$4,425,000

24 Ocean St Cape May, NJ 08204

Estimated payment $24,517/month

Total Views 113,709
8 Beds
9 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Water Views
  • Property is near a beach
  • Deck
  • The property is located in a historic district
  • Building is beachfront but unit may not have water views
  • 5-minute walk to Cape May Rotary Park

About This Home

This remarkable home has embraced many roles throughout its storied past—from a private residence and beach getaway to a charming bed and breakfast and, most recently, a highly successful vacation rental for large families. Now, it stands ready for its next chapter. Perhaps, like so many before you, you'll step inside and instantly know—it’s the one. Thoughtfully designed by its original builders, this home was crafted with vision and purpose, offering the space and structure to accommodate nearly any lifestyle. Inside, you'll find expansive living areas and generously sized bedrooms, each with its own ensuite or private bath—providing both comfort and privacy. The Breakers delights at every turn, from the breathtaking ocean views and sunsets to the inviting wraparound porch and sundecks—perfect for morning coffee or evening cocktails. A rare bonus in Cape May: off-street parking for up to 8 vehicles makes hosting a breeze. Currently configured as an 8-bedroom, 9-bathroom residence just half a block from the beach, The Breakers has been a cherished full-home rental for over 14 years, with peak weekly rental income reaching $15,000. Recent upgrades include: Owner just completing a brand new roof and upper deck which will be an amazing asset for the new owner!* New leather sleeper sofas in the living room, Google Nest smart thermostat, smart locks on both front and back doors, whole-home Wi-Fi mesh system with three hubs for strong, consistent connectivity. The home is offered mostly furnished, allowing for a smooth and turnkey transition. Whether you choose to continue its legacy as a high-demand rental, create a personal retreat for your growing family, or reimagine it to reflect your unique vision—be it timeless Victorian elegance or relaxed coastal vibes—the possibilities are endless. Ideally located just steps from Cape May’s pristine beach, the Washington Street Mall, boutique shopping, restaurants, and cafes, this exceptional property offers both convenience and charm. Beautifully maintained and brimming with potential, The Breakers is more than a home—it’s a rare opportunity waiting for YOU!

Listing Agent

Kimberly Gipple

COASTLINE REALTY, LLC Listed on: 11/28/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,782

Year Built

  • Built in 1880

Lot Details

  • Lot Dimensions are 40x137
  • Building is beachfront but unit may not have water views
  • Sprinkler System

Parking

  • Stone Driveway

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Room
  • Den
  • Storage
  • Water Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 9 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Deck
  • Enclosed Patio or Porch
  • Outdoor Grill

Location

  • The property is located in a historic district

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / 1047

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,782

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Water View, Historical District
  • District Township: 02-Cape May City
  • Near: Beach Avenue & Mall
  • Also Includes: Rugs, Furniture, See Remarks, Window Treatments
  • Estimated Year Built: 1880
  • Beach Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 24
  • Lot Size2: 40x137
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1880

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Natural Gas, Wine Cooler, 1778
  • Interior Amenities: Wood Flooring, Smoke/Fire Alarm, Storage, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 9
  • Full Bathrooms: 9
  • Bedrooms: 8
  • Total Rooms: 22
  • Basement: Full, Outside Entrance, Inside Entrance
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Eat-In-Kitchen, Pantry, 1st Floor Primary Bedroom, Laundry Closet

Exterior Features

  • Construction: Victorian, Three Story
  • Exterior: Wood
  • House Color: Light Yellow
  • Outside Features: Patio, Deck, Enclosed/Covered Patio, Porch, Grill, Cable TV, Sidewalks, Outside Shower, Sprinkler System, 1767

Garage/Parking

  • Parking Garage: Stone Driveway, See Remarks

Utilities

  • Cooling: Central Air Condition, Ceiling Fan, Multi Zoned
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 3
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 13782.22
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $13,782 $1,303,900 $726,700 $577,200
2024 $13,782 $1,303,900 $726,700 $577,200
2023 $14,004 $1,303,900 $726,700 $577,200
2022 $13,456 $1,303,900 $726,700 $577,200
2021 $13,274 $1,303,900 $726,700 $577,200
2020 $12,648 $1,303,900 $726,700 $577,200
2019 $12,869 $1,303,900 $726,700 $577,200
2018 $12,139 $1,303,900 $726,700 $577,200
2017 $11,526 $1,303,900 $726,700 $577,200
2016 $10,848 $1,303,900 $726,700 $577,200
2015 $11,279 $1,303,900 $726,700 $577,200
2014 $11,279 $1,303,900 $726,700 $577,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 For Sale $4,425,000 0.0% --
02/10/2025 02/10/25 Pending -- -- --
11/28/2024 11/28/24 For Sale $4,425,000 +74.4% --
01/26/2022 01/26/22 Sold $2,537,579 -10.5% $632 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
08/22/2021 08/22/21 For Sale $2,835,000 -- $707 / Sq Ft
Source: Cape May County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $2,537,579 Shore Title
Bargain Sale Deed $1,239,000 The Title Company Of Jersey
Bargain Sale Deed $1,330,000 --
Deed $950,000 --
Deed $355,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $929,250 Commercial
Previous Owner $1,000,000 Commercial
Previous Owner $700,000 Commercial
Source: Public Records

Source: Cape May County Association of REALTORS®

MLS Number: 243467

Cape May County Association of REALTORS®

APN: 02-01047-0000-00003