Active

341 E Oak Avenue

Wildwood NJ, 08260

$7,500,000


$250.00 per sqft

Active

30,000 sqft

Commercial

Bring a developer's dream to life! This extraordinary opportunity awaits you to create a breathtaking oasis of 51 ocean view condos just steps to the beach. The vision promises a lifestyle that merges luxurious modern design, panoramic vistas, and the mesmerizing allure of the sea. The land is currently a functioning parking lot that measures 150' x 200' totaling 30,000 sq ft. But imagine 51 impeccably designed condos adorned with private balconies that capture enchanting ocean panorama. 30 of the units will offer two bedrooms with en suite baths, powder room and laundry room while the other 21 include 3 and 4 bedrooms with en suite baths, powder room and laundry room. The architecture embraces a contemporary and elegant aesthetic, complimentary to the coastal charm of Wildwood. This visionary development includes two elevators and two levels of parking, thoughtfully designed to accommodate 3 parking spots per each smaller unit and 4 parking spots per each larger unit. The abundance of parking ensures that residents and their guests can easily access their vehicles, making coastal adventures and day-to-day routines a breeze. You can even hit the gym or take laps in the rooftop pool while watching the sunset on the horizon! Seize the opportunity to team up with an experienced developer to make your mark on the coastline, and create an enclave of luxurious ocean view condos that will captivate hearts and stand the test of time. Development plans available. Asking price includes plans with local approvals and state/CAFRA approvals. Additionally, the Seller will hold a 50-year ground lease for parking.

232080

MLS ID

August 7, 2023

Listed

November 1, 2023

Updated

Map

341 E Oak Avenue
Wildwood NJ, 08260

Interior Features

Total Stories

0


Fireplace

No


Cooling

Yes


Cooling Description

Other (See Remarks)


Heating

Yes


Heating Description

No Heating

Exterior/Building Features

Architectual Style

0


Sewer

Other

Other Property Details

Taxes

$34,369


Tax Frequency

Annually


Garage

No


Parking

No


View

No


County

Cape May County


Water Source

Other


Pool

No

Listing History

Date

Event

Price

10/31/2023

Price Change

$7,500,000

50%

 

Courtesy of eXp REALTY, Hader Rivas

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Steve Soldatovic shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2023 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 12:26 PM UTC 11/1/2023

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