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$ 495,000
Est. payment /mo
New
5201 Ocean Avenue Wildwood, NJ 08260
2 Beds
1 Bath
940 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 940 sqft
Price per Sqft $526
MLS Listing ID 262157
Bedrooms 2
Full Baths 1
Condo Fees $603/mo
Year Built 1971
Annual Tax Amount $5,563
Tax Year 2025
Property Sub-Type Condo
Property Description
Experience oceanfront living at Ocean Towers in Wildwood Crest! This beautifully maintained first-floor beachfront condo offers direct access to the beach, oceanfront pool, and spacious sundeck, making it the perfect shore retreat or investment property. Enjoy all that Wildwood Crest has to offer while being just a short drive or bike ride from the famous Wildwood Boardwalk, restaurants, dining, and entertainment. This year-round unit is ideal as a personal getaway, full-time residence, or vacation rental. Excellent investment opportunity! The property generated approximately $30,000 in gross rental income in 2025 and is on pace to generate approximately $38,000 in gross rental income for 2026, with the season still underway. Even better, there are already three confirmed bookings for 2027 totaling approximately $7,500 in gross rental income, providing immediate future income for the next owner. Rental history and future bookings are available upon request. Ocean Towers offers amenities: gym, Hot tub, large heated pool, cabanas inside and outside the pool area. Security guards all year long. Karaoke during summer months, separate safe gated kiddie pool, gas barbecue grills. HOA includes water, sewer, flood insurance, and outside /inside maintenance. Whether you're searching for a beachfront getaway or a proven income-producing property, this Ocean Towers condo offers the perfect combination of location, lifestyle, and investment potential. Don't miss this opportunity to own a piece of the Wildwood Crest beachfront.
Location
State NJ
County Wildwood
Area Wildwood
Location Details Beach Block,Beach Front,Water View
Interior
Hot Water Electric
Building
Lot Description Beach Block, Beach Front, Water View
Story One
Unit Location First Floor
Sewer City
Water City
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Listed by HOMESMART FIRST ADVANTAGE