For sale

Price cut: $30K (7/10)

$599,000

540 E Cape May Ave, Ocean Gate, NJ 08740

3beds

1,997sqft

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Single Family Residence

Built in 1911

0.49 Acres Lot

$587,300 Zestimate^®

$300/sqft

$-- HOA

What's special

Oversized detached garageHeated sunroomFlex roomPeaceful setting

Welcome to the charming coastal community of Ocean Gate! This spacious single family home offers 3 bedrooms, 2 bathrooms, a flex room, and a heated sunroom, providing nearly 2,000 square feet of comfortable living space. Set on almost a half acre lot, the property also features an oversized detached garage and an extra long driveway with abundant parking, plus additional parking by the garage. Perfect for seasonal or year round living, this home has great bones and is ready for your personal touches and updates. There is also potential for subdivision—buyers are encouraged to perform their own due diligence with the township regarding this possibility. Enjoy the peaceful setting of this beautiful property while being just a few blocks from the beach and boardwalk area, making it easy to take in all the coastal charm Ocean Gate has to offer. Come explore the possibilities and experience the lifestyle this wonderful community provides.

61 days

599

13

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 1

Heating

Baseboard, Natural Gas

Cooling

None

Appliances

Included: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Cooktop, Washer, Water Heater, Gas Water Heater

Features

Attic, Ceiling Fan(s), Crown Molding, Dining Area, Formal/Separate Dining Room, Eat-in Kitchen
Windows: Bay/Bow
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,997
Total interior livable area: 1,997 sqft
Finished area above ground: 1,997

Property

Parking

Total spaces: 7
Parking features: Storage, Garage Door Opener, Oversized, Concrete, Detached, Driveway
Garage spaces: 1
Uncovered spaces: 6

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: Patio
Pool features: None
Waterfront features: River
Body of water: Toms River And Barnegat Bay

Lot

Size: 0.49 Acres
Features: Middle Of Block

Details

Additional structures: Above Grade
Parcel number: 220006100007
Zoning: R
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Colonial
Property subtype: Single Family Residence

Materials

Frame
Foundation: Crawl Space
Roof: Asphalt

Condition

New construction: No
Year built: 1911
Major remodel year: 1982

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None Available

HOA

Has HOA: No

Location

Region: Ocean Gate
Municipality: OCEAN GATE BORO

Financial & listing details

Price per square foot: $300/sqft
Tax assessed value: $472,100
Annual tax amount: $8,596
Date on market: 5/14/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA,VA Loan
Inclusions: Washer, Dryer, Refrigerator, Stove, Microwave, Dishwasher, Light Fixures, Ceiling Fans, Window Coverings, Garage Door Opener
Exclusions: Personal Belongings
Ownership: Fee Simple

Estimated market value

$587,300

$558,000 - $617,000

$3,332/mo

Price history

Date	Event	Price
7/10/2026	Price change	$569,000-5%$285/sqft
Source: MoreMLS #22614182 Report a problem
5/14/2026	Listed for sale	$599,000$300/sqft
Source: MoreMLS #22614182 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2023	$6,997 +4.5%	$251,600
2022	$6,698	$251,600
2021	$6,698 +1.7%	$251,600
2020	$6,587 +3.6%	$251,600
2019	$6,358 +0.8%	$251,600
2018	$6,310 +0.8%	$251,600
2017	$6,260 -3.6%	$251,600
2016	$6,491 +13.8%	$251,600 -21%
2015	$5,703 +1.3%	$318,500 +14.3%
2014	$5,628 -6.5%	$278,600 -12.5%
2012	$6,021 +1.3%	$318,500
2011	$5,945 +3.2%	$318,500
2010	$5,763 -0.7%	$318,500
2009	$5,805 +0.9%	$318,500
2008	$5,751	$318,500
2007	--	$318,500
2006	$4,487	$318,500 +148.4%
2004	--	$128,200 +9.6%
2003	--	$117,000
2002	--	$117,000
2001	--	$117,000

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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