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$ 375,000
Est. payment | /mo
2 Beds
1 Bath
$ 375,000
Est. payment | /mo
2 Beds
1 Bath
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 261372
Style Ranch
Bedrooms 2
Full Baths 1
Year Built 1981
Annual Tax Amount $3,056
Tax Year 2025
Lot Dimensions 50X100
Property Sub-Type Single Family
Property Description
Opportunity knocks in the heart of the Villas — four blocks from the Delaware Bay. 106 Edna Avenue is a 974 sq ft single-family home on a full 50x100 lot, zoned R-3, sitting in FEMA Flood Zone X. No mandatory flood insurance. That's a rare find this close to the water in Cape May County. The property is a rehab with subflooring in place and structure standing — it needs someone with a vision and a plan to bring it across the finish line. Flooring, fixtures, and finish work remain. The bones are solid. The location is prime. The price reflects the work ahead, not the value waiting on the other side of it. For the hands-on buyer, this is a genuine sweat equity opportunity. Comparable finished homes in the Villas support a purchase-plus-renovation cost basis that leaves real room to build wealth. Annual taxes are just $3,057 — a manageable carry while you work through your timeline. Get in, do the work, and come out the other side owning a finished home four blocks from the bay at a price the market will reward. For the investor, three paths present themselves clearly. Finish and flip — the Villas market rewards good renovations and move-in-ready product sells. Finish and hold — Cape May County's rental demand, both seasonal and annual, is among the strongest in New Jersey, and a finished home this close to the bay is a desirable product in every season. Or explore new construction — a full buildable lot, R-3 zoning, Flood Zone X, four blocks from the Delaware Bay is a compelling land play at this price point. The Villas is one of Cape May County's most authentic shore communities, and properties offering this combination of location, lot size, and entry-level pricing don't stay available long. Offered as-is. Bring your contractor, run your numbers, and come ready to move. Being Sold As is.
Location
State NJ
County Cape May
Area Bayside Village
Zoning R-3
Interior
Hot Water Electric
Heating Baseboard
Cooling Window Air Conditioning
Building
Sewer Public
Water Public
New Construction No
Listed by Coldwell Banker Sol Needles Real Estate