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MLS#: 177552
Property Condo/Townhouse
Price: $115,000.00
Location: 501 Beach Avenue, Unit 400
City: Cape May
State: NJ
Bedrooms: 1
Bathrooms: 1
Lot Size: One
YearBuild:
Taxes: $1,576.00()
       
       
       
    

501 Beach Avenue, Unit 400 Cape May, NJ      Virtual Tour 177552 Add to List

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. Grand Marquis Suite with water views and ocean facing deck.    
      
      
      
      
      

LOCATION
      Beach Block
      Beach Front
      Island

UNIT LOCATION
      Water View
      Pool View

OTHER ROOMS
      Living Room
      Kitchen

FLOORING
      Wall To Wall Carpet

INTERIOR FEATURES
      Elevator

OUTSIDE FEATURES
      Patio

COMMON AREA FEATURES
      Deck/Porch
      Enclosed/Cov. Porch

OUTSIDE FEATURES
      Cable TV
      Outside Shower
      Pool

APPLIANCES INCLUDED
      Range
      Microwave Oven
      Refrigerator
      Smoke/Fire Detector

HEATING
      Gas Natural
      Forced Air

SHOWING INFORMATION
      Appointment Only

WATER
      City
      City

COOLING
      Central Air
      Ceiling Fan
      Gas

PARKING/GARAGE
      1 Car
      Assigned Parking

FINANCING AVAILABLE
      Conventional

LOCATION
      Water Front

UNIT LOCATION
      Water View

SEASONAL/YEAR ROUND
      YEAR ROUND USAGE
Let Coastline Realty, LLC be your buyer agent for this listing. Listing is provided by COASTLINE REALTY, LLC and Cape May County MLS. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.