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4301 Central Ave Floor 1, Ocean City, NJ, 08226

5beds
4baths
2,148sqft
$2,950,000
$1,373price/sqft
$18,041/moest. monthly cost
$721,640/yrincome needed

About This Home

Oceanfront Southend location • 5 bedrooms • Covered private decks • Ocean view primary suite • No HOA • Fully furnished • Proven rental income Wake up to the sound of the ocean and enjoy coastal living from this first-floor oceanfront condo at 4301 Central Ave in Ocean City’s sought-after Southend. Positioned on the corner of 43rd Street and Central Avenue, this spacious 5-bedroom, 3.5-bath residence combines the comfort of a large shore home with the flexibility of a proven income-producing property. Multiple covered private decks create inviting outdoor spaces for morning coffee, afternoon shade, or evenings spent enjoying the ocean breeze, while the private balcony off the primary suite captures water views and adds a quiet retreat away from the main living areas. Inside, approximately 2,148 sq ft of living space offers room for gathering, entertaining, and accommodating guests throughout the season. The main living area centers around a gas fireplace and flows into an eat-in kitchen with center island and adjacent dining area, creating an open, functional layout designed for shore living. Interior finishes include vinyl plank flooring, tile, and wall-to-wall carpet, along with a walk-in closet and fully furnished interiors that allow for immediate enjoyment from day one. Additional exterior features include an outdoor shower, storage space for beach gear, a 1.5-car attached garage, and two assigned parking spaces. The co-ownership structure carries no monthly association fee, an increasingly rare advantage for an oceanfront property in Ocean City. Located directly along the beach in Cape May County, this Southend location places you close to some of Ocean City’s most desirable stretches of shoreline while offering strong rental appeal. Weekly summer rentals are already in place, with historical annual rental income averaging approximately $110,000–$120,000, making this an exceptional opportunity for both personal enjoyment and investment potential.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

6/10
8/10
Ocean City High SchoolGrades 9-124.0 mi
7/10
Ocean City Primary SchoolGrades PK-34.0 mi

Construction

Condition

  • Year built: 1990

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Self Cleaning Oven,Microwave,Refrigerator,Washer,Dryer,Dishwasher,Disposal,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • Partial bathrooms: 1

Features

  • Window features: Blinds
  • Fireplace: Yes
  • Common walls with other units/homes: No One Below

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Fireplace(s)
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total interior livable area: 2,148 sqft

Property

Features

  • Levels: One
  • Entry location: First Floor
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water View
  • On waterfront: Yes
  • Waterfront features: Beach Front,Waterfront

Lot

  • Features: Corner Lot,Island

Parking

  • Total spaces: 3
  • Parking features: Garage Door Opener,Garage,Parking Pad,3 Car,Attached,Assigned,Concrete
  • Has garage: Yes
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hurricane
    HurricaneModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Strong Wind
Hurricane
Wildfire
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $14,916$178,992
Home Insurance *$603$7,236
Property Taxes $2,286$27,432
Electricity $236$2,841
Total$18,041$216,492
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$618,548/yr
40% on housing$541,230/yr
45% on housing$481,093/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,373This listing

vs Other Active Listings

Avg $/sqft

ZIP 08226$1,046
Cape May County$612

vs Homes Sold Last Month

Median $/sqft

ZIP 08226$905
Cape May County$460

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-08Listed for sale$2,999,000
2018-03-23Sold$1,200,000

For Sale by Agent

AgentBrian Logue, BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson, Deborah P. McCabe, BERKSHIRE HATHAWAY HS FOX & ROACH sic
BrokerageBERKSHIRE HATHAWAY HS FOX & ROACH - Simpson

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