1011 Lafayette St Unit 302 Cape May, NJ 08204
Estimated payment $3,128/month
Highlights
- Island Location
- Furnished
- Laundry Room
- Wood Flooring
- Building Patio
- 4-minute walk to Cape May Kiwanis Community Park
About This Home
Welcome to 1011 Lafayette Street, Unit 302 — a beautifully updated penthouse condo offering an exceptional opportunity for year-round living, a personal Cape May retreat, or a proven investment rental. Set in the charming and historic Joseph Leach House, this top-floor 1-bedroom, 1-bath residence delivers the perfect blend of modern convenience and coastal charm. It easily lives like a two-bedroom, with a high-quality Murphy bed in the living room for additional sleeping space. Step inside to a bright and inviting living area filled with natural light, hardwood flooring, and a comfortable layout ideal for relaxing or hosting guests. The well-appointed kitchen features updated appliances, ample cabinetry, and a dedicated dining space — perfect for everyday living or entertaining. The serene bedroom offers generous storage and a peaceful place to unwind after a day at the beach. Enjoy the timeless charm of the shared Victorian front porch, where guests and residents have relaxed for more than 155 years. The property sits on a rare 120' x 198' lot— spacious by Cape May standards — providing a sense of openness and historic grandeur. Owners are permitted pets, and Cape May’s pet-friendly atmosphere makes it easy to enjoy the area with furry family members. From designated dog-friendly beach times and scenic walking paths to outdoor dining patios and welcoming local shops, this seaside town is wonderfully accommodating. Owners also enjoy access to convenient amenities including an outdoor shower, shared laundry facility, locked storage for beach gear, and a private outdoor shed perfect for safely storing bicycles. Prime location? Absolutely. You’re just a short walk or bike ride to Cape May’s renowned beaches, dining, shopping, and entertainment — plus easy access to the City’s free shuttle service. With designated off-street parking, getting around is always stress-free. Let's talk dining for a minute! From the exquisite Washington Inn to Oyster Bay, to Elaine's to name only a few nearby. You will enjoy the food, the atmosphere, the wine & cocktails and yes, even the entertainment. All within a few blocks of home. Whether you're searching for a cozy full-time residence, a relaxing getaway destination, or a profitable rental investment, Unit 302 offers a rare opportunity to enjoy the very best of Cape May living. Don’t miss your chance to make this coastal gem your own!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,112
Year Built
- Built in 1870
HOA Fees
- $330 Monthly HOA Fees
Parking
- Assigned Parking
Interior Spaces
- 548 Sq Ft Home
- 1-Story Property
- Furnished
- Blinds
- Laundry Room
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Location
- Island Location
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 60 / 1061
Community Details
Amenities
- Building Patio
- Community Deck or Porch
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,112 | $199,800 | $100,000 | $99,800 |
| 2024 | $2,112 | $199,800 | $100,000 | $99,800 |
| 2023 | $2,146 | $199,800 | $100,000 | $99,800 |
| 2022 | $2,062 | $199,800 | $100,000 | $99,800 |
| 2021 | $1,972 | $199,800 | $100,000 | $99,800 |
| 2020 | $1,938 | $199,800 | $100,000 | $99,800 |
| 2019 | $1,972 | $199,800 | $100,000 | $99,800 |
| 2018 | $1,860 | $199,800 | $100,000 | $99,800 |
| 2017 | $1,766 | $199,800 | $100,000 | $99,800 |
| 2016 | $1,662 | $199,800 | $100,000 | $99,800 |
| 2015 | $1,728 | $199,800 | $100,000 | $99,800 |
| 2014 | -- | $199,800 | $100,000 | $99,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/20/2025 11/20/25 | For Sale | $499,900 | +9.3% | $912 / Sq Ft | |
| 12/02/2024 12/02/24 | Sold | $457,500 | +1.7% | $835 / Sq Ft | View Prior Sale |
| 08/16/2024 08/16/24 | Pending | -- | -- | -- | |
| 08/15/2024 08/15/24 | For Sale | $450,000 | +20.0% | $821 / Sq Ft | |
| 11/30/2023 11/30/23 | Sold | $375,000 | -6.0% | $684 / Sq Ft | View Prior Sale |
| 10/18/2023 10/18/23 | Pending | -- | -- | -- | |
| 08/13/2023 08/13/23 | Price Changed | $399,000 | -3.9% | $728 / Sq Ft | |
| 07/10/2023 07/10/23 | Price Changed | $415,000 | -2.4% | $757 / Sq Ft | |
| 06/16/2023 06/16/23 | Price Changed | $425,000 | -5.3% | $776 / Sq Ft | |
| 06/09/2023 06/09/23 | Price Changed | $448,800 | 0.0% | $819 / Sq Ft | |
| 05/30/2023 05/30/23 | Price Changed | $448,900 | 0.0% | $819 / Sq Ft | |
| 04/24/2023 04/24/23 | Price Changed | $449,000 | -5.5% | $819 / Sq Ft | |
| 11/07/2022 11/07/22 | For Sale | $475,000 | +117.0% | $867 / Sq Ft | |
| 06/15/2018 06/15/18 | Sold | $218,900 | -2.7% | -- | View Prior Sale |
| 05/16/2018 05/16/18 | Pending | -- | -- | -- | |
| 05/11/2018 05/11/18 | For Sale | $225,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $457,500 | Shore Title | |
| Bargain Sale Deed | $457,500 | Shore Title | |
| Deed | $375,500 | Seaboard Title | |
| Deed | $375,500 | Seaboard Title | |
| Deed | $218,900 | -- | |
| Deed | $310,000 | Seaboard Title Agency | |
| Deed | $204,500 | The Title Company Of Jersey | |
| Deed | $84,000 | -- | |
| Deed | $63,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $343,145 | New Conventional | |
| Previous Owner | $337,950 | New Conventional | |
| Previous Owner | $65,600 | No Value Available | |
| Previous Owner | $50,000 | No Value Available |
Source: Cape May County Association of REALTORS®
MLS Number: 253460
APN: 02-01061-0000-00060-0000-C-302
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.
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