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Sold for $1,300,000
  • $1,300,000

    300 Bay Ave, Ocean City, NJ 08226

    3beds
    --baths
    2,346sqft
    Duplex
    Built in 1934
    -- sqft lot
    $1,465,500 Zestimate®
    $554/sqft
    $1,845 Estimated rent

    Home value

    $1,465,500

    $1.32M - $1.64M

    $1,845/mo

    Zestimate® history
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    $1,845/mo

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    $8,222/mo

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    What's special

    FAMILY- OWNED BAYFRONT MIXED-USE INVESTMENT OPPORTUNITY Welcome to 300 Bay Ave, Ocean City, NJ 08226. Thisextraordinary property offers a sensational investment opportunity like no other. With a rich history dating back to 1950, this family-ownedbusiness comes complete with Real Estate, Business, Equipment, and even a Riparian Grant. Step inside this remarkable property and findyourself immersed in a thriving commercial environment. The main floor boasts a spacious bait/tackle shop, perfectly positioned for maximum customer exposure. And that's not all - with 10 boat slips, including space for a 35' vessel, you'll have endless potential for maritime ventures. Looking to capitalize on additional rental income? Take advantage of the 1 BR Apartment, which is perfectly suited for appealing to the lucrative Air BnB market. There's also a stunning 2 BR apartment on the second floor, complete with a loft space on the third floor - ideal for those seeking a luxurious coastal retreat. But it's not just the property that sets this investment apart. Included in the sale are 7 24', 12-passengerpontoon boats, ensuring endless possibilities for recreational fun. Immerse yourself in captivating sunsets and the vibrant atmosphere of the Jersey Shore. Don't let this exceptional investment opportunity slip away - schedule a viewing today! CASH ONLY, AS-IS

    Zillow last checked:

    Listing updated:

    Listed by:

    Rich Baehrle 609-226-6680,

    BHHS Fox & Roach-Northfield

    Bought with:

    Kevin McGonigal, RS367864

    RE/MAX Ready

    Source: Bright MLS,MLS#: NJCM2002858MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Other, Natural Gas
    Appliances
    • Included: Gas Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,346
    • Total interior livable area: 2,346 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    • On waterfront: Yes
    • Waterfront features: Bay
    • Frontage length: Water Frontage Ft: 25
    Lot
    • Size: 2,613 Square Feet
    Details
    • Additional structures: Above Grade
    • Parcel number: NO TAX RECORD
    • Zoning: MVH
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Duplex
    Materials
    • Frame
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1934

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Ocean City
    • Municipality: OCEAN CITY CITY

    Financial & listing details

    • Price per square foot: $554/sqft
    • Tax assessed value: $537,600
    • Annual tax amount: $5,532
    • Date on market: 11/16/2023
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    2/23/2024Sold$1,300,000-18.8%$554/sqft
    Source: Bright MLS #NJCM2002858 Report a problem
    1/16/2024Price change$1,600,000-11.1%$682/sqft
    Source: Bright MLS #NJCM2002858 Report a problem
    11/16/2023Listed for sale$1,799,999+50%$767/sqft
    Source: Bright MLS #NJCM2002858 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    4/25/2017Listing removed$1,200,000$512/sqft
    Source: Owner Report a problem
    1/25/2017Listed for sale$1,200,000+33.5%$512/sqft
    Source: Owner Report a problem
    2/3/2010Listing removed$899,000$383/sqft
    Source: Alliance #349293 Report a problem
    10/14/2009Listed for sale$899,000$383/sqft
    Source: CENTURY 21 Alliance #349293 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 08226

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Ocean City Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,465,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,465,500