507 E Lake Dr Cape May Point, NJ 08212
Cape May AreaEstimated payment $14,080/month
Highlights
- Water Views
- Deck
- Wood Flooring
- Island Location
- Wooded Lot
- Main Floor Primary Bedroom
About This Home
Experience the best of all worlds in this beautifully updated coastal retreat, perfectly situated just a short walk to the beach and directly across from the lake on a secluded, wooded lot. Nestled beneath a canopy of mature trees in one of the areas most renowned migratory bird habitats, this property offers exceptional privacy and a peaceful natural setting. This spacious home features 3 bedrooms, 2.5 bathrooms, plus a versatile ground-floor office that could easily serve as a fifth bedroom. The expansive living room is the heart of the home, complete with a cozy fireplace and plenty of space for gathering with family and friends. Enjoy the outdoors year round from the front porch or entertain on the expansive rear wolf deck with cable overlooking tranquil wooded surroundings. The entire third floor is dedicated to an oversized bunkroom, offering endless possibilities as a guest retreat, playroom, media room or an inspiring artists studio. Thoughtfully updated throughout with upgrades, including a new roof, this home combines modern comforts with timeless coastal charm. Whether you are searching for a year round residence, vacation get away, or investment property, this unique property provides an exceptional lifestyle in a truly special location.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,555
Year Built
- Built in 1992
Interior Spaces
- 2,368 Sq Ft Home
- 3-Story Property
- Wood Burning Fireplace
- Blinds
- Living Room
- Dining Area
- Screened Porch
- Water Views
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Oven
- Stove
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Parking
- 3 Car Garage
- Gravel Driveway
Outdoor Features
- Outdoor Shower
- Deck
Utilities
- Central Air
- Heating Available
- Electric Water Heater
Additional Features
- Wooded Lot
- Island Location
Listing and Financial Details
- Legal Lot and Block 20 / 34
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $5,366 | $725,200 | $525,000 | $200,200 |
| 2025 | $5,366 | $725,200 | $525,000 | $200,200 |
| 2024 | $5,366 | $725,200 | $525,000 | $200,200 |
| 2023 | $5,231 | $717,600 | $525,000 | $192,600 |
| 2022 | $5,059 | $717,600 | $525,000 | $192,600 |
| 2021 | $4,406 | $717,600 | $525,000 | $192,600 |
| 2020 | $4,463 | $717,600 | $525,000 | $192,600 |
| 2019 | $4,406 | $717,600 | $525,000 | $192,600 |
| 2018 | $4,248 | $717,600 | $525,000 | $192,600 |
| 2017 | $4,205 | $717,600 | $525,000 | $192,600 |
| 2016 | $4,119 | $717,600 | $525,000 | $192,600 |
| 2015 | $4,062 | $815,600 | $615,000 | $200,600 |
| 2014 | $4,062 | $815,600 | $615,000 | $200,600 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/22/2026 07/22/26 | For Sale | $2,499,000 | +19.9% | $1,055 / Sq Ft | |
| 09/15/2023 09/15/23 | Sold | $2,085,000 | -5.0% | $880 / Sq Ft | View Prior Sale |
| 08/18/2023 08/18/23 | Pending | -- | -- | -- | |
| 04/25/2023 04/25/23 | For Sale | $2,195,000 | +237.7% | $927 / Sq Ft | |
| 01/30/2015 01/30/15 | Sold | $650,000 | -10.3% | -- | View Prior Sale |
| 12/31/2014 12/31/14 | Pending | -- | -- | -- | |
| 11/07/2014 11/07/14 | For Sale | $725,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,085,000 | Title Company Of Jersey | |
| Bargain Sale Deed | $650,000 | The Title Company Of Jersey |
Source: Cape May County Association of REALTORS®
MLS Number: 261972
APN: 03-00034-0000-00020
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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