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Coastal Marketing Group - RE/MAX Surfside - Cape May New Jersey

501 Beach Avenue, unit 508, Unit Numbers 508, Cape May

SOLD | $115,000 | 12/07/18

Description

This room is on the fifth floor west corner and has amazing views. This is a Cape May Suite with two double beds, kitchenette, living room with pull out sofa and ocean facing deck. The fifth floor has a large lobby for relaxing and enjoying both sunrise and sunset views from this area. 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.

Features

  • Living Room

  • Range

  • Microwave Oven

  • Refrigerator

  • Smoke/Fire Detector

  • Heat Fuel:Forced Air

  • Heat Fuel:Space/Wall/Floor

  • Water Heater:Gas

  • 1 Car

  • Assigned Parking

  • Cooling:Ceiling Fan

  • Cooling:Wall Air Conditioning

  • City

Location

 

Let the COASTAL MARKETING GROUP be your buyer for this listing. LISTING IS PROVIDED BY COASTLINE REALTY, LLC. 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.

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