#590176, Listing Office: eXp Realty - Ocean City O382L
Property details
About 1116 Ocean Ave
The perfect luxury beach property awaits with this newly custom built three unit property. The close proximity to the beach and boardwalk along with ocean breezes and a glimpse of the ocean from the 3rd floor unit makes this the perfect investment property. Each unit has a separate formal entrance and an entrance through the garage. Private staircases and elevators will take you to the upper floors. The upscale kitchens offers Pearl Glazed shaker cabinets with Hazel shaker island cabinets, Calcatta Laza quartz countertops, GE Cafe Series stainless steel appliances, and 33" farm sink with matte black fixtures. Other features of the vacation condo include matte black finishes throughout, easy to care for water resistant LVP flooring, and washer/dryer in each unit. Three separate condos, 1st floor offers 3 bed/2 bath; 2nd floor and 3rdfloor units offer 6 bed/5 bath layout making sure there is plenty of space for family and guests.
Highlights
Home typeTriplex
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air, Gas
Year builtNew Const., 2024
ParkingThree or More Cars
MLS #590175
Garage3 spaces
WaterfrontWater View
ViewWater, Ocean
Summary
- MLS Number: 590175
- Office Name: eXp Realty - Ocean City O382L
- Office Phone: (609) 513-1126
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2025 SJSR MLS. All rights reserved.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,750,000
1116 Ocean Ave
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 09, 2023 | Home Sold | $210,000 |
| Feb 10, 2023 | Home Sold | $999,999 |
| Nov 22, 2016 | Home Sold | $990,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $797,800 | $8,544 |
| 2022 | $797,800 | $8,017 |
| 2021 | $797,800 | $8,017 |
| 2020 | $797,800 | $7,802 |
| 2019 | $746,300 | $7,149 |
History based on county public records data.
Nearby schools
5
Ocean City Primary School
Public District PK-3
0.7 mi
•550 West Ave
2
Dawes Avenue Elementary School
Public District KG-3
3.5 mi
•22 W Dawes Ave
5
Upper Township Elementary School
Public District 3-5
3.7 mi
•50 N Old Tuckahoe Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $73,239. Typical income of Ocean City, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
20%
<35k
43%
35k-100k
29%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
8%
Single, with Kids
21%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
4%
12-17 yrs old
18%
18-34 yrs old
47%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Hiking/backpacking
Where do the neighbors shop?
Stein Mart
Chico's
Nordstrom Rack
Where do the neighbors go to eat?
Bonefish Grill
Bob Evans
Chipotle
What do the neighbors drive?
Lincoln
Oldsmobile
Mazda
What do the neighbors listen to?
Classical
News
Rock
All data provided by Home Junction and Claritas
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This home is located at 1116 Ocean Ave in Ocean City, NJ and zip code 08226. Features: 0 bathroom. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $5,750,000.
While more than 9 listings in Ocean City, NJ in January 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 36 were sold below. The inventory of homes for sale in Ocean City, NJ between December and January 2025 increased by 16.4%. In January 2025 median list price was $959,733 and the average listing age was 71 days.
From Rocket Homes Real Estate and based on county public records data.