407 E Monterey Ave Unit 502 Wildwood Crest, NJ 08260
The Wildwoods NeighborhoodEstimated payment $8,241/month
Highlights
- Water Views
- Building is beachfront but unit may not have water views
- Corner Lot
- Property is near a beach
- Island Location
- Furnished
About This Home
Welcome to a rare opportunity to own a truly exceptional beach block Penthouse, where breathtaking ocean views greet you the moment you walk through the door. This one-of-a-kind 3-bedroom plus den, 2.5-bath residence offers a luxurious coastal lifestyle just steps from the sand. Boasting an expansive and thoughtfully designed floor plan, the home features a spacious living room, elegant dining area, cozy den, and a gourmet kitchen — all seamlessly integrated to create the perfect environment for both relaxation and entertaining. Step out onto the large private balcony to unwind with the sound of waves crashing below or host unforgettable gatherings with the Atlantic as your backdrop. The interior is tastefully appointed with upscale furnishings and high-end finishes throughout. The kitchen impresses with rich tile work, gleaming granite countertops, and new black stainless-steel appliances, perfect for the discerning home chef. The oversized primary suite is a true retreat, featuring a generous dressing area, walk-in closet, and a luxurious en-suite bath complete with a soaking tub and a separate glass-enclosed shower. Originally built as the builder’s private residence, this Penthouse has only had one other owner and has been meticulously maintained and extensively upgraded. The list of enhancements is too long to detail — but each one adds to the home’s comfort, elegance, and value. Residents of the Verona enjoy access to premium amenities including a rooftop pool and lounge area with stunning views, a private storage area, elevator access, and two large off-street parking spaces. If panoramic ocean and beach views, elegant living, and a prime Wildwood Crest location are what you’ve been searching for, this spectacular Penthouse is not to be missed.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,919
Year Built
- Built in 2009
HOA Fees
- $838 Monthly HOA Fees
Interior Spaces
- 2,045 Sq Ft Home
- 1-Story Property
- Furnished
- Blinds
- Living Room
- Dining Area
- Den
- Storage Room
- Water Views
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Parking Spaces
- Driveway
- Assigned Parking
Outdoor Features
- Property is near a beach
- Property near a bay
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Additional Features
- Building is beachfront but unit may not have water views
- Island Location
Listing and Financial Details
- Legal Lot and Block 7 / 118.02
Community Details
Amenities
- Community Deck or Porch
- Elevator
Recreation
- Community Pool
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 | $8,919 | $625,000 | $400,000 | $225,000 |
| 2024 | $8,919 | $625,000 | $400,000 | $225,000 |
| 2023 | $8,788 | $625,000 | $400,000 | $225,000 |
| 2022 | $8,538 | $625,000 | $400,000 | $225,000 |
| 2021 | $8,288 | $625,000 | $400,000 | $225,000 |
| 2020 | $8,056 | $625,000 | $400,000 | $225,000 |
| 2019 | $7,994 | $625,000 | $400,000 | $225,000 |
| 2018 | $7,863 | $625,000 | $400,000 | $225,000 |
| 2017 | $7,706 | $625,000 | $400,000 | $225,000 |
| 2016 | $7,463 | $625,000 | $400,000 | $225,000 |
| 2015 | $7,350 | $625,000 | $400,000 | $225,000 |
| 2014 | $7,188 | $625,000 | $400,000 | $225,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | Price Changed | $1,250,000 | -7.4% | $611 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $1,350,000 | -6.9% | $660 / Sq Ft |
| 06/13/2025 06/13/25 | For Sale | $1,450,000 | -- | $709 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $705,000 | None Available | |
| Deed | $825,000 | Freedom Title & Abstract Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $339,900 | New Conventional | |
| Closed | $500,000 | Credit Line Revolving | |
| Previous Owner | $500,000 | New Conventional |
Source: Cape May County Association of REALTORS®
MLS Number: 251724
APN: 15-00118-02-00007-0000-C0502
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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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