Location, Location, Location!!! This stunning three-story home situated on a large lot in Cape May Point offers mesmerizing Lake Lily views and is just four short blocks away from St. Pete's beach! The home was recently renovated and has a screened in front porch that looks directly out onto the beautiful birds of Lake Lily. The house has three levels with the kitchen, dining room, living room, two bedrooms, full bath and half bath on the lower level. Also, on this level, is a huge deck off the living room. The wet bar and a fireplace in the living room make it ideal for entertaining. The kitchen was recently updated with granite counter tops, has plenty of cabinet space, electric cooktop, electric oven, a microwave/convection oven and a warming drawer. On the second level are two bright bedrooms and a full bathroom. Both bedrooms have large closets and are nicely sized. In addition, there is a third level great room with views of Lake Lily and the historic Cape May lighthouse. This is a rare opportunity in Cape May Point to own a large home with the added bonus of a vacant lot next door for extra privacy. The 192-ft deep property (9600 sq ft) offers plenty of room for additions, garage or a studio and the driveway offers parking for up to five cars.
Sold for $2,085,000
$2,085,000
507 E Lake Dr, Cape May Point, NJ 08212
4beds
2,368sqft
Single Family Residence
Built in 1992
9,600 Square Feet Lot
$2,377,000 Zestimate®
$880/sqft
$4,087 Estimated rent
Home value
$2,377,000
$2.16M - $2.59M
$4,087/mo
Zestimate® history
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List your homeWhat's special
Plenty of cabinet spaceScreened in front porchWet barGranite counter topsHuge deckLarge closetsHalf bath
Zillow last checked:
Listing updated:
Listed by:
Jack - Qizhan Yao 732-727-2280,
REALMART REALTY
Bought with:
Annie Mullock, 1324890
CHRIS CLEMANS SOTHEBY'S INTERNATIONAL REALTY
Source: CMCAOR,MLS#: 231059
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
Rooms
- Room types: Living Room, Dining Room, Den/TV Room, Dining Area, Great Room
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Range, Oven, Self Cleaning Oven, Microwave, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Trash Compactor, Electric Cooktop, Electric Water Heater
- Laundry: Laundry Closet
Features
- Bar, Storage, Eat-in Kitchen
- Flooring: Wood, Carpet, Tile
- Windows: Drapes, Shades, Blinds
- Basement: Crawl Space
- Attic: Storage
- Has fireplace: Yes
- Fireplace features: Fireplace Equipment, Wood Burning
Interior area
- Total structure area: 2,368
- Total interior livable area: 2,368 sqft
Property
Parking
- Total spaces: 4
- Parking features: See Remarks, 4 car parking
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Deck
- Exterior features: Outdoor Shower
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront
Lot
- Size: 9,600 Square Feet
- Dimensions: 9600
Details
- Parcel number: 0300034000000020
- Zoning: Res
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Sewer: City, Public Sewer
- Water: City, Public
Community & HOA
Community
- Security: Smoke Detector(s), Fire Alarm
Location
- Region: Cape May Point
Financial & listing details
- Price per square foot: $880/sqft
- Tax assessed value: $717,600
- Annual tax amount: $5,059
- Date on market: 4/25/2023
- Inclusions: Drapes, Shades, Blinds, Rugs, Fireplace Equipment, Furniture
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2023 | Sold | $2,085,000-5%$880/sqft |
Source:  CMCAOR #231059 Report a problem | ||
| 8/19/2023 | Contingent | $2,195,000$927/sqft |
Source: CMCAOR #231059 Report a problem | ||
| 4/25/2023 | Listed for sale | $2,195,000+237.7%$927/sqft |
Source: CMCAOR #231059 Report a problem | ||
| 2/3/2015 | Sold | $650,000-10.3%$274/sqft |
Source: Public Record Report a problem | ||
| 11/9/2014 | Listed for sale | $725,000$306/sqft |
Source: POINT PROPERTIES REALTY LLC #161004 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,366 | $725,200 |
| 2024 | $5,366 +2.6% | $725,200 +1.1% |
| 2023 | $5,231 +12.7% | $717,600 |
| 2022 | $4,643 +4% | $717,600 |
| 2021 | $4,463 +1.3% | $717,600 |
| 2020 | $4,406 +3.7% | $717,600 |
| 2019 | $4,248 +1% | $717,600 |
| 2018 | $4,205 +2.1% | $717,600 |
| 2017 | $4,119 +1.4% | $717,600 |
| 2016 | $4,062 | $717,600 -12% |
| 2015 | $4,062 -2.2% | $815,600 |
| 2014 | $4,151 +4.7% | $815,600 |
| 2012 | $3,964 +4.7% | $815,600 |
| 2011 | $3,784 -0.2% | $815,600 |
| 2010 | $3,793 +1.2% | $815,600 |
| 2009 | $3,748 +4.1% | $815,600 +72.1% |
| 2008 | $3,601 +1.3% | $473,800 |
| 2007 | $3,554 | $473,800 |
| 2006 | -- | $473,800 |
| 2005 | -- | $473,800 |
| 2004 | $3,317 | $473,800 |
| 2003 | -- | $473,800 |
| 2002 | -- | $473,800 +63.3% |
| 2001 | -- | $290,100 |
Find assessor info on the county website
Neighborhood: 08212
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Nearby schools
GreatSchools rating
- 9/10West Cape May Elementary SchoolGrades: PK-6Distance: 1.5 mi
- 4/10Richard M Teitelman SchoolGrades: 7-8Distance: 4.2 mi
- 5/10Lower Cape May Regional High SchoolGrades: 9-12Distance: 4.2 mi
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Estimated market value
$2,377,000
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
$2,377,000
- New Jersey
- Cape May County
- Cape May Point
- 08212
- 507 E Lake Dr
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