341 E Oak Avenue
Wildwood, NJ 08260
- – beds
- – baths
- – sqft
- ~3/4 acre lot
Bring a developer's dream to life! This extraordinary opportunity awaits you to create a breathtaking oasis of 48 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 currently a functioning parking lot that measures 150' x 200' totaling 30,000 sq ft. But imagine 48 impeccably designed condos adorned with private balconies that capture enchanting ocean panorama. 40 of the units will offer 3 bedrooms with en suite baths, a den, powder room and laundry room while the other 8 include 3 bedrooms with en suite baths, powder room and laundry room. The architecture embraces a contemporary and elegant aesthetic, complimentary to the coastal charm of Wildwood. This visionary development includes two elevators and two levels of parking, thoughtfully designed to accommodate 2 parking spots per unit, 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. Development plans available. Asking price includes plans with local approvals. With state/CAFRA approvals, including all drawings required for permit-ready, the asking price is 12M. Additionally, the Seller (or its assignee or nominee in its sole discretion) will retain a 30-year lease on the ground level parking lot in its current dimensions at $10,000 per year paid in arrears.
Listing courtesy of BRIGHT / EXP Realty, LLC
Last checked:
Checking…
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Last updated Dec 20, 2024
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MLS# NJCM2004506 —
Financial & Terms
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Sale Type:Standard
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Possession:Immediate
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Lease Considered:No
Location
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Directions:R on E Oak
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Latitude:38.98817760
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Longitude:-74.81070310
The Property
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Property Type:Land
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Property Subtype:Land
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Current Use:Parking
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Lot Size Units:Square Feet
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Lot Size Acres:0.69
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Lot Size Source:Assessor
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Lot Size Dimensions:150.00 x 200.00
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Lot Dimensions Source:Assessor
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Lot SqFt:30,000 Sqft
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Inclusions:Asking price includes plans with local approvals. With state/CAFRA approvals, including all drawings required for permit-ready, the asking price is 12M. Additionally, the Seller (or its assignee or nominee in its sole discretion) will retain a 30-year lease on the ground level parking lot in its current dimensions at $10,000 per year paid in arrears.
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Additional Parcels:No
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Zoning:T/E
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View:Ocean
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Water View:Yes
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (609) 992-6872
- Office phone:
- (866) 201-6210
Taxes
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Tax ID Number:14-00195 01-00020
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Tax Year:2024
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Tax Lot:00020
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Tax Annual Amount:$24,008
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Tax Assessed Value:$800,000
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Year Assessed:2024
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:Other
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Water Source:None
Schools
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School District Name:Wildwood City Schools
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School District Source:Listing Agent
The Community
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Association Recreation Fee:No
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/20/24
Dec 20, 2024
|
Listed / Active | BRIGHT | $9,600,000 |