#241594, Edward Connolly, Listing Office: COASTLINE REALTY, LLC
509 Ocean Ave Cape May Point, NJ 08212
Property details
About 509 Ocean Ave
This quintessential 1940s Cape May Point cottage, known as The Loon and the Wren, is ideally situated on Ocean Avenue, offering the perfect blend of coastal charm and modern comfort. Surrounded by a lush garden and framed by a classic cedar picket fence, this inviting home beckons you to step inside. As you enter, you'll be greeted by the natural light and welcoming atmosphere of the sunroom—a perfect spot to relax and enjoy views of the front garden, the vibrant colors of the sunset, and the soothing sounds of the ocean. The open plan living and dining room is bright and airy, beautifully updated with a custom-built banquet and table, white board and batten wall paneling, recessed lighting, and sconces. Two cozy bedrooms, both located off the living room, offer comfortable spaces to unwind. One bedroom features a twin bed with a trundle, perfect for extra guests or flexible sleeping arrangements, while the other is furnished with a queen-size bed and includes a convenient closet for your storage needs. Beautiful hardwood floors flow throughout the home, adding character and warmth to every room. The kitchen, a true highlight, features generous cabinet space, designer ceramic tile floors, and a new Wolf gas range with a sleek stainless-steel hood—making meal prep a joy in this stylish space. The bathroom boasts a sleek glass shower, complementing the home's modern yet timeless feel. To the rear of the house, you'll find the master bedroom, which features a queen-sized bed, new closets, and a charming window seat that bathes in natural light. It's the perfect retreat for quiet moments—whether reading a book or watching a movie in peace and privacy. Conveniently located off the kitchen, a laundry room with a stackable Samsung washer and dryer offers extra storage and leads you out to the back garden. Nestled in the backyard, the “Garden Cottage” is a beautifully renovated retreat, completed in 2023. Featuring stunning new airline hangar windows, rich cedar siding, and elegant interior wainscoting. The outdoor shower, also built in 2023, features copper fixtures and is accompanied by a charming vintage sink, adding rustic elegance to the outdoor experience. The backyard offers plenty of space for relaxation, entertainment, and outdoor enjoyment year-round. A charming wooden swing invites both adults and children to unwind, while an outdoor dining area with both outdoor lighting and a freshly laid pea gravel patio creates the perfect setting for al fresco meals. Another cozy seating area at the back of the property provides an ideal spot for gatherings, with ample space for a grill to make summer cookouts a breeze. With off-street parking accommodating up to three vehicles, convenience and ease are guaranteed for both residents and guests. Updates include: painted all exterior and interior surfaces of both structures, recessed lighting throughout the house, new light fixtures throughout, built-in cabinetry in master bedroom and secondary bedroom, wainscoting paneling in the living and dining area, custom built banquet, new gas Wolf range for kitchen, all new landscaping and new sprinkler system installed, outdoor shower & sink, rebuilt back cottage to include new windows, siding and interior wainscoting. This turn-key investment property has been successfully rented for the past two seasons, with revenues of $76K last season. Cape May is under two miles away; easily accessible by bike, car, or golf cart, offering convenient access to dining, shopping, and attractions. With an impressive rental history and a prime location just a block and a half from Stites Beach, this cottage is truly a turnkey investment. Nestled in a private corner of Cape May Point, The Loon and the Wren offers the perfect blend of seclusion, coastal charm, and easy access to everything this iconic island has to offer.
Highlights
(UNDER CONTRACT)
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Dryer, Refrigerator, Gas Cooktop, Oven, Washer, Electric Water Heater, Disposal
- Basement: Yes
- Flooring Type: Tile, Wood
- Interior: Pantry
- Total Bedroom Count: 3
- Garage Space: 3 spaces
- Exterior: Patio, Fence
- Architectural Style: Cottage
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $1,499,999
- Price/SqFt: $1,736
- Annual Tax Amount: $3,881
- Tax Year: 2024
- Year Built: 1940
- Living Area: 864 SqFt
- MLS Number: 250927
- MLS Name: CapeMayCounty
- Office Name: HOMESTEAD REAL ESTATE CO. INC.
- Office Phone: (609) 884-1888
- Listing Agent: Ryan OKeefe
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.
Copyright © 2025 Cape May County Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2025, 4:15:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,499,999
509 Ocean Ave
$10,000
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Price information
Property sales
Date | Event | Price |
---|---|---|
Sep 13, 2022 | Home Sold | $999,000 |
Sep 12, 2013 | Home Sold | $535,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $532,400 | $3,881 |
2022 | $532,400 | $3,410 |
2021 | $527,100 | $3,410 |
History based on county public records data.
Nearby schools
7
West Cape May Elementary School
Public District PK-6
1.7 mi
•301 Moore St
8
Cape May City Elementary School
Public District PK-6
2.6 mi
•921 Lafayette St
4
Maud Abrams School
Public District 3-4
3.2 mi
•714 Town Bank 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 $55,313. Typical income of Cape May Point, NJ residents is between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 509 Ocean Ave
The listing price of 509 Ocean Ave property is $1,499,999.
The property 509 Ocean Ave is a house located in Cape May Point, New Jersey, 08212.
Accepting Backup Offers: 509 Ocean Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 509 Ocean Ave are: West Cape May Elementary School (GreatSchools Rating 7/10), Cape May City Elementary School (GreatSchools Rating 8/10), Maud Abrams School (GreatSchools Rating 4/10), Richard M. Teitelman Middle School (GreatSchools Rating 3/10), Crest Memorial School (GreatSchools Rating 3/10), Wildwood Middle School (GreatSchools Rating 2/10), Lower Cape May Regional High School (GreatSchools Rating 4/10), Wildwood High School (GreatSchools Rating 2/10), Middle Township High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $3,881 (source: MLS/based on county public records data).
The last sale was on September 13, 2022 for $999,000 (source: MLS/tax record).
The property at 509 Ocean Ave has 3 bedrooms and 1 bathroom.
The property 509 Ocean Ave is 864 SqFt (source: MLS/tax record).
The year of construction for 509 Ocean Ave is 1940.
This home is located at 509 Ocean Ave in Cape May Point, NJ and zip code 08212. This 864 square foot home was built in 1940. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 31, 2025 and is currently priced at $1,499,999.