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2519 Wesley Ave #2, Ocean City, NJ, 08226

6beds
7baths
2,916sqft
$8,995,000
$3,085price/sqft
$56,367/moest. monthly cost
$2,254,680/yrincome needed

About This Home

The Most Prestigious Home Built on the Goldcoast. This Exquisite Beach Front 2nd Floor Condo offers 6 Bedrooms and 6.5 Bathrooms! Everything you could ask for in this magnificent condo including sweeping Beach and Ocean Views, PRIVATE elevator, IN GROUND pool, HUGE great room with double sliders to Ocean Front porch. The attention to detail shines with wainscoting, arched shiplap ceiling, hardwood floors throughout, wood trim & solid wood doors w/transom windows. Living area w/gas fireplace flanked by built in benches, beautiful custom built in glass breakfront, an extraordinary kitchen offering state of the art appliances, tiled backsplash, under cabinet lighting, Quartz countertops, large center island w/extra seating and spacious dining area. The Primary bedroom is an oasis of its own with vaulted custom ceiling, 2 walk in closets, private porch and en suite with double sinks & custom tiled shower. Three Bedrooms each w/ private bath, custom built in closets and shiplap detail. The main foyer is an inviting entrance with built in bookcases and storage, a stunning cabana sitting area w/ full bathroom, access to covered porch and pool area. Additional attributes include: attached garage, sprinkler system, private entrance, multiple porches, fully enclosed outside shower, fenced yard & pool area. Great rental history, generating over $250,000 in rental income for 2021. Whole Building Available. A Unique Beach Front Home that you will want to call Home! Easy to show.

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
51
BikeBikeable

Schools

6/10
8/10
Ocean City High SchoolGrades 9-122.1 mi
7/10
Ocean City Primary SchoolGrades PK-32.1 mi

Construction

Condition

  • Year built: 2020

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Gas Stove,Microwave,Refrigerator,Self Cleaning Oven,Washer

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Features

  • Cathedral Ceiling(s),Elevator,Fireplace(s),Foyer,Kitchen Island,Master Bath
  • Window features: Blinds
  • Flooring: Hardwood
  • Fireplace features: Built-In,Gas Log
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 2,916
  • Total interior livable area: 2,916 sqft

Property

Accessibility

  • Accessibility features: Elevator

Details

  • Parcel number: 4C2

Features

  • Levels: Two
  • Pool features: Community
  • Patio & porch: Deck/Porch,Patio
  • Has view: Yes
  • View description: Ocean,Water
  • Has water view: Yes
  • Water view: Water,Water View
  • On waterfront: Yes
  • Waterfront features: Beach Block,Ocean Front
  • Frontage type: Oceanfront

Parking

  • Total spaces: 1
  • Parking features: Parking Pad,Attached Garage,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Strong Wind
Hurricane
Inland Flooding
Winter Weather
Heat Wave
Lightning
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 $45,483$545,796
Home Insurance *$1,839$22,068
Property Taxes $8,724$104,688
Electricity $321$3,857
Total$56,367$676,404
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,932,582/yr
40% on housing$1,691,010/yr
45% on housing$1,503,120/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

$3,085This listing

vs Other Active Listings

Avg $/sqft

ZIP 08226$1,002
Cape May County$604

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)

Price History

DateEventPrice
2024-07-16Listed for sale$8,995,000
2024-01-30Pending sale$8,995,000
2021-12-04Listed for sale$8,995,000
2020-09-18Sold$4,750,000

For Sale by Agent

AgentMARK GRIMES
BrokerageBHHS FOX and ROACH-109 34th OC

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