1527-1529 Yacht Ave

$1,990,500, 1 Bed

About This Property

One Of A Kind Prime waterfront property in Cape May's Inter-Coastal Waterway...Property has 90 feet of frontage on Yacht Avenue, a street where the average width is no more than half that...Brand new bulkhead and floating docks with room for 4 boat slips...Riparian rights come with half of the property and the other half has a riparian lease. Currently a 2 bedroom house with large attached storage building exists on the site. DEP approval has been received to demolish the existing building and an allowable building footprint has been established. Current zoning allows single family, two-family detached or single family attached uses, along with the dock use. One of the few properties on Yacht Avenue able to offer off-street parking. This is a unique opportunity for anyone with aquamarine blood running in their veins. Lot 20 is 45 x75 (including Property has one lot that is 45' x 75" (including a 34" deep riparian grant) and the other lot is 45' x 41' +/- with a 34' deep riparian lease). New construction would be subject to City Zoning Codes. Current on site parking for 6 cars

Essential Information

MLS® #187632
Price$1,990,500
Bedrooms1
TypeLots/Land
Sub-TypeVacant Lot
StatusACTIVE

Community Information

Address1527-1529 Yacht Ave
AreaCape May
CityCape May
StateNew Jersey

Amenities

Is WaterfrontYes
WaterfrontWater Front

Additional Information

Date ListedMay 7th, 2019
Days on Market135
ZoningR-5

Listing Details

Office

Coldwell Banker Sol Needles Real Estate

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1159 Washington Street PO Box 552
Cape May, NJ
08204

Office: 609.884.3332

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