$569,000
$30K PRICE DROP

540 E Cape May Ave Ocean Gate, NJ 08740

Ocean Gate Area

Estimated payment $3,928/month

Total Views 13,027
3 Beds
2 Baths
1,997 Sq Ft
$285 Price per Sq Ft

Highlights

  • Water Oriented
  • Colonial Architecture
  • No HOA
  • 0.49 Acre Lot
  • Attic
  • Formal Dining Room

About This Home

Welcome to the charming coastal community of Ocean Gate! This spacious single family home offers 3 bedrooms, 2 bathrooms, a flex room, and a heated sunroom, providing nearly 2,000 square feet of comfortable living space. Set on almost a half acre lot, the property also features an oversized detached garage and an extra long driveway with abundant parking, plus additional parking by the garage.
Perfect for seasonal or year round living, this home has great bones and is ready for your personal touches and updates. There is also potential for subdivision—buyers are encouraged to perform their own due diligence with the township regarding this possibility.
Enjoy the peaceful setting of this beautiful property while being just a few blocks from the beach and boardwalk area, making it easy to take in all the coastal charm Ocean Gate has to offer.
Come explore the possibilities and experience the lifestyle this wonderful community provides.

Listing Agent

Lois Furlong

(844) 698-5803 c21support@actionplusrealty.com Century 21 Action Plus Realty - Freehold Brokerage Phone: 8446985803 License #1539419 Listed on: 05/14/2026

Century 21 Action Plus Realty - Freehold

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,596

Year Built

  • Built in 1911 | Remodeled in 1982

Lot Details

  • 21,344 Sq Ft Lot
  • Infill Lot

Parking

  • 1 Car Detached Garage
  • 6 Driveway Spaces
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,997 Sq Ft Home
  • Property has 2 Levels
  • Partially Furnished
  • Crown Molding
  • Ceiling Fan
  • Bay Window
  • Formal Dining Room
  • Crawl Space
  • Attic

Kitchen

  • Eat-In Kitchen
  • Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Washer
  • Gas Dryer

Outdoor Features

  • Water Oriented
  • River Nearby
  • Patio

Location

  • Flood Risk

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00007
  • Assessor Parcel Number 22-00061-00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,596

Year Built

Built in 1911 | Remodeled in 1982

Lot Details

0.49 Acres

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Personal belongings
  • Inclusions: Washer, Dryer, Refrigerator, Stove, Microwave, Dishwasher, Light Fixures, Ceiling Fans, Window Coverings, garage door opener
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1911
  • Year Renovated: 1982
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer - Gas, Microwave, Oven - Single, Refrigerator, Stove, Washer, Water Heater
  • Interior Amenities: Attic, Ceiling Fan(s), Crown Moldings, Dining Area, Formal/Separate Dining Room, Kitchen - Eat-In
  • Window Features: Bay/Bow
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1997
  • Living Area Sq Ft: 1997
  • Price Per Sq Ft: 284.93
  • Above Grade Finished Sq Ft: 1997
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Water Body Name: Toms River and Barnegat Bay
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Additional Storage Area, Garage Door Opener, Oversized
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Lot Info

  • Horses: No
  • Lot Size Acres: 0.49
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21344.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: R

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Multi Family

  • Federal Flood Zone: AE

Tax Info

  • Tax Annual Amount: 8596.00
  • Assessor Parcel Number: 22-00061-00007
  • Tax Lot: 00007
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $8,597 $472,100 $229,800 $242,300
2025 $8,597 $472,100 $229,800 $242,300
2024 $7,596 $472,100 $229,800 $242,300
2023 $6,997 $251,600 $97,300 $154,300
2022 $6,997 $251,600 $97,300 $154,300
2021 $6,080 $251,600 $97,300 $154,300
2020 $6,750 $251,600 $97,300 $154,300
2019 $6,587 $251,600 $97,300 $154,300
2018 $6,358 $251,600 $97,300 $154,300
2017 $6,310 $251,600 $97,300 $154,300
2016 $6,260 $251,600 $97,300 $154,300
2015 $6,491 $318,500 $158,800 $159,700
2014 $5,703 $278,600 $158,800 $119,800
Source: Public Records

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
08/08/2026 08/08/26 Price Changed $569,000 -5.0% $285 / Sq Ft
05/14/2026 05/14/26 For Sale $599,000 -- $300 / Sq Ft
Source: Bright MLS

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
Interfamily Deed Transfer -- None Available
Deed -- --
Source: Public Records

Source: Bright MLS

MLS Number: NJOC2042192

Bright MLS

APN: 22-00061-0000-00007

New Jersey Ocean County Ocean Gate 08740

540 E Cape May Ave, Ocean Gate, NJ

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