend of both. Condo fees are reasonable at $375 per month, covering hot and cold water, exterior maintenance, pool upkeep, main building property insurance, and trash/recycling services. The shared on-site laundry rooms for Cape Roc were recently updated and are located on each level. Owners are responsible for electric, cable, and internet. Pet-friendly for owners, but renters are not permitted to bring pets. There is a one-time condo capital contribution fee of $1,125 for new unit owners and a special assessment of $1,125 in 2025 for the Condo Association. This is a rare opportunity to own a piece of Cape May paradise in a highly desirable location. Don't miss out – schedule your showing today! This gem won't last long.
Sold for $498,000
$498,000
1520 New Jersey Ave APT 123, Cape May, NJ 08204
1beds
532sqft
Condominium
Built in 1970
-- sqft lot
$516,900 Zestimate®
$936/sqft
$1,916 Estimated rent
Home value
$516,900
$476,000 - $563,000
$1,916/mo
Zestimate® history
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$3,544/mo
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List your homeWhat's special
Dedicated off-street parkingBeach blockHeated swimming poolRecent renovationsTurnkey move-in-ready spaceModern remodeled bathroomStylish pergo flooring
Zillow last checked:
Listing updated:
Listed by:
Cody Menz 609-675-1928,
COASTLINE REALTY, LLC,
Ami Menz,CRS,GRI,SRES,AB,
COASTLINE REALTY, LLC
Bought with:
Non-Member Non-Member
Non Member
Source: CMCAOR,MLS#: 250951
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Living Room, Kitchen, Dining Area
Heating
- Electric, Forced Air
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Range, Oven, Microwave, Refrigerator, Gas Water Heater, Other Hot Water
- Laundry: Common Area
Features
- Windows: Shades, Blinds
- Furnished: Yes
- Common walls with other units/homes: No One Below
Interior area
- Total interior livable area: 532 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Car
Features
- Levels: One
- Entry location: First Floor
- Pool features: Community
Lot
- Features: Beach Block, Island
Details
- Parcel number: 02011740000000050000C123
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Features: Elevator, Patio, Other
- Security: Smoke Detector(s)
HOA
- Has HOA: Yes
- HOA fee: $375 monthly
Location
- Region: Cape May
Financial & listing details
- Price per square foot: $936/sqft
- Tax assessed value: $210,300
- Annual tax amount: $2,223
- Date on market: 4/1/2025
- Date available: 04/01/2025
- Listing terms: Conventional
- Inclusions: Shades, Blinds, Furniture, Other (See Remarks)
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2025 | Sold | $498,000$936/sqft |
Source:  CMCAOR #250951 Report a problem | ||
| 4/18/2025 | Contingent | $498,000$936/sqft |
Source: CMCAOR #250951 Report a problem | ||
| 4/1/2025 | Listed for sale | $498,000+48.7%$936/sqft |
Source: CMCAOR #250951 Report a problem | ||
| 4/9/2021 | Sold | $335,000-4%$630/sqft |
Source: CMCAOR #210241 Report a problem | ||
| 1/20/2021 | Listed for sale | $349,000+336.3%$656/sqft |
Source: deSatnick Real Estate LLC - Cape May #210241 Report a problem | ||
| 4/16/1996 | Sold | $80,000$150/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,223 | $210,300 |
| 2024 | $2,223 -1.6% | $210,300 |
| 2023 | $2,259 +5.5% | $210,300 |
| 2022 | $2,141 +4.9% | $210,300 |
| 2021 | $2,040 -1.7% | $210,300 |
| 2020 | $2,076 +6% | $210,300 |
| 2019 | $1,958 +5.3% | $210,300 |
| 2018 | $1,859 -14.8% | $210,300 |
| 2017 | $2,182 -3.8% | $210,300 -19.8% |
| 2016 | $2,269 | $262,300 |
| 2015 | $2,269 +3.2% | $262,300 |
| 2014 | $2,198 +6.9% | $262,300 |
| 2012 | $2,056 +5.9% | $262,300 |
| 2011 | $1,941 -0.7% | $262,300 |
| 2010 | $1,954 +2.4% | $262,300 +14.5% |
| 2009 | $1,908 +8.2% | $229,100 |
| 2008 | $1,764 | $229,100 |
| 2007 | $1,764 | $229,100 |
| 2006 | -- | $229,100 |
| 2005 | -- | $229,100 |
| 2004 | $1,741 | $229,100 +177.7% |
| 2003 | -- | $82,500 |
| 2002 | -- | $82,500 |
| 2001 | -- | $82,500 |
Find assessor info on the county website
Neighborhood: 08204
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Nearby schools
GreatSchools rating
- 8/10Cape May City Elementary SchoolGrades: PK-6Distance: 1.1 mi
- 4/10Richard M Teitelman SchoolGrades: 7-8Distance: 2.8 mi
- 5/10Lower Cape May Regional High SchoolGrades: 9-12Distance: 2.8 mi
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Estimated market value
$516,900
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Estimated market value
$516,900
- New Jersey
- Cape May County
- Cape May
- 08204
- 1520 New Jersey Ave Apartment 123
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