Description
Bring a developer'sdream to life! This extraordinary opportunity awaits you to create a breathtaking oasis of 40 ocean view condos just steps to the beach. The vision promises a lifestyle that merges luxurious modern design, panoramic vistas, and the mesmerizing allure of the sea. The land is currentlya functioningparking lot that measures 150' x 200' totaling 30,000 sq ft. But imagine 40 impeccably designed condos adorned with private balconies that capture enchanting ocean panorama. 20 of the units will offer over 900 sq ft, two bedrooms with en suite baths, powder room and laundry room while the other 20 units will boast over 1,800 sq ft, four bedrooms with en suite baths, powder room and laundry room. The architecture embraces a contemporary and elegant aesthetic, complimentaryto the coastal charm of Wildwood. This visionary development includes two elevators and two levels of parking, thoughtfully designed to accommodate 3 parking spots per each smaller unitand 4 parking spots per each larger unit. The abundance of parking ensures that residents and their guests can easily access their vehicles, making coastal adventures and day-to-day routines a breeze. You can even hit the gym or take laps in the rooftop pool while watching the sunset on the horizon! Seize the opportunity to team up with an experienced developer to make your mark on the coastline, and create an enclave of luxurious ocean view condos that will captivate hearts and stand the test of time. Asking price of 5M includes plans with local approvals. Plans with State/CAFRA approvals also available with an asking price of $6M. Additionally, the Seller will hold a 50-year ground lease for parking.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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30,000SQFT
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$167$/SQFT
School Ratings & Info
Description
Bring a developer'sdream to life! This extraordinary opportunity awaits you to create a breathtaking oasis of 40 ocean view condos just steps to the beach. The vision promises a lifestyle that merges luxurious modern design, panoramic vistas, and the mesmerizing allure of the sea. The land is currentlya functioningparking lot that measures 150' x 200' totaling 30,000 sq ft. But imagine 40 impeccably designed condos adorned with private balconies that capture enchanting ocean panorama. 20 of the units will offer over 900 sq ft, two bedrooms with en suite baths, powder room and laundry room while the other 20 units will boast over 1,800 sq ft, four bedrooms with en suite baths, powder room and laundry room. The architecture embraces a contemporary and elegant aesthetic, complimentaryto the coastal charm of Wildwood. This visionary development includes two elevators and two levels of parking, thoughtfully designed to accommodate 3 parking spots per each smaller unitand 4 parking spots per each larger unit. The abundance of parking ensures that residents and their guests can easily access their vehicles, making coastal adventures and day-to-day routines a breeze. You can even hit the gym or take laps in the rooftop pool while watching the sunset on the horizon! Seize the opportunity to team up with an experienced developer to make your mark on the coastline, and create an enclave of luxurious ocean view condos that will captivate hearts and stand the test of time. Asking price of 5M includes plans with local approvals. Plans with State/CAFRA approvals also available with an asking price of $6M. Additionally, the Seller will hold a 50-year ground lease for parking.
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 2023-09-29T23:49:38.59.