24 Ocean St Cape May, NJ 08204
Estimated payment $24,517/month
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!
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
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 | $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 |
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 |
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 | -- |
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: Cape May County Association of REALTORS®
MLS Number: 243467

APN: 02-01047-0000-00003
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