501 Beach Avenue 106 $121,000

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    501 Beach Avenue 106 Cape May, NJ 08204

    • 1 Beds
    • 1 Baths
    • 0 sq.ft.
    • Condo
    MLS# 177306 | ACTIVE

    $121,000

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    Days On Market: 487 0 Views
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    Property Details

    PET FRIENDLY ROOM, 501 Beach Avenue is located in the heart of Historic Cape May on the beachfront. Every condo hotel room features relaxing private balconies overlooking the ocean with breath taking unobstructed views of the beautiful Cape May beaches and Atlantic Ocean. Improvements include; new pool, newly updated restaurant, new pool bar with street access, new hot tub with waterfall feature, all with an elegant feel. Board members are actively engaged with their management team working towards a rejuvenation with all of the fantastic capital investments over the past two years being fulfilled and new ones being worked on daily. Experience the relaxing resort style amenities included in your ownership; outdoor heated pool, summer pool bar, restaurant, maid service, meeting rooms, fitness room, wireless internet, laundry room, parking and none of the maintenance usually associated with property ownership. The Washington Street Mall just two blocks away. You are surrounded by trendy restaurants, bars and shopping with plenty of off street parking. Another perk of ownership is that all room owners are members of the condo association. The association assets are the common areas, first floor restaurant with bar, liquor license, pool bar, front desk, first floor lobby, all hallways, meeting room, laundry room, fitness room, 4th, 5th and 6th floor lobby, maids room, maintenance room, 5th floor storage room and 4 parking lots. Individual units owned by your association are the 9 units built in 2009 on the 6th floor currently being rented. Since this property is run as a hotel there is an owner usage policy in place subject to change from time to time. The Marquis de Lafayette is a Condo-Tel, you own it as a condominium, but your condo is managed and operated as a hotel by your board of directors, manger and in-house staff. There is usage policy requiring owners to rent their room as a hotel room. This is an investment property you may use yourself per their usage policy but cannot furnish yourself. This is a very popular hotel, an appointment at least 72 hours in advance is required to see rooms/suites that are currently available for purchase. This is a Cape May Suite with two double beds.

    • General Features
      • Type Condo
      • Sale Rent For Sale
      • Full Baths 1
      • Condo Fee per financ
      • Pet Friendly Owners allowed pets, Renters allowed pets
      • New Construction Y N No
      • Lavs 0
      • Bedrooms 1
      • Financing Available Conventional
      • Bank Owned No
      • Area Cape May
    • Building Features
      • Common Area Features Elevator, Patio, Deck/Porch, Enclosed/Cov. Porch, Cable TV, Outside Shower, Pool
      • Hot Water Gas
      • Cooling Wall Air Conditioning
      • Appliances Included Range, Microwave Oven, Refrigerator
      • Also Included Drapes, Shades, Furniture
      • Unit Location First Floor, Water View, Pool View
      • Rooms 3
      • Other Rooms Living Room, Kitchen
      • Number of Stories One
    • Property Features
      • Lot Number 1,6-7
      • Location Beach Block, Beach Front
      • Water City
      • Sewer City
      • Parking 1 Car, Assigned Parking

    Contact

    Customer Care

    Sales Associate

    BHHS Fox and Roach Corporate Office

    Mobile Phone: 866-486-5636

    Neighborhood

    Market Last 30 Days

    $330,000 Median Sales Price
    37 Homes Sold
    51 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $121,000
        10/30/2018 4:09:20 AM Status Changed Source New Value: ACTIVE
        10/29/2018 10:09:15 AM Status Changed Source New Value: Active
        10/29/2018 10:09:15 AM Price Reduced Source New Value: $121,000 -2.42%
        9/8/2018 4:10:00 AM Status Changed Source New Value: ACTIVE
        9/7/2018 12:10:10 PM Status Changed Source New Value: Active
        9/7/2018 12:10:10 PM Price Reduced Source New Value: $124,000 -0.8%
        7/18/2017 8:47:00 PM New in Database Source New Value: $125,000

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        The data relating to real estate for sale on this website is provided in part by Berkshire Hathaway HomeServices Fox & Roach and the IDX program of the Cape May County Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2018 Cape May County Multiple Listing Service, Inc. and Berkshire Hathaway HomeServices Fox & Roach. All rights reserved.