The perfect luxury beach property awaits with this newly custom built three unit property. The close proximity to the beach and boardwalk along with ocean breezes and a glimpse of the ocean from the 3rd floor unit makes this the perfect investment property. Each unit has a separate formal entrance and an entrance through the garage. Private staircases and elevators will take you to the upper floors. The upscale kitchens offers Pearl Glazed shaker cabinets with Hazel shaker island cabinets, Calcatta Laza quartz countertops, GE Cafe Series stainless steel appliances, and 33" farm sink with matte black fixtures. Other features of the vacation condo include matte black finishes throughout, easy to care for water resistant LVP flooring, and washer/dryer in each unit. Three separate condos, 1st floor offers 3 bed/2 bath; 2nd floor and 3rdfloor units offer 6 bed/5 bath layout making sure there is plenty of space for family and guests.
Property Details
Property Features
Property Information:
Year Built: 2024
Listing Office:
Office Name: eXp Realty - Montclair
Office Phone: (866) 201-6210
Interior Features
Interior Information:
Appliances: Disposal, Dishwasher, Gas Oven, Microwave, Refrigerator, Washer
Basement: No
Exterior Features
Exterior Information:
Waterfront: Waterfront
View: Water, Ocean
Exterior: Ocean View, Sidewalks
Parking Information:
Garage Space: 3 spaces
Parking: Three or More Cars
Lot Features
Lot Information:
Lot: Views, Sidewalk
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: Central Air, Gas
Other
Directions Information:
Directions: 9th Street bridge to Ocean Avenue, right on Ocean Avenue to 1116 Ocean Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $5,750,000
Tax Information:
Annual Amount: $5,952
Tax Year: 2020
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Housing Market Comparison
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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 22, 2016
Nov 22, 2016Home Sold
$990,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$5,952
$797,800
2019
$7,149
$746,300
2018
$7,150
$746,300
2017
$7,427
$787,600
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Ocean City Primary School
550 West Ave
Distance between this listing and this school0.68 miles
Public District Grades PK-3
2
/10
Dawes Avenue Elementary School
22 W Dawes Ave
Distance between this listing and this school3.49 miles
Public District Grades KG-3
5
/10
Upper Township Elementary School
50 N Old Tuckahoe Rd
Distance between this listing and this school3.74 miles
Public District Grades 3-5
Nearby Schools
6
/10
Ocean City Intermediate School
1901 Bay Avenue
Distance between this listing and this school0.86 miles
Public District Grades 4-8
4
/10
Jordan Road Middle School
129 Jordan Rd
Distance between this listing and this school3.49 miles
Public District Grades 4-8
7
/10
Belhaven Middle School
51 Belhaven Ave
Distance between this listing and this school4.63 miles
Public District Grades 5-8
Nearby Schools
5
/10
Ocean City High School
501 Atlantic Ave
Distance between this listing and this school0.65 miles
Public District Grades 9-12
2
/10
Chartertech High School for the Performing Arts
413 New Rd
Distance between this listing and this school3.84 miles
Public Charter Grades 9-12
5
/10
Mainland Regional High School
1301 Oak Ave
Distance between this listing and this school4.93 miles
The neighbors living near this home have an average income of $73,239. The majority of Ocean City, NJ residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
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This home is located at 1116 Ocean Ave in Ocean City, NJ and zip code 08226. This home was built in 2024. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $5,750,000.
In November 2024 more than 5 listings in Ocean City, NJ were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 20 were sold below. The inventory of homes for sale in Ocean City, NJ between October 2024 and November 2024 decreased by 9.3%. While the average time on the market in November 2024 was 74 days, the median list price was $915,800.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
PGA/LPGA
PGA/LPGA
Figure Skating
Hiking/backpacking
Stein Mart
Chico's
Nordstrom Rack
Bonefish Grill
Bob Evans
Chipotle
Lincoln
Oldsmobile
Mazda
Classical
News
Rock