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$ 1,499,999
Est. payment /mo
New
509 Ocean Avenue Cape May Point, NJ 08212
3 Beds
1 Bath
864 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 864 sqft
Price per Sqft $1,736
MLS Listing ID 250927
Style Cottage
Bedrooms 3
Full Baths 1
Year Built 1940
Annual Tax Amount $3,940
Tax Year 2024
Lot Dimensions 50X100
Property Sub-Type Single Family
Property Description
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.
Location
State NJ
County Cape May
Area Cape May Point
Location Details Inside Lot,Island
Rooms
Other Rooms Living Room, Dining Area, Pantry, Laundry/Utility Room, Florida Room, 1st Floor Primary Bedroom
Basement Partial, Inside Entrance
Interior
Interior Features Wood Flooring, Smoke/Fire Alarm, Storage, Tile Flooring
Hot Water Electric
Heating Gas Natural, Forced Air
Cooling Central Air Condition
Appliance Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Stove Natural Gas
Exterior
Exterior Feature Patio, Fenced Yard, Outside Shower
Parking Features Parking Pad, 3 Car, Stone Driveway
Building
Lot Description Inside Lot, Island
Sewer City
Water City
Structure Type Asbestos,Shingle,Wood
New Construction No
Listed by HOMESTEAD REAL ESTATE CO. INC.
GET MORE INFORMATION
Micah Yerk
Broker-Salesperson/Managing Broker, Lower Township Office | License ID: 1110889
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