501 Beach Ave #605
Cape May, NJ 08204

1 Bd   1 Ba   380 Sqft
The Marquis de Lafayette is located in the center of town on the beachfront. Every room features relaxing private balconies overlooking the sea with breathtaking unobstructed views of the beautiful Cape May beaches and the Atlantic Ocean. There is exciting news at the Marquis de Lafayette! Improvements include; new pool, new restaurant, new pool bar with street access, new hot tub with waterfall feature, new chef, new amenities all with an elegant feel. All new board members who are actively engaged with their strong management team working towards a rejuvenation with all of the fantastic capital investments over the past two years being fulfilled. Don’t forget the great features that we have always had; center of town location with beautiful white sandy beaches at your doorstep. The Washington Street Mall just two blocks away. You are surrounded by trendy restaurants, bars and shopping with plenty of off street parking. Experience the relaxing resort style amenities; outdoor heated pool, summer pool bar, restaurant, maid service, meeting rooms, fitness room, stunning water view lobbies on the fourth, fifth and sixth floors that all owners and guests can enjoy, wireless internet, laundry room, and none of the maintenance usually associated with property ownership. Your room/suite is operated daily for you as a part of the hotel by your full time staff. This is perfect for a 1031 exchange. There are 9 types of rooms/suites for you to choose from, visit www.MarquisCapeMay.com for more information about the hotel. Investment financing is available through many local lenders. This is a very popular hotel, we recommend making an appointment to see rooms/suites that are currently available for purchase. Please call for detailed information about the income and expenses.
  • Zipcode: 08204
  • Days on Movoto: 201
  • Year Built: 2008
  • HOA: $536/month
  • $/Sqft: $658
  • Lot:
  • Property Type: Condo
  • MLS#: 169734
  • MLS:
  • Listing Office: COASTLINE REALTY, LLC
  • Listing Broker: Carol Menz,GRI,CRS,ABR,SFR
  • Movoto last checked Cape May County for new data 10 hours ago
  • Cape May County last updated this listing 6 months ago

Home Features for 501 Beach Ave #605 , Cape May


Property History for 501 Beach Ave #605, Cape May

Apr 9, 2016
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Real Estate Market Statistics of 501 Beach Avenue #605 , Cape May

Cape May, New Jersey

Total Inventory For Sale

190 Homes

-1% m/m +603% y/y

Median List Price


+2% m/m -42% y/y

Median Days On Market

136 Days

+1% m/m +2% y/y

Median House Size

1,775 Sqft

0% m/m -27% y/y

Median Price Per Square Foot

$334 /Sqft

0% m/m +9% y/y

Median Price

As of , there are 307 properties listed for sale in ZIP code 08204 and 190 properties listed for sale in the city of Cape May, NJ. Those 190 properties include 117 single family homes and 73 condos. This property at 501 Beach Ave #605 in 08204 is currently listed for $250,000. This is 46% below the median price of $460,000 for Cape May and 33% below the median of $374,900 for 08204. 501 Beach Ave #605 is approximately 380 square feet, which is 79% below the Cape May median of 1,775 and 77% below the 08204 ZIP code median of 1,650. This property's price per square foot is $658, which is 194% above the median price in 08204 of $224 and 97% above the Cape May median of $334 per Sqft.

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Built in 2008, this 1-bedroom, 1-bathroom condo house at 501 Beach Ave #605 is approximately 380 square feet and comes with 1 parking spot. It is listed on 04/09/2016 for $250,000 with a cost per Sqft of $658. Homeowners association fees total $536 per month. 501 Beach Ave #605 is located in the Cape May City Board Of Education School District. The closest school is Cape May City Elementary School.

501 Beach Ave #605 has been on the market for 201 days. The median days on the market for properties in this area is 136 with a median list price of $460,000 and median cost per square foot of $334. It's currently listed as active under the MLS #169734.

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