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Sold for $810,000
  • $810,000

    523 Lafayette St #2, Cape May, NJ 08204

    2beds
    925sqft
    Condominium
    Built in 1930
    -- sqft lot
    $823,100 Zestimate®
    $876/sqft
    $2,384 Estimated rent

    Home value

    $823,100

    $749,000 - $905,000

    $2,384/mo

    Zestimate® history
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    What's special

    Sunny galley kitchenRooftop deckBeautifully renovated bathroomNewer full hvac systemGleaming hardwood floorsRefinished hardwood floorsOutdoor shower
    Welcome to 523 Lafayette Street, Unit 2. With an unbeatable location in the heart of Cape May, this charming 2-story condominium with a private rooftop deck and outdoor shower offers everything you could want in a beach retreat, year-round residence, or proven vacation rental. This condo features 2-bedrooms and 1 full bathroom, and off street parking for 2 cars. Just 3 blocks to some of the finest beaches on the East Coast and only steps from the Washington Street Mall, you’ll be surrounded by world-class dining, boutique shopping, and endless entertainment, including Cape May Stage. Rotary Park, home to free summer concerts and Cape May’s famous Christmas tree, is also just down the street. Unit #2 is located on the second and third floors of a classic Cape May Victorian building. Outdoor stairs lead to a welcoming entry foyer and gleaming hardwood floors that flow throughout. The main level includes the Primary bedroom, beautifully renovated bathroom, laundry area, sunny galley kitchen with quartz counters, and a bright living/dining area. The Upper level finds a spacious second bedroom with both queen and twin beds, plus your own private rooftop deck—the perfect spot for morning coffee, afternoon sun, or evening cocktails at sunset. Parking is never a concern here—this home comes with two off-street, reserved stacked parking spots so you’ll never have to “feed the meters.” Recent Upgrades include New sectional living room sofa, New queen and twin beds, Newer full HVAC system (furnace & compressor), Newer natural gas tankless water heater, Quartz countertops, Refinished hardwood floors, Fresh paint throughout (entire building repainted in 2022), Deck recently sealed. Investment Opportunity: This well-maintained Victorian holds just three units (one commercial, two residential) and unit 2 has a low annual condo fee of $2,000. A strong rental history: Averaging $50,000–$70,000 per year since 2018, Airbnb ranks this condo among the top-performing rentals in Cape May, averaging $799 per night in high season. Do not miss this opportunity to own a turn-key property in the heart of Cape May, with historic charm, modern updates, off street parking for two cars, and a rooftop deck all just steps from the beach and Washington Street Mall. Add this special property to your must-see list! Home is offered fully furnished, less artwork. Just bring your suitcase and enjoy Cape May! Property can be shown after 11 am on August 24 and August 31. Showings in September: 2-4; 7-10; 14-19; 21-26; 28-30.

    Zillow last checked:

    Listing updated:

    Listed by:

    Laurie Schiffelbein 609-408-2021,

    Tim Kerr Sotheby's International Realty

    Bought with:

    Non-Member Non-Member

    Non Member

    Source: CMCAOR,MLS#: 252459MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Gas Water Heater
    • Laundry: Laundry Room
    Features
    • Entrance Foyer
    • Flooring: Hardwood
    • Windows: Curtains, Blinds
    • Furnished: Yes
    • Common walls with other units/homes: No One Above
    Interior area
    • Total interior livable area: 925 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: 2 Car, Assigned
    Features
    • Levels: Two
    • Entry location: Top Floor
    Lot
    • Features: Corner Lot
    Details
    • Parcel number: 02010530000000110000C2

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & neighborhood

    Community
    • Community features: Other
    Location
    • Region: Cape May

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $2,000 annually

    Other

    Other facts
    • Available date: 08/22/2025

    Price history

    DateEventPrice
    11/20/2025Sold$810,000-10%$876/sqft
    Source: CMCAOR #252459 Report a problem
    9/15/2025Contingent$900,000$973/sqft
    Source: CMCAOR #252459 Report a problem
    8/22/2025Listed for sale$900,000+13.2%$973/sqft
    Source: CMCAOR #252459 Report a problem
    3/15/2024Listing removed--
    Source: CMCAOR #233122 Report a problem
    2/4/2024Price change$795,000-3.6%$859/sqft
    Source: CMCAOR #233122 Report a problem
    1/12/2024Price change$825,000-5.7%$892/sqft
    Source: CMCAOR #233122 Report a problem
    11/17/2023Listed for sale$875,000+59.4%$946/sqft
    Source: CMCAOR #233122 Report a problem
    2/20/2021Listing removed--
    Source: Owner Report a problem
    7/23/2020Listing removed$549,000$594/sqft
    Source: Owner Report a problem
    7/22/2020Pending sale$549,000$594/sqft
    Source: Owner Report a problem
    6/25/2020Listed for sale$549,000+57.3%$594/sqft
    Source: Owner Report a problem
    11/30/2017Sold$349,000-6.9%$377/sqft
    Source: Public Record Report a problem
    9/21/2017Pending sale$375,000$405/sqft
    Source: Chris Clemans Sotheby's International Realty #177373 Report a problem
    7/25/2017Listed for sale$375,000+70.5%$405/sqft
    Source: CHRIS CLEMANS SOTHEBY'S INTERNATIONAL REALTY #177373 Report a problem
    12/12/2002Sold$220,000$238/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,229 $305,500
    2024$3,229 -1.6%$305,500
    2023$3,281 +5.5%$305,500
    2022$3,110 +4.9%$305,500
    2021$2,963 -1.7%$305,500
    2020$3,015 +6%$305,500
    2019$2,844 +5.3%$305,500
    2018$2,701 +6.3%$305,500
    2017$2,542 -3.8%$305,500
    2016$2,643 $305,500
    2015$2,643 +3.2%$305,500
    2014$2,560 +6.9%$305,500
    2012$2,395 +5.9%$305,500
    2011$2,261 +10.5%$305,500
    2010$2,045 +2.4%$305,500 +27.4%
    2009$1,998 +8.2%$239,800
    2008$1,846 $239,800
    2007$1,846 $239,800
    2006-- $239,800
    2005-- $239,800
    2004$1,822 $239,800

    Find assessor info on the county website

    Neighborhood: 08204

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $823,100
    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
    $823,100