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$ 387,500
Est. payment | /mo
1 Bed
1 Bath
$ 387,500
Est. payment | /mo
1 Bed
1 Bath
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 613398
Bedrooms 1
Full Baths 1
HOA Fees $295/mo
Annual Tax Amount $2,365
Tax Year 2025
Property Sub-Type Condo
Property Description
PRICELESS OCEAN AND BOARDWALK VIEWS AT AN EXCEPTIONAL PRICE! Welcome to Unit 507 at the desirable Mali Kai Condominiums, where spectacular ocean, boardwalk, and city views await! Located on the top floor of this elevator-serviced building, this beautifully updated condominium offers the perfect opportunity to own your very own piece of the Jersey Shore! With a proven rental history generating approximately $22,000 this season (with owner use), this property offers an exceptional opportunity to enjoy the Shore while benefiting from an established income-producing investment! Step inside to discover a bright, inviting open-concept living space featuring beautiful wood-grain laminate flooring, a spacious living room with comfortable sectional seating with sleeper, and an abundance of custom built-in cabinetry providing exceptional storage. The beautifully updated kitchen features white shaker-style cabinetry, granite countertops, a stylish tile backsplash, stainless steel appliances, and a spacious center island with seating for four—perfect for casual dining. Tasteful coastal décor, neutral colors, and thoughtful updates throughout create a welcoming Shore retreat. The generously sized bedroom offers a queen bed along with built-in triple bunk beds, providing flexible sleeping accommodations for family and guests. Additional highlights include a full bathroom, gas forced-air heating, and central air conditioning for year-round comfort. But the real showstopper is the fifth-floor balcony! Relax with your morning coffee or evening cocktail while taking in the incredible views of the Atlantic Ocean, the iconic Wildwood Boardwalk, and the surrounding city skyline. During the summer season, enjoy a front-row seat to the spectacular Friday night fireworks! Unlike many converted properties, the Mali Kai was originally constructed as a condominium building and offers an impressive collection of amenities, including a heated swimming pool, spacious sundeck, elevator, on-site laundry facilities, gas BBQ grills, off-street parking, and professional management. The association is also pet-friendly! This condominium is being sold furnished, including appliances and electronics, with the exception of personal items, making it easy to begin enjoying your Shore getaway immediately. With an established rental history of approximately $22,000 this season (with owner use) and a turnkey furnished interior, this property presents an attractive opportunity for buyers seeking both personal enjoyment and rental income. The monthly condominium fee of $295 includes water, sewer, cable television, wifi, and exterior insurance. A current quarterly assessment of $300 is in place for exterior improvements and reserve funding. Whether you're searching for your own vacation retreat, an income-producing investment, or a little bit of both, Unit 507 at the Mali Kai offers the perfect combination of location, amenities, established rental history, and those PRICELESS Shore views! Schedule your private showing today!
Location
State NJ
County Cape May
Community North Wildwood
Area North Wildwood
Location Details Beach Block,Boardwalk Area,Water View
Rooms
Other Rooms Dining Area, Eat In Kitchen
Interior
Heating Forced Air, Gas-Natural
Exterior
Exterior Feature Masonry/Block, Steel, Stucco
Parking Features None
Building
Story Three to Five
Unit Location See Remarks,Top Floor,Water View
Sewer Public Sewer
Water Public Water
Others
Senior Community No
Listed by CABRERA COASTAL REAL ESTATE
Nearby Locations
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12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA