1318 Ocean Ave Unit 1318 Ocean City, NJ 08226
Estimated payment $5,512/month
Total Views
2,586
2
Beds
1
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Building is beachfront but unit may not have water views
- Deck
- Ground Level Unit
- Ocean City Primary School Rated A
- Main Floor Bedroom
- Den
About This Home
Welcome to Coconut Cove a Prime Investment Opportunity in Ocean City, NJ! Don’t miss this turnkey 2-bedroom, 1-bath unit located directly across the street from the iconic Ocean City Boardwalk. Coconut Cove is a high-performing rental property with a history of generating over $50,000 in annual income the last 3 years and on course to do over $70,000 this current year. This 1200 sq ft unit comes fully furnished with themed coastal Coconut décor and brand new luxury vinyl plank flooring throughout. Features include a bright and open living space, a private front deck/patio perfect for enjoying ocean breezes, sleeping for 5, two dedicated parking spaces—a rare find this close to the beach and an outside shower. This well-maintained unit is ideally situated in one of the East Coast’s most popular resort destinations, "America's Greates Family Resort" Ocean City, NJ, offering easy access to guarded beaches, iconic restaurants & shopping. Also, please take note, the Coconut Cove's sister property, The Pineapple Pad, 1312 Ocean Ave. (MLS # 596521) is also for sale. Own both units together and double your rental income, enjoy built i-in management systems, and give guests tenants the option to book side-by-side stays, perfect for family or group stays! It's a rare chance to to invest in a turn-key Ocean City duo that's already up and running. Whether you're looking for a strong investment or a personal getaway with excellent rental potential, Coconut Cove checks all the boxes.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,011
Year Built
- Built in 2002
Home Design
- Stucco
Interior Spaces
- 3-Story Property
- Ceiling Fan
- Drapes & Rods
- Blinds
- Dining Room
- Den
Kitchen
- Self-Cleaning Oven
- Stove
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Parking Spaces
- Parking Pad
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Additional Features
- Deck
- Building is beachfront but unit may not have water views
- Ground Level Unit
Community Details
Recreation
- Community Boardwalk
- Outdoor Community Showers
Pet Policy
- Pets Allowed
Map
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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 |
|---|---|---|---|---|
| 2024 | $4,011 | $357,500 | $145,000 | $212,500 |
| 2023 | $3,829 | $357,500 | $145,000 | $212,500 |
| 2022 | $3,679 | $357,500 | $145,000 | $212,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | For Sale | $925,000 | +122.9% | -- |
| 10/16/2020 10/16/20 | Sold | $415,000 | -5.7% | -- |
| 08/19/2020 08/19/20 | Pending | -- | -- | -- |
| 07/31/2020 07/31/20 | For Sale | $440,000 | 0.0% | -- |
| 07/10/2020 07/10/20 | Pending | -- | -- | -- |
| 07/09/2020 07/09/20 | For Sale | $440,000 | -- | -- |
Source: South Jersey Shore Regional MLS
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Source: South Jersey Shore Regional MLS
MLS Number: 596578
APN: 08 01302-0000-00013-0000-C1318
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