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

5beds
4baths
2,200sqft
$2,695,000
$1,225price/sqft
$16,508/moest. monthly cost
$660,320/yrincome needed

About This Home

Welcome to one of the most exciting New Construction opportunities at the gateway to Ocean City's world- Renowned Historic District! Expertly Crafted by Robert Coste Builders, this spectacular New Construction development is situated on an oversized 6,000 sq ft. Corner lot and is poised to become a true showpiece. The 2nd fl. residence offers approximately 2,000 sq ft. of beautifully designed living space featuring 5 bedrooms, 3.5 baths, making it the ideal primary home, vacation retreat or investment property. High end finished include timeless natural cedar siding blended with James Hardie siding, Anderson windows, alley access, an extra large 2 car garage, with parking for up to 5 cars total for 2nd fl. Equally impressive, this 2nd fl. is highlighted by soaring cathedral ceilings, exclusive use of a private elevator, an incredible amenity package for beach living!! Perfectly located with walking distance to downtown shopping and dining, the beach and the famous boardwalk, this premier development combines luxury, convenience, and exceptional craftmanship. Best of all, buyers still have time to make personal selections and customize finishes. Opportunities like this are rare in Ocean City- Don't sit back and miss your chance to own one of the areas most anticipated New Construction property!

Getting Around

66
WalkingSomewhat Walkable
0
TransitVery Limited Transit
75
BikeVery Bikeable

Schools

7/10
Ocean City Primary SchoolGrades PK-30.3 mi
6/10
8/10
Ocean City High SchoolGrades 9-120.3 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Construction materials: Brick,Cedar,Concrete

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Bar,Cathedral Ceiling(s),Elevator,Fireplace(s),Kitchen Island,Master Bath,Pets Allowed,Pantry
  • Flooring: Hardwood
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Attic: Storage

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,200
  • Total interior livable area: 2,200 sqft

Property

Accessibility

  • Accessibility features: Elevator

Details

  • Parcel number: 13

Features

  • Levels: Two
  • Stories: 2
  • Waterfront features: Boardwalk Area

Lot

  • Features: Corner Lot

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Strong Wind
Hurricane
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 $13,627$163,524
Home Insurance *$551$6,612
Property Taxes $2,088$25,056
Electricity $242$2,910
Total$16,508$198,096
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$565,988/yr
40% on housing$495,240/yr
45% on housing$440,213/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

$1,225This listing

vs Other Active Listings

Avg $/sqft

ZIP 08226$1,050
Cape May County$613

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
2026-05-30Listed for sale$2,695,000

New Construction

AgentDONNA ANG
BrokerageFOX REAL ESTATE-Brighton

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