716 Gorham Ave, Cape May, NJ, 08204
About This Home
Welcome to this beautifully updated 2-bedroom, 1-bath ranch home tucked within one of North Cape May’s most desirable bay area communities! Whether you're searching for a year-round residence, the perfect shore getaway, or a lucrative Airbnb investment, this charming property offers endless possibilities. Step inside to find a spacious living room, formal dining room, and a large kitchen with plenty of room for cooking and entertaining. Two generously sized bedrooms and a full bathroom provide comfortable living, while the designated laundry area adds everyday convenience. The backyard is designed for relaxation and fun, featuring a lovely sitting deck, a large and beautifully maintained above-ground pool, a hot tub, and a storage shed. It's the perfect space to unwind after a day at the beach or entertain family and friends all summer long. Located just minutes from everything Cape May County has to offer. This move-in-ready home is a rare opportunity and won't last long! Schedule a showing today!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1962
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 990
- Total interior livable area: 990 sqft
Property
Details
- Parcel number: 0500689000000014
Lot
- Lot size: 7,749 sqft
- Lot size dimensions: 7,749
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
- Strong Wind
- Hurricane
- Heat Wave
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,982 | $35,784 |
| Home Insurance * | $175 | $2,100 |
| Property Taxes | $948 | $11,376 |
| Electricity | $193 | $2,318 |
| Total | $4,298 | $51,576 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-14 | Price change | $589,900 |
| 2026-06-14 | Listed for sale | $599,999 |
| 2025-07-31 | Sold | $330,000 |
| 2025-06-28 | Contingent | $410,000 |
| 2025-06-28 | Pending sale | $410,000 |
| 2025-06-02 | Price change | $410,000 |
| 2025-05-28 | Price change | $459,900 |
| 2025-05-13 | Price change | $459,000 |
| 2025-04-24 | Price change | $498,500 |
| 2025-04-14 | Price change | $479,900 |
| 2025-02-10 | Listed for sale | $498,500 |
| 2017-12-06 | Sold | $202,000 |
| 2017-10-16 | Pending sale | $211,000 |
| 2017-08-15 | Price change | $211,000 |
| 2017-07-27 | Listed for sale | $212,000 |
| 2015-06-16 | Listing removed | $210,000 |
| 2015-02-16 | Listed for sale | $210,000 |
View on Zillow