Description
This prime corner lot, situated in quiet neighborhood, allows for a three block walk to the beach or a short stroll to the center of Stone Harbor. The irregular shaped property offers over 62 of street frontage on 109th Street and almost 106 of frontage on Sunset Drive, all oriented towards views of the sunset and Carnival Bay. All of the properties on the bayside of Sunset Drive offer primarily water-facing decks, which enhances the privacy you will feel from this property while watching the sunset at the end of each beach day. The existing top and bottom duplex offers two spacious condo units, each with 2 bedrooms and 1 bathroom, a large entertaining space and an eat-in kitchen. The homes have a proven rental history, each generating in excess of $25,000 per season. If you wish to redevelop the site, a new single family home or a new top and bottom duplex are permitted on the site (the seller has previously developed architectural plans for a top and bottom duplex). Both new uses are permitted by-right, as the lot size is larger than 4,000 square feet. Whether you are looking for a cozy shore cottage or a site to redevelop, this incredible property offers endless options - schedule your appointment today.
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0BEDS
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1 to 6000 SqFtACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This prime corner lot, situated in quiet neighborhood, allows for a three block walk to the beach or a short stroll to the center of Stone Harbor. The irregular shaped property offers over 62 of street frontage on 109th Street and almost 106 of frontage on Sunset Drive, all oriented towards views of the sunset and Carnival Bay. All of the properties on the bayside of Sunset Drive offer primarily water-facing decks, which enhances the privacy you will feel from this property while watching the sunset at the end of each beach day. The existing top and bottom duplex offers two spacious condo units, each with 2 bedrooms and 1 bathroom, a large entertaining space and an eat-in kitchen. The homes have a proven rental history, each generating in excess of $25,000 per season. If you wish to redevelop the site, a new single family home or a new top and bottom duplex are permitted on the site (the seller has previously developed architectural plans for a top and bottom duplex). Both new uses are permitted by-right, as the lot size is larger than 4,000 square feet. Whether you are looking for a cozy shore cottage or a site to redevelop, this incredible property offers endless options - schedule your appointment today.
Listing information © 2023 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or Daniels Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-11-28T21:49:34.227.