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Sold for $1,546,000
  • $1,546,000

    509 Ocean Ave, Cape May Point, NJ 08212

    3beds
    864sqft
    Single Family Residence
    Built in 1940
    5,000 Square Feet Lot
    $1,649,800 Zestimate®
    $1,789/sqft
    $2,552 Estimated rent

    Home value

    $1,649,800

    $1.47M - $1.85M

    $2,552/mo

    Zestimate® history
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    $9,794/mo

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    What's special

    Sleek stainless-steel hoodGarden cottageOcean avenueCedar picket fenceOff-street parkingLush gardenWooden swing
    This quintessential 1940s Cape May Point cottage, known as The Loon and the Wren, is ideally situated on Ocean Avenue, offering the perfect blend of coastal charm and modern comfort. Surrounded by a lush garden and framed by a classic cedar picket fence, this inviting home beckons you to step inside. As you enter, you'll be greeted by the natural light and welcoming atmosphere of the sunroom—a perfect spot to relax and enjoy views of the front garden, the vibrant colors of the sunset, and the soothing sounds of the ocean. The open plan living and dining room is bright and airy, beautifully updated with a custom-built banquet and table, white board and batten wall paneling, recessed lighting, and sconces. Two cozy bedrooms, both located off the living room, offer comfortable spaces to unwind. One bedroom features a twin bed with a trundle, perfect for extra guests or flexible sleeping arrangements, while the other is furnished with a queen-size bed and includes a convenient closet for your storage needs. Beautiful hardwood floors flow throughout the home, adding character and warmth to every room. The kitchen, a true highlight, features generous cabinet space, designer ceramic tile floors, and a new Wolf gas range with a sleek stainless-steel hood—making meal prep a joy in this stylish space. The bathroom boasts a sleek glass shower, complementing the home's modern yet timeless feel. To the rear of the house, you'll find the master bedroom, which features a queen-sized bed, new closets, and a charming window seat that bathes in natural light. It's the perfect retreat for quiet moments—whether reading a book or watching a movie in peace and privacy. Conveniently located off the kitchen, a laundry room with a stackable Samsung washer and dryer offers extra storage and leads you out to the back garden. Nestled in the backyard, the “Garden Cottage” is a beautifully renovated retreat, completed in 2023. Featuring stunning new airline hangar windows, rich cedar siding, and elegant interior wainscoting. The outdoor shower, also built in 2023, features copper fixtures and is accompanied by a charming vintage sink, adding rustic elegance to the outdoor experience. The backyard offers plenty of space for relaxation, entertainment, and outdoor enjoyment year-round. A charming wooden swing invites both adults and children to unwind, while an outdoor dining area with both outdoor lighting and a freshly laid pea gravel patio creates the perfect setting for al fresco meals. Another cozy seating area at the back of the property provides an ideal spot for gatherings, with ample space for a grill to make summer cookouts a breeze. With off-street parking accommodating up to three vehicles, convenience and ease are guaranteed for both residents and guests. Updates include: painted all exterior and interior surfaces of both structures, recessed lighting throughout the house, new light fixtures throughout, built-in cabinetry in master bedroom and secondary bedroom, wainscoting paneling in the living and dining area, custom built banquet, new gas Wolf range for kitchen, all new landscaping and new sprinkler system installed, outdoor shower & sink, rebuilt back cottage to include new windows, siding and interior wainscoting. This turn-key investment property has been successfully rented for the past two seasons, with revenues of $76K last season. Cape May is under two miles away; easily accessible by bike, car, or golf cart, offering convenient access to dining, shopping, and attractions. With an impressive rental history and a prime location just a block and a half from Stites Beach, this cottage is truly a turnkey investment. Nestled in a private corner of Cape May Point, The Loon and the Wren offers the perfect blend of seclusion, coastal charm, and easy access to everything this iconic island has to offer.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan O'Keefe 609-602-7672,

    HOMESTEAD REAL ESTATE CO. INC.

    Bought with:

    Trisha Kellaway, 2080784

    HOMESTEAD REAL ESTATE CO. INC.

    Source: CMCAOR,MLS#: 250927MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Gas Cooktop, Electric Water Heater
    • Laundry: Laundry Room
    Features
    • Storage, Pantry
    • Flooring: Wood, Tile
    • Windows: Shades, Blinds, Window Treatments
    • Basement: Partial,Interior Entry
    Interior area
    • Total structure area: 864
    • Total interior livable area: 864 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Parking Pad, 3 Car, Stone Driveway
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Patio
    • Exterior features: Outdoor Shower
    • Fencing: Fenced
    Lot
    • Size: 5,000 sqft
    • Dimensions: 50 x 100
    • Features: Interior Lot, Island
    Details
    • Parcel number: 0300019000000014

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage
    • Property subtype: Single Family Residence
    Materials
    • Asbestos, Shingle Siding, Wood Siding
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & neighborhood

    Security
    • Security features: Fire Alarm
    Location
    • Region: Cape May Point

    Price history

    DateEventPrice
    6/10/2025Sold$1,546,000+3.1%$1,789/sqft
    Source: CMCAOR #250927 Report a problem
    4/7/2025Contingent$1,499,999$1,736/sqft
    Source: CMCAOR #250927 Report a problem
    3/31/2025Listed for sale$1,499,999+50.2%$1,736/sqft
    Source: CMCAOR #250927 Report a problem
    9/9/2022Sold$999,000-9.1%$1,156/sqft
    Source: CMCAOR #222193 Report a problem
    8/15/2022Contingent$1,099,000$1,272/sqft
    Source: CMCAOR #222193 Report a problem
    7/27/2022Listed for sale$1,099,000$1,272/sqft
    Source: CMCAOR #222193 Report a problem
    7/18/2022Contingent$1,099,000$1,272/sqft
    Source: CMCAOR #222193 Report a problem
    7/12/2022Listed for sale$1,099,000+105.4%$1,272/sqft
    Source: CMCAOR #222193 Report a problem
    9/12/2013Sold$535,000+29.7%$619/sqft
    Source: Public Record Report a problem
    11/4/2002Sold$412,500$477/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,940 $532,400
    2024$3,940 +1.5%$532,400
    2023$3,881 +13.8%$532,400
    2022$3,410 +4%$532,400 +1%
    2021$3,279 +1.3%$527,100
    2020$3,236 +3.7%$527,100
    2019$3,120 +1%$527,100
    2018$3,089 +2.1%$527,100
    2017$3,026 -8.8%$527,100
    2016$3,318 $527,100 -20.9%
    2015$3,318 -2.2%$666,200
    2014$3,391 +4.7%$666,200
    2012$3,238 +4.7%$666,200
    2011$3,091 -0.2%$666,200
    2010$3,098 +15.9%$666,200
    2009$2,673 +4.1%$666,200 +97.2%
    2008$2,568 +1.3%$337,900
    2007$2,534 $337,900
    2006-- $337,900
    2005-- $337,900
    2004$2,365 $337,900
    2003-- $337,900
    2002-- $337,900 +111.3%
    2001-- $159,900

    Find assessor info on the county website

    Neighborhood: 08212

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,649,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,649,800